Dollar slides to one-month low as Lagarde comments boost euro

The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President Christine Lagarde said eurozone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.

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24-05-2022

Saudi foreign minister does not expect immediate global oil shortage

Saudi Arabia does not expect an immediate shortage of oil and only a certain shortage of oil products, the country's foreign minister Prince Faisal bin Farhan Al Saud said on Tuesday when asked why Riyadh has rebuffed U.S. calls to raise production.

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24-05-2022

Workers at French window maker trade perks for pay hike to beat inflation

When its employees started leaving in droves for better-paying jobs across the border in Switzerland, family-run French window maker Fligitter knew it needed to do something to retain staff.

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24-05-2022

Police search McKinsey's Paris office in tax fraud probe

PARIS (Reuters) -Police on Tuesday raided McKinsey's Paris office in relation to an investigation into suspected tax fraud, the financial prosecutor's office said.

newspaper

24-05-2022

Police search McKinsey's office in Paris in tax fraud probe

PARIS (Reuters) -Police searched on Tuesday the Paris office of U.S. management consultancy McKinsey in relation to an investigation into suspected tax fraud, the financial prosecutor's office said.

newspaper

24-05-2022

McKinsey's Paris office searched by authorities - reports

Authorities carried out a search on Tuesday at the Paris office of U.S. management consultancy McKinsey, reported Le Parisien paper and Agence France Presse (AFP).

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24-05-2022

Oil rises as tight supply counters economy fears and China curbs

LONDON (Reuters) -Oil rose on Tuesday, recovering earlier losses, as tight global supply and an expected pick-up in fuel demand during the U.S. summer driving season balanced concerns over a possible recession and China's COVID-19 curbs.

newspaper

24-05-2022

Argentine bills strain wallets (literally) amid inflation drain

Argentine peso bills, devalued by years of inflation now soaring near 60%, are starting to cause a literal strain on wallets - with the largest banknote in circulation worth under $5 in commonly used exchange markets.

newspaper

24-05-2022

OECD chief 'quietly optimistic' about EU global minimum tax deal approval

The head of the Organisation for Economic Cooperation and Development (OECD) on Tuesday said he was "quietly optimistic" a landmark deal to establish a global minimum tax will be approved by European Union members but implementation may not occur until 2024.

newspaper

24-05-2022