Oil plunges 4% as interest rate hikes outweigh lower US oil supplies
By Stephanie Kelly NEW YORK (Reuters) -Oil futures fell about 4% on Thursday, as a bigger-than-expected Bank of England rate…
Economy
Italy’s TIM enters into exclusive talks with KKR over grid sale
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Telecom Italia (TIM) has granted U.S. fund KKR a period of exclusive…
Brazil traders hold bets on August interest rate cut despite doubts
BRASILIA (Reuters) -Brazilian financial markets on Thursday showed many traders still betting the central bank will kick off a cycle…
Recent rate hikes should also be passed on to savers – ECB’s De Guindos
MADRID (Reuters) – Recent interest rate hikes by the European Central Bank should be fully transmitted to savers and reflected…
US Senate advances Chile tax treaty, paving way for ratification
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile,…
Fed’s Powell says rate hikes will come at a “careful pace” from here
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Thursday the central…
Spirit AeroSystems to halt work at Wichita plant as union votes to strike
By Valerie Insinna, Abinaya V and Shivansh Tiwary PARIS (Reuters) -Spirit AeroSystems will suspend factory production on Thursday at its…
US banks push back as regulators prepare international capital hikes
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks are pushing to soften a major regulatory proposal to hike bank capital requirements,…
Turkey delivers big rate hike to 15% but U-turn still underwhelms
By Ali Kucukgocmen and Can Sezer ISTANBUL (Reuters) -Turkey’s central bank hiked its key rate by 650 basis points to…
New orders and supply chain progress as Paris Airshow grapples with pandemic aftermath
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – The first Paris Airshow in four years…