Exclusive: Aramco Trading Plans To Absorb Motiva Trading Ahead Of Possible IPO
By Julia Payne LONDON (Reuters) – Saudi Aramco is planning to merge two energy trading units, people familiar with the…
Headlines
Volkswagen-led Consortium Obtains 87.38% Of Europcar Shares In Takeover Bid
BERLIN (Reuters) – Volkswagen-led consortium Green Mobility Holdings has acquired 87.38% of France’s Europcar, enough to give it control over…
Fed attacks inflation with its largest rate hike since 1994
WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by…
Growth Stocks Lift Wall Street Ahead Of Fed’s Rate Decision
By Anisha Sircar and Devik Jain (Reuters) – Wall Street’s main indexes climbed more than 1% on Wednesday, boosted by…
ECB Promises New Instrument To Support Indebted Members
By Balazs Koranyi and Francesco Canepa FRANKFURT/MILAN (Reuters) -The European Central Bank promised fresh support and a new scheme on…
Russia again cuts natural gas exports thru European pipeline
BERLIN (AP) — Russia’s Gazprom announced a reduction in natural gas flows through a key European pipeline for the second…
U.S. Import Prices Increase Solidly In May
WASHINGTON (Reuters) – U.S. import prices increased solidly in May amid higher prices for petroleum products, but there were tentative…
Retail sales in May slip 0.3% amid surging inflation
NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation…
US report: Nearly 400 crashes of automated tech vehicles
DETROIT (AP) — Automakers reported nearly 400 crashes over a 10-month period involving vehicles with partially automated driver-assist systems, including…
Oil Prices Stable Ahead Of Expected U.S. Interest Rate Hike
By Rowena Edwards LONDON (Reuters) -Oil prices were stable on Wednesday as the market juggled fears of tight supply with…