By Shreyashi Sanyal, Bansari Mayur Kamdar (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for longer, while shares of Siemens Energy plunged as it withdrew its annual profit outlook. The STOXX 600 index closed 0.3% lower after data showed…
(Reuters) -Global commodities trader Cargill Inc on Tuesday reported that its fiscal year 2022 revenue jumped 23% from a year earlier to a record $165 billion. The strong result was the latest for a global agricultural commodities trader after rivals Archer-Daniels-Midland Co and Bunge Ltd reported solid earnings last month amid high farm products prices…
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against a basket of currencies on Thursday as a sharp stocks selloff boosted demand for the safe-haven currency and as the Federal Reserve was seen as tightening monetary policy more than peers. Stocks tumbled on Thursday as investors fretted the Fed might…
LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative currencies grows. Economy Minister Marcelo Montenegro said the Andean country was following “a pattern at the level of international trade, that is generating…
By Dan Williams TEL AVIV (Reuters) – Protests against Prime Minister Benjamin Netanyahu’s judicial overhaul intensified on Tuesday with demonstrations nationwide, and a retired Israeli air force general said 161 of the corps’ reserve officers had vowed to no longer report for duty. The officers, with ranks ranging from major to brigadier-general, notified the military…
BRUSSELS (AP) — European Union leaders struggled for hours Friday to find a compromise on a deal aimed at curbing energy prices that have gone through the roof and hurt households and businesses across the 27-nation bloc. There was a clear rift between the bloc’s southern and northern nations during the day-long talks in Brussels,…
NEW DELHI (AP) — Thousands of Indians rallied on Sunday under key opposition Congress party leader Rahul Gandhi, who made a scathing attack on Prime Minister Narendra Modi’s government over soaring unemployment and rising food and fuel prices in the country. Gandhi accused Modi of pursuing policies benefitting big business groups at the expense of…
By Nelson Bocanegra BOGOTA (Reuters) – Inflation in Colombia will have risen once again in September, sending full-year expectations for 2022 and 2023 upward and pressuring the central bank to extend rate rises beyond previous predictions, analysts said in a Thursday survey. The sixteen analysts consulted gave a median estimate of 0.74% for September price…
In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase. Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging…
NEW YORK (Reuters) – Societe Generale SA agreed to pay $105 million to settle U.S. investor litigation accusing the French bank of violating antitrust law by conspiring with rivals to rig Euribor, a key European interest rate benchmark. A preliminary settlement was filed late Friday with the U.S. District Court in Manhattan, and requires a…
