PARIS (Reuters) – Global oil markets are well-supplied with production in the Americas likely outpacing demand growth globally, the head of the International Energy Agency, Fatih Birol, said on[...]
Read more
February 13, 2024
US dollar hits three-month peak after inflation data, tops 150 yen
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose to three month peaks on Tuesday, after data showed U.S. inflation rose more than expected in January, reinforcing expectations that the[...]
Read more
Sticky Jan US CPI inflation supports Fed reticence on easing
NEW YORK (Reuters) – U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not change expectati[...]
Read more
OPEC sticks to oil demand view, sees better economic growth
By Alex Lawler LONDON (Reuters) -OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying[...]
Read more
Moody’s posts Q4 profit below ests as credit ratings unit disappoints; names new CFO
(Reuters) – Moody’s Corp on Tuesday missed estimates for fourth-quarter profit, as the performance of its credit ratings and assessment unit fell short of expectations. The New York-based[...]
Read more
Labor worries, costs drag small business sentiment down by most in 13 months -NFIB
By Amina Niasse NEW YORK (Reuters) – U.S. small business sentiment fell to its lowest since May 2023 in January, according to a report published Tuesday, as labor costs and slowed sales squeeze[...]
Read more
Pharmaceutical group’s lawsuit over Medicare drug price program dismissed
By Nate Raymond (Reuters) -A federal judge on Monday dismissed a lawsuit by a major pharmaceutical industry trade association challenging a new program that allows Medicare to negotiate prices with dr[...]
Read more
Coca-Cola revenue tops estimates on firm demand, higher prices
By Ananya Mariam Rajesh (Reuters) -Coca-Cola surpassed Wall Street expectations for fourth-quarter revenue on Tuesday, as the beverage maker benefits from higher product prices and buoyant demand, esp[...]
Read more
Pilots at Qantas unit extends planned three-day strike to six days
(Reuters) – Qantas Airways’ chartered flights unit said on Tuesday its pilots will now be on strike for six days starting this Wednesday, instead of the planned three days, as they continu[...]
Read more