By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices edged higher on Friday and were on track for weekly gains, supported by the prospect of a tight market due to rising gasoline consumption in the United States in summer, and also the possibility of an EU ban on Russian oil. Brent crude was up 64 cents, or…
(Reuters) – Russia’s central bank on Friday authorised Russian residents to buy shares in companies from “friendly” countries, provided the transactions were denominated in roubles or the currency of the foreign country. In a statement, the central bank said it was lifting some of the restrictions on overseas investments, which were imposed after Russia began…
(Reuters) – U.S. stock index futures extended gains on Friday after data showed annual inflation appeared to have peaked, while strength in consumer spending allayed concerns about a sharp slowdown in economic growth. At 08:45 a.m. ET, Dow e-minis were up 87 points, or 0.27%, S&P 500 e-minis were up 23.5 points, or 0.58%, and…
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The inflation figure the Commerce Department reported Friday was below the four-decade high of 6.6% set in March….
(Reuters) – McDonald’s in Russia has registered possible brand names for the firm taking over its fast-food restaurants there, including “Fun and Tasty” and “The Same One”, patent filings showed on Friday. The world’s largest burger chain, with nearly 850 restaurants in Russia, is selling up to one of its local licensees in response to…
WASHINGTON (AP) — U.S. Secretary of State Antony Blinken said Friday he’s confident Turkey’s objections to Finland and Sweden joining NATO can be overcome swiftly, possibly in time for a summit of alliance leaders at the end of next month. At a news conference in Washington with visiting Finnish Foreign Minister Pekka Haavisto, Blinken said…
BERLIN (AP) — Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond that date. Ministers from the G-7 countries meeting in Berlin also announced a…
By Carolyn Cohn LONDON (Reuters) – U.S. stocks were indicating a higher open on Wall Street and world stocks eyed their first weekly gain in eight on Friday on a more upbeat earnings view and after this week’s Federal Reserve minutes dampened fears of mega-high interest rates. Optimistic U.S. earnings outlooks from department store operator…
(Reuters) – U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast. The Commerce Department’s report at 08:30 a.m. ET is expected to show consumer spending…
SHANGHAI (Reuters) -State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June by one year, according to a transcript seen by Reuters and confirmed by sources who attended an investor call. Shanghai-based Greenland is the first state-backed developer to extend a…
