JERUSALEM (Reuters) -Israel will cancel or cut back recent hikes in property taxes, water and energy costs, Prime Minister Benjamin…
ECB will keep raising rates ‘significantly’ at sustained pace, De Cos says
By Jesús Aguado MADRID (Reuters) -The European Central Bank expects to continue raising interest rates “significantly” at future meetings, at…
Oil gains 3% on global economic optimism, despite surprise U.S. crude build
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose 3% to a one-week high on Wednesday as hopes for an…
Citigroup to launch search for new wealth management chief – WSJ
(Reuters) – Citigroup Inc will launch a search for a new head for its wealth management business, the Wall Street…
Failed crypto exchange FTX has recovered over $5 billion, attorney says
By Dietrich Knauth and Tom Hals NEW YORK/WILMINGTON, Del. (Reuters) -Crypto exchange FTX has recovered more than $5 billion in…
Euro ekes out 7-month high against dollar ahead of U.S. inflation data
By John McCrank NEW YORK (Reuters) -The euro briefly hit a seven-month high against the dollar on Wednesday but held…
LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of Dior
By Mimosa Spencer PARIS (Reuters) – LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods…
Logistics startup Flexport cutting 20% of staff in restructuring
By Lisa Baertlein LOS ANGELES (Reuters) – Logistics startup Flexport on Wednesday said it would cut about 20% of its…
Fed’s Collins leans toward quarter-point rate increase -NYT
By Michael S. Derby (Reuters) – Boston Federal Reserve bank leader Susan Collins said she is inclined to raise interest…
Top Credit Suisse shareholder cuts stake
FRANKFURT (Reuters) – One of Credit Suisse’s large shareholders, Harris Associates, has reduced its stake in the bank by roughly…