By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed out the trading week on a soft note on Friday as early gains dissipated after U.S. debt ceiling negotiations in Washington were paused, denting optimism a deal could be reached in coming days to dodge a default. Stocks had rallied over the past two sessions …
LONDON (Reuters) -Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new sanctions against Russia, targeting companies connected to the suspected theft of Ukrainian grain. The United States and Canada also announced new penalties on Russia over its war against Ukraine. Washington imposed sanctions on gold producer …
UK to ban Russian diamonds, US sanctions target major gold miners Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as they headed into the weekend and the United States moved closer to the deadline to avoid default. While all three major …
Wall Street closes down, dollar dips as debt ceiling talks stall Read More »
By Joey Roulette WASHINGTON (Reuters) -A team led by Jeff Bezos’ Blue Origin won a coveted $3.4 billion NASA contract to build a spacecraft to fly astronauts to and from the moon’s surface, the U.S. space agency said on Friday, a breakthrough for the company two years after it lost out to Elon Musk’s SpaceX …
Bezos’ Blue Origin wins NASA contract to build astronaut lunar lander Read More »
By Aziz El Yaakoubi and Samia Nakhoul JEDDAH, Saudi Arabia (Reuters) – Syrian President Bashar al-Assad was given a warm welcome at an Arab summit on Friday, winning a hug from Saudi Arabia’s crown prince at a meeting of leaders who had shunned him for years, in a policy shift opposed by the U.S. and …
Syria’s Assad wins warm welcome at Arab summit after years of isolation Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Friday, as investors worried that U.S. politicians will fail to agree on a new debt ceiling and trigger a default that would hurt the economy and reduce fuel demand. Brent futures settled 28 cents, or 0.8%, lower at $75.58 a barrel, while West Texas Intermediate U.S. …
Oil slips as debt talks pause, Fed warns of high inflation Read More »
By Timothy Gardner WASHINGTON (Reuters) – The Biden administration has supported for the second time in a week the Mountain Valley natural gas pipeline, a project a key Democratic senator has pushed in legislation to speed permitting of fossil fuel and power transmission projects. Equitrans Midstream Corp’s $6.6 billion Mountain Valley Pipeline has been opposed …
Biden admin supports Mountain Valley Pipeline for second time in week Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance, contrary to market expectations, saying that given how credit conditions have tightened, the U.S. central bank may not need to raise interest rates as much. A pause in negotiations to raise the …
US dollar skids as Fed’s Powell hints at June pause, debt talks stall Read More »
By Deep Kaushik Vakil (Reuters) – Gold rallied 1% on Friday, recouping some losses from earlier this week, on renewed worries about the stability of the banking sector, while traders slashed bets for another interest rate hike following remarks from the U.S. Federal Reserve chairman. Spot gold gained 1.2% to $1,981.79 per ounce by 12:30 …
Gold gets lifeline from renewed banking jitters, Powell comments Read More »
KHARTOUM (Reuters) -Sudan’s capital Khartoum and sister city Bahri came under renewed air attack on Friday as the war between the army and paramilitary forces entered its fifth week, deepening a humanitarian crisis for trapped and displaced civilians. Mass looting by armed men and civilians alike is making life an even greater misery for Khartoum …
Air strikes hammer Khartoum as army chief drops RSF foe from Sudan council Read More »
