By Allison Lampert, David Ljunggren and Rajesh Kumar Singh (Reuters) – Canada is reluctant to force Air Canada’s pilots back to work if they go on strike, a government source told Reuters[...]
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August 30, 2024
Goldman to lay off a few hundred employees in annual talent review, source says
By Manya Saini (Reuters) -Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday. The[...]
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Exclusive-China’s Sinochem plans to exit US shale JV with Exxon, sources say
By Shariq Khan NEW YORK (Reuters) – Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upw[...]
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New Boeing CEO holds first meeting with FAA chief
By David Shepardson WASHINGTON (Reuters) -New Boeing CEO Kelly Ortberg met this week with the head of the Federal Aviation Administration as the planemaker faces numerous regulatory issues and increas[...]
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U.S. home prices forecast to rise modestly as Fed cuts rates – Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to[...]
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US dollar rises broadly as inflation data underpins smaller Fed cut
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, su[...]
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Brazil targets banks in income tax hike bill
BRASILIA (Reuters) – Brazil’s government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike[...]
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Oil settles $1 down as supply set to rise, uncertainty around Fed rate cuts
By Georgina McCartney HOUSTON (Reuters) -Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. inter[...]
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Solid US consumer spending pushes against hopes for hefty Fed rate cut
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-[...]
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