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By Caroline Valetkevitch NEW YORK (Reuters) – Stock indexes fell on Wednesday and the U.S dollar surged to a nearly two-year peak, after the Federal Reserve released minutes from its last meeting that reinforced views the central bank may tighten aggressively to curb inflation. The benchmark U.S. 10-year Treasury yield rose, but was off its…
By Arunima Kumar and Liz Hampton (Reuters) -Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices. U.S. oil prices rose more than 50% last year and have made…
By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings. “Fifty is…
PARIS (Reuters) – French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe. Musk recently met French government officials, including President Emmanuel Macron, as he explores options for future production sites….
(Reuters) -U.S. Steel said on Thursday that its labor agreement with United Steel Workers (USW) does not afford the union the right to veto a sale of the company that may arise from its recently announced strategic review. U.S. Steel’s statement came after USW said this week it would only back Cleveland-Cliffs Inc as a…
(Reuters) -Lawyers for Tyre Nichols’ family filed a $550 million federal lawsuit against the city of Memphis on Wednesday, seeking damages in the beating death in January of the 29-year-old Black man at the hands of police, attorney Ben Crump said. The lawsuit and the massive award that the family is seeking are meant to…
By Samuel Shen and Brenda Goh SHANGHAI (Reuters) – China has raised the bar for issuances in the world’s second-biggest green bond market, taking a major step towards adopting global standards and eliminating ‘greenwashing’. Starting this month, the Shanghai Stock Exchange, China’s premier bourse, requires 100% of the proceeds from green bond issuances to be…
BEIJING (AP) — China lashed out Monday over a visit to Taiwan by British Trade Policy Minister Greg Hands, the latest foreign official to defy Beijing’s warnings over contacts with the self-governing island republic. China claims Taiwan as its own territory and threatens to annex it by force. It also seeks to isolate it diplomatically,…
(Reuters) – U.S chipmaker Nvidia Corp is investigating a potential cyberattack that may have taken parts of its business offline for two days, the Telegraph reported on Friday. Nvidia did not immediately respond to a Reuters request for comment. (Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)
(Reuters) – Canadian Prime Minister Justin Trudeau said in an interview to Bloomberg Television last week that any takeover bid for Teck Resources Ltd would have to get through a “rigorous process” to get consent from the government. Here is a snapshot of key events in the saga so far. Date Development March Glencore privately…
