By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve officials on Wednesday said they still aren’t convinced the worst of the U.S. inflation scare has passed, in comments that teed up a continuation of the central bank’s aggressive interest rate increases. “We are in this for as long as it takes to get …
Fed officials reluctant to call inflation peak as policy meeting looms Read More »
WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) must step up efforts to stop anti-competitive U.S. airline mergers and hold carriers accountable for flight cancellations and poor customer service, an influential Washington-based think-thank said on Wednesday. The American Economic Liberties Project called for increased enforcement in a letter to Transportation Secretary Pete Buttigieg and White …
U.S. must do more to block harmful airline mergers, anti-monopoly group says Read More »
VLADIVOSTOK, Russia (Reuters) -President Vladimir Putin said on Wednesday that Russia and the developing world had been “cheated” by a UN-brokered Ukrainian grain export deal, vowing to look to revise its terms to limit the countries that can receive shipments. Speaking at an economic forum in the city of Vladivostok in Russia’s Far East, Putin …
Putin to look at revising ‘cheating’ Ukrainian grain export deal Read More »
VLADIVOSTOK, Russia (Reuters) – Russian President Vladimir Putin said Russia would have no problems selling its vast energy resources around the world, despite Western sanctions designed to cut off the Kremlin’s vital energy revenues. Speaking at an economic forum in Vladivostok on Wednesday, he blasted Europe’s idea for a price cap on Russian gas as …
Putin says Russia has ‘no problems’ selling energy resources Read More »
VLADIVOSTOK, Russia (Reuters) – Russian President Vladimir Putin on Wednesday warned of a looming global food crisis and said he would discuss amending a landmark grain deal with Ukraine to limit the countries that can receive cargo shipments. Putin said on Wednesday that Moscow had done everything it could to ensure Ukraine was able to …
Putin says wants to restrict destinations for Ukraine’s grain exports Read More »
By Michelle Price and Xie Yu WASHINGTON/HONG KONG (Reuters) -U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans risk breaching U.S. rules, the U.S. Securities and Exchange Commission (SEC) warned on Tuesday. Worried they may be kicked off U.S. exchanges if China …
U.S. SEC warns against switching auditors to avoid Chinese company trading bans Read More »
SAO PAULO (Reuters) – Mercedes-Benz said on Tuesday it will fire 3,600 employees in a restructuring of its truck and bus chassis plant in Brazil’s Sao Paulo state amid pressures on its production. The company said it plans to outsource elements of its operations in the Brazilian city of Sao Bernardo in an effort to …
Mercedes-Benz to lay off 3,600 workers in Brazil Read More »
By Echo Wang and Helen Coster (Reuters) -The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump’s social media company failed on Tuesday to secure enough shareholder support for a one-year extension to complete the deal. At stake is a $1.3 billion cash infusion that Trump Media & Technology Group (TMTG), …
Trump media deal suffers blow as SPAC fails to win extension Read More »
By Diane Bartz WASHINGTON (Reuters) -CVS Health Corp’s plan to buy healthcare services company Signify Health for about $8 billion will face a tough U.S. antitrust review even though the two companies do not compete directly in any markets, three experts said Tuesday. High and rising healthcare prices, which have put even older drugs like …
CVS deal for Signify seen facing tough antitrust review Read More »
By Carolina Mandl NEW YORK (Reuters) – Wall Street’s main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. A survey from the Institute for Supply Management (ISM) showed the U.S. services industry picked up in August for …
Wall Street ends busy post-summer session in the red Read More »
