By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell as U.S. Treasury yields reached two-week highs on Friday after data showed the American economy generated a greater-than-expected number of jobs in May, signaling the Federal Reserve will likely continue raising interest rates in its effort to curb inflation. The Labor Department’s closely watched employment…
(Reuters) – Rogers Communications Inc on Friday responded to the Canada competition bureau’s attempts to block its C$20 billion ($15.89 billion) deal to buy Shaw Communications Inc, arguing the merger would create more competition rather than stifle it. ($1 = 1.2588 Canadian dollars) (Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri)
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – The Federal Reserve is on track for half point interest rate increases in June, July, and perhaps even beyond as fresh job market data Friday showed no sign the U.S. economy is buckling under the pressure of high inflation and rising borrowing costs. A Labor Department…
PARIS (Reuters) – CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite another surge in profits due to a saturated shipping market. French-based CMA CGM, one of the world’s largest container lines, reported a net profit of $7.2 billion for the first quarter, up from $2.1 billion in the…
By Andrea Shalal and Trevor Hunnicutt REHOBOTH BEACH, Del. (Reuters) -U.S. President Joe Biden compared Tesla unfavorably to Ford on Friday, while sarcastically wishing Chief Executive Elon Musk “lots of luck” on his “trip to the moon” after the billionaire expressed reservations about the economy. Musk wrote in an email to executives that he has…
(Reuters) -Russia’s National Settlement Depository (NSD), which Moscow had planned to use to service the country’s Eurobonds, will suspend transactions in euros after the European Union added the entity to its extended sanctions list, the NSD said on Friday. Earlier this week, Russia said it was replacing Citibank, which has stopped servicing the country’s Eurobonds,…
By Gabriela Baczynska BRUSSELS (Reuters) – The European Union on Friday blacklisted Russian military commanders who it said led troops involved in atrocities in Ukraine, describing them as the “butchers” of Bucha and Mariupol. Its latest sanction list also included Alina Kabaeva, whom it described as “closely associated” with President Vladimir Putin, although he has…
(Reuters) – Amazon.com Inc said on Friday the chief executive officer of its worldwide consumer business, David Clark, was leaving the company after 23 years of service to pursue other opportunities. Amazon CEO Andy Jassy said he expects to be ready with an update on Clark’s succession over the next few weeks. Clark’s last day…
(Reuters) -Twitter Inc said on Friday that the U.S. antitrust waiting period for Elon Musk’s $44 billion acquisition of the social media giant had expired, indicating it had dodged a lengthy review of the proposed deal. With the expiration, completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter…
By John O’Donnell and Sujata Rao FRANKFURT (Reuters) – Russia’s failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago. On Friday, the European Union expanded sanctions on…
