By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged 23% on Thursday after the Los-Angeles-based lender said its deposits declined and that it had posted more collateral to the U.S. Federal Reserve to boost its liquidity. PacWest deposits fell 9.5% or $1.5 billion last week, with the majority of those outflows occurring…
DUBAI (Reuters) – The chairman of Abu Dhabi-based conglomerate Royal Group, Sheikh Tahnoon bin Zayed Al Nahyan, said on Thursday that the company has identified a number of “outstanding” investment opportunities in the U.S. market that it plans to pursue. “First and foremost, I’d like to reiterate that I firmly believe in the stability and…
KHARTOUM (Reuters) – The U.N. on Thursday urged countries with influence in Africa to help end the conflict in Sudan after reported progress in ceasefire talks between the army and the rival paramilitary Rapid Support Forces (RSF). Clashes rocked Halfaya, an entry point to the capital, early on Thursday as residents heard warplanes circling over…
By David Shepardson (Reuters) -The National Transportation Safety Board (NTSB) said on Thursday it is investigating the derailment of a Norfolk Southern freight train near New Castle, Pennsylvania, the latest incident involving the railroad. The Pennsylvania derailment Wednesday is about 20 miles from the site of a Feb. 3 East Palestine, Ohio Norfolk Southern-operated train…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy. The number of…
By Michael Martina WASHINGTON (Reuters) -When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials were confident the incursion would galvanize the U.S. bureaucracy to push forward a slate of actions to counter China. Instead, the U.S. State Department held back human rights-related sanctions, export controls and other sensitive actions…
By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Thursday unveiled a sweeping plan to slash greenhouse gas emissions from the U.S. power industry, one of the biggest steps so far in its effort to decarbonize the economy to fight climate change. The proposal would limit how much carbon dioxide power plants, which are the…
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world’s biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed. Brent crude futures fell $1.43, or 1.9%, to settle…
By Chris Prentice WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees’ use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. market regulators….
