By David Carnevali NEW YORK (Reuters) – Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Birchenough last served as vice chairman of biopharma investment banking at Wells Fargo. A…
By Sinéad Carew NEW YORK (Reuters) – MSCI’s global equity index ended Friday’s session virtually unchanged while the dollar was lower as government data showed that U.S. jobs growth slowed more than expected in June, easing worries about the outlook for Federal Reserve rate hikes. But while investors appeared to hold out hope for a…
By Mike Stone and Nandita Bose WASHINGTON (Reuters) – The United States announced on Friday that it will send Ukraine cluster munitions – prohibited by more than 100 countries – as part of an $800 million security package, a move Ukraine said would have an “extraordinary psycho-emotional impact” on Russian forces. Jake Sullivan, President Joe…
By Nandita Bose and Steve Holland WASHINGTON (Reuters) – The White House on Friday said President Joe Biden and fellow NATO leaders will discuss at next week’s summit what steps Ukraine must complete to join NATO and that Kyiv has additional reforms to make, as it fights Russian invaders. Jake Sullivan, Biden’s national security adviser,…
WASHINGTON (Reuters) – U.S. President Joe Biden said on Friday that his decision to provide Ukraine with cluster munitions was a tough one, but that he believes Kyiv needs the weapons so Russia cannot halt the Ukrainian counteroffensive. “They’re trying to get through those trenches, and stop those tanks from rolling,” Biden said in an…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar slumped on Friday after signs of a less resilient U.S. labor market reduced the outlook for how long the Federal Reserves will keep interest rates higher, while the yen surged on concerns the 10-year Treasury’s yield rose above 4%. The U.S. economy added the…
BRUSSELS (Reuters) – NATO allies have reached agreement to raise the alliance’s target for military spending to at least 2% of national GDP, two diplomats told Reuters late on Friday. The 31 allies agreed on “an enduring commitment to invest at least 2%” of their GDP into their militaries in the future, two diplomats said,…
By Andrea Shalal and Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized its recent tough actions against U.S. companies and mineral export controls, while China’s premier called on her to “meet China halfway” and put bilateral relations back on track. Yellen met with…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6%, to settle at $78.47 a barrel, while U.S. West Texas…
By David Shepardson WASHINGTON (Reuters) -The United Auto Workers union on Friday called on the Biden administration to soften its proposed vehicle emissions cuts that would require 67% of new vehicles to be electric by 2032. The UAW, which represents workers at General Motors, Ford Motor and Chrysler parent Stellantis, said the Environmental Protection Agency’s…
