High risk of half-percentage-point Fed rate hike in 2022, economists say

There is a high risk the Federal Reserve will raise interest rates by half a percentage point sometime this year, according to economists polled by Reuters who also upgraded their inflation outlooks and said they may have to do so again.

newspaper

09-03-2022

UAE favors oil production increase -media, citing ambassador to U.S

The United Arab Emirates favors an oil production increase and will be encouraging OPEC to consider higher output, CNN and the Financial times reported on Wednesday, citing a statement from the UAE's ambassador to Washington.

newspaper

09-03-2022

Prudential flags Ukraine conflict risks after 2021 profit rise

HONG KONG/LONDON (Reuters) -Prudential PLC notched up a 16% rise in 2021 operating profit after it strengthened its focus on Asia, though it warned of implications for global markets and the economy from Russia's invasion of Ukraine.

newspaper

09-03-2022

Texas regulators seek punishment for pro-Trump lawyer Sidney Powell

Texas legal regulators have asked a judge to discipline attorney Sidney Powell for filing lawsuits they say were frivolous in support of former President Donald Trump's false claims of election fraud.

newspaper

09-03-2022

SEC, following Musk's criticism, ready to distribute funds from Tesla settlement

The top U.S. securities regulator asked a judge for permission to distribute $40 million to investors it obtained in a 2018 civil settlement with Elon Musk and Tesla Inc that resolved a fraud charge and required Musk to obtain advance approval for some tweets.

newspaper

09-03-2022

Bitcoin rallies after Biden signs executive order on digital assets

Bitcoin surged on Wednesday after President Joe Biden signed an executive order that requires U.S. government agencies to assess benefits and risks of creating a central bank digital dollar and other cryptocurrency issues.

newspaper

09-03-2022

Japanese airline ANA plans belt-tightening before fare hikes - incoming CEO

TOKYO (Reuters) -Japanese airline operator ANA Holdings Inc will only raise airfares as a last resort to cover European route changes, its incoming chief executive said on Wednesday, adding that it would focus on belt-tightening first.

newspaper

09-03-2022

Bitcoin jumps ahead of Biden's order on digital assets

(Reuters) -Bitcoin surged on Wednesday ahead of an executive order that U.S. President Joe Biden will sign on digital assets which is likely to raise the legitimacy of virtual currencies in the U.S. financial system.

newspaper

09-03-2022

Russian rouble drops to record lows amid fresh sanctions

(Reuters) -Russia's rouble tumbled to record lows in onshore trading on Wednesday despite measures by Moscow to shore up its battered economy and safeguard hard currency availability amid fresh economic sanctions over its invasion of Ukraine.

newspaper

09-03-2022