GEN

US firms see tentative progress on inflation and labor supply, Fed says

Register now for FREE unlimited access to Reuters.com Register Sept 7 (Reuters) – US firms reported economic activity was unchanged in July through late August, with further softening expected over the next year even as they saw some tentative greenshoots in the ongoing battle against labor shortages and price pressures, a Federal Reserve report showed …

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Analysis: Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis

Energy’s share of household spending hits record highs in Europe Rising bills force households to cut energy use Crisis in Europe looks worse than in other developed LONDON, Aug 26 (Reuters) – No more ironing, limited oven use and showering at work – Europeans are trying to keep their energy use down but the bills …

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Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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Stronger dollar set for weekly loss as traders adjust rate hike bets

Dollar index up, yen down vs dollar Fed speakers maintain case for tighter monetary policy UK GDP shrinks less than expected NEW YORK, Aug 12 (Reuters) – The dollar rallied on Friday but was set for a weekly drop as traders weighed improving US inflation data against comments from Federal Reserve officials who cautioned the …

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Brazil’s Petrobras opens dividend gusher in pre-election win for Bolsonaro

A general view of tanks of Brazil’s state-run Petrobras oil company following the announcement of updated fuel prices at Petrobras in Brasilia, Brazil June 17, 2022. REUTERS/Ueslei Marcelino Register now for FREE unlimited access to Reuters.com Register RIO DE JANEIRO, July 28 (Reuters) – Petrobras (PETR4.SA) has approved a record dividend payout of 87.8 billion …

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