Oil prices gain 2% on falling U.S. stockpiles, Saudi warning
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude…
May 2023
EU, Google To Develop Voluntary AI Pact Ahead Of New AI Rules, EU’s Breton Says
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact…
Key aid group says Taliban signals exemption for women in southern heartland
By Michelle Nichols UNITED NATIONS (Reuters) -An international aid agency in Afghanistan hopes to have an interim arrangement within days…
Fed agreed need for more rate hikes after May meeting was ‘less certain’
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials “generally agreed” last month that the need for further interest rate…
Activist firm Jana eyes boardroom fight at Freshpet
By Svea Herbst-Bayliss NEW YORK (Reuters) – Jana Partners, the biggest investor in pet food company Freshpet , wants to…
PacWest shares slip as debt ceiling concerns overshadow asset sale optimism
(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending…
Yellen: greater concentration among largest banks not desirable
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would…
Murdaugh indicted on fraud charges after South Carolina murder convictions
By Rich McKay (Reuters) – Disbarred South Carolina lawyer Richard “Alex” Murdaugh, already convicted of murdering his wife and son,…
Biden administration backs Google in song lyrics case at Supreme Court
By Blake Brittain (Reuters) -The Biden administration’s U.S. solicitor general said Tuesday that the U.S. Supreme Court should not review…
Citigroup scraps Mexico unit sale, will pursue IPO instead
By Tatiana Bautzer, Saeed Azhar and Isabel Woodford NEW YORK/LONDON (Reuters) – Citigroup Inc scrapped a $7-billion sale of its…