(Reuters) – Wall Street’s main indexes opened higher on Tuesday, as bank shares gained on growing bets of aggressive interest rate increases by the Federal Reserve and sportswear maker Nike rose after upbeat quarterly results. The Dow Jones Industrial Average rose 30.25 points, or 0.09%, at the open to 34,583.24. The S&P 500 opened higher…
By Gavin Jones ROME (Reuters) – A growing number of European countries are cutting fuel taxes to lower surging pump petrol prices. The move brings respite to motorists but environmentalists say it flies in the face of commitments to curb global warming. Rising international oil costs, exacerbated by the war in Ukraine, have driven petrol…
By Devik Jain (Reuters) -The Dow and the S&P 500 were set to open higher on Tuesday, as bank shares gained on growing bets of aggressive interest rate increases by the Federal Reserve and sportswear maker Nike rose after upbeat quarterly results. Traders expects a 67.6% chance of a 50-basis point (bps) rate hike in…
By Alex Lawler LONDON -Oil rose towards $116 a barrel on Tuesday, adding to a 7% surge the previous day, supported by supply risks from a potential European Union oil embargo on Russia and concern about attacks on Saudi oil facilities. European Union foreign ministers are split on whether to join the United States in…
(Reuters) -Canadian Pacific Railway Ltd and union Teamsters Canada Rail Conference have agreed to a binding arbitration over a labour dispute, allowing for operations to resume from Tuesday at the country’s second-largest railroad. The company halted operations and locked its workers out early on Sunday, sparking calls for a quick negotiated end to the work…
By Brenda Goh and Stella Qiu SHANGHAI (Reuters) – China Eastern Airlines faces deepening losses and closer regulatory scrutiny following the crash of a Boeing 737-800 jet on Monday with 132 people on board. Rescuers on Tuesday scoured heavily forested slopes for survivors and data recorders from flight MU5735, which crashed a day earlier in…
By Ross Kerber BOSTON (Reuters) – Investors, including several who run environmentally focused funds, welcomed the U.S. government’s proposed new rule on corporate disclosure of climate-related risks and emissions, saying it would standardize reports that now are voluntary and vary widely in quality and breadth. The investors said the U.S. Securities and Exchange Commission’s draft…
By Elizabeth Howcroft LONDON (Reuters) – European stock indexes opened slightly higher on Tuesday, while U.S. and European government bond yields rose to new multiyear highs as investors adjusted their expectations for rate hikes following hawkish comments from the U.S. Federal Reserve. Fed Chair Jerome Powell said that the central bank could move “more aggressively”…
PRAGUE (Reuters) – The war in Ukraine and supply bottlenecks will put a significant burden on Skoda Auto’s operating business in 2022, the Czech carmaker said on Tuesday, although it expects the supply of semiconductors to improve in the second half of the year. The carmaker, part of the Volkswagen Group and the Czech Republic’s…
(Reuters) – European shares rose on Tuesday, buoyed by energy stocks extending a rally on the back of higher oil prices and gains for banks following hawkish comments from the U.S. Federal Reserve chair. The pan-European STOXX 600 edged up 0.2% after a lacklustre start to the week. The European oil & gas sector index…
