By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures rose $1.77, or 2.5%, to settle at $74.03 a barrel….
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. Powell, speaking at a European Central…
(Reuters) – White House national security adviser Jake Sullivan has been in touch with Moscow to discuss the respective Russian and U.S. embassies, and the two sides are in talks on the subject, Foreign Minister Sergei Lavrov said on Wednesday. The two countries’ embassies have been severely and reciprocally scaled down in recent years as…
By Michael Martina and Gram Slattery WASHINGTON (Reuters) -China criticized U.S. presidential contender Nikki Haley over her threats to drastically limit Sino-U.S. trade relations, saying those who blamed Beijing for problems would end up on the “ash heap of history.” Haley, a U.N. ambassador during the Trump administration, staked out one of the most hawkish…
By Kanishka Singh WASHINGTON (Reuters) – The United States and China agreed to consider expanding commercial flights between the two countries to improve people-to-people contact, the top U.S. diplomat for East Asia, Daniel Kritenbrink, said on Wednesday. He told a Center for Strategic and International Studies think tank event in Washington that the countries agreed…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation but still believe they can achieve that without triggering outright recessions. U.S. Federal Reserve Chairman Jerome Powell kept consecutive interest rate hikes…
By Johan Ahlander and Sameer Manekar LONDON (Reuters) -Zeekr, Geely Automobile’s electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden, joining a growing number of Chinese EV makers launching vehicles in Europe. Deliveries for the Zeekr 001 estate and the Zeekr X SUV…
By David Gauthier-Villars and Aram Roston (Reuters) – U.S. technology company Extreme Networks Inc said last year it had suspended all business activities in Russia to show solidarity with the people of Ukraine “living under attack.” But Reuters has found that, as the publicly-traded U.S. firm was unwinding its Russia operations, its most senior manager…
(Reuters) – Authorities in Kazakhstan have detained a Russian cybersecurity expert wanted by the United States, his employer said on Wednesday, as authorities in Moscow said they would also seek his extradition. Nikita Kislitsin, an employee of Russian cybersecurity firm F.A.C.C.T., was detained on June 22 and Kazakh authorities are considering Washington’s extradition request, the…
SINTRA, Portugal (Reuters) – Bank of England Governor Andrew Bailey said last week’s rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, sticking closely to his message after the BoE raised rates to 5% from 4.5%. “The cumulative data – both particularly on the labour market and on the inflation release we…
