BUSINESS

US stocks pressured amid interest rate angst as euro gyrates

The U.S. Treasury 10-year yield hit a three-year high above 2.7% on Friday while the U.S.

World stocks were headed for a weekly loss on Friday as the prospect of aggressive global rate hikes finally began to rattle investors, while bonds languished and the dollar looked set to ride higher yields to its best week in a month.

Oil prices edged up on Friday in choppy trading but remained on course for a second weekly fall after countries announced plans to release crude from their strategic stocks.

Oil prices drifted lower on Friday and were set to drop around 3% for the week as consuming countries' planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia due to western sanctions.

Oil prices were set to fall around 3% for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply.

Graincorp said on Friday it expects underlying profit for fiscal 2022 to be around 2.5 times that of last year, as the Australian agribusiness firm benefits from supply constraints due to the Ukraine war, sending its shares to a record high.

A decades-old law requires an individual or a group to file a Schedule 13D if their stake in a company surpasses 5%.

The struggle to save Cuban sugar from bitter end

The U.S. dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes.

The recalled wall beds were sold online via sites including Amazon.com and Costco.com.

Toshiba pauses spin-off plan, weighs going private

Most emerging market currencies will continue to struggle against the mighty dollar over the coming year as the U.S.

A special economic zone on a tourist-centric island on Honduras' Caribbean coast has adopted bitcoin and other cryptocurrencies as legal tender, officials of the zone said on Thursday.

Amazon to fight union's win in NY labor election

France's Credit Agricole has become the single largest investor in Banco BPM after buying a 9.2% stake, raising the prospect of a full takeover bid and sending shares in Italy's third-largest lender sharply higher.

Cargo plane breaks in two during emergency landing in Costa Rica

President Joe Biden's nominees to the Federal Reserve moved a step closer to confirmation Thursday after U.S.

Chile's Boric unveils economic recovery plan

Women aged 50 and older are split about whether the economy works for them, but say politicians are handling rising prices poorly.

Kadyrov's men: a brutal force serving Putin in Ukraine

Walmart said it is boosting starting pay for its 12,000 long-haul truck drivers who deliver merchandise to its stores and Sam's Clubs locations amid a U.S.

US recession fears grow as Fed plots aggressive course

Walmart will lift starting pay for truckers to as much as $110,000 a year in the retail giant's latest move to recruit and retain logistics staff in the tight US labor market.

Russian Nobel laureate Muratov assaulted on train

Ketanji Brown Jackson to become first Black woman on US Supreme Court

Rio Tinto, General Motors and even the U.S. Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries.

Robin Hayes, the ebullient chief executive of JetBlue Airways Corp, was on an Amtrak train on Tuesday coming back from Boston when news broke that his company had made an offer to acquire Spirit Airlines Inc.

The United States is ramping up sanctions against Russia to deprive Moscow's "war machine" of money and components needed to sustain its invasion of Ukraine, but curbing Russian energy exports will take time, U.S.