By David French NEW YORK (Reuters) – Wall Street put a seesaw day behind it to close higher on Wednesday, as investors digested new clues on the U.S. central bank’s approach to rate policy and its inflation fight detailed in the minutes from the latest Federal Reserve meeting. After a brutal selloff in global equity …
Wall Street ends up as investors absorb Fed minutes Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. aviation system is expected to “remain challenged this summer and beyond” and the Federal Aviation Administration (FAA) needs more air traffic control staff, a senior United Airlines executive said on Wednesday. The FAA responded to United Wednesday, saying on July 3 and 4 “there were no FAA staffing-related …
United, U.S. FAA spar over blame for summer air travel problems Read More »
By MacDonald Dzirutwe ABUJA (Reuters) – The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. Barkindo, 63, a veteran of the oil industry, was due to step down at the end of this month after six years in the top job …
Nigeria’s Barkindo, who led OPEC in turbulent times, dies at 63 Read More »
By Anthony Deutsch, Kirstin Ridley and Simon Jessop AMSTERDAM/LONDON (Reuters) – Environmental groups are suing the Dutch subsidiary of Air France KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth and Reclame Fossielvrij, …
(Reuters) -Voyager Digital said on Wednesday it had filed for bankruptcy, a week after the crypto lender suspended withdrawals, trading and deposits to its platform as it sought additional time to explore strategic alternatives. In its Chapter 11 bankruptcy filing on Tuesday, New Jersey-based Voyager estimated that it had more than 100,000 creditors and somewhere …
Crypto lender Voyager Digital files for bankruptcy Read More »
(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive rate hike in full to their customers. Commonwealth Bank of Australia, National Australia Bank, Australia and New Zealand Banking Group and Westpac Banking Corp all lifted …
Australia’s ‘big four’ banks pass on full 50 bp variable mortgage rate hike Read More »
STOCKHOLM (Reuters) – Scandinavian airline SAS headed into the third day of a crippling pilot strike, cancelling well over half its flights on Wednesday, as it geared up for the first court date in its bankruptcy proceedings later in the week. The carrier, whose biggest owners are the Swedish and the Danish states, filed for …
Pilot strike grounds more SAS flights as Chapter 11 court date nears Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. government on Tuesday reassigned 16 peak-hour runway timings at congested Newark Airport in New Jersey to Spirit Airlines from Southwest Airlines, saying this would boost competition and help reduce costs for travelers. The move “secures low-cost service options for Newark customers and improves competition in the Newark …
U.S. shifts peak-hour flight approvals to Spirit Airlines at Newark Read More »
By Carolina Mandl NEW YORK (Reuters) -Hedge fund manager Bridgewater Associates’ flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year, according to a source familiar with the matter, beating sharp market declines. Pure Alpha’s return net of fee increase was helped by the Federal Reserve’s decision to raise interest …
Bridgewater’s flagship fund posts gains of 32% through June Read More »
By Sabrina Valle HOUSTON (Reuters) -Wall Street analysts sharply increased their Exxon Mobil Corp second-quarter profit estimates on Tuesday, after the largest U.S. oil producer projected it could almost double its first-quarter earnings. Exxon’s preview, released on Friday, signaled strong results ahead by oil companies and refiners and brought renewed criticism from the White House …
Exxon profit set to soar again; White House wants more oil Read More »
