BoE's Pill Sees Need For Further Interest Rate Rises
The Bank of England will need to raise interest rates further to combat the risk of self-perpetuating price rises, the central bank's chief economist, Huw Pill, said on Friday.
China Quietly Increases Purchases Of Low-priced Russian Oil
China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.
Analysis-Fearing Russian Cutoff, German Industry Braces For Gas Rations Race
German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms.
JPMorgan Targets More Of Germany's Mittelstand Economic Engine
JPMorgan Chase & Co plans to make further inroads in Germany by targeting more of the medium-sized firms that form the backbone of Europe's largest economy, executives at the U.S.
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Russia Says Mariupol Battle At End As Ukrainian Defenders Surrender
Russia says Mariupol battle at end as Ukrainian defenders surrender
Crown Shareholders Approve Blackstone Deal; Regulatory Nods May Pose Delay
Crown Resorts Ltd's shareholders approved a $6.3 billion buyout by Blackstone Inc on Friday, but the deal faces further delays as it awaits nods from the regulators of states where the troubled casino operator ran its businesses.
China Rate Cut Boosts Asian, European Stocks
China rate cut boosts Asian, European stocks
Bolsonaro To Meet Elon Musk In Brazil: Government Source
Bolsonaro to meet Elon Musk in Brazil: government source
New Zealand Central Bank To Hike Cash Rate By Another Half Point On May 25: Reuters Poll
New Zealand's central bank will hike its policy interest rate by half a percentage point to counter soaring inflation when it meets on May 25, making a hike of that magnitude for the first time at successive meetings, a Reuters poll found.
Dollar Set For First Losing Week In Seven Amid U.S. Yield Retreat
The U.S. dollar was headed for its worst week since early February against major peers on Friday, weighed down by a retreat in Treasury yields and fatigue after the currency's breathless 10%, 14-week surge.
Dollar Loses Steam After Weeks-long Rally
The U.S. dollar was headed for its worst week since early February versus major peers on Friday, as some of the heat faded from the currency's breakneck 10% surge.
93,000 Hoverboards Sold At Best Buy Are Being Recalled
They were sold at Best Buy stores nationwide and on BestBuy.com.
'Straight To Your Soul': Japan's Taiko Reinvents Drum Tradition
'Straight to your soul': Japan's taiko reinvents drum tradition
Bank Indonesia To Pull Rates Lever In Q3, June Move Possible: Reuters Poll
Bank Indonesia will wait a few more months to raise rates from a record low despite rising inflation and aggressive moves by the U.S.
McGregor Return To 'Star Wars' Inspired By Love For 'Difficult' Prequels
McGregor return to 'Star Wars' inspired by love for 'difficult' prequels
Russia's Invasion Of Ukraine Sets Off Latin American Fertilizer Race
Russia's invasion of Ukraine sets off Latin American fertilizer race
Samsung Leader Lee Excused From Trial Hearing As Biden To Tour S.Korea Chip Plant
Samsung Electronics Vice Chairman Jay Y. Lee has been excused from attending an accounting fraud trial hearing on Friday, a court spokesperson said, as he is expected to host the U.S.
Samsung Boss Lee Hosts Biden, Yoon In Tour Of S.Korea Chip Plant
Samsung Electronics Vice Chairman Jay Y. Lee hosted U.S.
IMF Urges Asia To Be Mindful Of Spillover Risks From Tightening
Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is unwound faster than expected, International Monetary Fund(IMF) Deputy Managing Director Kenji Okamura said.
Oil Steadies As Supply Risks Encounter Economic Headwinds
Oil prices steadied on Friday, setting them on course for little change on the week, as a planned European Union ban on Russian oil balanced demand concerns over slowing economic growth.
Oil Steadies As Economic Growth Worries Counter Supply Risks
Oil prices steadied on Friday, setting them on course for little change on the week, as a planned European Union ban on Russian oil balanced concerns that slowing economic growth will hurt demand.
Oil Steady As Economic Worries Offset Possible China Demand Rise
Oil prices were little changed on Friday as worries about weaker economic growth offset expectations that crude demand could rebound in China as Shanghai lifts some coronavirus lockdowns.
American Airlines Gets Favorable Antitrust Verdict, And $1 In Damages
A federal jury on Thursday ruled in favor of American Airlines Group Inc in its long-running lawsuit accusing flight booking service Sabre Corp of charging excessive fees and suppressing competition, but awarded the carrier just $1 in damages.
U.S. Judge Recuses Himself From Archegos Fraud Case, Citing Wife's Ties To Banks
Archegos Capital Management founder Bill Hwang will get a new judge for his U.S.
Retail Sales Are Still Strong, So Why Are Profits Off For Walmart And Target?
Both companies reported lackluster first-quarter financial results this week and provided disappointing guidance for the quarter ahead.
Yellen Says G7 To Give Ukraine Funds It Needs 'To Get Through This'
U.S. Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide Ukraine the financial resources it needs in its struggle against Russia's invasion, and that policymakers are determined to meet their inflation targets.
Google Lands In Congress’ Crosshairs As New Antitrust Bill Threatens To Break Up Tech Giant
The Competition and Transparency in Digital Advertising Act would have broad revenue implications for the tech giant.
US Economy: Businesses To Hire Despite Inflation, Post-Pandemic Economic Uncertainty
Businesses expect to hire in the third quarter despite poor economic indicators.
Tesla Investor Calls For Share Buyback After Musk's Twitter Deal Hurts Stocks
Leo KoGuan, a major individual investor in Tesla, on Thursday called on the electric carmaker to buy back shares, after Tesla stocks took a hit from CEO Elon Musk's deal to buy Twitter.
Analysis-'Retail Apocalypse': Wall Street Shaken By Inflation-induced Earnings Hits
Walmart, Target and Kohl's were among major retailers that reported earnings this week that missed Wall Street expectations by the widest margin in at least five years, underscoring the wallop four-decade-high inflation is bringing to U.S.
Rodent-Infested Family Dollar Warehouse To Shutter, 320 Workers Fired
Family Dollar said the 30-year-old warehouse was closing because it was not adequately serving the “needs and requirements of our stores and customers.”
Harley-Davidson Shares Fall As It Suspends Plants For 2 Weeks
Harley-Davidson shares fall as it suspends plants for 2 weeks
WhatsApp To Launch Cloud-based Tools, Premium Features For Businesses
WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company's messaging event on Thursday.
WhatsApp To Launch Cloud API, Premium Features To Attract Businesses
WhatsApp is introducing free cloud-based API services in a push to get more businesses using the app, Meta Platforms CEO Mark Zuckerberg announced at the company's messaging event on Thursday.
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