By Shadia Nasralla LONDON (Reuters) -Oil prices were broadly stable on Friday and were set for a second week of declines as concern over oil demand growth outweighed Saudi output cuts. Brent crude futures dipped 18 cents, or 0.3%, to $75.78 a barrel by 1334 GMT, while U.S. West Texas Intermediate crude was down 27…
(Reuters) -Here is a list of additional legal troubles facing Donald Trump, who has been indicted by a federal grand jury for retaining classified government documents and obstruction of justice, according to a lawyer for the former U.S. president and another source familiar with the matter. He denies any wrongdoing. 2020 ELECTION AND THE U.S….
(Reuters) – UBS and the Swiss government agreed on Friday on how they will share losses linked to the bank’s emergency takeover of Credit Suisse, clearing the way for the deal to close in the coming days. Here are some of the key points of the agreement: * The guarantee covers a volume of around…
TORONTO (Reuters) – Canada’s economy lost a net 17,300 jobs in May, entirely in full-time work, and the jobless rate rose to 5.2%, Statistics Canada data showed on Friday. Analysts had forecast an increase of 23,200 jobs, and that the jobless rate would rise to 5.1%. Employment in the goods producing sector grew by a…
By Wendell Roelf CAPE TOWN (Reuters) – South African prosecutors on Friday significantly increased the number of charges they are bringing against Rwandan ex-police officer Fulgence Kayishema, who is wanted internationally for suspected participation in Rwanda’s 1994 genocide. On the run for two decades, Kayishema was arrested on May 24 under a false name on…
(Reuters) – U.S. equity funds had their biggest weekly outflow in 10 weeks in the seven days to June 7 as investors, worried about rising inflation and an economic slowdown, pulled out their money. The upcoming release of U.S. inflation data next week added to investors’ caution as it could potentially influence the Federal Reserve’s…
By Kanishka Singh and Brad Brooks WASHINGTON (Reuters) -The shroud of polluted air emanating from Canadian wildfires pushed further down the Atlantic Seaboard on Thursday, blanketing Washington, D.C., in an unhealthy haze and prompting many residents of the nation’s capital to stay indoors. Traffic was light and trains less crowded than usual as many companies…
(Reuters) – Retail trading in U.S. stocks is starting to pick up again after months of slowdown, data showed, as the hype around artificial intelligence (AI) and a tamer interest-rate outlook prove hard to resist. U.S. inflows from individual traders hit their highest in three months last week, averaging at $1.36 billion per day, Vanda…
MOSCOW (Reuters) -Russia’s central bank said the likelihood of an interest rate hike at future policy meetings had grown as inflationary pressures intensify, despite it leaving its key rate at 7.5% as expected on Friday. Annual inflation, which spiked to over 20-year highs in 2022, has slowed to below the bank’s 4% target in recent…
By Jeff Mason WASHINGTON (Reuters) – The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China. Australia, Britain, Canada, Japan, and New Zealand jointly released the…
