(Reuters) – Wall Street’s main indexes opened lower on Thursday as fresh data underscored strength in the U.S. economy and aggravated concerns over the Federal Reserve’s continued policy tightening. The Dow Jones Industrial Average fell 143.13 points, or 0.43%, at the open to 33,233.35. The S&P 500 opened lower by 25.18 points, or 0.65%, at…
By Dietrich Knauth and Andrew Goudsward (Reuters) – Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford to repay all of its debts. FTX declared bankruptcy on Nov. 11, collapsing…
By David Shepardson and Aishwarya Nair WASHINGTON (Reuters) -Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. The extreme weather coincided with the start of a holiday travel season that could be one of the busiest ever. The Federal Aviation Administration said Thursday…
By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON (Reuters) – Private equity funds are rethinking how they pull off large deals after a 40.4% contraction in global buyout activity amid a shortage of debt financing caused by rising interest rates and banks’ reluctance to open their money taps. Blackstone’s acquisition of Emerson’s Climate Technologies business…
By Alexander Marrow, Elena Fabrichnaya and Maria Kiselyova MOSCOW (Reuters) -The Bank of Russia on Thursday agreed to sell bailed-out Otkritie Bank to the country’s No.2 lender, state-owned VTB, for 340 billion roubles ($4.7 billion), in a deal expected to close by the end of the year. The transaction consists of 233 billion roubles in…
MOSCOW (Reuters) – Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an EU embargo on Russian oil took effect, according to traders and Reuters calculations. Traders said Russia has been unable to fully redirect Urals exports from…
By Shadia Nasralla LONDON (Reuters) -Oil prices climbed for a fourth straight day and hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures gained $1.17, or 1.4%, to trade at…
(Reuters) – U.S. stock futures were subdued on Thursday after Wall Street’s main indexes staged a rally in the previous session, with investors awaiting jobs data to assess the strength of the labor market. The Labor Department’s report at 8:30 a.m. ET is expected to show the number of Americans filing for state unemployment benefits…
BRUSSELS (Reuters) – Short-term accommodation services company Airbnb must provide information in rental contracts to tax authorities and withhold tax under a national tax regime, the European Union’s top court ruled on Thursday. The ruling comes in response to a challenge from Airbnb to an Italian law from 2017 requiring Airbnb and other short-term rental…
SHANGHAI (Reuters) – Tesla Inc has tapped China chief Tom Zhu to troubleshoot production engineering challenges in the United States, according to two people with knowledge of the matter. They are working on upcoming projects, including the Cybertruck, the people said, adding that Zhu’s colleagues in China believe he is being groomed for a bigger…
