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News
Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz
19+ hour, 6+ min ago (416+ words) BEIJING, Sept 14 (Reuters) – Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude futures…...
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
22+ hour, 13+ min ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
Carney pushes idea of making Canada ‘associate member’ of EU, WSJ reports
1+ day, 5+ hour ago (349+ words) BRUSSELS, Sept 13 (Reuters) – Canada’s Prime Minister Mark Carney wants closer links with the European Union and is exploring whether his country could become an “associate member” of the bloc, The Wall Street Journal reported on Sunday. The EU, which has…...
JetBlue cuts capacity growth forecast on rising fuel costs, weather disruptions | The Mighty 790 KFGO | KFGO
4+ day, 4+ hour ago (241+ words) Sept 10 (Reuters) – JetBlue Airways cut its capacity growth forecast for the third quarter on Thursday after higher fuel costs and weather-related disruptions weighed on operations. The carrier, however, said healthy booking trends continued into September across peak and off-peak periods....
ECB’s Lagarde rejects French far-left leader’s debt-cancellation plan as ‘financially dangerous’
4+ day, 2+ hour ago (232+ words) BERLIN, Sept 10 (Reuters) – European Central Bank President Christine Lagarde on Thursday rejected French far-left leader Jean-Luc Mélenchon’s plan to cancel a portion of France’s national debt, calling it “financially dangerous” and legally impossible under EU law. Mélenchon has proposed cancelling…...
Cutting Canada tariffs alone won’t flatten US aluminum premium, Alcoa says
4+ day, 20+ min ago (330+ words) Sept 10 (Reuters) – The steep premium paid for aluminum in the U.S. will not drop significantly even if Washington halves the tariffs on metal from neighboring Canada, because imports from other countries will still be needed, Alcoa’s finance chief said on…...
ECB hikes rates as Iran war adds to inflation angst
4+ day, 4+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
ECB raises interest rates to fight off inflation jump
4+ day, 5+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
AI boom poses new financial stability risks, BIS head says | The Mighty 790 KFGO | KFGO
4+ day, 11+ hour ago (463+ words) LONDON, Sept 10 (Reuters) – AI’s rapid rise is creating new financial stability risks, Bank for International Settlements head Pablo Hernandez de Cos said, with spending on related infrastructure already at a scale significant enough to influence global economic conditions. For central…...
Bank of Korea to assess conditions to determine pace and timing of tightening, says board member
4+ day, 14+ hour ago (206+ words) SEOUL, Sept 10 (Reuters) – A board member of the Bank of Korea said on Thursday the central bank would assess external and internal policy conditions, including the impact of the previous two rate hikes, to determine the timing and pace of…...