By Julie Gordon OTTAWA (Reuters) -Canada’s economic growth was not as robust as expected in the first quarter, dragged by lower export volumes, official data showed on Tuesday, though activity was bang-on central bank projections and unlikely to sway plans for an oversized rate hike in June. The Canadian economy grew at an annualized rate…
LONDON (Reuters) – Sell in May? They certainly did, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest monthly swings in recent times. There was plenty of selling in the first half of the month across asset classes, driven by…
BUDAPEST, Hungary (AP) — Hungary’s divisive leader has once again got his own way with the European Union — this time in tough negotiations on Russian oil at a summit in Brussels. And nationalist Prime Minister Viktor Orban wasn’t shy about trumpeting his success in leveraging the bloc to win significant concessions, allowing his country…
By Layli Foroudi PARIS (Reuters) -A top airline industry official called on Tuesday for calm surrounding recent travel chaos at some airports as people resume flying after the pandemic, blaming the gridlock on temporary delays in getting clearances for new staff. A snapback in air travel has triggered reports of long queues at some British…
(Reuters) – U.S. stock index futures fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus turning to talks between U.S. President Joe Biden and Fed Chair Jerome Powell later in the day. As U.S. traders returned from a long weekend, European shares slipped and Brent…
BRUSSELS (AP) — The European Union’s groundbreaking decision to ban nearly all oil from Russia to punish the country for its invasion of Ukraine is a blow to Moscow’s economy, but its effects may be blunted by rising energy prices and other countries willing to buy some of the petroleum, industry experts say. European Union…
BERLIN (AP) — Authorities in Germany raided the offices of Deutsche Bank and its subsidiary DWS on Tuesday following claims that it was exaggerating the sustainable credentials of some of the products it sold. German news agency dpa quoted Frankfurt prosecutors saying the probe focused on allegations of investment fraud, but no specific suspects had…
By Shadia Nasralla LONDON (Reuters) -Oil prices extended a bull run on Tuesday after the EU agreed to a partial and phased ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand ahead of the peak U.S. and European summer driving season. Brent crude for July, which expires on Tuesday,…
ROME (Reuters) – UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that talks with Italy’s Treasury over the sale of state-owned bank Monte dei Paschi di Siena could resume. “The negotiations are over, I’m sorry about that, but they’re over,” Orcel told RaiNews24 television channel after attending the Bank of Italy’s annual general meeting…
SLOVIANSK, Ukraine (AP) — Russian forces in a “frenzied push” have seized half of Sievierodonetsk, the eastern Ukrainian city that is key to Moscow’s efforts to complete the capture of the industrial Donbas region, the mayor said Tuesday. “The city is essentially being destroyed ruthlessly block by block,” Oleksandr Striuk said. He said heavy street…
