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09 May

Bostic says inflation may cool faster, leaving less for Fed to do

Atlanta Federal Reserve President Raphael Bostic on Monday said he expects the U.S. central bank will need to deliver two or three more half-percentage-point interest rate hikes but nothing bigger to bring high inflation down, noting that he already sees signs of supply pressures peaking.

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09 May

Benettons change name of Atlantia bid vehicle after Genoa backlash

Italy's Benetton family will change the name of the investment vehicle bidding to take control of Italian infrastructure group Atlantia after protests on behalf of the victims of the 2018 Genoa bridge disaster.

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09 May

Treasury's Yellen says U.S. financial system operating in 'orderly manner'

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday the U.S. financial system was functioning in an "orderly manner" despite the current stock market sell-off, and valuations of some assets remain high compared to historical values.

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09 May

Philip Morris in talks to buy smaller rival Swedish Match

(Reuters) -Philip Morris International Inc is in talks to buy rival Swedish Match AB, the companies said on Monday, as the Marlboro maker looks to expand its smoke-free options amid rising global scrutiny on the sale of traditional cigarettes.

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09 May

BlackRock cuts back on China exposure on macro, geopolitical concerns

BlackRock trimmed its exposure to Chinese stocks and government bonds, and Asian fixed income more widely, to neutral from a slight overweight, citing a worsening macroeconomic outlook as well as geopolitics.

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09 May

Repairs at Exxon's Montana refinery to continue for at least 3 weeks, sources say

HOUSTON (Reuters) -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 May

Exclusive-Germany, Qatar at odds over terms in talks on LNG supply deal -sources

Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar with the discussions told Reuters.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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