Author Archives: Syndicated Content
No immunity for Turkey's Halkbank in Iran sanctions case, US appeals court rules
NEW YORK (Reuters) - A U.S. appeals court on Tuesday rejected a request by Turkey's state-owned Halkbank for immunity from U.S. criminal charges that it helped Iran evade American sanctions. The 2nd U...
Oct 22, 2024
ECB's Centeno sees risk of undershooting inflation goal, wants gradual rate cuts
LISBON (Reuters) - Inflation in the euro zone has slowed to converge with the European Central Bank's 2% target and the risk now is undershooting the goal, which could stifle growth, ECB policymaker M...
Oct 22, 2024
Exclusive-Russia to use ship-to-ship LNG loadings to free up ice-class tankers
MOSCOW (Reuters) - Russia plans to arrange ship-to-ship transfers of liquefied natural gas and gas condensate in the Barents and Bering Seas to free up more ice-class tankers for its biggest LNG produ...
Oct 22, 2024
Norfolk Southern posts upbeat quarterly results on improving rail service, volumes
(Reuters) - U.S. railroad operator Norfolk Southern reported third-quarter profit and revenue above Wall Street estimates on Tuesday, helped by strength in its merchandise and intermodal segments. Sha...
Oct 22, 2024
ECB's Knot: falling interest rates should ease debt burdens
NEW YORK (Reuters) - Falling interest rates should ease the pressures created by high government borrowing levels, Dutch European Central Bank governing council member Klaas Knot said Tuesday. "Intere...
Oct 22, 2024
Walmart to deliver prescription medications as soon as 30 minutes
(Reuters) - Walmart said on Tuesday it will now deliver prescription medicines and medication refills as a single order along with groceries and other items as soon as 30 minutes, as part of its new e...
Oct 22, 2024
South Africa sees Russia as a valued ally, Ramaphosa tells Putin
JOHANNESBURG (Reuters) - South Africa sees Russia as a valued ally, President Cyril Ramaphosa said at a bilateral meeting with Russia's Vladimir Putin on Tuesday, on the eve of the BRICS summit of eme...
Oct 22, 2024
IMF lowers Saudi Arabia's 2024 growth forecast to 1.5%
ABU DHABI (Reuters) - The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate to 4.6% next year in its latest World...
Oct 22, 2024
ECB needs clearer communication - but not dot plots, Nagel says
WASHINGTON (Reuters) - The European Central Bank needs to improve how it communicates policy intentions and uncertainty, but copying the U.S. Federal Reserve's "dot plot" projection method is not a de...
Oct 22, 2024
US grants $428 million to clean energy projects in communities that relied on coal
By Timothy Gardner WASHINGTON (Reuters) - The U.S. on Tuesday announced $428 million in grants to build or expand battery manufacturing and recycling plants and other clean energy manufacturing in com...
Oct 22, 2024
