Reuters US Business

By Tom Sims FRANKFURT (Reuters) -The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every meeting from now on until inflation is decisively curbed, Fed Governor Christopher Waller said on Monday, underscoring tensions at the central bank about how aggressively to tighten policy as it battles to …

Fed’s Waller backs 50 bps rate hikes until “substantial” reduction in inflation Read More »

(Reuters) – The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday. “If inflation doesn’t go away, that… rate is going a lot higher, and soon,” Waller said following a speech given to the Institute for Monetary and …

Fed’s Waller: If inflation doesn’t go away, we need to raise rates a lot higher Read More »

By Richa Naidu LONDON (Reuters) -The U.S. baby formula crisis has boosted profits at Britain’s Reckitt Benckiser and helped it grab the top spot in a $5.8 billion-a-year market. The challenge now will be to stay there. With the business reportedly up for sale, there’s even more at stake. Reckitt has ramped up production of …

As shortage persists, Reckitt tightens grip on U.S. baby formula market Read More »

(Reuters) – Russian oil producer Rosneft said on Monday that it would pay a record dividend of 41.66 roubles ($0.63) per share on its 2021 results, or 50% of its net profit. The board has recommended paying 23.63 roubles per share in a final dividend, having set its first-half dividend at 18.03 roubles per share. …

Russia’s Rosneft recommends record dividend on 2021 results Read More »

(Reuters) – Shares in Ted Baker rose 3.1% on Monday following a report that Juicy Couture owner Authentic Brands is the British fashion chain’s preferred bidder and that the two firms could agree on a 300 million pound ($379.35 million) deal. Ted Baker put itself up for sale in April, and last week said it …

Ted Baker rises on report Juicy Couture owner nears takeover Read More »

BERLIN (Reuters) – Volkswagen plans to continue operations at its plant in China’s Xinjiang region despite reports of human rights violations there, the chief executive said in comments published by the Handelsblatt newspaper on Monday. The German carmaker, which has a joint venture with China’s biggest automaker SAIC Motor, has since 2013 run a plant …

Volkswagen CEO defends operations in China’s Xinjiang, Handelsblatt reports Read More »

A look at the day ahead in markets from Julien Ponthus. What a difference a week makes! With the Dow Jones snapping out of its longest weekly losing streak in nearly a century and scoring its best week since 2020 last Friday, the narrative across stock markets has swiftly moved from meltdown fears to hopes …

Marketmind: One investor’s rebound is another’s bear rally Read More »

By Nichola Saminather TORONTO (Reuters) -Canadian banks wrapped up second-quarter earnings season last week, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside for future loan losses, raising questions among investors and analysts about whether they are too sanguine about looming risks. Rising prices and the central …

Canadian banks shrink future bad debt cushion even as economic risks mount Read More »