(Reuters) – New York Federal Reserve Bank President John Williams said on Monday selling mortgage-backed securities could be an option for the central bank to consider down the road in its goal to orient its balance sheet largely around holdings of Treasuries. Williams said MBS sales are not under consideration for the first stages of…
Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand, officials said Monday, marking the first major nationalization of a foreign business since the war in Ukraine began. Renault said it would sell its majority stake in Avtovaz, a Russian car company best known for its…
BOSTON (Reuters) – Proxy advisory firm Institutional Shareholders Services on Monday recommended that McDonald’s Corp shareholders vote for the company’s directors instead of the two candidates activist investor Carl Icahn has proposed. “The dissident campaign has not made a sufficient case, on an issue-specific or broader view of ESG, that the immediate replacement of incumbent…
STOCKHOLM (AP) — Swedish Prime Minister Magdalena Andersson announced Monday that Sweden will join Finland in seeking NATO membership in the wake of Russia’s invasion of Ukraine. The historic shift, which comes after more than 200 years of military nonalignment in the Nordic country, is likely to upset the government of Russian President Vladimir Putin….
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices fell on Monday as widespread lockdowns in China and weak Chinese economic data fuelled fears of a global recession, though the market found some support as the European Union stepped closer to an import ban on Russian crude. Brent crude was down 72 cents, or 0.7%, at…
SHENZHEN, China (Reuters) – European businesses in China are awaiting the next wave of disruption from COVID-19 outbreaks and see little chance of improvement until the country increases vaccination rates, the European Chamber of Commerce in China said on Monday. Shanghai has set out plans to end its COVID lockdown that has lasted more than…
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) -Ryanair said it was impossible to give detailed guidance beyond hoping to return to “reasonable profitability” this year amid uncertainties over COVID-19 and the Ukraine war, knocking its shares after posting a smaller annual loss. Europe’s largest airline by passenger numbers also became the latest Boeing customer…
BRUSSELS (AP) — The European Union has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies. The EU’s gross domestic product will expand 2.7% this year and 2.3% in 2023, the bloc’s executive arm said Monday — its first…
(Reuters) – JetBlue Airways Corp on Monday commenced a hostile all-cash takeover bid for Spirit Airlines Inc, days after the discount carrier rejected an offer from the larger rival. JetBlue, which had earlier offered $33 per share, is locked in a takeover battle for Spirit with Frontier Group Holdings and has argued a deal will…
ANKARA, Turkey — Turkey’s President Recep Tayyip Erdogan on Monday ratcheted up his objection to Sweden and Finland joining NATO. Erdogan accused the countries of failing to take a clear stance against Kurdish militants and of imposing military sanctions on Turkey. “Neither country has an open, clear stance against terrorist organizations,” Erdogan said at a…
