(Reuters) -The Russian rouble steadied near 104 to the dollar on Monday and OFZ treasury bonds returned to trading, albeit in a volatile fashion, while investors kept an eye on Russia’s ability to service state debt and pay the coupon on its Eurobond. The rouble gained 0.8% to 104 against the dollar in Moscow trade…
WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides this would be necessary to slow rampaging inflation. Powell’s message was more hawkish than his comments were after last week’s Fed meeting,…
By Joseph White DETROIT (Reuters) – General Motors Co President Mark Reuss said Monday the automaker is confident in its 2022 outlook and its plans to accelerate the launch of a new Cadillac electric vehicle, despite intensifying global supply chain risks. The geopolitical risks posed to automotive supply chains by the war in Ukraine are…
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Treasury yield curve is increasingly pointing to the risk of an approaching recession, with markets clearly doubting the U.S. Federal Reserve’s plan to engineer a “soft landing” for the economy as it hikes interest rates to fight inflation. The yield gap between 10-year and two-year Treasuries…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward comments from U.S. Federal Reserve Chair Jerome Powell and from a host of other Fed policymakers this week for insight on monetary policy. The greenback had been fluctuating between slight gains…
LONDON (AP) — Nazanin Zaghari-Ratcliffe said Monday that memories of her daughter helped sustain her through almost six years of captivity in Iran as she appealed for the release of fellow hostage Morad Tahbaz, who was left out of the deal that brought her home. Zaghari-Ratcliffe, who was released last week after the U.K. settled…
SAN FRANCISCO (AP) — More than 500 workers at a Chevron Corp. refinery in the San Francisco Bay Area went on strike early Monday over safety concerns and to demand a salary increase to keep up with inflation and the area’s high cost of living. The strike affecting the refinery in the city of Richmond…
(Reuters) – Shares of U.S. planemaker Boeing Co and its suppliers fell on Monday as a 737-800 aircraft of China Eastern Airlines, with 132 people on board, crashed in the mountains of southern China. The plane crashed after a sudden descent from cruising altitude. Media reported that rescue workers had found no sign of survivors….
SILVER SPRING, Md. (AP) — Nielsen shares tumbled 16% at the opening bell Monday after the TV ratings and marketing data company rejected a $9 billion takeover bid from a group of private equity firms. Nielsen said that the offer of $25.40 per share “significantly undervalues” the New York City company. It said late Sunday…
LONDON (Reuters) – Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries’ unprecedented sanctions over Moscow’s actions in Ukraine. Paying external holders last week means Russia swerved its first default, for now, since a…
