Fed's Powell, Jefferson to get Senate nod this week

(Reuters) -Jerome Powell, nominated for a second term as chair of the U.S. Federal Reserve, could win Senate confirmation as soon as late Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown.

newspaper

11-05-2022

Shares turn red in volatile session, yields fall after U.S. inflation data

Wall Street stocks fell sharply with Treasury yields in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown.

newspaper

11-05-2022

Fed's Powell could get Senate renomination nod Wednesday

Jerome Powell, nominated for a second term as chair of the Federal Reserve by President Joe Biden, could get U.S. Senate confirmation late on Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown.

newspaper

11-05-2022

Boeing sees progress on 787, China, but supply chain risks loom

Boeing Co said on Wednesday it would study an equity raise after unlocking deliveries of its 787 and returning its cash-cow 737 MAX to service in China, but flagged supply chain risks amid broader certification and industrial problems.

newspaper

11-05-2022

Dreyfus sees larger Brazil shift to ethanol, warns of sugar shortage

NEW YORK (Reuters) -Global commodities trader Louis Dreyfus projected on Wednesday that Brazilian mills will divert a larger-than-expected amount of sugarcane to ethanol production due to high energy prices, causing a reduction in global sugar supplies.

newspaper

11-05-2022

Ubisoft expects lower profits in 2022-23 after missing full-year estimate

(Reuters) -French video game group Ubisoft on Wednesday forecast lower operating profit for 2022-23 after the company reported operating income for 2021-22 that missed estimates.

newspaper

11-05-2022

Barrick boosts stocks at mines to weather supply chain storm, CEO says

CAPE TOWN (Reuters) -Barrick Gold Corp has nearly doubled its inventory of some key supplies at mines to weather the disruptions caused by Russia's invasion of Ukraine, Chief Executive Mark Bristow told Reuters on Wednesday.

newspaper

11-05-2022