Reuters

(Reuters) -Pfizer Inc said on Monday it was recalling some lots of blood pressure drug Accuretic and two authorized cheaper versions of the drug due to the presence of elevated levels of a nitrosamine, a potential cancer-causing impurity. Pfizer said https://www.pfizer.com/news/press-release/press-release-detail/pfizer-voluntary-nationwide-recall-lots-accuretictm it has not received any reports of adverse events related to the drug till…

BUENOS AIRES (Reuters) – South Korean steelmaker Posco said on Monday it will invest $4 billion in a new lithium mining project in Argentina, as the company seeks to tap into soaring demand for the key rechargeable battery metal. The announcement came right after the company met with local government officials. The funds will be…

NEW YORK (Reuters) – Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy meeting in May, after hawkish comments from Fed Chair Jerome Powell. Powell said on Monday the Fed must move “expeditiously” to bring too-high inflation to heel, and will, if…

By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from U.S. Federal Reserve Chair Jerome Powell that opened the door for the central bank to take a more aggressive monetary policy path. The greenback had been fluctuating between slight gains and…

By Ann Saphir and Lindsay Dunsmuir (Reuters) -The U.S. central bank must move “expeditiously” to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, and will, if needed, use bigger-than-usual interest rate hikes to do so. “The labor market is very strong, and inflation is much too high,” Powell told a…

By Kate Abnett and Susanna Twidale BRUSSELS/LONDON (Reuters) – Proposals from southern European countries to intervene in energy markets have highlighted the difficulty facing an EU summit this week as it seeks to respond to record prices driven by Russia’s invasion of Ukraine. The 27 EU-member states are responsible for their own national energy policies….

(Reuters) -Several Apple Inc services including Apple Music, the iCloud storage service, Apple TV and Apple Store were down for thousands of users on Monday. The company’s system status page showed 11 ongoing outages including podcasts, music and arcade. It said Apple was investigating the issue and services may be slow or unavailable. According to…

By Paresh Dave and Julia Love (Reuters) -Alphabet Inc’s Google has settled with six current and former employees who had alleged the company unfairly stifled worker organizing, an abrupt ending to a trial that had been paused for several months, legal filings show. The U.S. National Labor Relations Board had pursued the case on behalf…

(Reuters) -The Russian rouble steadied near 104 to the dollar on Monday and OFZ treasury bonds returned to trading, albeit in a volatile fashion, while investors kept an eye on Russia’s ability to service state debt and pay the coupon on its Eurobond. The rouble gained 0.8% to 104 against the dollar in Moscow trade…

By Joseph White DETROIT (Reuters) – General Motors Co President Mark Reuss said Monday the automaker is confident in its 2022 outlook and its plans to accelerate the launch of a new Cadillac electric vehicle, despite intensifying global supply chain risks. The geopolitical risks posed to automotive supply chains by the war in Ukraine are…