By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose 2% on Wednesday to their highest in more than a month as cooling U.S. inflation data spurred hopes that the Federal Reserve is getting closer to ending its cycle of interest-rate hikes and cushioned the impact of a small build in U.S. crude oil stocks. Brent crude …
Oil rises 2% on lower-than-expected US inflation data Read More »
By Herbert Lash NEW YORK (Reuters) – Treasury yields fell and a gauge of global stocks eased on Wednesday after the market was rattled by minutes from the Federal Reserve’s last policy meeting that indicated banking sector stress could tip the economy into a recession. Fed staff assessing the potential fallout of banking stress projected …
Dollar, stocks slip after Fed minutes spur recession fears Read More »
By Jonathan Stempel NEW YORK (Reuters) -Donald Trump asked a U.S. judge to delay the scheduled April 25 trial over whether he defamed former Elle magazine columnist E. Jean Carroll by denying he raped her, citing the recent “deluge of prejudicial media coverage” of criminal charges against him. In a Tuesday night letter to U.S. …
Trump blames media in seeking delay in rape accuser Carroll’s trial Read More »
By Michael Holden and Sachin Ravikumar LONDON (Reuters) -Britain’s Prince Harry will attend the Coronation next month of his father King Charles but without his wife Meghan, the couple said on Wednesday, bringing an end to months of speculation about whether they would go. Charles will be crowned in a ceremony that dates back 1,000 …
Prince Harry to attend Charles’ coronation, Meghan to stay in California Read More »
NAIROBI (Reuters) -Businesses reopened and traffic was back in urban centres of Ethiopia’s Amhara region on Wednesday after six days of violent protests over a planned shake-up of local forces, residents said. At least five people have died in the demonstrations which are a fresh security challenge to Prime Minister Abiy Ahmed’s government following a …
Businesses reopen in Ethiopian region after deadly protests Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after data showed U.S. consumer prices rose less than expected in March, raising expectations that the Fed is likely to stop hiking rates after a possible increase in May. The Consumer Price Index (CPI) climbed 0.1% last month, below economists’ expectations for a …
Dollar drops as inflation cools more than expected Read More »
By Deep Kaushik Vakil and Seher Dareen (Reuters) – Gold prices jumped on Wednesday as signs of cooling inflation bolstered bets that the U.S. Federal Reserve may pause its policy tightening after a likely interest rate hike in May. Spot gold was up 0.6% at $2,014.39 per ounce by 2:10 p.m. EDT (18:10 GMT), after …
Gold shines as bets for US rate hike pause gather pace Read More »
By Sethuraman N R BENGALURU (Reuters) -Tata Consultancy Services said on Wednesday fourth-quarter results were weaker than it had expected as some of the IT company’s clients in the North American banking space deferred project spending amid the U.S. financial crisis. India’s top IT exporter flagged “a lot of uncertainty” in its banking, financial services …
India’s TCS blames U.S. banking crisis for weak fourth quarter Read More »
By Noele Illien BERN (Reuters) -Switzerland’s parliament rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse’s merger with UBS, leaving the fallen bank’s hastily arranged rescue without a largely symbolic parliamentary blessing. While the upper house had approved the government’s contribution to the rescue package, parliament’s lower, and larger …
Credit Suisse rescue package rejected by Swiss parliament Read More »
By Gram Slattery and Andy Sullivan WASHINGTON (Reuters) -Republican U.S. Senator Tim Scott launched a presidential exploratory committee on Wednesday, taking a step toward challenging former President Donald Trump for the party’s nomination in 2024. As the only Black Republican in the U.S. Senate, Scott has frequently cited his own experience as the impoverished child …
U.S. Republican Senator Tim Scott explores possible presidential run Read More »
