By Jonathan Stempel (Reuters) – Patagonia Inc, the high-end outdoor clothing retailer, filed a lawsuit accusing Gap Inc of illegally copying the “iconic” snapped flap pocket it has used on fleece outerwear for more than three decades. In a Tuesday night complaint filed in San Francisco federal court, Patagonia said Gap is willfully and deliberately …
Patagonia sues Gap for copying ‘iconic’ flap pocket Read More »
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index rose on Wednesday to its highest closing level in five months, lifted by technology and industrial shares as the Federal Reserve signaled it could slow the pace of interest rate hikes. The Toronto Stock Exchange’s S&P/TSX composite index ended up 62.25 points, or 0.3%, at …
TSX notches 5-month high as tech and industrials climb Read More »
By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to fall more than previously thought this year and next with a peak-to-trough slump of 18% as aggressive interest rate hikes weaken an already-slowing housing market, a Reuters poll found. Average house prices in the country rose by more than 40% at the …
New Zealand house prices forecast to drop 18% from peak: Reuters Poll Read More »
By Carolina Mandl and Sinéad Carew (Reuters) – Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November meeting minutes showed interest rate hikes may slow soon. A “substantial majority” of policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes, the minutes showed. “What …
Wall Street rises as Fed signals slowdown in rate hikes Read More »
By Howard Schneider WASHINGTON (Reuters) -A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes as debate broadened over the implications of the U.S. central bank’s rapid tightening of monetary policy, according to the minutes from the …
‘Substantial majority’ of Fed officials see slowdown in rate hikes ‘soon’ Read More »
By Marianna Parraga HOUSTON (Reuters) -Chevron Corp could win U.S. approval to vastly expand operations in Venezuela as soon as Saturday once the Venezuelan government and its opposition resume political talks, three people familiar with the matter said on Wednesday. A U.S. authorization for Chevron <CVX.N> to help rebuild the country’s sagging oil production was …
U.S. prepared to authorize Chevron to boost Venezuela’s oil output Read More »
BOGOTA (Reuters) – Colombia’s Congress on Wednesday approved a budget for investing billions of dollars in royalties from hydrocarbons and mineral exploitation. The 31.3 trillion peso ($6.369 billion) budget for 2023 and 2024 will fund increased social spending in rural regions of Colombia, a top promise of leftist President Gustavo Petro, who took office in …
Colombian Congress approves royalties budget for 2023-2024 Read More »
By Michael S. Derby NEW YORK (Reuters) – When Federal Reserve officials met at the start of the month to weigh another rate increase, some of them were thinking about what the central bank might have to do should the Treasury market run into trouble. Those concerns were aired in meeting minutes for the rate-setting …
At November Fed meeting, officials flagged market resilience amid volatile conditions Read More »
NEW YORK (Reuters) – A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes as debate broadened over the implications of the U.S. central bank’s rapid tightening of monetary policy, according to the minutes from the session. …
‘Substantial majority” of Fed officials see rate hikes slowing ‘soon,’ -minutes Read More »
MOSCOW (Reuters) – The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on Russian oil exports. At 0802 GMT, the rouble was 0.3% stronger against the dollar at 60.48 and had lost 0.1% to trade at 62.37 versus …
Russian rouble firms ahead of three OFZ bond auctions Read More »
