MIAMI (AP) — The Biden administration has renewed a license partially exempting Chevron from sanctions on Venezuela so it can keep operating in the oil-rich, socialist-run nation. The license issued Friday by the U.S. Treasury Department allows the California-based Chevron and other U.S. companies to perform only basic upkeep of wells it operates jointly with…
WASHINGTON (Reuters) -The U.S. House of Representatives’ oversight panel called on five gunmakers to hand over details on the manufacturing, marketing and sales of firearms used in mass shootings, the committee’s chairwoman said on Friday following recent attacks. House Oversight Committee Chairwoman Carolyn Maloney requested the data in letters sent Thursday to Daniel Defense, Bushmaster,…
By Elizabeth Dilts Marshall NEW YORK (Reuters) – World shares rose and the dollar weakened on Friday after data showed that U.S. consumer spending rose in April and the uptick in inflation slowed, two signs the world’s largest economy could be on track to grow this quarter. Consumer spending, which accounts for more than two-thirds…
By Karin Strohecker and Sujata Rao LONDON (Reuters) – The lapse of a key U.S. license allowing Russia to make payments on its sovereign debt to U.S. holders has put the prospect of the country defaulting on its sovereign debt back into focus. Russia is due to pay $100 million in interest on two sovereign…
By Sujata Rao and Saikat Chatterjee LONDON (Reuters) – Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are betting, having steadily dialled back expectations of where U.S. and British interest rates might peak. The equivalent of a half-point rate hike from the Federal Reserve has…
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…
