By Simon Lewis and David Brunnstrom TOKYO (Reuters) -Long-time allies the United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. Japanese media said the so-called economic “two-plus-two” ministerial meeting in Washington was expected to agree on…
By Shadia Nasralla LONDON (Reuters) -Oil prices rose in European trading on Friday as attention turned to next week’s OPEC+ meeting and expectations that it will dash U.S. hopes for a supply boost. Brent crude futures for September settlement, due to expire on Friday, gained $3.06 to trade at $110.20 a barrel by 1325 GMT…
By Uday Sampath Kumar and Jessica DiNapoli (Reuters) -Procter & Gamble Co forecast full-year earnings below analysts’ estimates on Friday, as the maker of Tide detergent struggles with surging transportation and commodity costs, sending its shares down about 4% in premarket trading. Andre Schulten, P&G’s chief financial officer, also warned in a call with media…
ODESA, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy visited a Black Sea port Friday to watch crews prepare to export grain trapped by Russia’s five-month-old war, a week after a deal was struck to allow critical food supplies to flow to millions of impoverished people facing hunger worldwide. “The first vessel, the first ship is…
WASHINGTON (AP) — Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs. An inflation gauge closely tracked by the Fed jumped 6.8% in June from…
NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities. On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion. The sky-high profits come…
By Huw Jones LONDON (Reuters) – Some of Britain’s top listed companies could be downplaying risks from climate change on their bottom line and could face “appropriate action”, regulators said on Friday. Trillions of dollars have flowed into stocks and bonds of companies which tout their environmental, social and governance (ESG) credentials, leaving regulators worried…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending. The top U.S. oil producer reported second-quarter net income of $17.9 billion, or $4.21 per share, an almost four-fold increase over the…
By Julien Ponthus PARIS (Reuters) – French bank BNP Paribas reported better than expected profit in the second quarter after bad loan provisions dipped and business remained buoyant in both investment and retail banking, amid torrid global markets and an economic slowdown. France’s biggest-listed lender said on Friday its net income rose 9.1% year-on-year to…
LONDON (AP) — Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s war in Ukraine, but the economy managed better-than-expected, if meager, growth in the second quarter. Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an…
