By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the globe could lower biofuels blending and increase oil demand. Brent futures rose $1.22, or 1.6%, to settle at $77.12 a barrel, while the U.S….
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell’s comments on the central bank’s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still “has a long…
By Simon Jessop LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill. Initially partnering with British lender HSBC Holdings Plc in eight branches in Britain, Mastercard said banks…
LONDON (Reuters) – The United States will send $1.3 billion more in aid to Ukraine to help the conflict-hit country overhaul its energy grid and modernise its ports, railways and other infrastructure, U.S. Secretary of State Antony Blinken said on Wednesday. “Recovery is about laying the foundation for Ukraine to thrive as a secure, independent…
By Elizabeth Piper and Marc Jones LONDON (Reuters) -Ukrainian Prime Minister Denys Shmyhal said on Wednesday he expected to secure almost $7 billion in aid, after telling a London conference Russia’s war meant Kyiv was facing the largest reconstruction project in Europe since World War Two. At the conference Britain, the United States, the European…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – Tech led European shares lower on Wednesday following hawkish signals from Federal Reserve Chair Jerome Powell, while real estate stocks slid as the prospect of more interest rate rises stoked fresh concerns about mortgage costs after UK inflation failed to slow down in May. The continent-wide…
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials. In a Tuesday night court filing, the largest U.S. bank also described…
By Sergio Goncalves LISBON (Reuters) – Keeping Lisbon’s airport hub and safeguarding TAP’s strategic role for Portugal will be key conditions of the airline’s upcoming privatisation, more than the sale price, the government said on Wednesday. Portugal wants to keep a strategic stake in TAP and will not offer all its capital in the privatisation,…
(Reuters) -A submersible vessel taking tourists on a deep ocean journey to view the wreckage of the Titanic has been missing since Sunday. One pilot and four passengers are aboard. Here is a look at the situation as rescuers search an area the size of the state of Connecticut — or about half the size…
LONDON (Reuters) – Britain, the United States and the European Union pledged billions of dollars of extra help to rebuild Ukraine on Wednesday. Below are the details of some of the commitments made in connection with the Ukraine Recovery Conference in London. EUROPEAN UNION The EU said on Tuesday it would provide Ukraine with 50…
