By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in supply. Brent crude settled up $1.07, or 1.3%, at $84.07 a barrel. U.S. West Texas Intermediate crude (WTI) for March, which expires on Tuesday, …
Oil rises 1% on China demand hopes and supply concerns Read More »
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel on Monday raised its benchmark interest rate by another half a percentage point, and a senior official said more increases were likely needed to rein in inflation that remains above a 5% rate. The central bank lifted its key rate to 4.25% – …
Bank of Israel battle against ‘sticky’ inflation rages on Read More »
By America Hernandez PARIS (Reuters) – EDF’s new nuclear plant in southwest England is likely to cost about 2% more than its last budget estimate as inflation propels the price tag to almost 33 billion pounds ($40 billion), EDF documents show. Britain plans to build new nuclear plants to boost its energy security and help …
Cost of EDF’s new UK nuclear project rises to $40 billion Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -Britain’s FTSE 100 edged up on Monday, as strength in mining stocks lifted the commodity-heavy index, while Frasers Group jumped after the retailer announced a share buyback programme. The blue-chip index closed up 0.1%, trading above the 8,000-point mark. The domestically focussed FTSE 250 midcap index ended …
By Andrew Chung WASHINGTON (Reuters) – Nohemi Gonzalez, a 23-year-old aspiring industrial designer, ventured to Paris as a student at California State University, Long Beach on a study-abroad program. She lost her cellphone, so one day in November 2015 she let her mother Beatriz know she was well with a one-word message on Facebook: “Mommy.” …
A family’s tragedy leads to U.S. Supreme Court social media showdown Read More »
By Amanda Cooper LONDON (Reuters) -Global shares inched up on Monday as a U.S. holiday tempered volatility ahead of minutes of the latest Federal Reserve meeting even though data on core inflation has raised the risk of interest rates heading higher for longer. The dollar, which is this month on track for its largest one-month …
Shares steady, dollar dips as US holiday lifts rates gloom Read More »
JOHANNESBURG (Reuters) -The South African rand weakened against the dollar on Monday, at the start of a week in which fiscal policy will be in focus, with the finance minister due to present this year’s budget. At 1536 GMT, the rand traded at 18.1225 per dollar, 0.47% weaker than its previous close. The U.S. dollar …
South African rand slips; fiscal policy in focus this week Read More »
New York (Reuters) – A team of Reuters reporters on Monday won a George Polk Award for reports that revealed the widespread use of child labor among suppliers to Hyundai Motor Co in the U.S. state of Alabama. The series of stories, “Undocumented and Underage,” has prompted at least 10 probes by U.S. and Alabama …
Reuters wins George Polk Award for uncovering child labor in Hyundai supply chain Read More »
By Samuel Indyk LONDON (Reuters) – The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flurry of economic data reinforced market expectations of tighter monetary policy from the Federal Reserve. The U.S. dollar index, which measures the dollar against six other major currencies, slipped 0.2% to 103.81. It is …
Dollar edges down from six-week peak, Swedish crown jumps Read More »
By Kirsty Needham SYDNEY (Reuters) -A police operation is underway to rescue an Australian university professor and three researchers taken hostage in the remote highlands of Papua New Guinea, the Pacific island nation’s police commissioner said on Monday evening. Armed criminals have demanded cash in return for releasing the captives, who included one foreign citizen …
