By David Lawder WASHINGTON (Reuters) -The United States is open to fresh negotiations with Canada to resolve a longstanding dispute over U.S. tariffs on softwood lumber but a core sticking point remains, U.S. Trade Representative Katherine Tai said on Wednesday. Tai told a U.S. Senate Appropriations subcommittee meeting that a new lumber trade agreement requires …
U.S. open to new lumber talks with Canada, USTR Tai says Read More »
By Lewis Krauskopf, Devik Jain and Anisha Sircar (Reuters) – Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell’s comments on the central bank’s aim to bring down inflation. After opening lower, major U.S. indexes had erased losses following …
Wall Street ends lower after Powell remarks, as energy shares drag Read More »
(Reuters) -Media mogul Rupert Murdoch and actress Jerry Hall are getting a divorce, the New York Times reported on Wednesday, citing two people familiar with the matter. Murdoch got married to Hall in a low-key ceremony in central London in March 2016. The Fox Corp chairman and his former supermodel wife were frequent fodder for …
Rupert Murdoch and Jerry Hall are getting a divorce – NYT Read More »
By Timothy Gardner WASHINGTON (Reuters) -U.S. President Joe Biden wants Congress to suspend the federal fuel tax for three months to help lower record gasoline prices that threaten some of his fellow Democrats who are candidates in the Nov. 8 congressional elections. Here are the main issues surrounding a fuel tax holiday: WHAT ARE THE …
Explainer-Biden’s U.S. fuel tax holiday plan no easy relief for gas prices Read More »
DOHA (Reuters) -Boeing expects supply chain problems to persist almost until the end of 2023, led by labour shortages at mid-tier and smaller suppliers, partly due to the faster-than-expected return of demand, its chief executive said on Wednesday. Boeing said last month that production of its 737 aircraft had been slowed by shortages of a …
Boeing expects supply chain problems to last through most of 2023 Read More »
LONDON (Reuters) -Mike Ashley’s Frasers Group said on Wednesday it has increased its maximum exposure to Hugo Boss to $937 million and reiterated its support for the German fashion brand’s strategy and management team. Frasers, which was formerly called Sports Direct and is on a drive to move upmarket, said it now holds 4.9% of …
Mike Ashley’s Frasers raises Hugo Boss exposure up to $937 million Read More »
By Alexander Cornwell and Tim Hepher DOHA (Reuters) – Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus and Qatar’s national carrier. From a distance, the planes might seem like any other …
Exclusive: Inside the hangar at the centre of the $1 billion Airbus-Qatar jet dispute Read More »
MOSCOW (Reuters) – The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro, supported by capital controls, a favourable upcoming tax period and Russia’s trade surplus. At 0734 GMT, the rouble was 1.4% stronger against the dollar at 53.07, earlier strengthening to 52.80, its strongest mark since June …
Russian rouble firms to 7-year high past 53 vs dollar in Moscow trade Read More »
By David Lawder ROSEBUD, South Dakota (Reuters) – U.S. President Joe Biden on Tuesday announced his intention to appoint Mohegan Indian Tribe Lifetime Chief Marilynn Malerba as U.S. Treasurer, marking the first time a Native woman’s signature will appear on U.S. currency. U.S. Treasury Secretary Janet Yellen, who is visiting the Rosebud Sioux Tribe in …
Biden appoints first Native woman as U.S. Treasurer, with signature on money Read More »
By Mike Scarcella (Reuters) – A group of drivers for Uber Technologies Inc and Lyft Inc on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in an antitrust lawsuit in California state court. The lawsuit https://fingfx.thomsonreuters.com/gfx/legaldocs/klvykrnkmvg/Uber-Lyft%20Complaint.pdf seeking class action status in San Francisco Superior Court alleged violations of California …
Uber, Lyft drivers claim price-fixing in lawsuit against companies Read More »
