ANKARA, Turkey (AP) — Turkey’s central bank kept a key interest rate unchanged on Thursday, halting a string of rate cuts that triggered a currency crisis and sent consumer prices skyrocketing. The bank’s Monetary Policy Committee said it decided to keep its policy rate “constant” at 14%, putting on hold a rate-cutting policy that has…
(Reuters) – A U.S. regulator on Thursday said it has fined a unit of Credit Suisse Group AG $9 million for violating laws and rules designed to protect investors, including a requirement to disclose potential conflicts of interest when issuing research reports. Credit Suisse did not admit or deny wrongdoing in agreeing to settle with…
OMAHA, Neb. (AP) — Union Pacific hauled in 24% more profit in the fourth quarter despite supply chain problems and weak auto production, but that is also compared with a period last year that included a one-time $278 million charge. The Omaha, Nebraska, railroad on Thursday posted earnings of $1.71 billion, or $2.66 per share,…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant continued to disrupt the job market. Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday. The jump in claims…
By Sarah Morland and Olivier Sorgho (Reuters) -French train maker Alstom’s shares had a rocky morning on Thursday, after its quarterly update on sales and orders sparked a mixed response from traders and financial analysts. The stock initially climbed over 3% before plummeting to trade down 5% and trigger an automatic dealing suspension on Euronext…
DALLAS (AP) — American Airlines lost $931 million in the fourth quarter and the incoming CEO said Thursday that the surge in COVID-19 will delay the airline’s recovery by two or three months. First-quarter revenue is expected to be down about 20% to 22% compared with the first quarter of 2019, and it will fly…
(Reuters) -Union Pacific Corp reported a 23.9% rise in quarterly profit on Thursday, as the company shipped more industrial chemicals, metals and forest products. The Omaha, Nebraska-based rail operator benefited from rising shipments ahead of the holiday season as an increase in industrial activity resulted in more companies shipping out products to consumers. Union Pacific’s…
By Rowena Edwards and Ahmad Ghaddar London (Reuters) -Oil slipped on Thursday on indications of rising U.S. stocks and as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014. Brent crude futures were down 45 cents, or 0.5%, at…
LONDON (AP) — A lawmaker from Britain’s governing Conservatives accused the government on Thursday of blackmailing opponents of Prime Minister Boris Johnson, as the party’s internal rifts over its beleaguered leader deepened. William Wragg, a Conservative member of Parliament, said legislators calling for a challenge to Johnson’s leadership have faced “intimidation,” and urged them to…
(Reuters) -Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment. Oil prices surged more than 50% last year on hopes of a global economic recovery from the COVID-19 pandemic and as OPEC+…
