WASHINGTON (AP) — Sen. Joe Manchin, a West Virginia Democrat, said Monday that he opposes the nomination of Sarah Bloom Raskin to a key position on the Federal Reserve’s Board of Governors, endangering her prospects of winning Senate confirmation. Raskin’s nomination has been stuck in the Senate Banking Committee since Republicans last month unanimously refused…
By Devik Jain and Sabahatjahan Contractor (Reuters) – Gains in financial and healthcare shares bolstered the Dow and the S&P 500 index on Monday, as investors pinned their hopes on Russia-Ukraine peace talks, while shifting their focus to the upcoming Federal Reserve policy meeting. The conflict has roiled global financial markets and fueled concerns about…
WASHINGTON (Reuters) – Democratic U.S. Senator Joe Manchin in a statement on Monday said he could not back President Joe Biden’s Fed nominee Sarah Bloom Raskin. (Reporting by Susan Heavey; Editing by Caitlin Webber)
BERLIN (AP) — Germany will replace some of its aging Tornado bomber jets with U.S.-made F-35A Lightning II aircraft capable of carrying nuclear weapons, the country’s defense minister said Monday. Announcing the decision, Defense Minister Christine Lambrecht said Germany also will upgrade its Eurofighter Typhoon fighter jets for electronic warfare — a capability that’s also…
By Camillus Eboh ABUJA (Reuters) – A Nigerian court has stopped Shell Plc from selling any assets in Nigeria until a decision is reached on the company’s appeal of a nearly $2 billion penalty for an alleged oil spill. A copy of the court ruling, which was seen by Reuters on Monday, was issued on…
FRANKFURT, Germany (AP) — German prosecutors have charged the former CEO of payments company Wirecard and two other ex-managers with fraud and false accounting in connection with the firm’s collapse last year amid allegations that much of its revenue and assets were faked. Prosecutors in Munich said Monday that ex-CEO Markus Braun signed off on…
WASHINGTON (AP) — The Federal Reserve on Wednesday will launch one of the most difficult tasks a central bank can attempt: Raise borrowing costs enough to slow growth and tame high inflation, but not so much as to topple the economy into recession. With a war raging in Europe and price increases at a four-decade…
(Reuters) – Russia may suspend exports of wheat, barley, maize (corn) and rye starting from Tuesday until June 30, the Interfax news agency reported on Monday, citing the agriculture ministry. Russia is the world’s largest wheat exporter with Egypt and Turkey among the main buyers. It competes mainly with the European Union and Ukraine. “The…
(Reuters) -The latest on Russia’s oligarchs and their assets: ALISHER USMANOV Alisher Usmanov, 68, metals and telecoms tycoon with an estimated $16.2 billion net worth has been sanctioned by the United States and European Union Seized: – A villa in Golfo del Pevero, on the island of Sardinia, worth approximately $19 million was seized by…
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets. Brent was down by $6.78, or 6%, at $105.89 a barrel at 1358 GMT and…
