By Rowena Edwards LONDON (Reuters) -Oil prices stabilised on Wednesday following declines earlier as the U.S. dollar eased ahead of a crucial interest rate decision by the U.S. Federal Reserve. Brent crude futures, which have risen by around 3% this week, were up 18 cents or 0.24%, at $75.50 a barrel at 1331 GMT. U.S….
By Valerie Insinna WASHINGTON (Reuters) -Boeing Co. will take additional charges to the KC-46 tanker program due to a supplier quality issue with the center fuel tank, the company’s finance chief said Wednesday. Boeing Chief Financial Officer Brian West did not disclose the precise value of the additional charges, which will be announced as part…
BEIJING (Reuters) – China will strengthen its policy guidance to support advanced manufacturing, Premier Li Qiang was quoted as saying by state radio on Wednesday. The world’s second-biggest economy is under increasing pressure from the United States, which has cited national security in restricting access to Chinese semiconductors and artificial intelligence technology. “As the situation…
By David Milliken and William Schomberg LONDON (Reuters) – British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday. Economists polled by Reuters had forecast that…
(Reuters) – U.S. stock index futures fell on Wednesday in the run-up to a crucial interest rate decision by the Federal Reserve, which is widely expected to raise rates by a quarter percentage point despite the recent turmoil in the banking sector. The Fed’s two-day monetary policy meeting will end at 2 p.m. ET (1800…
(Reuters) – Tencent Holdings reported a drop in annual revenue for the first time ever, as China’s economic slowdown due to the pandemic and a long-running regulatory crackdown took a toll. The world’s largest video game company and the operator of the WeChat messaging platform turned in a revenue of 554.55 billion yuan for 2022,…
By William Schomberg and David Milliken LONDON (Reuters) – British consumer price inflation unexpectedly rose to 10.4% in February, pushed up by drinks prices in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest decision on interest rates Economists polled by Reuters had forecast that the…
(Corrects para 5 to say market is pricing in 85% chance of 25 bps hike and 15% chance of no increase, not the other way around) A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors…
SEOUL (Reuters) -South Korea’s trade ministry said on Wednesday that the United States’ proposed rules to prevent $52 billion in chip funding from being used by “countries of concern” will not force recipients to shut down their China factories. The U.S. Commerce Department on Tuesday proposed limits for recipients of U.S. chip manufacturing and research…
By Wayne Cole SYDNEY (Reuters) – Asian shares staged a cautious bounce on Wednesday with hopes a global banking crisis would be averted vying with uncertainty over the outlook for U.S. interest rates as the Federal Reserve holds a high-stakes meeting on policy. Efforts by U.S. Treasury Secretary Janet Yellen to calm nerves seemed to…
