By Martin Coulter LONDON (Reuters) -UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told Reuters the company strongly denied the executive – European policy…
By Francesco Canepa and Lindsay Dunsmuir STOCKHOLM (Reuters) -Some of the world’s top central bankers aired concerns about being expected to tackle climate change as well as tame inflation on Tuesday, with Federal Reserve chief Jerome Powell saying the U.S. central bank needed to stay out of politics. “We should ‘stick to our knitting’ and…
HOUSTON (Reuters) – Chevron Corp’s first cargo of Venezuelan crude after a U.S. license received in November has departed from a ship-to-ship transfer hub near Aruba to its Pascagoula, Mississippi refinery, according to shipping data seen by Reuters on Tuesday. (Reporting by Marianna Parraga; Editing by Gary McWillims)
By Manya Saini and Niket Nishant (Reuters) -Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since last year. The company, whose shares were up 3.3% at $39.52, said it…
By Luiza Ilie and Gergely Szakacs BUCHAREST (Reuters) – Romania’s 25 basis point rate hike on Tuesday may signal an end to Central Europe’s aggressive 18-month campaign of monetary tightening but persistently tight local labour markets and other obstacles still litter the path towards lower inflation. The relatively modest move consolidated a view among economists…
By Svea Herbst-Bayliss NEW YORK (Reuters) -An investor with a large stake in Venator Materials Plc has asked for board seats, criticizing the chemical company’s poor financial performance and a 96% drop in its share price, in a letter it sent to the board on Tuesday. J&T MS 1 SICAV owns 14.3% of Venator and…
(Reuters) -Bed Bath & Beyond Inc on Tuesday reported a quarterly loss of about $393 million after a tough holiday season that it hoped would provide a financial cushion to its months-long cash burn. The company did not say if it would file for bankruptcy after saying last week it was working with outside advisers…
By Marc Jones LONDON (Reuters) – Morgan Stanley has bumped up its China growth, stock market and yuan forecasts again, becoming the latest Wall Street heavyweight to do so as the country rapidly dismantles two years of tight COVID-19 restrictions. The bank’s moves included raising its Chinese economic growth forecast 0.3 percentage points to 5.7%,…
By Saeed Azhar, Niket Nishant and Lananh Nguyen NEW YORK (Reuters) – U.S. banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking. Four American banking giants — JPMorgan Chase & Co, Bank of America Corp, Citigroup…
(Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural gas prices and the reopening of China’s borders. “We maintain our view that Euro area growth will be weak over the winter months…
