By Paresh Dave and Jeffrey Dastin OAKLAND, Calif. (Reuters) – Microsoft Corp President Brad Smith wrote to Ukraine’s leader this month with a clear message: despite Kyiv’s calls for it to sever all ties with Russia, the U.S. software behemoth would continue doing business in the country with non-sanctioned clients, including schools and hospitals. “Depriving…
By John McCrank NEW YORK (Reuters) – The dollar dropped to a nearly two-week low on Wednesday as optimism over peace talks between Russia and Ukraine faded and investors’ attention shifted to economic data and interest rate expectations. The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.57%…
By Jiraporn Kuhakan and Chayut Setboonsarng BANGKOK (Reuters) – Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars. Thailand, along with most other countries in Southeast Asia, has been…
By Scott DiSavino NEW YORK (Reuters) – Oil prices gained over 2% on Wednesday as another U.S. crude stock drawdown indicated tight supplies and investors worried about possible new Western sanctions against Russia. Brent futures rose $2.69, or 2.4%, to $112.92 a barrel by 1:22 p.m. EDT (1722 GMT). U.S. West Texas Intermediate (WTI) crude…
(Reuters) – The brief inversion of the U.S. bond yield curve on Tuesday is a cautionary sign for the Federal Reserve that may need to be factored into coming debates on management of the central bank’s balance sheet, Kansas City Fed President Esther George said on Wednesday. George said she was less concerned about what…
By Tom Wilson and Koh Gui Qing LONDON/NEW YORK (Reuters) – The U.S. and European equities rally paused on Wednesday as investors took stock of economic and geopolitical risks, while oil prices jumped back around $4 on the prospect of more Russian sanctions. The broad Euro STOXX 600 fell 0.6% after three positive sessions that…
For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies. It meant solid economies and stable markets. And for households and businesses, especially in the United States and Europe, it meant an entire generation of ultra-low inflation. Now, Russia’s invasion…
(Reuters) – Amazon.com Inc is launching a program to double cashback rewards on fuel purchases to up to 12% for Amazon Flex debit cardholders, to help Flex delivery partners amid a rise in fuel prices. Amazon Flex, which works like on-demand ride-hailing service Uber, handles speedy deliveries of common household goods to customers through programs…
ALBUQUERQUE, N.M. (AP) — There are now more Mexican gray wolves roaming the southwestern U.S. than at any time since the federal government started to reintroduce the endangered species, wildlife managers said Wednesday. The results of the latest annual survey of the wolves show there are at least 196 in the wild in New Mexico…
NEW YORK (AP) — What’s immune to high inflation? So far, the profits at big U.S. companies. Businesses are facing higher gasoline and heating bills, just like consumers, in addition to higher expenses for labor and raw materials. But unlike many middle- and lower-income Americans, they’ve been making more than enough extra income to cover…
