U.S. wholesale inventories rise strongly; first-quarter GDP seen revised slightly up

WASHINGTON (Reuters) -U.S. wholesale inventories increased solidly in March and the pace of accumulation in the prior month was stronger than previously reported, which could lead to a small upward revision to the first-quarter gross domestic product estimate.

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09-05-2022

Musk's Twitter deal at risk of being repriced lower - Hindenburg

Short-seller Hindenburg Research on Monday warned of a "significant risk" that Elon Musk's $44-billion deal to take Twitter Inc private could get repriced lower, sending the shares of the social media platform down 4%.

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09-05-2022

Canada's Rogers, Shaw slump on antitrust hurdle to $16 billion deal

Shares of Rogers Communications Inc and Shaw Communications Inc sank on Monday after regulatory opposition threatened to derail their $16 billion deal that would create Canada's No.2 cellular and cable operator.

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09-05-2022

BoE's Saunders worries inflation will be higher than forecasts

LONDON (Reuters) -Bank of England policymaker Michael Saunders, who called in vain for a big interest rate hike last week, said inflation risked exceeding BoE forecasts that already go above 10%, and urged the BoE to "lean heavily" against it.

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09-05-2022

U.S. consumer short-term inflation outlook dips, spending plans rise -NY Fed survey

U.S. consumers' inflation expectations one year from now dipped in April but their view of inflation over the medium-term rose and household spending expectations also climbed to a record high, according to a Federal Reserve Bank of New York survey published on Monday.

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09-05-2022

Exxon Billings, Montana, CDU repairs to continue at least three weeks -sources

Repairs to the crude distillation unit (CDU) at Exxon Mobil Corp’s 61,500 barrel-per-day (bpd) Billings, Montana, refinery are planned to continue for at least another three weeks, said sources familiar with plant operations.

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09-05-2022

Airline body IATA sees industry recovery now in 2023

RIYADH (Reuters) -The head of the world's biggest airline trade body said on Monday passenger traffic was recovering faster than expected and that, on average, the industry could now see those figures return to pre-pandemic levels in 2023, a year earlier than expected.

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09-05-2022

EU considers more funds for eastern states in bid for deal on Russia oil ban

BRUSSELS (Reuters) -The European Commission is considering offering landlocked eastern European Union states more money to upgrade oil infrastructure in a bid to convince them to agree to an embargo on Russian oil, an EU source told Reuters on Monday.

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09-05-2022

U.S. wholesale inventories unrevised in March

U.S. wholesale inventories increased solidly in March, though the pace slowed from the prior month amid rising sales, government data showed on Monday.

newspaper

09-05-2022