LONDON (Reuters) – Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits over the loss of hundreds of aircraft stuck in Russia since Moscow’s in[...]
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Asia
Yellen says she ‘certainly’ plans to remain as Treasury secretary
NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday said she “certainly” planned to stay on in her job for the duration of President Joe Biden’s term, dismis[...]
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Yellen says unemployment rate in 4% range is ‘healthy’
NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that she was not sure what an acceptable unemployment rate is for the current economic outlook, but said that the Trea[...]
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OPEC+ switch to virtual meeting signals policy roll-over ahead of Russian oil price cap – sources
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar DUBAI/LONDON (Reuters) – The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, sources told Reuter[...]
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Foxconn asks workers for referrals to replenish China plant’s staff
SHANGHAI (Reuters) – Apple supplier Foxconn on Wednesday offered a 1,000 yuan ($141.11) award to staff who successfully recommend people to work at its plant in China’s Zhengzhou city, as[...]
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Global stocks to grind higher, lacklustre year ahead: Reuters poll
By Hari Kishan BENGALURU (Reuters) – The global economy needs to find a more solid footing before most stock markets break out of their torpor, according to market strategists polled by Reuters[...]
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HSBC to close 114 branches in Britain from April 2023
LONDON (Reuters) – HSBC will close 114 branches in Britain from April 2023, the British lender said on Wednesday, the latest in a string of such announcements by retail banks in the country as t[...]
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Marketmind: Uneasy Chair
A look at the day ahead in U.S. and global markets from Mike Dolan. Even as disinflation takes hold and recession looms, Federal Reserve Chair Jerome Powell may have to deliver another uncomfortable m[...]
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Crypto exchange Bitfront shuts down
(Reuters) – Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months[...]
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