Notizia

Stocks markets sputtered on Thursday, pressured by a pullback in Chinese shares and rising bond market costs as stubbornly high European inflation and U.S. jobless claims data fuelled expectations of more global interest rate rises.

LONDON (Reuters) -World stocks sputtered on Thursday, pressured by a pullback in Chinese stocks and higher U.S. yields amid fears the Federal Reserve and European Central Bank will keep raising interest rates to combat high inflation.

A rally in Asian shares sputtered on Thursday, pressured by a pullback in Chinese stocks and higher U.S. yields amid fears that global central banks would keep raising interest rates to combat sticky inflation.

U.S. President Joe Biden is using $1.5 trillion in new federal spending to continue his push to reshape the U.S. economy, redirect corporate profits and reverse a decades-old decline in the benefits that go to workers.

(This Feb. 28 story and headline have been corrected to show the final votes ahead of the Fed meeting)

(Reuters) -Construction equipment maker Caterpillar Inc said on Wednesday it reached a tentative six-year labor agreement with a union that represents workers at its four facilities, possibly fending off a strike.

A union representing workers at four Caterpillar Inc facilities said on Wednesday it reached a tentative agreement with the world's largest construction equipment maker over wage increases and other issues, possibly averting a strike.

The boards of directors of the Atlanta and Dallas Federal Reserve Banks voted in mid-January to keep unchanged the rate charged to commercial banks for emergency loans, minutes of their discount rate meetings showed on Tuesday.

Uber's Middle Eastern business Careem will cease operations in Qatar on Tuesday, the company announced in a message sent to customers in the Gulf Arab state on Monday.