By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE (Reuters) – Boeing Co will strictly adhere to the export controls and restrictions that have been announced governing work in Russia, the U.S. airplane manufacturer’s Chief Executive said on Thursday. Chicago-based Boeing said earlier this week it was suspending parts, maintenance and technical support for Russian airlines…
By Julie Gordon and David Ljunggren OTTAWA (Reuters) – The Bank of Canada has “considerable space” left to raise interest rates this year, Governor Tiff Macklem said on Thursday, and did not rule out a rare 50-basis-point move if needed to rein in hot inflation. The central bank, increasingly concerned about spiking prices, hiked rates…
(Reuters) – Credit Suisse has named Saad Rawra as its head of clean-energy technology banking and Canadian head of diversified industries group to help drive the Swiss bank’s growing global energy tech franchise, according to a memo seen by Reuters. Rawra will be based in Toronto and report to Credit Suisse Canada CEO Ron Lloyd…
By Howard Schneider WASHINGTON (Reuters) – Russia’s war in Ukraine could hit the U.S. economy across a variety of channels from higher prices to dampened spending and investment, Federal Reserve Chair Jerome Powell said Thursday, though it is unclear what the ultimate impact will be. “What we know so far is that commodity prices have…
MOSCOW (Reuters) – No restrictions stopping people from paying debts in foreign currency to a foreign company or bank have been introduced, Russia’s central bank said in a question and answer page on its website, last updated on Thursday. (Reporting by Reuters in Moscow; Editing by Toby Chopra)
By Jonathan Stempel (Reuters) – The Sackler family owners of Purdue Pharma LP reached a deal with nine attorneys general to pay up to $6 billion in cash to resolve widespread litigation alleging that they fueled the opioid epidemic, bringing the OxyContin maker closer to exiting bankruptcy. The deal was revealed on Thursday in a…
NEW YORK (Reuters) – Citigroup is uncertain how long it will be able to keep its operations in Ukraine running and is concerned about a cyber attack by Russia, Chief Executive Jane Fraser said in an interview with CNBC. “I don’t think any of us know how long we will be able to keep going…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to their lowest level this year last week, while layoffs declined sharply in February, indicating that the labor market recovery was gaining steam. The upbeat reports on Thursday bode well for February’s employment report on Friday. Economists are…
By Marwa Rashad, Samia Nakhoul and Ghaida Ghantous DUBAI (Reuters) – Saudi Arabia’s crown prince says he simply doesn’t care whether Joe Biden misunderstands him. The prince is instead looking to his oil power to deliver his goals, according to sources familiar with Riyadh’s thinking: recognition from the American president that he’s the real ruler…
By Uday Sampath Kumar (Reuters) – Best Buy Co Inc said on Thursday it expects annual sales to surpass peak pandemic levels in 2024, offsetting a disappointing holiday quarter when the top U.S. electronics retailer was shackled by product shortages. Shares of Best Buy, a big beneficiary from pandemic-era remote-working, rose 5% in premarket trading,…
