LONDON (Reuters) – Bank of England Governor Andrew Bailey said the three-quarters-of-a-percentage point increase in interest rates announced by the…
Wealthy families are migrating to the U.S. South and UBS is following them
By Lananh Nguyen NEW YORK (Reuters) – UBS is reshuffling its U.S. wealth leadership to focus on southern states that…
U.S. labor market unwavering despite stiff interest rates hikes
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week,…
Alcoa sent three letters to the LME requesting action on Russian metal
By Peter Hobson LONDON (Reuters) -United States-based aluminium producer Alcoa wrote to the London Metal Exchange (LME) three times in…
Kellogg raises annual forecasts on higher prices as margin pressure looms
(Reuters) -Kellogg Co raised its full-year sales and profit forecasts on Thursday as demand for pricier cereals and snacks stays…
Teva to pay $523 million to New York as it looks to move past opioid lawsuits
By Steven Scheer JERUSALEM (Reuters) -Teva Pharmaceutical Industries Ltd will pay up to $523 million to New York State as…
U.S. awards emergency reserve oil contracts to six cos, including Phillips 66, Shell
WASHINGTON (Reuters) – The U.S. Department of Energy on Thursday said six companies had been awarded contracts for the latest…
Boeing’s first crewed Starliner spaceflight slips to April 2023
WASHINGTON (Reuters) – Boeing’s first Starliner capsule mission carrying humans has slipped from February to April 2023 as the company…
Ternium Q3 profit drops 84%, sees lower steel margin ahead
By Gabriel Araujo and Kylie Madry SAO PAULO/MEXICO CITY (Reuters) -Steelmaker Ternium reported an 84% drop in its third-quarter net…
BMW plans direct sales of its cars, CFO tells newspaper
BERLIN (Reuters) – Buyers of a BMW should be able to order a car directly from the manufacturer in the…