LONDON (Reuters) – The U.S. Federal Reserve is close to the end of its interest rate hiking cycle, while the European Central Bank on Thursday slowed the pace of its aggressive tightening. Turmoil in the banking sector, particularly in the United States, is adding to central banks’ difficulties, leaving them juggling the need to control…
By Alexander Marrow (Reuters) -The Russian rouble climbed sharply to a more-than-one-month high on Thursday, gaining for a fifth straight session, as oil prices steadied after a recent slide, somewhat countering the impact of reduced foreign currency supply. By 1326 GMT, the rouble had firmed 1.6% against the dollar to 77.94, its strongest mark since…
By Krystal Hu (Reuters) – Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian e-commerce platform said on Thursday. It has sold its logistics unit, including Deliverr Inc, a company it acquired for $2.1 billion less…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday posted first-quarter net profit of $9.65 billion as strong earnings from trading and higher liquefied natural gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-expected profits followed a string of forecast-beating results from rivals including BP…
By Aleksandar Vasovic BELGRADE (Reuters) -Shocked Serbians mourned the nine victims of their nation’s first mass school shooting on Thursday while teachers demanded better security and two wounded pupils fought for their lives. The suspected shooter, a 13-year-old boy, surrendered on Wednesday, police said, after taking two of his father’s handguns to kill eight pupils…
By Susan Heavey and Doina Chiacu WASHINGTON (Reuters) – The United States dismissed Russia’s allegation on Thursday that Washington was behind what it said was a drone attack on the Kremlin, saying Moscow’s assertion was a lie. “Obviously it’s a ludicrous claim,” White House national security spokesman John Kirby said hours after Russia blamed the…
By Toby Sterling, Christoph Steitz and Markus Wacket AMSTERDAM/BERLIN (Reuters) – Talks on a planned sale of Dutch state-owned electricity grid operator TenneT’s German unit to Berlin have hit a hitch over price, the company’s outstanding bonds and offshore infrastructure, people familiar with the matter said. The sale would be one of Europe’s biggest deals…
LONDON (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them last summer and the central bank…
FRANKFURT (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight against stubbornly high inflation in the euro zone. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them…
By Manuel Ausloos ON THE FRONTLINE IN DONETSK REGION, Ukraine (Reuters) – After months of living in trenches and bunkers near Ukraine’s southeastern frontlines, Artem and his fellow soldiers have lost the fear they once felt. The war ebbs and flows for the 30-year-old volunteer from a small town near Chernihiv, in the north of…
