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03-05-2022 Micky Garus
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. Brent crude futures had fallen 46 cents, or 0.6%, to $76.23 a barrel by 0720 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 50 cents, or 0.7%, to $70.40. Both […]
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. Brent crude futures had fallen 46 cents, or 0.6%, to $76.23 a barrel by 0720 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 50 cents, or 0.7%, to $70.40. Both […]
By Dan Williams JERUSALEM (Reuters) – Israel ratified a law on Thursday limiting the circumstances in which a prime minister can be removed, despite worries voiced by a government jurist that it may be meant to shield the incumbent Benjamin Netanyahu from any fallout from his corruption trials. The amended definition for the “incapacity” of national leaders is among legislative measures by the religious-nationalist coalition that have tipped Israel into […]
BRUSSELS (Reuters) – The European Union wants to give consumers the right to have worn-out products like washing machines and televisions repaired by producers even after the sales guarantee has expired, to cut waste and make goods last longer. The European Commission proposed rules on Wednesday that would oblige producers to offer repairs for a product for between five and ten years after it was sold – regardless of whether […]
By Savyata Mishra (Reuters) – Investors turned less bearish on the Chinese yuan and the Singaporean dollar as they cut short bets across most Asian currencies, a Reuters poll found, as fears of a banking crisis likely prompted a shift towards a pause in policy tightening by major central banks. Short bets on the yuan fell to their lowest since December 15, 2022, according to the fortnightly poll, as home […]
BRUSSELS (Reuters) – The European Union wants to give consumers the right to have worn-out products like washing machines and televisions repaired by producers even after the sales guarantee has expired, to cut waste and make goods last longer. The European Commission proposed rules on Wednesday that would oblige producers to offer repairs for a product for between five and ten years after it was sold – regardless of whether […]
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday lifted its base rate charged through the overnight discount window by 25 basis points to 5.25%, hours after the U.S. Federal Reserve delivered a rate rise of the same margin. Hong Kong’s monetary policy moves in lock-step with the U.S. as the city’s currency is pegged to the greenback in a tight range of 7.75 to 7.85 per dollar. […]
By Keith Coffman DENVER (Reuters) -The student who was accused of shooting and wounding two faculty members at his Denver high school has been found dead near his vehicle in Park County. The Park County Coroners Office confirmed in a Facebook post that the body belonged to 17-year-old Austin Lyle, who shot faculty members as they were patting him down for weapons as part of a “safety plan” devised for […]
BEIJING (Reuters) -China’s military said on Thursday it had monitored and driven away a U.S. destroyer that illegally entered waters around the Paracel Islands in the South China Sea. In a statement, the military said that the guided-missile destroyer USS Milius intruded into China’s territorial waters, undermining peace and stability in the busy waterway. “The theater forces will maintain a high state of alert at all times and take all […]
