Reuters | March 27, 2023
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stability after the collapse of Credit Suisse and two U.S. mid-sized lenders. The pan-European STOXX 600 index rose 1.1%, with investors drawing comfort from […]
Reuters | March 22, 2023
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% to a one-week high on Wednesday as the dollar slid to a six-week low after the U.S. Federal Reserve delivered an expected small rate hike while hinting that it was on the verge of pausing future increases. Brent crude futures rose $1.37, or 1.8%, […]
Reuters | March 20, 2023
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rebounded and rose over 1% on Monday after diving to their lowest levels in 15 months as the market worried that risks in the global banking sector could spark a recession that would sap fuel demand. In volatile trade, Brent crude futures for May rose 82 cents, […]
Reuters | March 17, 2023
By Olzhas Auyezov and Mariya Gordeyeva ALMATY (Reuters) – Russian companies have flooded their Kazakh partners in recent weeks with new requests to help them circumvent Western sanctions and import badly needed goods, seven sources with direct knowledge of the matter told Reuters. After Russian forces invaded Ukraine on Feb. 24 last year, the West […]
Reuters | March 14, 2023
By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) -Bitcoin hit a nine-month high on Tuesday, taking gains past 30% in four days as it shrugged off chaos in global markets after last week’s collapse of Silicon Valley Bank and rode expectations that U.S. interest rates won’t rise so fast. Bitcoin jumped as much as 9.6% […]
Reuters | March 13, 2023
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. Brent crude futures settled down $2.01, or 2.4%, to $80.77. The global benchmark […]
Reuters | March 9, 2023
By Corina Pons BARCELONA (Reuters) – Spanish fashion retailer Mango’s sales hit a record 2.68 billion euros ($2.8 billion) last year, exceeding pre-pandemic levels by 13% as shoppers kept spending on clothing amid high inflation and as the company expanded in the United States and India. “We capitalized on the end of the (COVID) restrictions […]
Reuters | February 28, 2023
By Victoria Waldersee and Jan Schwartz BERLIN/HAMBURG (Reuters) -Volkswagen drew criticism from campaigners and a big investor on Tuesday after the head of its Chinese business said he saw no sign of forced labour during a visit to the carmaker’s Xinjiang plant. The works council, which is represented on Volkswagen’s supervisory board, in a statement […]
Reuters | February 24, 2023
By Foo Yun Chee BRUSSELS (Reuters) -TikTok accused the European Commission on Friday of failing to consult it over a decision to ban the Chinese short video sharing app from staff phones on cybersecurity grounds, a move subsequently followed by another top EU body. The app, which is owned by Chinese firm ByteDance, is facing […]
Reuters | February 23, 2023
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co on Wednesday said it should not be held liable for a former top executive’s relationship with Jeffrey Epstein in a lawsuit accusing the largest U.S. bank of facilitating its former client’s sex trafficking enterprise. In a filing in Manhattan federal court, JPMorgan said emails […]