By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% to a near three-month high on Monday on tightening supply, rising U.S. gasoline demand, hopes for Chinese stimulus measures and technical buying. Brent futures rose $1.67, or 2.1%, to settle at $82.74 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.67, or…
(Reuters) – New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research firm S&P Global Mobility said on Monday. S&P projects new light vehicle sales to reach 1.33 million units in July, up 18% year-over-year. It also…
By Laura Matthews New York (Reuters) – The dollar clung to gains against the euro on Monday after recent economic data showed a stronger U.S. economy and a slowing euro zone as traders look beyond a trio of central bank meetings this week for clues to the outlook for monetary policy. A closely-watched purchasing managers’…
By Johan Ahlander and Tom Little MALMO (Reuters) -Climate activist Greta Thunberg was forcibly removed by police from a protest in the southern Swedish city of Malmo on Monday just hours after a local court fined her for disobeying a police order during a similar protest last month. Thunberg, 20, who became the face of…
By Steve Scherer and David Ljunggren OTTAWA -Canada’s Liberal Prime Minister Justin Trudeau is planning to reshuffle his cabinet this week, likely replacing ministers deemed to have struggled in their posts or who are not planning on running again in the next election, two government sources said. Trudeau has periodically reshuffled his cabinet since taking…
By Joan Faus and Belén Carreño BARCELONA/MADRID (Reuters) -Spain’s conservative People’s Party (PP) has started talks with other parties to seek their support to lead a new government while the ruling Socialist (PSOE) party said it wanted to avoid a repeat ballot after Sunday’s election produced a hung parliament. PP leader Alberto Nunez Feijoo hailed…
DUBAI/COPENHAGEN (Reuters) -Iraq condemned the burning of a copy of the Koran in front of its embassy in Denmark on Monday and said Danish staff at the embassy in Baghdad had left the country after protests there, while Copenhagen said it had “not withdrawn from Iraq”. Demonstrations have raged across Iran and Iraq after Denmark…
BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas’ abandoned collaboration with rapper Ye should reduce the sportswear giant’s expected operating loss this year to 450 million euros ($498.56 million), the company said on Monday. The update is likely to cheer investors betting that CEO Bjorn Gulden, at the helm since Jan….
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said on Monday it was ending its policy of unannounced visits to taxpayers by agency revenue officers, reversing a decades-long practise to “reduce public confusion and enhance overall safety measures for taxpayers and employees.” “Effective immediately, unannounced visits will end except in a…
By Pablo Mayo Cerqueiro, Echo Wang and David French LONDON/NEW YORK (Reuters) – Accelerant is planning to raise fresh capital next year in a deal that could result in the specialty insurance provider making its debut on the stock market, its CEO and co-founder told Reuters on Monday. The Cayman Islands-based group, which counts sports…
