Ford shares record biggest daily drop since 2011 after inflation warning

The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany.Reuters/Wolfgang Rattay Register now for free, unlimited access to register Sept 20 (Reuters) – Shares of Ford Motor Co (FN) fell more than 12% on Tuesday, more than a decade after the automaker said inflation-related charges this quarter would be … Read more

Oil prices fall, investors expect Fed rate hike

Storage tanks are seen at Marathon Petroleum’s Los Angeles refinery in Carson, California, USA, March 11, 2022. The refinery processes domestic and imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products. Taken with a drone. REUTERS/Bing Guan/File Photo Register now for free, unlimited access to register … Read more

Treasury official criticizes China’s ‘unconventional’ debt practices

This illustrative image taken on April 25, 2022 shows a Chinese Yuan banknote. REUTERS/Florence Lo/Illustration Register now for free, unlimited access to register China is the world’s largest official creditor nation Lack of transparency, non-disclosure agreements slammed Common framework debt deals such as Zambia spur progress WASHINGTON (Reuters) – China‚Äôs stalemate over debt relief … Read more

Cancer Victims Ask Court to End J&J Bankruptcy Barrier to Lawsuit

Register now for free, unlimited access to register Sept. 19 (Reuters) – Those suing Johnson & Johnson over its talc products asked an appeals court on Monday to reinstate their claims, prompting the profitable company to go bankrupt. It said it should not be allowed to use its subsidiaries to block lawsuits alleging that … Read more

Wall Street is flat but trading choppy ahead of Fed meeting

Register now for free, unlimited access to register Focus on Wednesday’s Fed Policy Decisions Traders price at slim chance of 100bps rate hike Take Two GTA VI gameplay footage leaked online All indices fell 0.05%-0.06% SEPTEMBER 19 (Reuters) – Major Wall Street indexes were flat on Monday afternoon as investors waited to see how … Read more

U.S. retail sales rise unexpectedly, but inflation hampers spending

August retail sales up 0.3% July data revised down, showing a 0.4% decline in sales Core retail sales remained unchanged. July sales revised downward Weekly unemployment claims fall from 5,000 to 213,000 August manufacturing output rose 0.1% WASHINGTON (Reuters) – Americans are buying more cars and eating out more, as the Federal Reserve aggressively raises … Read more

Competition between Germany and the EU to resolve the energy crisis

Register now for free, unlimited access to register Germany plans to increase lending to energy companies EU securities regulators considering EU-wide measures Committee to announce broader plans on Wednesday BERLIN/FRANKFURT (Reuters) – Germany said on Wednesday it would step up lending to energy companies at risk of bankruptcy due to high gas prices. The … Read more

Oil prices fall amid China’s COVID containment, possible rate hike

An oil pump at IPC Petroleum France in the Soudron suburb near Reims, France, on August 24, 2022. REUTERS/Pascal Rossignol/File Photo Register now for free, unlimited access to register SINGAPORE (Reuters) – Oil prices fell on Monday. The outlook for global fuel demand is overshadowed by coronavirus restrictions in China and the possibility of … Read more

Oil rises 4% on supply threats, but still falls weekly

Chimneys of the Total Grandpuy oil refinery just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Register now for free, unlimited access to register Oil benchmarks heading for second week drop Putin threatens to cut off all energy supplies Federal Reserve’s Waller: We need aggressive rate hikes now while the economy … Read more

EU split over capping Russian gas prices amid ‘energy war’

Register now for free, unlimited access to register Countries resist EU proposal to limit Russian gas prices Widespread support for cash aid to energy companies Ministers Discuss Windfall Tax, Reducing Electricity Use BRUSSELS (Reuters) – European Union energy ministers were divided on Thursday over whether to cap Russia’s gas prices. But ministers at the … Read more