Article content NEW YORK — The U.S. Congress will likely reach an agreement on a new debt limit before the Treasury exhausts extraordinary cash management measures to stave off a debt default, Moody’s Investors Service said on Thursday, adding however that protracted negotiations will likely cause volatility in markets. The U.S. government hit its $31.4 […]
Article content WASHINGTON — Evidence in favor of a “soft landing” for the U.S. economy, in which inflation declines without major job losses, appears to be growing, Federal Reserve Vice Chair Lael Brainard said on Thursday in remarks that excluded any explicit policy preference for the U.S. central bank’s upcoming meeting but noted signs of […]
Article content CARACAS — Venezuela’s opposition national assembly on Thursday named the commission members who will manage most of the country’s assets abroad, moving ahead with a promise by the body’s new leadership as it seeks to unify ahead of expected presidential elections. Venezuela traditionally has only one legislature, but currently has two parallel bodies […]
Article content Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that “has the effect” of Texas halting Citi’s ability to underwrite most municipal bond offerings in the state. Republicans have been ramping up pressure on the finance industry over environmental, social and governance […]
Article content Gold prices rose nearly 1% on Thursday, supported by a weaker dollar and some safe-haven demand as weak U.S. economic readings and hawkish comments from Federal Reserve officials fueled recession worries. Spot gold was up 0.9% to $1,920.70 per ounce at 12:44 p.m. ET (1744 GMT). U.S. gold futures rose 0.8% to $1,922.70. […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Ron Bousso Published Jan 18, 2023 • 2 minute read Join the conversation Article content LONDON — The British North Sea’s biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax […]
Article content LONDON — The European Union’s drug regulator has not identified any safety signals in the region related to U.S. drugmaker Pfizer Inc and German partner BioNTech’s updated COVID-19 shot, the agency said on Wednesday. On Friday, the U.S. Food and Drug Administration and the Centres for Disease Control and Prevention said that a […]
Article content MILAN — Italian asset manager Azimut expects to post a small loss on its business venture with UniCredit this year, but believes it will pay off in the longer term, its chairman said on Wednesday. “It’d be surprising if it didn’t show a slight loss for 2023 but there are doubtlessly profits ahead,” […]
Article content SAN FRANCISCO — Jury selection kicked off on Tuesday in a case brought by Tesla Inc shareholders who claim Elon Musk’s 2018 statement that funding was “secured” to take the electric car maker private amounted to fraud. The lawsuit in San Francisco federal court seeks damages for shareholders who bought or sold Tesla […]
Article content HOUSTON — The new head Venezuela’s state oil company PDVSA has suspended most oil export contracts while his team reviews them, according to an internal document seen by Reuters and two people familiar with the matter. The freeze is leading to port delays, as vessels that were loading have been sent away and […]