By Laura Sanicola (Reuters) -Oil settled lower on Thursday, adding to weekly losses on uncertainty that the euro zone will be able to effectively sanction Russian energy exports and after consuming nations announced a huge release of oil from emergency reserves. Prices were also pressured by fears that lockdowns in China due to a new…
By Patricia Zengerle WASHINGTON (Reuters) -The U.S. Congress voted to impose further economic pain on Russia over the invasion of Ukraine on Thursday, passing one measure to remove its “most favored nation” trade status and another to ban oil imports. The Senate voted 100-0 in favor of the measure removing Permanent Normal Trade Relations (PNTR)…
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street was mixed on Thursday, with Amazon and Nvidia weighing on the Nasdaq and Pfizer lifting the S&P 500 as investors eyed the war in Ukraine and a potentially more aggressive Federal Reserve. The tech-heavy Nasdaq fared worst among the three main indexes, extending a…
By Rajesh Kumar Singh CHICAGO (Reuters) – Robin Hayes, the ebullient chief executive of JetBlue Airways Corp, was on an Amtrak train on Tuesday coming back from Boston when news broke that his company had made an offer to acquire Spirit Airlines Inc. Hayes said the company was not yet ready to go public with…
TOKYO (Reuters) – U.S. private equity firm KKR & Co Inc plans to take Japanese chip equipment maker Kokusai Electric Corp public in an IPO as early as June, three sources said, in what is likely to be Tokyo’s biggest listing in more than three years. While the size of the initial public offering (IPO)…
(Reuters) – Moscow has doubled the state support available for opening a fastfood chain in the city to 5 million roubles ($63,000), a city spokeswoman told Reuters, hoping this will help plug the gap left by foreign fast food chains that suspended activities. Western companies from McDonald’s and Starbucks to Deutsche Bank and Shell have…
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supplies still clouding the market outlook. Brent crude futures were up $1.19, or 1.2%, at $102.26 a barrel at 1306…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, indicating a further tightening of labor market conditions heading into the second quarter, which could contribute to keeping inflation elevated. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 166,000 for the week ended April 2,…
FRANKFURT (Reuters) -European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even more action, as conditions for raising rates had either been met or were about to be met, the accounts of the gathering showed. Policymakers agreed at the meeting to end bond buys some time…
MADRID (Reuters) – The Bank of Spain told lenders on Thursday to adequately monitor credit risks of some of their customers most exposed to the economic impact from Russia’s invasion of Ukraine and urged banks not to release provisions given the current uncertainty. “In view of the new shock, we will have to closely monitor…
