Spain September inflation at 13-year high on soaring energy prices
MADRID (Reuters) - Spanish inflation hit a 13-year high in September, propelled by electricity, fuel and clothes prices, official data from the National Statistics Institute (INE) showed on Thursday,
U.S. swap spreads widen, three-month Libor rises as risk aversion spreads
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Spreads on 10-year U.S. interest rate swaps over Treasuries hit their widest in more than six months due in part to worries about the potential fallout
Two SPACs backed by billionaire Ken Moelis withdraw U.S. IPO plans
(Reuters) - Two special purpose acquisition companies (SPACs) backed by billionaire investment banker Ken Moelis have withdrawn their plans for initial public offerings in the United States, according
Exclusive-U.S. DOJ looking into conduct of Allianz fund managers
By Tom Sims and Chris Prentice FRANKFURT/WASHINGTON (Reuters) - The U.S.
Wells Fargo must face shareholder lawsuit alleging compliance failures
By Jonathan Stempel NEW YORK (Reuters) - A federal judge on Thursday rejected Wells Fargo & Co's bid to dismiss a lawsuit accusing the fourth-largest U.S. bank of defrauding shareholders about its
U.S. Customs bans fifth Malaysian glove maker over alleged forced labour
KUALA LUMPUR (Reuters) - The United States Customs and Border Protection (CBP) has banned imports from Malaysian glove manufacturer Brightway Group over suspected forced labour practices, the agency
Facebook owner Meta to lift veil off its metaverse business
By Elizabeth Culliford (Reuters) - Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport
Exxon signals fourth quarterly profit in a row on higher prices
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove as much as $1.9 billion in operating gains in the
FirstGroup activist investor loses fight to block U.S. sale
May 27, 2021 By Yadarisa Shabong (Reuters) -A majority of FirstGroup shareholders on Thursday backed the bus and train firm’s 3.3 billion pound ($4.7 billion)...
Inversion of key US yield curve slice is a recession alarm
NEW YORK (Reuters) -A key part of the yield curve inverted on Tuesday, as the 2-year U.S. Treasury note yield rose above the benchmark 10-year U.S.