By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve faces no imminent market liquidity challenges that could stop the ongoing contraction of its balance sheet, according to a new tool launched Thursday by the Federal Reserve Bank of New York. The new gauge, which the bank calls Reserve Demand Elasticity, seeks to measure how …
New NY Fed tool suggests balance sheet drawdown has more room to run Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission said on Thursday it was proposing to fine Walt Disney’s ESPN network $147,000 for violating rules on broadcasting emergency alert tones during promotional segments for the start of the 2023-2024 NBA season. The use of the alert system or wireless emergency alert tones for any purpose …
US proposes to fine ESPN $147,000 over improper emergency tones in NBA promotions Read More »
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will say on Thursday that walling off the U.S. economy as proposed by Republican presidential candidate Donald Trump would be “deeply misguided,” raising prices for American consumers and making U.S. companies less competitive. Yellen, in excerpts of remarks to be delivered on Thursday afternoon …
Yellen says high US tariff wall ‘deeply misguided’, would raise prices Read More »
PARIS (Reuters) -French drugmaker Sanofi said on Thursday it was “surprised” by a renewed, higher offer for its consumer arm Opella from private equity firm PAI Partners, saying the move came after the bidding deadline for the business had passed. PAI is seeking to outbid U.S. rival Clayton Dubilier & Rice (CD&R) for a controlling …
Sanofi ‘surprised’ by PAI Partners’ raised bid for Opella unit Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices inched up on Thursday, bouncing back from two-week lows, after data showed falling crude and fuel inventories in the United States. Brent crude futures settled at $74.45 a barrel, up 23 cents, or 0.31%. U.S. West Texas Intermediate crude futures settled down 28 cents, or 0.4%, at …
Oil prices edge higher on US crude stockpiles draw Read More »
By Ernest Scheyder (Reuters) – General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly $1 billion earlier this week, an executive said on Thursday. The U.S. automaker on Wednesday said it would form a joint …
After Nevada lithium deal, GM eyes other sources for EV minerals supply Read More »
BRUSSELS (Reuters) – The killing of Yahya Sinwar by Israeli forces dealt a fatal blow to Hamas, France’s Foreign Minister Jean-Noel Barrot said on Thursday, adding that a page must now be turned to work towards peace in Gaza and the wider region. “It’s a fatal blow that has been struck on Hamas, a terrorist …
Killing of Hamas leader Sinwar dealt fatal blow to Hamas, France says Read More »
JOHANNESBURG (Reuters) -South African grocery retailer Pick n Pay on Thursday forecast a wider half-year headline loss, but said it expects its full-year result before tax and capital items to show a meaningful improvement on the prior year. The company did not indicate whether it expected a profit or a loss for the full year. …
South Africa’s Pick n Pay sees wider H1 headline loss Read More »
(Reuters) -China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off …
By Vallari Srivastava (Reuters) -PPG Industries will lay off 1,800 employees in the U.S. and Europe and close plants as part of a cost-reduction program, the paints and coatings maker said on Thursday. The program focused on reducing structural costs in Europe and in certain other global businesses, along with other corporate expenses following recent …
PPG to lay off 1,800 employees in cost-cut drive, sell coatings unit Read More »
