By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook. Brent crude futures were up $1.19, or 1.2%, at $102.26 a barrel at 1306…
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels. Jobless claims fell by 5,000 to 166,000 for the week ending April 2, the Labor Department reported Thursday. The previous week’s number was revised down a whopping 31,000 claims. Last week’s claims match the figure from two…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, indicating a further tightening of labor market conditions heading into the second quarter, which could contribute to keeping inflation elevated. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 166,000 for the week ended April 2,…
FRANKFURT (Reuters) -European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even more action, as conditions for raising rates had either been met or were about to be met, the accounts of the gathering showed. Policymakers agreed at the meeting to end bond buys some time…
BEIJING (AP) — Residents of Shanghai are struggling to get meat, rice and other food supplies under anti-coronavirus controls that confine most of its 25 million people in their homes, fueling frustration as the government tries to contain a spreading outbreak. People in China’s business capital complain online grocers often are sold out. Some received…
The European Union nations have agreed to ban Russian coal in the first sanctions on the vital energy industry over the war in Ukraine, but it has underlined the 27 countries’ inability to agree so far on a much more sweeping embargo on oil and natural gas that would hit Russia harder but risk recession…
MADRID (Reuters) – The Bank of Spain told lenders on Thursday to adequately monitor credit risks of some of their customers most exposed to the economic impact from Russia’s invasion of Ukraine and urged banks not to release provisions given the current uncertainty. “In view of the new shock, we will have to closely monitor…
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. In a speech on digital assets policy released by the Treasury, Yellen said…
LONDON (Reuters) -Qatar Airways accused planemaker Airbus on Thursday of moving the goalposts in a safety and contractual dispute by raising the allowable limit for surface damage to the A350 jetliner. The two sides have been locked in a high-profile dispute over damage to the anti-lightning mesh within the painted skin of the A350 that…
By Katanga Johnson and Elizabeth Dilts Marshall WASHINGTON/NEW YORK (Reuters) – The U.S. consumer watchdog plans to ramp up enforcement actions against lenders that illegally charge credit card late-payment fees and may rewrite its rules that set thresholds for such fees, according to two people with direct knowledge of the matter. The development marks an…
