By Harry Robertson and Alun John LONDON (Reuters) -Germany’s two-year bond yield jumped to its highest level in 15 years on Thursday, rising back above the peak it hit in March before jitters in the banking system rocked global markets. The new milestone was reached during a sharp sell-off in bonds in the euro zone,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. interest rate futures on Thursday saw an increased probability of another rate increase by the Federal Reserve in November after news private payrolls surged last month, suggesting a still tight and strong labor market. The benchmark fed funds futures factored in a 47% chance of a hike…
By Dmitry Zhdannikov, Ron Bousso and Shadia Nasralla VIENNA (Reuters) -The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices. Some western governments have announced plans to scale back…
By Elvira Pollina MILAN (Reuters) – Silvio Berlusconi’s eldest children Marina and Pier Silvio will together control the business empire founded by the former prime minister, according to the terms of his will which was made public on Thursday. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business,…
By Chinekwu Osakwe (Reuters) – U.S. law firm Paul Hastings said Thursday that it has hired two partners from rival Goodwin Procter as practice leaders in New York and Washington, D.C. Seo Salimi is departing Goodwin after more than eight years to co-lead Paul Hastings’ equity capital markets and corporate life sciences practices in New York….
WASHINGTON (Reuters) – The Pentagon holds a strategic U.S. stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson said on Thursday, after China announced export restrictions on the two metals used in semiconductors. “The (Defense) Department is proactively taking steps using Defense Production Act Title III authorities to increase domestic mining…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada recorded a surprise trade deficit in May, a sign economic growth may be slowing, as energy and grains dragged down exports and unwrought precious metals and motor vehicles contributed to a surge in imports. The country’s trade deficit with the world was C$3.44 billion ($2.59…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said Thursday that there was a case for a rate rise at the June policy meeting, in comments that affirmed her view that more rate increases will be needed to cool off a still strong economy. “It would have been…
By Krystal Hu (Reuters) -Global tech investor Insight Partners has raised $118 million in its second 20/20 Vision Capital fund that aims to invest in venture capital funds led by diverse managers, the firm told Reuters. This new fund expands a strategy Insight first started in 2020, after its own employees pledged $15 million of…
WASHINGTON (Reuters) -Six companies that make snacks with the active ingredient of cannabis have been sent cease and desist letters because the packaging looks too much like foods that kids love, including “Stoneos” that mimic Oreo cookies, the U.S. Federal Trade Commission (FTC) said on Wednesday. The letters were sent by the FTC and Food…
