By Rowena Edwards and Ahmad Ghaddar London (Reuters) -Oil slipped on Thursday on indications of rising U.S. stocks and as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014. Brent crude futures were down 45 cents, or 0.5%, at…
(Reuters) -Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment. Oil prices surged more than 50% last year on hopes of a global economic recovery from the COVID-19 pandemic and as OPEC+…
DUESSELDORF (Reuters) – German logistics company Deutsche Post DHL does not expect freight costs to ease this year and is advising customers to agree longer-term contracts as a hedge, the head of the DHL freight business said in an interview. “The short-term rate will rise a little in air and ocean freight, the long-term rate…
LONDON (Reuters) -The dollar dipped on Thursday as this week’s rally in U.S. Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity prices and optimism about economic growth. The euro and sterling rose after suffering their worst days in a month on Tuesday when the dollar was lifted…
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) – Boeing Co’s steady climb out of successive crises – among the worst in U.S. corporate history – gained momentum last week when it won the 2021 jet order race https://www.reuters.com/business/aerospace-defense/boeing-wins-annual-jet-order-race-adjusted-basis-2022-01-11 against rival Airbus SE on an adjusted basis with a 737 MAX sales blitz. But…
By Clare Jim HONG KONG (Reuters) -An ad hoc offshore creditors group of China Evergrande said on Thursday it has had no substantive engagement with the firm over its restructuring plans despite the firm’s repeated assurances. The group, represented by law firm Kirkland & Ellis and investment bank Moelis & Company, said in a statement…
By Huw Jones LONDON (Reuters) – European stocks fell on Thursday as cautious investors continued to assess how far and fast the U.S. Federal Reserve will begin raising interest rates this year. Also keeping a lid on risk taking were the tech-laden U.S. Nasdaq entering correction territory on Wednesday, a sell-off in bonds, still elevated…
(Reuters) – Shares in consumer goods giant Unilever inched roughly 2% higher on Thursday after it said late on Wednesday it would not raise its rejected 50 billion pound ($68 billion) offer for GlaxoSmithKline’s consumer healthcare business. Shares in GSK fell 1.5% after Unilever effectively ended its pursuit of a business that the pharmaceuticals company…
By Jeffrey Dastin (Reuters) – Amazon.com Inc’s recipe for the department store of the future includes algorithmic recommendations and what one corporate director called “a magic closet” in the fitting room. The online retailer is making another push to grow its fashion business, announcing on Thursday it will open its first-ever apparel store this year,…
By Alexandra Alper and Andrea Shalal WASHINGTON (Reuters) -President Joe Biden on Wednesday said it was too soon to make commitments on lifting U.S. tariffs on Chinese goods, but his chief trade negotiator Katherine Tai was working on the issue. “I’d like to be able to be in a position where I could say they’re…
