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09 May

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 May

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.

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09 May

Pro-military symbols adorn shop windows of western brands in Moscow

Salvatore Ferragamo and De Beers branded stores were decked out with pro-military symbols to mark Russia's annual Victory Day parade on Monday, demonstrating how little control high-end retailers have over how their goods are sold in the country.

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09 May

Japan expects launch of U.S. Indo-Pacific economic plan during Biden visit

President Joe Biden's visit to Japan this month is expected to coincide with the formal launch of a new U.S. economic strategy for the Indo-Pacific, even as China seeks "very aggressively" to fill a void since Washington quit a regional trade pact, Tokyo's ambassador to the United States said on Monday.

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09 May

Wall St slides at open as rising bond yields hit growth stocks

Wall Street's major indexes opened lower on Monday as rising U.S. Treasury yields amid prospects of aggressive monetary policy tightening weighed on growth stocks, with the sentiment taking a hit from fears of an economic slowdown in China.

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09 May

Indonesian president plans to meet Elon Musk over nickel -minister

Indonesian President Joko Widodo is planning to meet Elon Musk during an upcoming U.S. visit, a minister said on Monday, as the Southeast Asian country seeks to accelerate development of its nickel industry to supply batteries for electric vehicles.

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09 May

BoE's Saunders says he's worried inflation will be higher than forecasts

Bank of England policymaker Michael Saunders, who last week backed a bigger interest rate rise than most of his colleagues, said he was worried that inflation exceed BoE's forecasts which see it topping 10% later this year.

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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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