Category Archives:
EU countries spar over 275 euros/MWh gas cap proposal
By Gabriela Baczynska BRUSSELS (Reuters) -The 27 European Union countries disagreed on Wednesday over a proposal by the bloc's executive to cap future gas prices at 275 euros per megawatt-hour (MWh), ...
Nov 23, 2022
Bank deposit rates lag changes in Fed policy rate, NY Fed analysts say
NEW YORK (Reuters) - U.S. savers are being left behind by the Federal Reserve's aggressive campaign of interest rate rises, and that's unlikely to change soon. New research from the New York Fed says ...
Nov 23, 2022
Six states urge U.S. Supreme Court to keep block on Biden student debt relief
By Andrew Chung (Reuters) -Six states on Wednesday asked the U.S. Supreme Court to reject President Joe Biden's bid to reinstate his plan to cancel billions of dollars in student debt that they have a...
Nov 23, 2022
U.S. business activity weakens further; euro zone downturn eases slightly
By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) - U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed demand but the downturn in e...
Nov 23, 2022
U.S. crude inventories fall as fuel stocks build on strong refining activity
By David Gaffen (Reuters) - U.S. crude stockpiles fell while gasoline and distillate inventories both rose substantially last week as refiners ramped up production, alleviating a bit of concern about ...
Nov 23, 2022
Bank regulators identify shortcoming in Citigroup resolution plan
By Hannah Lang (Reuters) - The U.S. Federal Reserve and Federal Deposit Insurance Corp. identified a shortcoming in Citigroup Inc's so-called "living will" that details how the firm would be unwound i...
Nov 23, 2022
Removal of German colonial-era statue met with cheers in Namibia
WINDHOEK (Reuters) - A large crane lifted a colonial-era statue of German official Curt von Francois in Namibian capital Windhoek on Wednesday, as a crowd that gathered nearby clapped and hooted in de...
Nov 23, 2022
Patagonia sues Gap for copying ‘iconic’ flap pocket
By Jonathan Stempel (Reuters) - Patagonia Inc, the high-end outdoor clothing retailer, filed a lawsuit accusing Gap Inc of illegally copying the "iconic" snapped flap pocket it has used on fleece oute...
Nov 23, 2022
U.S. crude oil stocks in SPR fall to lowest level since March 1984 – EIA
(Reuters) - U.S. crude oil stocks in the Strategic Petroleum Reserve fell by 1.6 million barrels in the latest week to 390.5 million barrels, the lowest level since March 1984, the Energy Information ...
Nov 23, 2022
Mexico’s central bank not about to ‘decouple’ from Fed on rates, board member says
MEXICO CITY (Reuters) - The Mexican central bank is "not ready yet to decouple" from the U.S. Federal Reserve, and to do so prematurely could weaken the peso currency, Bank of Mexico board member Jona...
Nov 23, 2022
Peoria, IL, USA
42 °F Mist
