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(Reuters) -Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that “has the effect” of Texas halting Citi’s ability to underwrite most municipal bond offerings in the state. Republicans have been ramping up pressure on the finance industry over what they say are their …

Texas AG to halt most of Citigroup’s municipal offerings on gun law row Read More »

By Lindsay Dunsmuir (Reuters) – The Federal Reserve will probably need to raise interest rates to “just above” 5% and then hold them there for a period, Boston Fed President Susan Collins said on Thursday, the latest U.S. central banker to maintain a higher policy rate is needed to successfully bring down inflation. “I anticipate …

Fed’s Collins sees U.S. interest rate hike peak “just above” 5% Read More »

By Andrea Shalal DAKAR (Reuters) -U.S. Treasury Secretary Janet Yellen will kick off a year of visits by top U.S. officials to Africa on Friday aiming to firm up U.S.-Africa ties after decades in which China has dominated investment across the continent. In a speech to be delivered at a business event in Senegal’s capital …

Deeper ties on Yellen’s mind as U.S begins year of African engagement Read More »

JERUSALEM (Reuters) – Israel has not identified any evidence linking strokes to an updated coronavirus vaccine made by U.S. drugmaker Pfizer and its German partner BioNTech SE, according to a health ministry official. On Friday, the U.S. Food and Drug Administration (FDA) and the Centres for Disease Control and Prevention said that a safety monitoring …

Israel says has not found a link between Pfizer COVID shot and stroke Read More »

By Tom Balmforth and Olena Harmash KYIV (Reuters) -Kyiv urged Western allies on Thursday to hurry up and supply tanks and air defence systems, saying Ukraine was paying in lives for the slow pace of discussions in foreign capitals. “We have no time, the world does not have this time,” said Andriy Yermak, head of …

Ukraine says it is paying in lives as tank debate drags on Read More »

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains tight despite higher interest rates. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 190,000 for the week ended Jan. 14, the Labor Department said on Thursday. Economists polled by …

U.S. weekly jobless claims unexpectedly fall Read More »

By Ceyda Caglayan and Can Sezer ISTANBUL (Reuters) – Turkey’s unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could only do so for a short period. Finance Minister Nureddin Nebati asked clothing and shoe stores to launch their discount season well ahead …

Turkey presses strained retailers for price freezes ahead of elections Read More »

By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s Americanas SA said on Thursday it is considering filing for bankruptcy, a move market participants see as imminent after the retailer uncovered nearly $4 billion in accounting inconsistencies last week. Shares in the company plunged more than 27% in morning trading to 1.46 real after the news, extending …

Brazil’s Americanas mulls filing for bankruptcy, shares tank as markets see move as imminent Read More »

(Reuters) -Tide detergent maker Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits. P&G’s sales volumes fell 6% in its second quarter ended Dec. 31, led by declines in the company’s …

P&G raises sales forecast on price hikes, sees volumes fall Read More »