By Scott Malone WASHINGTON (Reuters) -Democratic U.S. Senator Kyrsten Sinema said on Thursday she agreed to “move forward” on a $430 billion drug pricing, energy and tax bill, subject to a Senate arbiter’s approval of the bill, which Democrats intend to pass over Republican objections. Senate Majority Leader Chuck Schumer said earlier on Thursday the …
Key U.S. Senator Sinema agrees to $430 billion drug, energy bill Read More »
WASHINGTON (Reuters) -U.S. President Joe Biden met Thursday with labor leaders and CEOs from General Motors, Carrier, Kaiser Permanente and other companies to press Congress to pass the drug, climate and tax bill recently introduced by Democrats. “Pass it. Pass it, get it to my desk, pass it for the American people. Pass it for …
Biden meets CEOs of GM, Carrier, urges Congress to pass drug, tax bill Read More »
By Sruthi Shankar and Medha Singh (Reuters) -Wall Street’s main indexes ended mixed in a dull session on Thursday as gains in high-growth stocks offset losses in energy shares, with investors looking ahead to monthly jobs report for clues on the pace of interest rate hikes by the Federal Reserve. The tech-heavy Nasdaq hit a …
Wall Street ends mixed as investors eye jobs data Read More »
By Giuseppe Fonte, Angelo Amante and Giselda Vagnoni ROME (Reuters) -Italy approved on Thursday a new aid package worth around 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and rising consumer prices. The scheme, one of the last major acts by outgoing Prime Minister Mario Draghi before a …
Italy unveils new $17.4 billion package against inflation Read More »
By Ana Mano SAO PAULO (Reuters) – Fertilizer deliveries to Brazilian farmers will stabilize or fall in 2022, an executive at Norway’s Yara [YAR.OL], a major supplier, told Reuters on Thursday, citing a global rise in prices that is also causing domestic logistical bottlenecks. Deliveries of crop nutrients have been growing steadily since at least …
Brazil fertilizer deliveries to stabilize or fall as cost woes weigh – Yara executive Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian dollar edged lower against its broadly weaker U.S. counterpart on Thursday as a drop in oil prices offset data showing that Canada’s trade surplus widened in June. The loonie was trading 0.1% lower at 1.2850 to the greenback, or 77.82 U.S. cents, after moving in a range …
C$ underperforms G10 peers as oil suffers ‘brutal’ selloff Read More »
ROME (Reuters) – Italy’s government on Thursday approved an economic aid package worth 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and consumer prices, Prime Minister Mario Draghi said. The new measures, which come on top of some 35 billion euros budgeted since January to soften the impact …
Italy approves anti-inflation package worth 17 billion euros-PM Read More »
By Jorgelina do Rosario (Reuters) – Argentine Economy Minister Sergio Massa instructed finance officials to halt all new temporary cash transfers from the treasury to pay for government spending effective Thursday, according to an official document seen by Reuters. The instructions in a memo dated Thursday confirm the austerity measure outlined by Massa in a speech he gave …
Argentina’s Massa orders immediate halt to transfers for spending -document Read More »
BERLIN (Reuters) – Germany’s cabinet has agreed to introduce a planned levy on gas consumers from October to help suppliers hit by soaring gas import prices caused by Russia’s invasion of Ukraine, the economy ministry said on Thursday. The plan, announced last week, comes as Europe’s biggest economy tries to reduce its dependence on Russian …
German cabinet agrees to gas levy for consumers from October Read More »
FRANKFURT (Reuters) – Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a European Central Bank survey showed on Thursday. The Consumer Expectations Survey, used by policymakers for input in their deliberations and published on Thursday for the …
Euro zone consumers brace for recession and high inflation – ECB survey Read More »
