2022

(Reuters) – Italian confectionary group Ferrero has voluntarily recalled some of its Kinder chocolates from the American shelves for a potential link with salmonella contamination. Kinder Happy Moments Chocolate Assortment and Kinder Mix Chocolate Treats basket are being recalled because they were manufactured in a facility where salmonella was detected, Ferrero North America said on…

By David Lawder WASHINGTON (Reuters) -The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday. The United…

(Reuters) -Amazon.com accused the new union at a New York City warehouse of threatening workers unless they voted to organize, an assertion an attorney for the labor group called “really absurd.” A second labor group, the Retail, Wholesale and Department Store Union (RWDSU), which was losing a bid to organize an Amazon warehouse in Alabama,…

By Kantaro Komiya TOKYO (Reuters) – Japan’s current account balance swung back into the black in February from its second-biggest deficit on record in the previous month, providing some respite for policymakers amid a deterioration in economic fundamentals. Soaring fuel costs and a weak yen have expanded Japan’s trade deficit in recent months, more than…

(Reuters) -Amazon.com accused the new union at a New York City warehouse of threatening workers unless they voted to organize, an assertion an attorney for the labor group called “really absurd.” A second labor group, the Retail, Wholesale and Department Store Union (RWDSU), which lost a bid to organize at an Amazon warehouse in Alabama,…

By Caroline Valetkevitch NEW YORK (Reuters) – Stock indexes mostly rose on Thursday as investors snapped up beaten-down shares, while the U.S. dollar climbed to its highest in nearly two years and the U.S. Treasury 10-year yield touched a three-year high following hawkish signals from the Federal Reserve. Wall Street stocks reversed early declines to…

(Reuters) – Macro funds this year posted their highest first-quarter performance since 1993, as fund managers navigated well amid high volatile markets, a report by hedge fund data provider HFR showed on Thursday. Macro hedge funds, which bet on macroeconomics trends, rose 7.7% in the quarter, according to a macro fund index, helped by skyrocketing…

MILAN (Reuters) -French bank Credit Agricole said on Thursday it has bought a 9.2% stake in Italy’s third-largest bank, Banco BPM. Banco BPM has long been searching for a merger partner and held discussions with Credit Agricole back in 2020 which led nowhere. Italy’s No.2 bank UniCredit had also readied a takeover bid for Banco…

By David Morgan (Reuters) – President Joe Biden’s nominees to the Federal Reserve moved a step closer to confirmation Thursday after U.S. Senate Majority Leader Chuck Schumer entered procedural motions for two of them, setting up for a potential vote after lawmakers return from Easter Break on April 25. The filing of the motions on…