FRANKFURT (Reuters) – Germany’s Lufthansa group is suspending flights to and from the Ukrainian cities of Kyiv and Odessa, a spokesperson said on Saturday amid growing fears of a possible Russian invasion. The company, which owns Germany’s flagship carrier as well as Eurowings, Swiss, Brussels and Austrian Airlines, will conduct some last flights to those …
Lufthansa to suspend flights to Kyiv, Odessa from Monday Read More »
(Reuters) – NextEra Energy Inc said one of its units recorded an $800 million impairment charge in the first quarter as the U.S. renewable energy company re-evaluates its investment in the long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia. NextEra said in a U.S. Securities and Exchange Commission filing on Friday that …
NextEra takes $800 million charge for WV-VA Mountain Valley natgas pipe Read More »
(Reuters) – Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand against soaring prices. Data last week showed U.S. consumer prices rose at their fastest pace since the early 1980s, fuelling market speculation …
Factbox-What global banks forecast for Fed rate hikes in 2022 Read More »
(Corrects typographical error in paragraph 4) By Chavi Mehta and Nivedita Balu (Reuters) – Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc, its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said. Intel, which plans …
Intel’s new chip plans could turn rival AMD’s fortunes- analysts Read More »
By Jonnelle Marte and Howard Schneider (Reuters) -Federal Reserve officials on Friday squelched what had been rising market expectations for an aggressive initial response to 40-year-high U.S. inflation, signaling that steady interest rate hikes should be enough to do the trick. “I don’t see any compelling argument to taking a big step at the beginning,” …
Fed officials lean against large increase to kick off rate hikes Read More »
By Susan Mathew and Noel Randewich (Reuters) – Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warnings of a potential Russian invasion prompted investors to dump risky assets in the run-up to a long weekend. The Nasdaq fell sharply, pulled down by declines in high-growth stocks, including Apple, Amazon and …
Wall Street ends lower as investors eye Ukraine conflict Read More »
(Reuters) – Federal Reserve chief Jerome Powell will testify before Congress on March 2 and 3 in what are likely to be his final public remarks on monetary policy before the U.S. central bank begins raising interest rates to fight decades-high inflation. Powell will deliver his regular semiannual monetary policy update to the U.S. House …
Fed chief Powell to give policy update to Congress in early March Read More »
(Reuters) – Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has already started marketing the fund and may exceed the target, according to the report, which cited a person familiar with the matter. A company spokesperson declined to comment. Brookfield …
Brookfield to target $25 billion for largest infrastructure fund – Bloomberg News Read More »
By Nia Williams CALGARY, Alberta (Reuters) -Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion). Trans Mountain Corp (TMC) also delayed the finish date of the expansion by a …
Canada govt to stop funding Trans Mountain oil line project as costs soar 70% Read More »
By Dietrich Knauth and Tom Hals (Reuters) -The Sackler family owners of Purdue Pharma LP have proposed a new and larger settlement worth up to $6 billion to resolve allegations that the OxyContin maker and its owners contributed to the deadly U.S. opioid epidemic, a mediator’s report showed on Friday. The mediator, U.S. Bankruptcy Judge …
Purdue’s Sackler owners propose up to $6 billion opioid settlement Read More »
