By Stephanie Kelly NEW YORK (Reuters) – Oil prices steadied on Thursday, paring losses from the previous session, after a top Russian official said global oil markets were balanced. Russian Deputy Prime Minister Alexander Novak said OPEC+ does not see the need for further oil output cuts but is always able to adjust its policy….
By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on Russia’s domestic security service FSB and the intelligence unit of Iran’s Revolutionary Guard Corps (IRGC) accusing them of being responsible or complicit in the wrongful detention of Americans overseas. The sanctions also targeted four senior commanders within IRGC’s IO,…
By Tom Westbrook SINGAPORE (Reuters) – China’s yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar. In the past day alone, data showed that more cross-border transactions with China were settled in yuan in March…
By Sam Tobin LONDON (Reuters) -Queen Elizabeth knew that Rupert Murdoch’s UK newspaper arm had been spying on her family and their friends, and authorised her staff to “draw a line” under the issue, according to an email released on Thursday in a lawsuit by her grandson Prince Harry. Harry is suing Murdoch’s News Group…
By Giuseppe Fonte ROME (Reuters) – Italy is working on imposing a “solidarity” levy on its banks to fund relief measures for families hit by the cost of living crisis, a source familiar with the matter told Reuters. The levy is expected to be part of wider package of measures to be discussed by Italy’s…
By Richa Naidu LONDON (Reuters) – Despite some signs inflationary pressures are easing, Unilever warned on Thursday of big increases in the prices of dairy, soybean oil, cocoa and sugar in the first half of this year – potentially bad news for fans of its Ben & Jerry’s Half Baked ice cream. Unilever, which is…
PARIS (Reuters) – Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares said on Thursday. If the entire electric vehicle market were to experience lower prices, Stellantis would adapt and adjust its costs, Tavares said during a plant visit in Metz. (Reporting by Gilles Guillaume, writing by…
By Alexander Marrow (Reuters) – The rouble steadied on Thursday, with the market looking ahead to Friday’s interest rate decision, as favourable month-end tax payments propped the Russian currency up amid a significant drop in oil prices. By 1322 GMT, the rouble was 0.2% stronger against the dollar at 81.44 and had gained 0.6% to…
(Reuters) – Industrial conglomerate Honeywell International Inc raised its full-year profit and revenue forecasts on Thursday, after posting a quarterly results beat on strength in its aviation unit. Shares of the company, which makes everything from engines to cockpit components, were up 2.4% at $195.50 before the bell. Aviation suppliers such as Honeywell and General…
MADRID (Reuters) – The Spanish government intends to lower the budget deficit to the equivalent to 3% of gross domestic product in 2024 from 3.9% projected for this year, Budget Minister Maria Jesus Montero said on Thursday. The plan means Spain should reach the 3% level usually considered healthy for public finances one year earlier…
