Posts From Rachel Long
Oil prices rose on Thursday as U.S. implied consumer petroleum demand surged to a record high in the world’s top oil consumer even as the omicron variant of coronavirus threatens to dent oil consumption globally. A signal by the U.S. Federal Reserve to tackle inflation before it
China’s air passenger traffic dropped 51.5% in August from a year ago due to a resurgence of local COVID-19 outbreaks, the aviation authority said on Tuesday, adding that it is studying more measures to help airlines given repeated outbreaks. Currently,
Start-up low-cost U.S. carrier Breeze Airways said Monday it has agreed to purchase an additional 20 Airbus A220-330 aircraft as it looks to expand operations to longer flights. The 20 additional planes are on top of Breeze’s existing order of
The dollar rose on Monday against commodity currencies such as the Australian, New Zealand and Canadian dollars, while the safe-haven yen gained as disappointing economic data from China, political tension in Afghanistan, and the spreading Delta variant of the coronavirus
Thousands of small and medium-sized Cuban businesses will be allowed to incorporate in the coming months, in one of the most important economic reforms taken by the island’s Communist government since it nationalized all enterprises in the 1960s. The reform,
Bulge-bracket investment banks in Australia have ramped up hiring to rebuild their depleted teams, after audacious talent raids by boutique rivals in the past year amid record dealmaking activity in the country, bankers and headhunters told Reuters. Most major banks
The dollar rose on Friday along with other safe haven currencies as stocks fell and as upbeat U.S. economic data helped reverse some of the losses from earlier this week when dovish remarks by the Federal Reserve tanked a month-long
Asian shares skidded to their lows for this year on Monday as concerns over tightening regulations upended Chinese equities and strong U.S. corporate earnings sucked funds out of emerging markets into Wall Street. Chinese blue chips shed 4.4% to their
Tesla Inc (TSLA.O) has written to Indian ministries seeking a big reduction in import duties on electric vehicles (EVs), a move it says will boost demand and generate revenue for the government, two sources with knowledge of the matter said.
EXCLUSIVE India watchdog accuses Amazon of concealing facts in deal for Future Group unit
India’s antitrust regulator has accused Amazon.com Inc (AMZN.O) of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed. The