By Wayne Cole SYDNEY (Reuters) – Australia’s current account fell into deficit for the first time in three years last quarter as robust domestic demand sucked in imports and miners paid mo[...]
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December 6, 2022
U.S. Army awards Black Hawk replacement contract to Textron’s Bell
By Idrees Ali and Mike Stone WASHINGTON (Reuters) -The U.S. Army on Monday awarded the contract for its next-generation helicopter to Textron Inc’s Bell unit, ending a years-long competition for[...]
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Facebook owner Meta may remove news from platform if U.S. Congress passes media bill
By David Shepardson WASHINGTON (Reuters) – Facebook parent Meta Platforms Inc on Monday threatened to remove news from its platform if the U.S. Congress passes a proposal aimed at making it easi[...]
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Energy hungry Europe can’t look to U.S. shale to fill any OPEC gap
By Laila Kearney, Liz Hampton and Arathy Somasekhar NEW YORK/DENVER/HOUSTON (Reuters) – U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades,[...]
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Yellen sees key role for Treasury’s racial equity council despite Republican criticism
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday said a new racial equity advisory committee, which has drawn the ire of Republican lawmakers, would play a[...]
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Wall St slides as services data spooks investors about Fed rate hikes
By David French (Reuters) – U.S. markets ended Monday lower, as investors spooked by better-than-expected data from the services sector re-evaluated whether the Federal Reserve could hike intere[...]
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Italy urges EU subsidy package in response to U.S. IRA scheme
ROME (Reuters) – Italian Economy Minister Giancarlo Giorgetti on Monday called for a common European Union approach to support competitiveness and protect strategic production, in response to th[...]
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U.S. services industry regains steam; factory orders accelerate
By Lucia Mutikani WASHINGTON (Reuters) – U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the econ[...]
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