WASHINGTON (Reuters) -The Federal Reserve is not targeting equity markets in its battle against inflation, but that is “one of the avenues” where the impact of tighter monetary policy will be felt, Kansas City Fed President Esther George said on Thursday. “What we are looking for is the transmission of our policy through markets’ understanding…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback’s advance this year drew buyers. With volatility on the rise in global financial markets, the dollar logged sharp declines against…
(Reuters) – ExxonMobil Corp said on Thursday it had signed a deal to sell its Barnett Shale assets to units of BKV Corp for $750 million. (Reporting by Ruhi Soni in Bengaluru; Editing by Maju Samuel)
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Leo KoGuan, a major individual investor in Tesla, on Thursday called on the electric carmaker to buy back shares, after Tesla stocks took a hit from CEO Elon Musk’s deal to buy Twitter. The comments came as high-profile Tesla bull Daniel Ives, an analyst at Wedbush, on Thursday…
By David Shepardson WASHINGTON (Reuters) -Lufthansa Chief Executive Carsten Spohr said on Thursday the German airline strongly backs U.S. airplane manufacturer Boeing Co, which has faced criticism over program delays. Earlier this month, Lufthansa said it would buy 10 cargo planes including seven of the 777X version, also known as 777-8F, and boosted its order…
(Reuters) – Russia’s largest lender Sberbank has ceased to be a shareholder in some non-financial assets, the company said on Thursday, as it reviews its strategy. Sberbank said it no longer owned Okko online cinema, Zvuk streaming service, SberCloud, online checkout terminals Evotor, and Speech Technology Center – a leading Russian developer of biometric technology….
By Elizabeth Culliford and Katie Paul (Reuters) – WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company’s messaging event on Thursday. The messaging service, which has increasingly courted business users, is one of several platforms where Facebook-owner Meta…
By Divya Rajagopal and David Ljunggren TORONTO (Reuters) – The Canadian federal government and competition bureau should block Quebecor from buying Shaw Communications’ wireless business, telecom operators Bell Inc and Telus said in separate letters to the government and the agency, people familiar with the matter told Reuters on Thursday. Selling Shaw’s wireless business to…
KOENIGSWINTER, Germany (Reuters) – The Group of Seven economic powers expect to meet a climate change financing goal for developing countries by next year, G7 finance chiefs said in a draft communique from a meeting in Germany. “We are strongly committed to achieving the collective climate finance mobilisation goal of 100 billion US dollars per…
BERLIN (Reuters) -Mercedes-Benz outlined a new strategy fuelled by “creating desire” through scarcity at a strategy day on the French Cote d’Azur, where it showcased its luxury models to analysts, investors and selected customers. The German carmaker will dedicate 75% of its investments to top-end vehicles and its highest-selling segment of “core luxury” C-Class and…
