September 15, 2021 By Ambar Warrick (Reuters) – U.S. stock indexes were set for a muted open on Wednesday as a slowing economic recovery and uncertainty over higher taxes weighed on sentiment, even though signs of inflation peaking eased fears of an early cut to monetary stimulus. The S&P 500 had sunk to a more […]
Markets may be overestimating Delta’s impact on growth – ECB’s Schnabel
September 15, 2021 FRANKFURT (Reuters) – Real interest rates are puzzlingly low around the world, European Central Bank board member Isabel Schnabel said on Wednesday, arguing that investors may be overestimating the impact of the Delta variant of the coronavirus on the economy. With governments and central banks unleashing record stimulus to revive growth after […]
Chevron triples low-carbon investment, but avoids 2050 net-zero goals
September 15, 2021 By Sabrina Valle and Arunima Kumar (Reuters) -Chevron Corp on Tuesday pledged to triple to $10 billion its investments to reduce its carbon emissions footprint through 2028, while saying it was not yet ready to commit to a 2050 net-zero emissions target. Oil producers globally are under mounting pressure from investors and […]
Canadian National scraps $29.6 billion offer for Kansas City Southern
September 15, 2021 (Reuters) – Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer for Kansas City Southern, citing regulatory hurdles and paving the way for the U.S. railroad to be bought by rival Canadian Pacific Railway Ltd. “There have been significant changes to the U.S. regulatory landscape […]
U.S. manufacturing output slows sharply in August
September 15, 2021 WASHINGTON (Reuters) – Production at U.S. factories slowed more than expected in August amid disruptions from Hurricane Ida and lingering shortages of raw materials and labor as the COVID-19 pandemic drags on. Manufacturing output increased 0.2% last month, the Federal Reserve said on Wednesday. Data for July was revised to show production […]
Gymnasts Simone Biles, Aly Raisman to testify in U.S. Senate sex abuse probe
September 15, 2021 By Sarah N. Lynch WASHINGTON (Reuters) – Olympic gymnasts Simone Biles and Aly Raisman will testify on Wednesday about the sexual abuse they suffered at the hands of disgraced USA Gymnastics doctor Larry Nassar, as the U.S. Senate examines why the FBI failed to investigate his crimes sooner. Biles and Raisman will […]
Exclusive: Lebanon draft policy statement says government committed to IMF talks
September 15, 2021 BEIRUT (Reuters) – Lebanon’s new cabinet is committed to resuming talks with the International Monetary Fund (IMF) for a short- and medium-term rescue programme, a draft of its policy statement obtained by Reuters showed on Wednesday. The government is due to meet on Thursday to approve the draft, which will then go […]
N.Korea criticizes S.Korea after missile test, warns of breakdown in relations – KCNA
September 15, 2021 SEOUL (Reuters) – South Korean President Moon Jae-in’s remarks that the South’s new missile systems can deter North Korea are illogical and regrettable and could damage relations, a senior North Korean official said on Wednesday, according to state media. Kim Yo Jong, sister of leader Kim Jong Un, said Moon’s remarks made […]
Thai lawmakers debate long-awaited legislation on torture, abductions
September 15, 2021 BANGKOK (Reuters) – Thailand’s parliament on Wednesday started debating draft legislation outlawing torture and enforced disappearance, following years of delay and civil society outrage over alleged abuses and impunity among law enforcement personnel. A draft bill designed to prevent and punish rogue state officials who abduct and torture suspects was initially approved […]
North and South Korea conduct duelling missile tests as arms race heats up
September 15, 2021 By Hyonhee Shin and Josh Smith SEOUL (Reuters) – North Korea and South Korea test fired ballistic missiles on Wednesday, the latest volley in an arms race https://ift.tt/2QT36dm that has seen both countries develop increasingly sophisticated weapons while efforts to get talks going on defusing tension prove fruitless. South Korea tested a […]
UK court to ensure sexual assault papers can be served on Prince Andrew
September 15, 2021 By Michael Holden LONDON (Reuters) – London’s High Court said on Wednesday it would take steps if necessary to serve papers on Britain’s Prince Andrew in a U.S. lawsuit brought by a woman who accuses him of sexually assaulting her two decades ago. The prince, Queen Elizabeth’s second son, is accused by […]
EU to suspend planned tariffs on Chinese aluminium, lobby group says
September 15, 2021 BRUSSELS (Reuters) – The European Union is set to impose duties on aluminium from China in October, only to suspend them for nine months, the EU industry association said on Wednesday, adding that this would threaten jobs and send the wrong signal to Beijing. The European Commission launched an investigation into aluminium […]
Adobe jumps into e-commerce payments business in challenge to Shopify
September 15, 2021 By Stephen Nellis (Reuters) – Adobe Inc on Wednesday said it will add payment services to its e-commerce platform this year to help merchants accept credit cards and other ways of paying, deepening a rivalry with e-commerce firm Shopify Inc. Adobe started providing software to help retailers run their online stores in […]
Vodafone Spain plans to cut up to 515 jobs amid intense competition
September 15, 2021 By Clara-Laeila Laudette MADRID (Reuters) – British telecommunications company Vodafone said on Wednesday its Spanish unit planned to cut up to 515 jobs, mainly in its commercial operations, as it faces “challenging conditions on the competitive Spanish market”. The company said it would meet with unions at the end of September and […]
Biden to meet U.S. CEOs in ‘rallying cry’ for vaccine mandates
September 15, 2021 By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden was scheduled to meet on Wednesday with business leaders and CEOs, as he pushes companies to require workers to be vaccinated amid a surge in COVID-19 infections among those not yet inoculated. Biden last week announced vaccine mandates for all federal employees and […]
Wall Street subdued as China data adds to growth doubts
September 15, 2021 By Huw Jones LONDON (Reuters) – Wall Street faced a subdued session on Wednesday after unexpectedly weak data from China reinforced investor bets that global growth is slowing due to COVID and supply chain constraints. The S&P 500 index hit a three-week low on Tuesday as worries about global recovery fed into […]
Canadian National not to proceed with deal for Kansas City Southern
September 15, 2021 (Reuters) – Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer to buy Kansas City Southern, paving the way for the U.S. railroad operator to be bought by rival Canadian Pacific Railway Ltd. (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Arun Koyyur) Source Link […]
BOJ’s Kuroda: Japan inflation to reach 2% goal, but not before 2023
September 15, 2021 TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda told an online seminar on Wednesday that he expected Japan’s inflation rate to rise steadily although it would not hit the central bank’s 2% target before 2023. (Reporting by Leika Kihara; Editing by Hugh Lawson) Source Link BOJ’s Kuroda: Japan inflation to reach […]
Canada’s annual inflation rate hits 4.1%, highest since 2003
September 15, 2021 OTTAWA (Reuters) -Canada’s annual inflation rate accelerated to an 18-year-high of 4.1% in August, pushed up in part by a big jump in gasoline prices, Statistics Canada said on Wednesday. Analysts polled by Reuters had expected the annual rate to rise to 3.9% in August after posting a year-over-year increase of 3.7% […]
Dollar sags as weaker-than-expected U.S. inflation continues to weigh
September 15, 2021 By Gertrude Chavez-Dreyfuss and Ritvik Carvalho NEW YORK/LONDON (Reuters) – The dollar weakened against major currencies on Wednesday after softer-than-expected U.S. inflation data released on Tuesday eased short-term expectations about tapering of asset purchases from the Federal Reserve. The dollar index last stood at 92.441, down about 0.3% on the day from […]
