(Reuters) – Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in the second ha[...]
Read more
Economy
Dollar jumps as Powell flags higher terminal rate
By Karen Brettell NEW YORK (Reuters) – The dollar hit a three-month month high against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is l[...]
Read more
ECB’s Holzmann Calls for Four More 50 Bps Rate Hikes- Handelsblatt
BERLIN (Reuters) – The European Central Bank should raise interest rates by 50 basis points at each of its next four meetings as inflation is proving to be stubborn, Austrian central bank chief[...]
Read more
Investors Pour the Most into Cash Since Covid in Latest Week – BofA
LONDON (Reuters) – Investors poured more money into cash funds in the week to Wednesday than at any time since the depths of the pandemic in 2020, a report from BofA Global Research showed on Fr[...]
Read more
Stellantis to Invest $155 Million in U.S. To Produce New Electric Drive Modules
MILAN (Reuters) – Stellantis said on Tuesday it will invest a total of $155 million in three plants located in Kokomo, Indiana, to produce new electric drive modules (EDM) that will be fitted in[...]
Read more
Aviation industry turns to childcare, free iPhones to lure workers
By Allison Lampert and Rajesh Kumar Singh (Reuters) -The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where[...]
Read more
Audi Mulls U.S. Plant as IRA Subsidies Draw Carmakers
By Victoria Waldersee BERLIN (Reuters) -Volkswagen-owned Audi may build a factory in the United States in light of the Inflation Reduction Act, it said on Friday, the latest company to consider invest[...]
Read more
Yellen says U.S. to resume discussions on economic issues with China at ‘appropriate time’
By David Lawder BENGALURU (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the United States would resume discussions with China on economic issues “at an appropriate time”[...]
Read more
With inflation still the focus, Fed minutes show openness to higher rates endgame
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -Nearly all Federal Reserve policymakers rallied behind a decision to further slow the pace of interest rate hikes at the U.S. central ban[...]
Read more