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…
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…
By Francesco Guarascio BRUSSELS (Reuters) -The European Commission, the EU executive, formally proposed on Friday its latest package of sanctions against Moscow, including an import ban on Russian gold, and legal tweaks to prevent current measures from hampering food shipments. First reported by Reuters in June, the new measures are considered “a maintenance and alignment…
Wells Fargo, the nation’s largest mortgage lender, saw its second-quarter revenue and profit decline as rising interest rates pushed people out of the housing market. The San Francisco bank earned $3.1 billion in the period, or 74 cents per share, coming up short of the 80 cents per share forecast by analysts surveyed by data…
