By David Randall NEW YORK (Reuters) – As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors worry that so-called quantitative tightening may weigh on the economy and make this year even more brutal for stocks and bonds. After roughly doubling its balance sheet to $9 trillion after the pandemic, …
More worries for U.S. stocks, bonds: Fed ramps up ‘QT’ Read More »
By Tatiana Bautzer and Rafaella Barros SAO PAULO/RIO DE JANEIRO (Reuters) -Yara International ASA is close to acquiring the fertilizer unit put on sale by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, two sources with knowledge of the matter said on Friday. Petrobras has selected Yara’s bid and the deal now needs to …
Exclusive-Norway’s Yara close to acquiring Brazil’s Petrobras fertilizer unit Read More »
MEXICO CITY (Reuters) -Apple and Alphabet’s Google are facing a probe over anti-competitive practices in Mexico after the country’s former telecommunications chief filed a complaint, he said in a statement on Twitter on Friday. The complaint was brought to Mexico’s telecommunications regulator IFT yesterday by Mony de Swaan Addati, who once headed the former telecommunications …
Google, Apple facing anti-competitive complaint in Mexico Read More »
By Joey Roulette WASHINGTON (Reuters) -SpaceX on Friday challenged the U.S. Federal Communications Commission’s (FCC) decision to deny the space company’s satellite internet unit $885.5 million in rural broadband subsidies, calling the move “flawed” and “grossly unfair,” in a regulatory filing. The FCC last month turned down applications from billionaire Elon Musk’s SpaceX and LTD …
SpaceX appeals U.S. FCC rejection of rural broadband subsidies Read More »
By Jonathan Stempel and Tom Hals WILMINGTON, Del. (Reuters) – Elon Musk contended that Twitter Inc’s decision to pay millions of dollars to a whistleblower it had fired gives the world’s richest person another justification for terminating his $44 billion agreement to buy the social media company. In a Friday letter to Twitter, lawyers for …
Musk says Twitter whistleblower payment is another reason to scrap merger Read More »
BUENOS AIRES (Reuters) – Economists hiked their estimate for annual inflation in Argentina this year to 95%, a monthly poll published Friday by the central bank showed, as the country struggles to overcome a prolonged economic crisis marked by soaring prices. The latest forecast for surging consumer prices is 4.8 percentage points higher than the …
Argentina’s inflation rate expected to hit 95% this year Read More »
(Reuters) – Bankrupt Scandinavian airline SAS AB on Friday said it has received U.S. court approval for $700 million of debtor-in-possession (DIP) financing from funds managed by private equity firm Apollo Global Management. The approved credit agreement is a part of the airline’s bankruptcy protection process and its terms will be substantially similar to those …
Scandinavian airline SAS gets U.S. court approval for $700 million financing Read More »
By Carolina Mandl (Reuters) – U.S. stocks rallied on Friday, with the major indexes recording their first weekly gain in four weeks as investors went on a buying spree, shrugging off concerns about the economic outlook. The gains followed a sharp sell-off that began in mid-August, triggered by concerns about the impact of tighter monetary …
Wall Street scores first weekly gain since mid-August Read More »
(Reuters) – The U.S. securities regulator will set up two new offices to deal with filings related to crypto assets and the life sciences sector, the agency said on Friday. The “Office of Crypto Assets” and the “Office of Industrial Applications and Services” will join seven existing offices under the Securities and Exchange Commission (SEC) …
U.S. SEC to set up new office for crypto filings Read More »
(Reuters) – Canadian clerical workers and telecom services provider Bell Canada reached a tentative agreement over pay and the right to work from home, the country’s biggest private-sector labour union said on Friday. Unifor ACL, which represents the unionized workers at Bell Canada’s Bell Aliant unit in four Atlantic provinces, declared an impasse in late …
Unifor union, Bell Canada reach tentative agreement on labour negotiations Read More »
