By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global shares fell and the dollar was steady on Wednesday as the Federal Reserve’s mantra that interest rates will stay higher for longer overshadowed the notion that the U.S. central bank will soon pause its tightening cycle as the economy slows. Fed Chair Jerome Powell provided …
Shares slip, dollar steady as markets assess Powell comments Read More »
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada hiked rates last month rather than leaving them unchanged because of labor market tightness and stronger-than-expected growth, according to minutes from the policy-setting meeting released on Wednesday. The minutes suggested the Bank of Canada would likely keep rates unchanged at the next meeting, …
Bank of Canada’s first published minutes show job, growth data drove rate hike Read More »
By Elizabeth Piper and Andrew MacAskill LONDON/LULWORTH CAMP ARMY BASE, England (Reuters) -President Volodymyr Zelenskiy urged Britain and others on Wednesday to give Ukraine “wings for freedom” by sending combat aircraft to help turn the tide against Russia’s offensive, hoping to overcome Western reluctance to take that step. Western countries have scaled up their pledges …
Ukraine’s Zelenskiy calls for ‘wings for freedom’ fighter jets on trip to Europe Read More »
By Jeff Mason, Nandita Bose and Gram Slattery WASHINGTON (Reuters) -President Joe Biden challenged Republicans to lift the U.S. debt ceiling and support tax policies that were friendlier to middle class Americans on Tuesday in a State of the Union speech that served as a blueprint for his 2024 re-election campaign. Assailing oil companies for …
In State of the Union speech, Biden challenges Republicans on debt and economy Read More »
By David Morgan WASHINGTON (Reuters) -Republicans rejected Democratic U.S. President Joe Biden’s call for bipartisanship in his State of the Union address on Tuesday, and instead accused him of stoking culture wars in a nation they described as deeply divided. A day after Republican U.S. House Speaker Kevin McCarthy called on Biden to work together …
Republicans meet Biden’s calls for unity with partisan broadside Read More »
BENGALURU (Reuters) – Indian hospital chain operator Narayana Hrudayalaya Ltd on Wednesday reported a 58% surge in third-quarter profit, helped by higher margins and an increase in per-patient revenue. The Bengaluru-based company’s net profit rose to 1.54 billion Indian rupees ($18.67 million) in the quarter from 974.9 million rupees a year earlier. Average revenue per …
Hospital chain Narayana Hrudayalaya’s profit surges on higher margins Read More »
(This Feb. 7 story has been refiled to restore dropped word “he” to the first sentence) WASHINGTON (Reuters) – U.S. Senator Mitt Romney told embattled fellow Republican Representative George Santos on Tuesday that he should not be in Congress and shouldn’t have taken a central seat at President Joe Biden’s State of the Union address. …
Romney tells embattled Republican George Santos he ‘shouldn’t be in Congress’ Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened against the dollar on Wednesday as investors awaited potential news from President Cyril Ramaphosa’s State of the Nation address on Thursday. At 1532 GMT, the rand traded at 17.7900 against the dollar, about 1.3% weaker than its previous close. The dollar recovered slightly against a basket of six major …
South African rand weakens ahead of president Ramaphosa’s speech Read More »
By Harry Robertson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar was flat to slightly higher in choppy trading on Wednesday, as investors paused selling the greenback, a day after Federal Reserve Chair Jerome Powell did not significantly change his U.S. interest rate outlook despite a strong U.S. jobs report last week. The greenback’s …
Dollar flat to slightly higher, but weak outlook intact as Fed’s Powell weighs Read More »
By Alex Lawler LONDON (Reuters) – Oil rose for a third straight day on Wednesday as investor concern over U.S. interest rates eased somewhat and an industry report pointed to a drop in U.S. crude inventories. Comments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting risk …
Oil rises for third day as interest rate concerns ease Read More »
