By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as a bigger-than-expected drop in U.S. crude stockpiles offset worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures were up $1.31, or 1.8%, to $73.57 a barrel at 11:15 a.m. EDT (1515 GMT), while…
(Reuters) – U.S. conglomerate Honeywell said on Wednesday it had agreed to acquire Swedish aerospace firm Saab’s heads-up display (HUD) assets to strengthen its avionics unit. The HUDs will be integrated into aircraft cockpit systems, adding features such as wide field-of-view, high image resolution, low system latency and lower weight. The HUD system helps pilots…
SAO PAULO (Reuters) -Brazil’s annual population growth slowed over the past decade to its lowest since records began 150 years ago, the government statistics agency said on Wednesday, as people in one of the world’s most populous countries have fewer children. Latin America’s largest nation had 203,062,512 inhabitants in August 2022, the Brazilian Institute of…
By Oliver Hirt and Noele Illien (Reuters) – UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards keeping the domestic operations of its fallen rival, according to a person familiar with the discussions. UBS could axe around 30% of its combined workforce,…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda on Wednesday said the central bank would see good reason to shift monetary policy if it became “reasonably sure” that inflation would accelerate into 2024 after a period of moderation. The BOJ expected inflation to slow “for a while”…
By Eric Onstad LONDON (Reuters) – Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has demanded $8.4 million in damages from commodity trader Trafigura in a claim linked to an ongoing alleged nickel fraud case, a court document showed. Earlier this month, England’s court website showed that London-based Hyphen Trading filed…
PRAGUE (Reuters) – The lower house of the Czech parliament gave strong backing to a defence treaty with NATO ally the United States on Wednesday in an initial reading, signalling the agreement would be ratified in the coming weeks or months. The Defence Cooperation Agreement (DCA) sets a framework for a potential U.S. military presence…
By Paul Sandle LONDON (Reuters) -Activision Blizzard said its studio that developed “Call of Duty” would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft’s $69 billion acquisition of the company in May. The U.S. company said on Wednesday its game developer Infinity Ward, which created…
PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria, a company spokesperson said on Wednesday. The Italian-French carmaker will now engage in discussions on how to support the 300 employees at the mechanical gearbox plant, the spokesperson added. Demand…
PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria, a company spokesperson said on Wednesday. The Italian-French carmaker will now engage in discussions on how to support the 300 employees at the mechanical gearbox plant, the spokesperson added. Demand…
