By Sinéad Carew and Shristi Achar A (Reuters) – The S&P 500 index closed slightly higher while the Dow dipped on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and U.S. economic data ahead of upcoming labor and inflation reports that are expected to determine the central bank’s future rate …
S&P 500 barely gains as investors eye upcoming jobs data, rate hikes Read More »
By Stamos Prousalis and Kristian Brunse ATHENS (Reuters) -Tens of thousands of people took to the streets of Greece on Wednesday and workers went on strike in the biggest show of public anger yet over the country’s deadliest train disaster that killed 57 people last week. The crash on Feb. 28 has stirred public outrage …
Tens of thousands march in Greece in angry train crash protest Read More »
By Stephanie Kelly HOUSTON (Reuters) -There is no need for the Organization of the Petroleum Exporting Countries to increase oil output to make up for Russia’s 500,000 barrel per day cut, Angola’s secretary of state for oil and gas told Reuters on Wednesday. “We believe the Russian oil is still there,” Angola’s Jose Barroso said …
CERAWEEK-OPEC does not need to make up for Russia oil output cut -Angola oil minister Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist hedge funds that often push companies to sell themselves or divest divisions are increasingly calling for top executives to be replaced, a change in tactics driven by a slowdown in mergers and acquisitions (M&A). These investors called for the removal of personnel at 60 U.S. companies last …
With dealmaking slowing, activist hedge funds target companies’ top brass Read More »
LONDON (Reuters) -Britain’s RMT rail workers’ trade union said on Wednesday it will ask its members to vote on an improved pay offer from rail infrastructure group Network Rail, after suspending plans for a strike. The new pay offer from Network Rail, the public sector group which owns and operates thousands of miles of tracks, …
UK’s RMT union to put Network Rail pay offer to vote Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks struggled for direction and Treasury yields wavered on Wednesday as a barrage of robust economic data appeared to support Federal Reserve Chairman Jerome Powell’s reassertion, in his second day of congressional testimony, that the central bank would continue to ratchet up policy rates until inflation subsides. …
Wall St flutters, Treasury yields ease as Powell resumes testimony Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices fell on Wednesday as fears that more aggressive U.S. interest rate hikes would pressure economic growth and oil demand outweighed a larger-than-expected draw in U.S. crude stocks. Both oil benchmarks had dropped by more than 3% on Tuesday after comments by U.S. Federal Reserve Chair Jerome Powell …
By Karen Brettell NEW YORK (Reuters) – The dollar was steady on the day but down from three-month highs reached earlier on Wednesday after Federal Reserve Chairman Jerome Powell offered no major surprises on his second day of testimony before Congress and as investors waited for jobs data on Friday. Powell reaffirmed his message of …
By Johann M Cherian and Shristi Achar A (Reuters) -Britain’s FTSE 100 edged up on Wednesday as investors parsed comments from U.S. Federal Reserve Chair Jerome Powell, while insurer Hiscox rose on better-than-expected full-year results. The blue-chip FTSE 100 ended up 0.1% while the mid-cap FTSE 250 fell 0.5%. Powell said that Fed officials have …
FTSE 100 inches up as investors assess Powell’s comments; Hiscox gains Read More »
By Dina Kartit (Reuters) – Violence and threats towards women still act as a deterrent to their involvement in politics, the U.N. gender equality organisation said, despite more women holding office. Data showed that the number of women in political leadership posts, both in government and in parliament, has improved overall, though, some regions such …
Threats towards women deter political involvement – UN Read More »
