By Foo Yun Chee BRUSSELS (Reuters) – Advent-owned NielsenIQ is set to secure EU antitrust clearance for its proposed acquisition of German market research firm GfK on the condition GfK sells its consumer panel business, people familiar with the matter said. U.S. consumer market research company NielsenIQ, which is present in more than 90 markets…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Before Hollywood writers walked off the job in early May, Pam Elyea’s prop house History for Hire filled an average of 53 requests per week for everything from period-appropriate cameras and luggage to camping gear and snow globes. Weekly orders this year now average 26…
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 Balazs Koranyi SINTRA, Portugal (Reuters) – Euro zone inflation is so persistent that interest rate hikes beyond July may still be needed, Slovenian policymaker Bostjan Vasle said, joining a growing camp of policymakers making the case for even tighter policy. The ECB has raised rates by 4 percentage points in the past year, the…
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…
By Andrew Goudsward (Reuters) – Bankrupt cryptocurrency exchange FTX sued one of its former top lawyers, accusing him of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. The complaint, filed on Tuesday in U.S. Bankruptcy Court in Delaware, describes Daniel Friedberg, a former chief compliance officer at…
By Jorgelina do Rosario LONDON (Reuters) – The International Monetary Fund executive board will meet on July 12 to complete the first review of its $1.3 billion extended fund facility (EFF) programme for Zambia, according to people with direct knowledge of the matter. The board meeting comes after Africa’s second-biggest copper producer clinched a deal…
WASHINGTON (Reuters) – The U.S. public debt burden will reach 181% of economic output in 2053, the Congressional Budget Office said on Wednesday, a slight improvement over recent long-term projections due to discretionary spending caps enacted as part of the recent deal to raise the federal debt ceiling. The nonpartisan CBO said that U.S. budget…
ZURICH (Reuters) -Swiss inflation is proving broader-based and more persistent than initially thought, Swiss National Bank Governing Board member Andrea Maechler said on Wednesday, reiterating the central bank’s commitment to fighting price rises. Inflation had originally been triggered by oil price rises, supply chain disruptions and tight labour markets after the COVID pandemic, but had…
By Jody Godoy (Reuters) – A months-long battle between retail investors and AMC Entertainment Holdings over a stock conversion plan will come to a head on Thursday at an unusual two-day court hearing in Delaware that may be critical to the cinema chain’s survival. A judge on the Court of Chancery will consider approving a…
