Reuters US Business

Analysis-Fed’s pivot raises investor question: When does QT start?

16 Dec 2021

By Karen Pierog and David Randall NEW YORK/CHICAGO (Reuters) – Investors are asking a key question after the U.S. Federal Reserve accelerated its taper of bond purchases and unveiled more aggressive rate hike projections: When could the central bank eventually start to shrink its massive balance sheet? Bond investors had largely absorbed the Fed’s pivot …

Analysis-Fed’s pivot raises investor question: When does QT start? Read More »

About half of U.S. oil pipeline space is empty after boom time building spree

16 Dec 2021

By Stephanie Kelly NEW YORK (Reuters) – About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas. Overall U.S. pipeline capacity utilization is at around 50%, compared with a range of 60% to 70% headed into early 2020 before the coronavirus …

About half of U.S. oil pipeline space is empty after boom time building spree Read More »

How low can you go? Five questions for Turkey’s central bank

16 Dec 2021

By Jonathan Spicer ISTANBUL (Reuters) -Turkey’s central bank is expected to cut interest rates again this week despite a currency crash and soaring inflation as President Tayyip Erdogan keeps up the pressure on policymakers to promote growth ahead of elections in 2023. The bank has slashed https://tmsnrt.rs/3pSEHT3 its key rate by 400 basis points to …

How low can you go? Five questions for Turkey’s central bank Read More »

United Airlines CEO defends vaccine mandate at Senate hearing

16 Dec 2021

By David Shepardson WASHINGTON (Reuters) – United Airlines Chief Executive Scott Kirby on Wednesday defended a decision to mandate COVID-19 vaccines for workers amid criticism from some Republican senators. “We did this for safety. We believe it saved lives,” Kirby said at a Senate Commerce hearing on aviation issues. “We don’t compromise on safety.” Republican …

United Airlines CEO defends vaccine mandate at Senate hearing Read More »

Airlines place their bets, looking past pandemic to renew fleets

16 Dec 2021

By Tim Hepher, Jamie Freed and Eric M. Johnson PARIS/SINGAPORE/SEATTLE (Reuters) – As the world hunkers down for Omicron, some investors might expect the global jet market to be withering away. Far from it. Business has begun humming again as airlines look to snap up the greener passenger and freight planes they believe will give …

Airlines place their bets, looking past pandemic to renew fleets Read More »

Qantas says competition to intensify, will report large H1 loss

16 Dec 2021

By Jamie Freed SYDNEY (Reuters) -Qantas Airways Ltd said on Thursday it expects domestic competition to intensify in the second half of the financial year as state borders open, after forecasting a first-half loss due to months of lockdowns. The airline, which separately said it would switch its narrowbody fleet to Airbus SE jets from …

Qantas says competition to intensify, will report large H1 loss Read More »

Explainer-As economy closes in on Fed’s framework goals, policymakers respond

16 Dec 2021

By Howard Schneider WASHINGTON (Reuters) – The U.S. unemployment rate is coming down, inflation is rising, and on Wednesday the Federal Reserve said that combination has it poised for interest rate increases next year that are coming faster and sooner than expected. The situation amounts to a real-time test of the new approach to monetary …

Explainer-As economy closes in on Fed’s framework goals, policymakers respond Read More »

Canada’s CIBC, National Bank ask employees to work remotely as Omicron worries grow

15 Dec 2021

By Noor Zainab Hussain and Manya Saini (Reuters) -Canadian Imperial Bank of Commerce and National Bank of Canada said Wednesday they have asked staff in Canada to work remotely, joining Bank of Nova Scotia in halting plans for a return to offices amid growing concerns over the Omicron variant. Canada’s top health official Theresa Tam …

Canada’s CIBC, National Bank ask employees to work remotely as Omicron worries grow Read More »

Costlier lumber, supply chain snags weigh on Lennar profit; shares slump

15 Dec 2021

(Reuters) – Lennar Corp missed estimates for quarterly profit on Wednesday as pandemic-led supply chain issues pushed lumber costs higher and delayed house deliveries, sending shares of the No. 2 U.S. homebuilder down around 8% in extended trading. Shortages of raw materials and labor have weighed on operations for U.S. homebuilders, forcing several of them …

Costlier lumber, supply chain snags weigh on Lennar profit; shares slump Read More »

Close Bitnami banner
Bitnami