By Arathy Somasekhar HOUSTON (Reuters) -Oil prices eased 1% on Monday on the increasing likelihood of more U.S. interest rate hikes, but crude supply cuts from top oil exporters Saudi Arabia and Russia limited the losses. Brent crude futures settled down 78 cents, or 1%, at $77.69 a barrel after touching their highest level in…
(Reuters) -Carl Icahn disclosed on Monday he restructured $3.7 billion in personal loans to remove a link between his obligation to post collateral and his holding company’s share price, buoying the stock which had been battered following an attack by short-seller Nathan Anderson. Shares of Icahn Enterprises LP (IEP) had dropped as much as 64%…
By Ludwig Burger and Maggie Fick (Reuters) -The European Medicines Agency (EMA) is investigating Novo Nordisk’s diabetes drug Ozempic and weight-loss treatment Saxenda after Iceland’s health regulator flagged three cases of patients thinking about suicide or self-harm. Shares of the Danish drugmaker fell 1% on Monday following the news. An EMA safety committee is looking…
(Reuters) -Shares of Surf Air Mobility are expected to start trading on the New York Stock Exchange during the week of July 24, the electric aviation and regional air travel company said on Monday. The company had earlier set a date on or about July 11, according to its filing with the U.S. Securities and…
By David Shepardson WASHINGTON (Reuters) -The White House will brief senators Tuesday on artificial intelligence in a classified setting as lawmakers consider adopting legislative safeguards on the fast-moving technology. The 3 p.m. ET briefing, organized by Senate Democratic Leader Chuck Schumer and other senators, will be the first-ever classified Senate briefing on AI and will…
By Andrew Osborn and Mark Trevelyan MOSCOW (Reuters) – President Vladimir Putin has held Kremlin talks with Wagner mercenary group founder Yevgeny Prigozhin and his commanders to discuss the armed mutiny Wagner attempted to mount against the army’s top brass, Putin’s spokesman said on Monday. The meeting was first reported by French newspaper Liberation, which…
By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Monday that still-strong levels of underlying inflation pressures are pointing the central bank toward more rate rises. “The economy has shown more underlying strength than anticipated earlier this year, and inflation has remained stubbornly high, with progress on core inflation…
By Sabine Siebold VILNIUS (Reuters) -NATO allies on Monday reached agreement on defence plans detailing how the alliance would respond to a Russian attack, overcoming a Turkish hurdle one day before leaders meet for a summit in Vilnius, five diplomats told Reuters. NATO had for decades seen no need for large-scale defence plans, as it…
SANTIAGO (Reuters) -Latin America and the Caribbean received record flows of foreign direct investment (FDI) last year, a United Nations report showed on Monday, mostly into services, manufacturing and energy as spending recovered after the pandemic. The report by the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) found that FDI, or income…
By Giuseppe Fonte ROME (Reuters) – Italy has collected around 2.8 billion euros ($3.07 billion) from this year’s windfall tax on energy companies, people familiar with the matter told Reuters on Monday. The tax take is slightly above government expectations. The Treasury in December estimated the levy would yield around 2.6 billion euros. A Treasury…
