By Marc Jones LONDON (Reuters) – Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble. Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are…
By Sheila Dang (Reuters) -Elon Musk filed a motion on Friday opposing Twitter Inc’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial in…
By Laila Kearney NEW YORK (Reuters) – Oil gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production. The comment during U.S. President Joe Biden’s Middle East visit comes at…
WASHINGTON (Reuters) -U.S. President Joe Biden on Friday signed an executive order creating an emergency board to help resolve disputes between major freight rail carriers and their unions, in a move that could help loosen up some supply chain constraints. The order came ahead of a deadline next week to intervene in nationwide U.S. railroad…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Friday, ending several days of sell-offs with a rebound fueled by upbeat earnings, strong economic data and easing fears of a larger-than-expected interest rate hike by the Federal Reserve. All three major U.S. stock indexes posted solid gains, with financials leading the…
By Helena Soderpalm STOCKHOLM (Reuters) -Crisis hit airline SAS said on Friday negotiations with pilots to secure new working terms and make savings that will allow it to secure its future will start again on Saturday. A majority of SAS pilots in Sweden, Denmark and Norway walked out on July 4 after negotiations over conditions…
By Sumeet Chatterjee and Lawrence White HONG KONG/LONDON (Reuters) – HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two people with knowledge of the matter said. Ping An…
SIGHISOARA, Romania (AP) — Moldova received about 600 million euros in pledges at a donors conference Friday, an official said, to help the tiny country overcome rising inflation and the impact of Russia’s war in Ukraine. More than 500,000 refugees have fled to Moldova, which borders Ukraine, since the Russian invasion on Feb. 24. The…
By Laila Kearney NEW YORK (Reuters) -Oil was up 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production. The comment during U.S. President Joe Biden’s Middle East visit comes at…
By Tom Hals and Hyunjoo Jin (Reuters) -The judge overseeing Twitter Inc’s $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor…
