By Danilo Masoni MILAN (Reuters) – World stocks stabilised on Wednesday as markets weighed risks from U.S. House Speaker Nancy Pelosi’s visit to Taiwan and comments from Federal Reserve officials talking up the chance of aggressive interest rate hikes. MSCI’s benchmark for global stocks was broadly unchanged by 1127 GMT following Tuesday’s drop that took…
(Reuters) – Southwest Airlines expects an ongoing Boeing 737 MAX manufacturing problem to delay some plane deliveries this year, Southwest said Friday. “We are in discussions with Boeing to understand what that impact will be in 2023 and beyond,” the company said. The manufacturing problem involves fittings that were incorrectly installed on the fuselage made…
NICOSIA, Cyprus (AP) — A proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any time soon, a senior U.S. diplomat said Thursday. U.S. Under Secretary of State Victoria Nuland…
By Michael S. Derby (Reuters) -The U.S. central bank most likely has one more interest rate rise ahead of it as it continues to work to lower high inflation, Atlanta Federal Reserve President Raphael Bostic said on Tuesday. “One more move should be enough for us to then take a step back and see how…
MEXICO CITY (Reuters) – Mexico’s headline inflation likely reached its lowest level in more than two years during the first half of June, but remained above the central bank’s target, a Reuters poll showed on Monday, reinforcing bets the bank will keep the key rate steady longer. The median forecast of 11 analysts sees annual…
By Ludwig Burger FRANKFURT (Reuters) -Novartis forecast its sales and core operating profit would grow at a mid-single-digit rate this year, as the Swiss pharmaceuticals group nears a decision on whether to keep or sell its generics business Sandoz. The pharmaceuticals company in October raised the prospect of divesting Sandoz after years of revamping the…
By Sheila Dang (Reuters) – Twitter asked a U.S. court on Thursday to terminate a consent order with the Federal Trade Commission that governed the social media company’s data privacy protections, arguing that the regulatory agency has made “unceasing demands.” In a filing with U.S. District Court in San Francisco, Twitter accused the FTC of…
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase & Co executives expect the bank’s net interest income to rise by $3 billion this year on its takeover of failed First Republic Bank, which has made the biggest U.S. bank even bigger. CEO Jamie Dimon and other top executives are presenting their strategies at an investor…
By Valerie Insinna, Mike Stone and Pratyush Thakur (Reuters) -Pratt & Whitney on Tuesday hit fresh turbulence over a problem-plagued engine model, prompting a 10% drop in shares of parent RTX as it said more than 1,000 engines must removed from Airbus planes and checked for microscopic cracks. It was the latest setback to the…
By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than 1% lower on Tuesday after the United States said it would boost supply in the market by releasing more crude from its Strategic Petroleum Reserve. On Monday, the U.S. Department of Energy (DOE) said it would sell 26 million barrels of oil from the SPR,…
