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By Michael S. Derby NEW YORK (Reuters) -Atlanta Federal Reserve President Raphael Bostic on Friday said that over the last few years some of his personal investing activity inadvertently happened in periods where it was forbidden by U.S. central bank ethics rules at the time. Bostic explained in a note that accompanied revised financial disclosure …

Bostic acknowledges accidental trading that violated Fed’s ethics code Read More »

WASHINGTON (Reuters) – The top Republican on a U.S. Senate antitrust panel, Senator Mike Lee, promised on Friday that there would be significant oversight of a plan by Kroger Co to buy rival Albertsons Cos Inc. “Utahns, like all Americans, are suffering from skyrocketing food prices,” Lee said in a statement. “I will do everything …

Top Republican on Senate antitrust panel promises oversight of grocery deal Read More »

By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank is set to hold the benchmark interest rate steady at 75%, which would snap a tightening cycle since the start of the year, two sources said, with the entity hopeful that monthly inflation will slow in the months ahead. The bank had been mulling another potential …

Exclusive-Argentina central bank, hopeful on inflation, set to break tightening cycle -sources Read More »

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Friday as lower commodity prices pressured resource shares and investors weighed signs that Bank of Canada interest rate hikes are taking a toll on the domestic housing market. The Toronto Stock Exchange’s S&P/TSX composite index ended down 287.28 points, or 1.5%, at 18,326.25. …

TSX posts lowest weekly close in 20 months as oil prices fall Read More »

By Karen Brettell and Davide Barbuscia (Reuters) -The U.S. Treasury Department is asking primary dealers of U.S. Treasuries whether the government should buy back some of its bonds to improve liquidity in the $24 trillion market. Liquidity in the world’s largest bond market has deteriorated this year partly because of rising volatility as the Federal …

U.S. Treasury asks major banks if it should buy back bonds Read More »

By Howard Schneider WASHINGTON (Reuters) -A “hotter-than-expected” September inflation report doesn’t necessarily mean the Federal Reserve needs to raise interest rates higher than officials projected at their most recent policy meeting, St. Louis Fed President James Bullard said on Friday, though it does warrant continued “frontloading” through larger hikes of three-quarters of a percentage point. …

Exclusive-Fed’s Bullard favors ‘frontloading’ rate hikes now, with wait-and-see stance in 2023 Read More »

By Liz Hampton (Reuters) -Some of oilfield service firm Schlumberger’s more than 9,000 Russian employees have begun receiving military draft notices through work, and the company is not authorizing remote employment to escape mobilization, according to people familiar with the matter and internal documents. Schlumberger’s cooperation with authorities by delivering the military call-ups and its …

Exclusive-Schlumberger faces employee backlash in Russia over draft cooperation Read More »

MOSCOW (Reuters) -The chairman of EN+, which owns a 57% stake in aluminium producer Rusal, dismissed media reports that Washington is weighing restricting imports of Russian metal, saying Rusal remained in full compliance with U.S. regulations. Media reports on the possibility of import restrictions of Russian aluminium were “irresponsible market speculation,” EN+ Chairman Christopher Burnham …

En+ says Rusal remains in full compliance with U.S. regulations Read More »

BERLIN (Reuters) – The chief executive of Lufthansa said on Friday he was optimistic about the aviation industry’s recovery despite headwinds caused by high inflation and the war in Ukraine. “Air traffic will remain on its return to recovery, perhaps levelling off a bit,” Carsten Spohr said, adding, however, that he saw no reason for …

Lufthansa CEO: aviation recovery is on track Read More »