By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell 2% on Tuesday after soaring by more than $5 barrel in the previous session, weighed by fears that an economic slowdown will hit oil demand, though tight supply and a weaker dollar curbed some losses. Brent crude futures for September settlement were down $1.64, or 1.5%, at…
KYIV, Ukraine (AP) — Russian missiles struck cities and villages in eastern and southern Ukraine on Tuesday, hitting homes, a school and a community center as Russian President Vladimir Putin traveled to discuss a U.N.-backed proposal to unblock exports of Ukrainian grain. In Kramatorsk, a city in eastern Ukraine’s Donetsk province that is considered a…
(Reuters) -Jefferies Financial Group said on Tuesday it plans to reduce the size of its merchant banking portfolio as part of a restructuring aimed at focusing on its global investment banking business. The plan includes spinning off its holdings in Vitesse Energy before the end of this year to create a new publicly traded oil…
FARNBOROUGH, England (AP) — Airplanes are a minor contributor to global greenhouse-gas emissions, but their share is sure to grow as more people travel in coming years — and that has the aviation industry facing the prospect of tighter environmental regulations and higher costs. The industry has embraced a goal of reaching net-zero greenhouse-gas emissions…
Johnson & Johnson rode sales of the cancer treatment Darzalex and other key drugs to a better-than-expected second quarter, but exchange rates again pinched the health care giant’s 2022 forecast. After trimming its forecast in April citing exchange rates, the company did so again Tuesday to a range below analyst expectations. Johnson & Johnson, which…
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Tuesday it has signed two memorandums of understanding with BAE Systems PLC to expand their footprint in the global defense market, according to a statement. The first memorandum established a partnership between BAE Systems and Embraer to collaborate in Middle Eastern markets for the C-390…
ROME (AP) — The Vatican has centralized and overhauled its investment strategy after a botched deal lost tens of millions of euros, imposing a policy that prohibits investments in products such as pornography and weapons and prioritizes prudent investing in industries that promote the common good. The new policy announced Tuesday by the Secretariat for…
SEATTLE (AP) — Dominique Davis was inside a Seattle-area church one day in March 2021 when a man with a handgun opened fire during a meeting of Community Passageways, a group he founded that works to curb gun violence. The gunman shot 19-year-old Omari Wallace several times before fleeing. Wallace, who was attending an orientation…
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Americans’ financial health held up well in the second quarter even as inflation sent gas and grocery bills higher and ate into savings for the first time since the pandemic, U.S. bank executives said. Second quarter spending and deposit data from the country’s largest lenders including JPMorgan…
By Sarah Wu, Jane Lanhee Lee and Kevin Krolicki TAIPEI/SHANGHAI/SINGAPORE (Reuters) – From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a…
