NEW YORK xx (Reuters) – A key part of the yield curve inverted on Tuesday, as the 2-year U.S. Treasury note yield briefly rose above the benchmark 10-year U.S. Treasury note yield for the first time since September 2019. An inversion of the two-year, 10-year part of the curve is viewed by many as a…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dropped $2 on Tuesday, as talks progressed between Russia and Ukraine to end their weeks-long conflict, though Moscow negotiators clarified that it did not represent a ceasefire. Further weighing on oil futures, new lockdowns in China to curb the spread of the coronavirus prompted concerns about that fuel…
LONDON (Reuters) – Global energy trader Vitol Group made a record net profit of just over $4 billion for the full year 2021, sources familiar with the matter said. Vitol declined to comment. (Reporting by Julia Payne and Dmitry Zhdannikov; Editing by Chris Reese)
(Reuters) -Philadelphia Federal Reserve President Patrick Harker said on Tuesday he favors a “methodical” series of quarter-percentage-point interest rate increases, but is open to larger half-percentage-point hikes if inflation does not soon show signs of easing. “I have penciled in seven … 25-basis-point increases for this year,” including the one just approved at the U.S….
(Reuters) – Nielsen Holdings on Tuesday agreed to go private for $10.06 billion in a sweetened deal with private equity firms led by Elliott Management and Brookfield Asset Management, days after the TV rating firm rejected a bid from the group. The deal offers $28 for each Nielsen share, a premium of 60% since early…
By Cooper Inveen ACCRA (Reuters) – Ghana’s parliament approved a new 1.5% tax on electronic payments, known as the “e-levy,” on Tuesday after the opposition walked out in protest. Finance Minister Ken Ofori-Atta proposed the e-levy in November to widen the tax net and has presented it as a panacea for Ghana’s raft of financial…
By Pete Schroeder WASHINGTON (Reuters) – Four women will take seats on the Commodity Futures Trading Commission, returning the derivatives regulator to full strength, after a unanimous U.S. Senate vote hailed as historic by the chair of the Senate Agriculture Committee. “This confirmation makes history because all four nominees are women, three of whom are…
(Reuters) -Johnson & Johnson said on Tuesday it would halt sale of personal care products in Russia, joining other companies that have limited their business in the country in response to its invasion of Ukraine. J&J said it would continue to supply medicines and medical devices in the region as those are excluded from Western…
WASHINGTON (Reuters) – The U.S. Transportation Department said Tuesday it had approved the bid of China Eastern Airlines Corp to temporarily move New York to Shanghai flights over COVID-19 measures to a different Chinese airport. The department granted China Eastern’s request starting March 31 to move existing twice-weekly Shanghai westbound passenger flights from New York…
(Reuters) -Russia retaliated in what it has called an “economic war” with the West on Tuesday by offering to buy back its $2 billion Eurobonds maturing next month in roubles rather than dollars. The finance ministry offer on Eurobonds maturing on April 4, Russia’s biggest debt payment this year, follows Western moves to tighten sanctions…
