By Marcelo Teixeira NEW YORK (Reuters) – Demand for coffee in non-producing countries showed a healthy recovery in the first quarter, although there are signs of possible slowdowns in demand in Russia and China for the coming quarters, analysts from Rabobank said in a report on Friday. It said “coffee disappearance,” a term indicating the …
Coffee demand up but not yet percolating at pre-pandemic levels -report Read More »
By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) – Elon Musk’s rejection of environmental, social and corporate governance (ESG) scores as a “scam” highlights how Wall Street’s hottest investment trend that encompasses some $35 trillion in assets means different things to different people. The chief executive of Tesla Inc lashed out on Wednesday against S&P …
Analysis-Musk’s ESG attack spotlights $35 trillion industry confusion Read More »
(Reuters) – The Russian rouble gained more than 7% against the dollar on Friday, hitting levels last seen in March 2018, boosted by capital controls and domestic tax payments that usually lead to increased demand for the currency. The rouble has firmed by nearly 30% so far this year, despite a full-scale economic crisis, becoming …
Russian rouble rallies to March 2018 level against dollar Read More »
(Corrects second paragraph to make clear the decline was in the index and not the level) By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, reaching a four month-high and potentially hinting at some cooling in demand for workers amid tightening financial conditions. Still, …
U.S. labor market in spotlight as weekly jobless claims hit 4-month high Read More »
By Luc Cohen NEW YORK (Reuters) – Archegos Capital Management founder Bill Hwang will get a new judge for his U.S. fraud trial, after the judge assigned to the case recused himself on Thursday due to his wife’s ties to banks that could have been caught in the investment firm’s meltdown. U.S. District Judge Andrew …
U.S. judge recuses himself from Archegos fraud case, citing wife’s ties to banks Read More »
(Reuters) – Applied Materials forecast third-quarter revenue below expectations on Thursday, suggesting that supply bottlenecks, exacerbated by the lockdowns in China, would hamper its ability to meet demand for its chipmaking tools. Shares of the chip tools maker fell 5.1% to $105.10 in extended trading. A semiconductor and parts shortage for machines used to produce …
Applied Materials forecasts third-quarter revenue below estimates Read More »
By Sabrina Valle (Reuters) -Exxon Mobil Corp on Thursday said it signed a deal to sell North Texas natural gas properties to producer BKV Corp for $750 million, as part of a wider move to shed unwanted assets. Exxon, the top U.S. oil producer, set a goal three years ago to sell by last December …
Exxon to sell north Texas gas assets to BKV for $750 million Read More »
By Devik Jain and Noel Randewich (Reuters) – Wall Street ended lower after a volatile session on Thursday, with Cisco Systems slumping after giving a dismal outlook, while investors fretted about inflation and rising interest rates. Shares of Cisco slumped 13.7% after the networking gear maker lowered its 2022 revenue growth outlook, taking a hit …
WASHINGTON (Reuters) -The Federal Reserve is not targeting equity markets in its battle against inflation, but that is “one of the avenues” where the impact of tighter monetary policy will be felt, Kansas City Fed President Esther George said on Thursday. “What we are looking for is the transmission of our policy through markets’ understanding …
Fed not gunning for stocks, but may need to for inflation to fall Read More »
By David Lawder KOENIGSWINTER, Germany (Reuters) – U.S. Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide Ukraine the financial resources it needs in its struggle against Russia’s invasion, and that policymakers are determined to meet their inflation targets. Yellen, speaking to reporters after the first day of a G7 …
Yellen says G7 to give Ukraine funds it needs ‘to get through this’ Read More »
