By Arathy Somasekhar HOUSTON (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar. Brent futures for March delivery fell $3.81, or 4.4%, to $82.10 a barrel, the largest daily decline in more than three months. U.S. crude …
Oil dives 4%, trade choppy on worries about China, global economy Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -Britain’s main stock indexes closed higher on Wednesday with the FTSE 250 hovering near one month highs, while investors awaited minutes from the U.S. Federal Reserve’s policy meeting to gauge the path forward for interest rates. The exporter-heavy FTSE 100 rose 0.4% by 1645 GMT, lagging its …
UK midcap stocks near one month highs; Fed minutes eyed Read More »
By Nandan Mandayam BENGALURU (Reuters) -Walmart Inc has already paid the Indian government most of the nearly $1 billion in tax after digital payments company PhonePe shifted its headquarters from Singapore to India, a source with direct knowledge of the matter told Reuters. Bloomberg News previously reported that Walmart and other PhonePe investors would have …
Walmart paid most of $1 billion tax for PhonePe shifting base to India – source Read More »
By Abdi Sheikh MOGADISHU (Reuters) -Two car bombs detonated by al Shabaab militants in central Somalia on Wednesday killed at least 35 people, including eight members of a single family, and wounded 40 more, a senior police officer said. The attack in the town of Mahas was the latest in a series by al Qaeda …
Car bombs kill 35, burn houses in central Somalia – police Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Wednesday ahead of minutes from the U.S. Federal Reserve’s December policy meeting that could give clues on its interest rate tightening path. At 1513 GMT, the rand traded at 16.8750 against the dollar, 0.81% stronger than its previous close. Minutes from the Fed’s December meeting are due to …
South African rand gains ahead of Fed minutes; stocks edge up Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Wednesday ahead of minutes from the U.S. Federal Reserve’s December policy meeting that could give clues on its interest rate tightening path. At 1513 GMT, the rand traded at 16.8750 against the dollar, 0.81% stronger than its previous close. Minutes from the Fed’s December meeting are due to …
South African rand gains ahead of Fed minutes; stocks edge up Read More »
(Reuters) -Russia’s defence ministry said on Wednesday that 89 servicemen were killed in the Ukrainian attack on Makiivka in the Moscow-controlled parts of the Donetsk region, adding the main reason for the attack was unauthorised use of mobile phones by the troops. “It is already obvious that the main reason for what happened was the …
Russia says 89 troops were killed in New Year’s attack, blames use of mobile phones Read More »
(This Jan. 3 story has been corrected to fix the period of the reduced production forecast from midyear to March 2022, in the fourth paragraph) By Paul Lienert and Akash Sriram (Reuters) – Electric vehicle maker Rivian Automotive barely missed its full-year production target of 25,000 vehicles in 2022, the company said in a filing …
Rivian stock less bruised than Tesla as both miss EV targets Read More »
By Ahmed Aboulenein WASHINGTON (Reuters) -The U.S. Food and Drug Administration (FDA) will allow retail pharmacies to offer abortion pills in the United States for the first time, the agency said on Tuesday, even as more states seek to ban medication abortion. The regulatory change will potentially expand abortion access as President Joe Biden’s administration …
U.S. FDA allows abortion pills to be sold at retail pharmacies Read More »
By John Shiffman (Reuters) -A former Colorado funeral home owner was sentenced to 20Â years in federal prison on Tuesday for defrauding relatives of the dead by dissecting 560 corpses and selling body parts without permission. Megan Hess, 46, pleaded guilty to fraud in July. She operated a funeral home, Sunset Mesa, and a body parts …
Former Colorado funeral home owner sentenced to 20 years for selling body parts Read More »
