By Kantaro Komiya TOKYO (Reuters) – Japan’s industrial output likely fell for a second month in January as the fast spread of the Omicron COVID-19 variant disrupted car production, a Reuters poll showed. While the coronavirus outbreak is on a downtrend, concerns loom for a current-quarter contraction as the Ukraine-Russia crisis fuels fresh uncertainties for…
By Howard Schneider and Leika Kihara (Reuters) -The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been thrown into doubt by Russia’s invasion of Ukraine, a geopolitical upheaval likely to be felt differently across the world’s major economic centers. Risks policymakers face globally include a near immediate spike in the price…
By Steve Holland, Jeff Mason and Nandita Bose WASHINGTON (Reuters) -President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia’s ability to do business in major currencies along with sanctions against banks and state-owned enterprises. Biden described Russian President Vladimir Putin as an aggressor with…
BEIJING (Reuters) – Oil prices soared nearly $2 per barrel in early trade on Friday as Russia’s invasion of Ukraine continued to inflame global supply concerns as markets brace for the impact of trade sanctions on major crude exporter Russia. Global benchmark Brent crude rose $1.99, or 2%, to $101.07 a barrel around 0155 GMT…
By Alun John HONG KONG (Reuters) – The euro was struggling to recover from its plunge the previous day in early Asia trading on Friday, after Russia’s invasion of Ukraine had hit the common European currency and sent investors scrambling to the safety of the dollar, yen and Swiss franc. Russia’s rouble also tumbled overnight,…
U.S. shoppers are giving plant-based burgers a pass. Plant-based meat company Beyond Meat said Thursday that its sales dropped in the fourth quarter due to weak U.S. retail demand. It was the third quarter in a row that the company’s U.S. retail sales saw double-digit declines. El Segundo, California-based Beyond Meat said its net revenue…
WASHINGTON (AP) — Federal Reserve Governor Christopher Waller said Thursday he is willing to support a half-point interest rate hike at the central bank’s next meeting in March if upcoming data suggests inflation is worsening. Waller’s comments, in a speech at the University of California, Santa Barbara, underscore the range of opinion among Fed officials…
By Svea Herbst-Bayliss (Reuters) – Hedge fund Sachem Head Capital Management has taken a stake in Anaplan Inc and may decide to press the business planning software company to make changes, two sources familiar with the matter told Reuters. The position is said to be comprised of common shares and cash settled swaps, putting Sachem…
By Julia Love (Reuters) – A group of Amazon.com Inc workers seeking to form a union in New York filed a charge with U.S. labor regulators on Thursday after a high-profile organizer and a pair of employees were arrested outside a company warehouse, according to documents obtained by Reuters. Amazon organizer Christian Smalls told Reuters…
NEW YORK (Reuters) -The California State Teachers’ Retirement System (CalSTRS), the second largest U.S. pension fund, said on Thursday it had investments in Russia and was monitoring potential risks to its portfolio after Russia’s invasion of Ukraine. “CalSTRS will follow any relevant financial sanctions levied by the United States Government,” a spokesperson said in an…
