By Sonali Paul and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks’ aggressive rate hikes and China’s COVID-19 curbs weighed on demand. Brent crude futures rose 27…
MEXICO CITY (Reuters) – Candy maker Hershey Co will spend $90 million to open two new production lines in a Mexican plant in the northern border state of Nuevo Leon, the state said in a statement Thursday. The expansion of the plant will increase output by 25%, according to the release issued after an event…
NEW YORK (AP) — A key decision over whether Donald Trump’s social media platform Truth Social will merge with a cash-rich company and get $1.3 billion to take on Twitter has been put off for another month. The potential partner, Digital World Acquisition Corp., on Thursday postponed a shareholder vote to extend by a year…
By Sonali Paul MELBOURNE (Reuters) – Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week on worries that central banks’ aggressive rate hikes and China’s COVID-19 curbs will hurt demand. Brent crude futures slipped 12 cents, or…
By Isabel Woodford MEXICO CITY (Reuters) -Mexican economic growth is expected to hit 3% in 2023, up from 2.4% this year, amid cooling inflation, the federal government’s budget document showed on Thursday, above the Bank of Mexico’s growth forecast of 1.6% for the coming year. The budget forecast tax revenues of 4.6 trillion pesos ($231…
By Michelle Price WASHINGTON (Reuters) – Companies that help facilitate transactions in the cryptocurrency market should register with the U.S. Securities and Exchange Commission (SEC) just like other market intermediaries, the agency’s chair said on Thursday. Gary Gensler said intermediaries in the crypto market provide a range of functions regulated by the SEC, including operating…
OMAHA, Neb. (AP) — Major freight railroads, in a bid to apply pressure on unions and Congress, say a strike that could come after a key deadline passes next week would cost the economy more than $2 billion a day and disrupt deliveries of all kinds of goods and passenger traffic nationwide. The Association of…
WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.89% from 5.66% last week. That’s the highest the long-term rate has been…
(Reuters) – Wireless carrier T-Mobile US Inc on Thursday announced a $14 billion share buyback program that will run till September next year, as it seeks to reward shareholders after faring better than rivals. Its shares advanced 2.8% to $149.47 in aftermarket trading. The stock has jumped 25.3% for the year so far, compared with…
By Carolina Mandl (Reuters) – Wall Street’s main indexes posted gains on Thursday mainly lifted by financial institutions and healthcare companies, as investors digested hawkish remarks from policymakers that cemented bets of a large interest rate hike later this month. Indexes bounced back and forth in a choppy trading as concerns over Federal Reserve’s next…
