(Adds word entertainment in paragraph 15 to make clear the reference is to entertainment clients, not all clients) By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Before Hollywood writers walked off the job in early May, Pam Elyea’s prop house History for Hire filled an average of 53 requests per week for everything from…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation but still believe they can achieve that without triggering outright recessions. U.S. Federal Reserve Chairman Jerome Powell kept consecutive interest rate hikes…
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as a bigger-than-expected drop in U.S. crude stockpiles offset worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures were up $1.31, or 1.8%, to $73.57 a barrel at 11:15 a.m. EDT (1515 GMT), while…
PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria, a company spokesperson said on Wednesday. The Italian-French carmaker will now engage in discussions on how to support the 300 employees at the mechanical gearbox plant, the spokesperson added. Demand…
(Reuters) – Wall Street opened lower on Wednesday, pressured by a report the U.S. could curb sales of artificial intelligence (AI) chips to China, while investors awaited Federal Reserve Chair Jerome Powell’s speech for clues on the interest rate outlook. The Dow Jones Industrial Average fell 45.36 points, or 0.13%, at the open to 33,881.38….
(Reuters) – Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday. Britain-based Imagen, which owns the Screenocean video distribution platform, operates digital content libraries for sports, media and business companies including Premier League…
By Paul Sandle LONDON (Reuters) -Activision Blizzard said its studio that developed “Call of Duty” would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft’s $69 billion acquisition of the company in May. The U.S. company said on Wednesday its game developer Infinity Ward, which created…
BEIJING (Reuters) – About 90% of Boeing’s China 737 MAX fleet have resumed commercial operation as of the end of June, the U.S. aircraft maker said on its official WeChat account on Wednesday. Some planes have been dispatched to regional international routes, Sherry Carbary, president of Boeing China, said in the article. China grounded its…
By Alex Lawler LONDON (Reuters) -Oil rallied on Wednesday after an industry report of a larger-than-expected drop in U.S. crude inventories suggested robust demand and helped offset worries over further interest rate hikes. Crude stocks fell by about 2.4 million barrels, market sources said, citing data from industry group American Petroleum Institute (API) ahead of…
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares climbed on Wednesday after robust U.S. data soothed concerns about a steep economic slowdown, while investors awaited commentary from central bankers at a forum expected later in the day for further policy direction. The pan-European STOXX 600 index was up 0.6% by 0826 GMT, tracking overnight…
