MONTREAL (Reuters) – Air Canada, the foreign carrier with the most flights into the United States, said its transborder operations would be affected by a U.S. system outage on Wednesday, but it was too early to determine the full impact. Canada’s largest carrier said on Wednesday it will put in place a “goodwill policy” for …
Air Canada says transborder flights impacted by FAA outage Read More »
By Nichola Groom and Valerie Volcovici (Reuters) -U.S. clean energy companies are offering better wages and benefits, flying in trainers from overseas, and contemplating ideas like buying roofing and electric repair shops just to hire their workers as firms try to overcome a labor shortage that threatens to derail President Joe Biden’s climate change agenda. …
Biden’s climate agenda has a problem: Not enough workers Read More »
SAO PAULO (Reuters) – Retail sales volumes in Brazil posted in November their biggest drop in five months, government statistics agency IBGE said on Wednesday, affected by higher fuel prices and a weak Black Friday performance last year. Brazil’s retail sales fell 0.6% in November from October, IBGE reported, a deeper drop than the 0.3% …
Brazil retail sales post biggest drop in five months in November Read More »
WASHINGTON (Reuters) -President Joe Biden has ordered an investigation into an FAA system outage that grounded flights across the country Wednesday morning and said the cause of the failure was unknown. Biden told reporters at the White House he had spoken to Transportation Secretary Pete Buttigieg and they should have a good sense in a …
U.S. investigating FAA outage, cause not clear -Biden Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan. No news from the Fed appears to be good news these days. Markets breathed a collective sigh of relief that Tuesday’s first 2023 outing from Federal Reserve chairman Jerome Powell sidestepped any signal on policy rates and that he didn’t double …
By Jason Lange and Joseph Ax WASHINGTON (Reuters) – The U.S. House of Representatives Republicans who tried to block Kevin McCarthy’s leadership bid last week share more than far-right political views. They also command powerful fundraising machines powered by small-dollar donations. Their fundraising has a lot in common with the fundraising organizations of the Democratic …
U.S. House Republicans who bucked McCarthy are powered by small-dollar donors Read More »
By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes after payout restrictions prompted investors to reassess the risks of such holdings, industry experts say. BlackRock and M&G are among asset managers to have deferred third-quarter property fund withdrawals this …
Analysis-Gated UK property funds are open to further risk Read More »
(Refiles to change title in paragraph four to CIO from chief executive for Global Fixed Income at PIMCO. No other changes to text) By Naomi Rovnick (Reuters) – A shakeout in financial markets triggered by central banks’ sudden move to abandon ultra-low interest rates has created a casualty money managers will not miss: TINA. The …
BEIJING (Reuters) – China’s industrial output is expected to have grown 3.6% in 2022 from the previous year, the Ministry of Industry and Information Technology (MIIT) said on Wednesday, despite production and logistics disruptions from COVID-19 curbs. The output of the manufacturing sector is estimated to have risen 3.1% last year, accounting for 28% of …
China’s 2022 industrial output expected to have grown 3.6% y/y Read More »
PARIS (Reuters) – Interest rate hikes by the European Central Bank will need to come at a “pragmatic pace” in the coming months, French ECB policymaker Francois Villeroy de Galhau said on Wednesday. After raising interest rates by 2.5 percentage points in five months, they had reached a level where they neither fuel inflation nor …
ECB’s Villeroy sees rate hikes at a ‘pragmatic pace’ in coming months Read More »
