By Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will kick off its tightening cycle in March with a 25-basis-point interest rate rise, a Reuters poll of economists found, but a growing minority say it will opt for a more aggressive half-point move to tamp down inflation. While inflation is rising across the globe,…
By David Shepardson and Eric M. Johnson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) on Tuesday said it would perform final inspections on new Boeing 787 Dreamliner aircraft, and will not allow the planemaker to self-certify the jets. The U.S. aviation regulator said it notified Boeing of the decision that it will retain the…
(Reuters) – Meta Platforms Inc said on Tuesday it had closed its acquisition of Kustomer, a U.S. customer service startup, after winning conditional EU antitrust approval for the deal last month. The purchase was first announced in November 2020 but got delayed due to regulatory scrutiny including a full-scale investigation from the European Commission. The…
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Tuesday that American Airlines has placed a firm order for three new E175 aircraft, which will be operated by its Envoy Air subsidiary. According to Embraer, the deal was valued at $160.2 million and will be included in the company’s 2021 fourth-quarter backlog. The deliveries…
By Mayela Armas CARACAS (Reuters) – The Venezuelan central bank’s gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements published by the bank on Tuesday. The quantity of gold bars at the bank’s vaults in Caracas fell to an equivalent of 79 tonnes, down from 86 tonnes equivalent…
By David French and Laura Sanicola (Reuters) – EP Energy is exploring a sale of oil-producing acreage in Utah it hopes will avert a challenge from a U.S. antitrust regulator to its agreed $1.5 billion takeover by private equity firm EnCap Investments LP, people familiar with the matter said. The Federal Trade Commission (FTC) has…
By David Morgan, Pete Schroeder and Lindsay Dunsmuir (Reuters) -The head of the U.S. Senate Banking Committee on Tuesday delayed a vote on President Joe Biden’s five nominees to the Federal Reserve, including Chair Jerome Powell, after Republicans staged a boycott over objections to Sarah Bloom Raskin, the White House’s pick to be the central…
By Gwladys Fouche OSLO (Reuters) – Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar. Myanmar’s military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor’s business in the Southeast…
By David Shepardson WASHINGTON (Reuters) -Two U.S. lawmakers asked the Transportation Department’s Office of Inspector General to review the Federal Aviation Administration’s (FAA) oversight over Boeing Co’s actions surrounding the 737 MAX jet. The chair of the House of Representatives Transportation Committee, Peter DeFazio, and Rick Larsen, who chairs a subcommittee on aviation, said the request…
By Deborah Mary Sophia and Hilary Russ (Reuters) -Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs. U.S.-listed shares of the company rose more than 3% after it topped…
