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20 Dec

With Biden spending plan blocked, economists cut 2022 growth forecasts

Some economists expect the U.S. economy to grow more slowly next year after a key Democratic lawmaker dealt a seemingly fatal blow to President Joe Biden's $1.75 trillion spending plan, further clouding an outlook that was facing heightened risk from the rapid spread of the Omicron variant of COVID-19.

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20 Dec

Former oil executive appeals British Unaoil bribery conviction

A man convicted in Britain over how oil contracts were secured in post-occupation Iraq lodged an appeal on Monday, in another potential blow to one of the Serious Fraud Office's (SFO) most high-profile bribery cases.

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20 Dec

Exclusive-U.S. driller Presidio in advanced talks to buy Exxon shale gas wells - sources

Presidio Petroleum LLC is in advanced talks to acquire around 5,000 shale gas wells from U.S. oil producer Exxon Mobil Corp, two people familiar with the matter told Reuters on Monday.

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20 Dec

Morgan Stanley commits $20 million for education initiative

Morgan Stanley on Monday made a $20 million commitment to an education and career initiative for students from low-to-moderate income backgrounds, the latest move by the Wall Street bank to address under-representation of specific groups.

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20 Dec

Dollar lower as Treasury yields slip; Omicron worries linger

NEW YORK (Reuters) -The dollar came under pressure on Monday as U.S. Treasury yields slipped following a blow to Democratic spending plans in Washington and on concerns about the continued spread of the Omicron coronavirus variant.

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20 Dec

Exclusive-U.S. driller Presidio in advanced talks to buy Exxon shale gas wells -sources

(Reuters) -Presidio Petroleum LLC is in advanced talks to acquire around 5,000 shale gas wells from U.S. oil producer Exxon Mobil Corp, two people familiar with the matter told Reuters on Monday.

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20 Dec

New German government picks Joachim Nagel as next Bundesbank chief

FRANKFURT (Reuters) -Germany's new government has picked Joachim Nagel, a career central banker with ties to the ruling Social Democratic party, as the next Bundesbank chief, Finance Minister Christian Lindner said on Monday.

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Latest Articles

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  • 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
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