By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. Brent crude futures rose 85 cents, or 1.1%, to settle at $76.84 a barrel, while the U.S. West Texas…
By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Global equities retreated and benchmark U.S. Treasury yields eased off two-month highs on Tuesday as talks over the U.S. debt ceiling continued without resolution. Hawkish comments from Federal Reserve officials about the possibility of further rate hikes sent the U.S. dollar to a two-month high. Oil…
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co on Tuesday sought to shift blame for failing to snuff out sex crimes committed by the late Jeffrey Epstein, accusing the U.S. Virgin Islands of harboring and shielding the disgraced financier as he abused young women and girls over two decades. The largest U.S. bank…
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another round of…
(Reuters) -A Russian court on Tuesday extended for three months the pre-trial detention of Wall Street Journal reporter Evan Gershkovich, who was arrested in March on espionage charges, which he and his employer deny. The FSB security service arrested Gershkovich, a U.S. citizen, on March 29 in the Urals city of Yekaterinburg accusing him of…
By Anthony Deutsch and Stephanie van den Berg AMSTERDAM (Reuters) – Ukraine is investigating the alleged role of Belarus in the forced transfer of children from Russian-occupied territories, the office of the prosecutor general told Reuters on Tuesday. The announcement came in response to a report by the exiled Belarusian opposition alleging that 2,150 Ukrainian…
BERLIN (Reuters) – The European Central Bank needs to continue raising interest rates to tame the highest inflation in decades, Deutsche Bank CEO Christian Sewing said on Tuesday. “This poison must go out,” he said, referring to inflation at an event in Berlin. He warned that inflation weakens consumption and hinders growth in the long…
(Reuters) – Ukraine’s State Security Service (SBU) said it has launched a criminal investigation into Andrei Ruzinsky, a Russian commander Reuters identified last year as helping lead the military occupation of eastern Ukraine. Ruzinsky was commander of the Russian Baltic Fleet’s 11th Army Corps, which crossed into Ukraine in early 2022 and took control of…
FRANKFURT (Reuters) – The European Central Bank will need to raise interest rates “several” more times and then must hold rates steady for some time before inflation is fully tamed, Bundesbank President Joachim Nagel said on Tuesday. The ECB has lifted rates by a combined 375 basis points since last July and promised further policy…
ZURICH (Reuters) – Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following an order issued on Tuesday by the Swiss Finance Ministry. The order affects the top three levels of Credit Suisse management and follows the multi-billion franc state rescue of Switzerland’s second biggest bank. Governments rarely…
