U.S. oil stocks at Cushing delivery hub hit 2-year peak
By Stephanie Kelly and Nia Williams NEW YORK (Reuters) – U.S. crude oil inventories at the Cushing, Oklahoma, storage hub…
Business
VW investors question how Xinjiang plant audit will be run
By Victoria Waldersee BERLIN (Reuters) – While investors welcomed Volkswagen’s decision to audit its jointly-owned plant in Xinjiang, China, some…
Nasdaq expects expanded markets to justify $10.5 billion Adenza merger price tag
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza…
Japan’s Cosmo wins unconventional vote on ‘poison pill’ against activist
By Makiko Yamazaki TOKYO (Reuters) -Cosmo Energy Holdings’ shareholders approved a “poison pill” takeover defence on Thursday, in a controversial…
Accenture signals more pain for IT industry with disappointing forecast
(Reuters) -Accenture fanned concerns about dwindling IT spending on Thursday with a quarterly revenue forecast that was below Wall Street…
US existing home sales edge up but prices drop by most since 2011
(Reuters) – U.S. existing home sales ticked higher in May to snap a two-month skid with condominium sales accounting for…
Fed’s Bowman says more rate increases needed
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Gov. Michelle Bowman said Thursday that “additional policy rate increases” will…
IMF has hit $100 billion target of SDRs for vulnerable countries – Georgieva
PARIS (Reuters) – The International Monetary Fund has reached its target of making $100 billion in special drawing rights available…
Big central banks are still hiking rates but eye the end
LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even…
Investors keep bets on U.S. rates soon topping out, despite Powell’s hawkishness
By Davide Barbuscia NEW YORK (Reuters) -A hawkish tilt from Federal Reserve Chair Jerome Powell hasn’t been enough to convince…