Oil prices gain 2% on falling U.S. stockpiles, Saudi warning
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude…
Business
Fed agreed need for more rate hikes after May meeting was ‘less certain’
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials “generally agreed” last month that the need for further interest rate…
Activist firm Jana eyes boardroom fight at Freshpet
By Svea Herbst-Bayliss NEW YORK (Reuters) – Jana Partners, the biggest investor in pet food company Freshpet , wants to…
PacWest shares slip as debt ceiling concerns overshadow asset sale optimism
(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending…
Yellen: greater concentration among largest banks not desirable
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would…
Biden administration backs Google in song lyrics case at Supreme Court
By Blake Brittain (Reuters) -The Biden administration’s U.S. solicitor general said Tuesday that the U.S. Supreme Court should not review…
Citigroup scraps Mexico unit sale, will pursue IPO instead
By Tatiana Bautzer, Saeed Azhar and Isabel Woodford NEW YORK/LONDON (Reuters) – Citigroup Inc scrapped a $7-billion sale of its…
Fed’s Waller: inverted yield curve may signal belief in falling inflation
(Reuters) – Federal Reserve Governor Christopher Waller on Wednesday said that while inverted yield curves in the context of stable…
Deutsche, Citi admit anti-competitive bond market activity in UK probe
By Sinead Cruise and Amy-Jo Crowley LONDON (Reuters) -Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on…
Analysis-Global pension funds eye currencies for additional returns
By Laura Matthews NEW YORK (Reuters) – Expectations for lower returns in stocks and bonds are sending some pension funds…