By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy…
By Jeff Mason, Steve Holland and Simon Lewis WASHINGTON (Reuters) -President Joe Biden on Monday said a brief uprising by Russian mercenaries against the Kremlin was part of a struggle within the Russian system and that the United States and its allies were not involved in it. Biden offered a cautious assessment of unfolding events…
By Simon Lewis WASHINGTON (Reuters) – The U.S. State Department on Monday said the situation in Russia remains dynamic days after an aborted mutiny, and said it does not have any assessment about the whereabouts of the boss of Russia’s Wagner mercenary group, Yevgeny Prigozhin. “It is a certainly a new thing to see President…
By Mimosa Spencer PARIS (Reuters) – Gucci owner Kering said on Monday it had struck a deal to buy high-end French fragrance label Creed, its first acquisition since flagging intentions earlier this year to create an in-house cosmetics business. “The acquisition clearly marks a major step for Kering Beaute, allowing it to reach critical mass…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose against the rouble on Monday, although it had pulled back from the 15-month high hit earlier in the session, while the Japanese yen gained modestly against the greenback following comments from the country’s top currency diplomat. After last being seen on Saturday night, the leader…
(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and 2 billon pounds in revenue by 2024-2025, the Financial Times reported on Monday. The luxury carmaker, which had the capacity to sell 10,000-15,000 models a year, will likely sell “maybe 17 (thousand) at its peak…
By Shariq Khan BENGALURU (Reuters) -Oil prices rose slightly in choppy trading on Monday, as investors balanced concerns about global demand growth against upcoming supply disruptions that could be exacerbated by political instability in Russia. Brent crude futures rose 33 cents, or 0.5%, to settle at $74.18 a barrel, while U.S. West Texas Intermediate (WTI)…
(Reuters) – KPMG is laying off 5% of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said on Monday. The firm had over 39,000 employees in the U.S. at the end of its last fiscal year on Sept. 30. KPMG,…
By Jonathan Cable LONDON (Reuters) – The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves tricker to bring down than had been expected, according to economists polled by Reuters. Last week, the central bank surprised investors by…
By Tiemoko Diallo and Judicael Yongo BAMAKO/BANGUI (Reuters) – A revolt by the Wagner militia in Russia poses a diplomatic quandary for Mali and Central African Republic (CAR), where forces from the mercenary group have played an increasingly central role in long-running internal conflicts. As the Wagner fighters barrelled towards Moscow after seizing a southern…
