(Reuters) – The San Francisco Bay area will phase out natural gas-powered furnaces and water heaters beginning in 2027 to improve local air quality and public health. It is the latest move by lo[...]
Read more
March 16, 2023
Nigeria tops list of countries withholding airline funds, IATA says
LAGOS (Reuters) – Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global a[...]
Read more
Fed likely to raise rates by 25 bps, with eyes on banks -PIMCO’s CIO
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve will likely raise rates by 25 basis points at its next rate-setting meeting next week, although further signs of financial secto[...]
Read more
Exclusive-Credit Suisse tells staff SNB facility does not trigger a ‘viability’ event
By Selena Li (Reuters) – Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a “viability event,” according to docu[...]
Read more
Telenor declines to comment on CK Hutchison report
OSLO (Reuters) – Oslo-listed Telenor on Thursday declined to comment on a report saying the operator was in talks with CK Hutchison relating to its businesses in Sweden and Denmark. “We do[...]
Read more
Carlsberg appoints head of services provider ISS as new CEO
COPENHAGEN (Reuters) -Danish brewer Carlsberg has appointed the current head of services provider ISS as its new chief executive, the company said on Thursday. Jacob Aarup-Andersen, a Danish national,[...]
Read more
Banking rout fuels U.S. oil hedging, as investors seek to limit losses
By Stephanie Kelly and Arathy Somasekhar NEW YORK (Reuters) – Oil producers, banks and hedge funds have increased purchases of put options to protect themselves from further losses, market sourc[...]
Read more
U.S. labor market remains tight; housing market stabilizing
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to continued labor market strength, thoug[...]
Read more
U.S. judge refuses to delay Voyager-Binance sale during DOJ appeals
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge declined to delay the $1.3 billion sale of crypto lender Voyager Digital to Binance.US, saying Voyager customers should not be forced to wa[...]
Read more