(Reuters) – Global equity funds continued to record outflows in the seven days to Sept. 14 as a higher than expected reading on U.S. inflation raised bets that the Federal Reserve would remain aggressive in raising interest rates for longer. Some investors had expected that U.S. CPI report would show an easing in inflation in…
MUNICH (AP) — Oktoberfest is back in Germany after two years of pandemic cancellations — the same bicep-challenging beer mugs, fat-dripping pork knuckles, pretzels the size of dinner plates, men in leather shorts and women in cleavage-baring traditional dresses. But while brewers are more than glad to see the return of the Bavarian capital’s sudsy…
By Shadia Nasralla LONDON (Reuters) -Oil prices were broadly steady on Friday but on track for a weekly decline on fears of sharp interest rate increases expected to curb global economic growth and fuel demand. Brent crude futures were up 25 cents, or 0.3%, at $91.09 a barrel by 0921 GMT but were down 1.9%…
By Tim Hepher MARIGNANE, France (Reuters) – Airbus Helicopters expects new orders and deliveries to keep growing this year, its chief executive told Reuters, as a scramble for new energy supplies and higher military spending accelerate a recovery in the long-sluggish rotary-wing sector. Cushioned by critical public services, helicopter demand suffered less of a battering…
By Farah Master HONG KONG (Reuters) -Macau’s government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world’s biggest gambling hub, kicking off a closely watched battle for six available slots. Macau’s top officials including the city’s Economy and Finance secretary Lei Wai…
Uber said Thursday that it reached out to law enforcement after a hacker apparently breached its network. A security engineer said the intruder provided evidence of obtaining access to crucial systems at the ride-hailing service. There was no indication that Uber’s fleet of vehicles or its operation was in any way affected. “It seems like…
Wall Street closed out the stock market’s worst week in three months with more losses Friday, as a stark warning from FedEx about rapidly worsening trends in the economy rattled already anxious investors. The S&P 500 fell 0.7%, with all but two of its 11 company sectors ending in the red. The benchmark index sank…
BEIJING (AP) — Chinese consumer spending and factory output edged up in August but still were weak, official data showed Friday, and forecasters warned the second-largest economy is vulnerable to repeated shutdowns of cities to fight virus outbreaks. Housing sales plummeted while prices edged lower, adding to a slide in real estate activity under pressure…
BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday. Two subsidiaries of Russian oil giant Rosneft — Rosneft Deutschland GmbH and RN Refining & Marketing GmbH — will be put under the…
By Hannah Lang and Michelle Price WASHINGTON (Reuters) – Banks’ cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter. A slew…
