LONDON (Reuters) – Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order to emigrate. The intervention piles further pressure on HSBC, which has attracted criticism for allegedly mistreating customers who have…
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) -The U.S. government has urged an appeals court to uphold Ghislaine Maxwell’s conviction and 20-year prison sentence for helping the disgraced late financier Jeffrey Epstein sexually abuse teenage girls. In a Thursday night filing with the 2nd U.S. Circuit Court of Appeals in Manhattan, federal prosecutors…
(This June 28 story has been corrected to add that Archer received certification to conduct flight testing of its demonstrator aircraft in paragraph 7) (Reuters) – Joby Aviation said on Wednesday the U.S. aviation regulator has given the nod for flight testing of its electric air taxi, taking it a step closer to securing approvals…
A look at the day ahead in U.S. and global markets from Mike Dolan The glass appears half full at half time. The U.S. economy and markets look to be in rude health as they hit the midyear mark on Friday, with both stock prices and interest rates climbing in tandem and the dollar on…
By Marc Jones LONDON (Reuters) – The first six months of 2023 have been eventful for financial markets – from an artificial intelligence (AI) inspired tech stock surge, commodity market capitulations, cryptocurrency comebacks to the worst banking crash since Lehman Brothers. Linking it all has been the relentless rise in interest rates, which was exactly…
By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) -A three-man crew from Italy soared more than 50 miles (80 km) above the New Mexico desert on Thursday aboard a Virgin Galactic rocket plane, the company’s first flight of paying customers to the edge of space since British billionaire Richard Branson…
A look at the day ahead in European and global markets from Ankur Banerjee After German inflation bucked the trend and rose more than expected in June, the spotlight will firmly be on euro zone and French inflation reports, with investors wondering if the German data was just a blip or something worse. Economists polled…
By Andy Bruce LONDON (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. Lenders have re-priced home loan offerings repeatedly in recent weeks in a scramble to keep up with soaring funding…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Thursday after flip flopping during the session, supported by a bigger draw than expected in U.S. crude inventories but pressured by fears that rising interest rates could dent global economic growth. Brent crude futures rose 31 cents, or 0.4%, to $74.34 a barrel. U.S. West…
By Amruta Khandekar, Matteo Allievi, Bansari Mayur Kamdar (Reuters) -European shares edged higher on Thursday with Swedish retailer H&M rallying on stronger-than-expected quarterly profit, but economic data from both sides of the Atlantic and hawkish signals from major central bankers weighed on markets. The pan-European STOXX 600 index closed 0.1% higher. Shares of H&M climbed…
