By Richa Naidu and Ludwig Burger LONDON (Reuters) -Bayer needs to make major changes, including “de-merging” two of its three business arms, investor Artisan Partners told Reuters on Frida[...]
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August 25, 2023
Analysis-Powell’s ‘higher for longer’ mantra fans investor caution over economy
By Davide Barbuscia and David Randall NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Friday did little to dissuade markets from the “higher for longer” mantra for rates that has driven up[...]
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Hawaiian Electric CEO’s bonus lacked incentive to cut wildfire risk, documents show
By Tim McLaughlin and Tom Hals (Reuters) – Hawaiian Electric’s CEO received an annual bonus last year tied to profit, worker safety and bolstering the supply of renewable energy, but not linked[...]
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Worker death prompts US FAA to issue aviation ground safety alert
By David Shepardson WASHINGTON (Reuters) -The death of an airline employee in December and another serious injury prompted the Federal Aviation Administration (FAA) to issue a safety alert on Friday t[...]
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Dollar steady as Fed’s Powell says higher rates may be needed
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome Powell said the central bank may need to raise int[...]
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Oil futures up 1% to one-week high on soaring US diesel prices
By Scott DiSavino NEW YORK (Reuters) -Oil futures climbed about 1% to a one-week high on Friday as U.S. diesel prices soared, the number of oil rigs dropped and a fire broke out at a refinery in Louis[...]
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Boeing prepares 737 MAX deliveries to China – Bloomberg News
(Reuters) – Boeing Co is preparing to restart deliveries of its 737 MAX jets to China after a four-year halt, Bloomberg News reported on Friday, citing people familiar with the matter. The initi[...]
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Factbox-Highlights of Fed Chair Powell’s Jackson Hole speech
(Reuters) – Federal Reserve Chair Jerome Powell on Friday said the central bank may need to lift interest rates further to finish the job of lowering inflation on a sustained basis. His speech a[...]
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China Evergrande says resumption guidance fulfilled, shares set to trade next week
(Reuters) – Embattled property developer China Evergrande Group said on Friday it has “adequately” fulfilled the resumption guidance issued by the Hong Kong Stock Exchange and made a[...]
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