Category Archives:
Fed seen keeping to big rate hikes as inflation stays hot
(Reuters) - Federal Reserve policymakers, who have driven U.S. borrowing costs up faster this year than any time since the 1980s, got one less reason to slow that pace Friday after a government report...
Sep 30, 2022
Fed’s Brainard warns against premature rate cuts in face of high inflation
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Vice Chair Lael Brainard said on Friday the U.S. central bank will need to maintain higher interest rates for some time as part of its effort t...
Sep 30, 2022
Italy extends deadline for ITA Airways takeover talks, sources say
MILAN (Reuters) - Italy has extended to Oct. 31 the deadline for exclusive talks with a consortium led by U.S. private equity fund Certares over a majority stake in ITA Airways, two sources close to t...
Sep 30, 2022
Mercedes says comprehensive trade deal with EU could make India an export hub
By Aditi Shah NEW DELHI (Reuters) - A comprehensive trade deal between India and the European Union could pave the way for Mercedes-Benz to produce more cars in the South Asian nation, potentially mak...
Sep 30, 2022
Shocked by gas bills, thrifty Dutch stockpile coal, wood for winter
By Stephanie van den Berg VEENENDAAL, Netherlands (Reuters) - The budget-conscious Dutch, who enjoyed abundant cheap gas for half a century to heat their homes, are turning to more traditional heating...
Sep 30, 2022
About 233,000 still without power in Puerto Rico days after Fiona
NEW YORK (Reuters) - An estimated 233,000 homes and businesses were still without power in Puerto Rico on Friday almost two weeks after Hurricane Fiona caused an island-wide outage for its 3.3 million...
Sep 30, 2022
U.S. consumer spending rebounds in August; inflation picks up
WASHINGTON (Reuters) - U.S. consumer spending rebounded in August, but aggressive interest rate hikes from the Federal Reserve as it battles stubbornly high inflation are slowing demand, which could l...
Sep 30, 2022
Marlboro maker Altria opts to end non-compete deal with Juul
(Reuters) -Marlboro maker Altria Group Inc said it had exercised the option to be released from its non-compete deal with Juul Labs Inc, nearly four years after buying a 35% stake in the e-cigarette m...
Sep 30, 2022
Insurers brace for hit from Florida’s costliest storm since 1992
(Reuters) - Insurers are bracing for a hit of between $28 billion and $47 billion from Hurricane Ian, in what could be the costliest Florida storm since Hurricane Andrew in 1992, according to U.S. pro...
Sep 30, 2022
Ericsson wins Greenland 5G deal
OSLO (Reuters) - Swedish telecom equipment maker Ericsson has been contracted to build a 5G network in Greenland, initially covering three towns, local phone company Tusass said on Friday. Deploying E...
Sep 30, 2022
Peoria, IL, USA
60 °F Heavy Rain With Thunderstorm, Mist
