By Alun John HONG KONG (Reuters) – Asian shares retreated on Thursday in line with a global selloff, as markets were spooked by more aggressive noises from U.S. policymakers about the need for tighter monetary policy, which also kept the dollar near a two-year peak. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.53%…
By Sonali Paul MELBOURNE (Reuters) – Oil prices clawed back some losses on Thursday after tumbling more than 5% to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia. Brent crude futures climbed $1.32, or 1.3%, to $102.39 a…
By Tom Westbrook SINGAPORE (Reuters) – The dollar hovered near a two-year high against a basket of currencies on Thursday, after meeting minutes showed the Federal Reserve preparing to move aggressively to head off inflation. The U.S. dollar index, which measures the greenback against six majors, touched its highest since May 2020 overnight at 99.778…
By Jamie Freed (Reuters) -A Boeing Co 737 MAX meant for China Eastern Airlines subsidiary Shanghai Airlines is flying from Guam to Shanghai on Thursday, flight tracking websites showed, amid uncertainty over when the model will resume flying in China. Flight BOE631 comes more than three weeks after the first 737 MAX bound for a…
By Hari Kishan and Shrutee Sarkar BENGALURU (Reuters) – The U.S. dollar will remain dominant for now so long as the Federal Reserve stays a hawkish course on interest rate hikes and its intentions to unload some of its pandemic-related bond purchases, according to a Reuters poll of forex strategists. The dollar index, which gained…
By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – Wall Street’s main indexes fell on Wednesday, with steep declines in tech and other growth stocks, after minutes from the Federal Reserve’s March meeting sharpened investors’ focus on the U.S. central bank’s plans to fight inflation. The tech-heavy Nasdaq logged a decline of over…
By David Milliken LONDON (Reuters) – More than one in five bankers earning at least 125,000 pounds ($164,000) a year in Britain have benefited from non-domiciled tax status, as have many high-paid workers in other sectors, a study showed on Thursday. Non-dom status – which exempts more than 75,000 mostly foreign nationals in Britain from…
JetBlue Airways executives explained to Wall Street on Wednesday why they’re offering to pay $3.6 billion for Spirit Airlines, a proposed combination that has received a chilly reception from investors. JetBlue doesn’t want Spirit’s ultra-low-cost business model, and certainly it doesn’t want Spirit’s last-place ranking in government-compiled customer complaints. But it does want Spirit’s fleet…
(Reuters) -Meta Platforms Inc is readying plans to introduce virtual tokens and cryptocurrencies to its family of apps with an aim to use such virtual tokens for rewarding creators and lending and other financial services, the Financial Times reported on Wednesday. The move, which is reported to be in its early stages, comes as Meta…
By Carolyn Cohn, Pamela Barbaglia and Valentina Za LONDON (Reuters) -A rebel investor in Generali could mount a legal challenge if his bid to appoint new top executives at Italy’s largest insurer loses by a narrow margin in a shareholder vote this month, a candidate for the chairman’s role said. In an interview with Reuters,…
