European shares open higher as investors weigh rate rise outlook

European shares opened the week higher, following losses in the previous session as a red-hot US jobs report added to expectations of aggressive interest rate rises by the Federal Reserve. The regional Stoxx Europe 600 gained 0.8 per cent in early dealings, with the FTSE 100 up 0.6 per cent. In Asian markets, Hong Kong’s … Read more

Stocks Face Subdued Open as US Futures, Oil Drop: Markets Wrap

(Bloomberg) — Stocks in Asia look set for a cautious start on Monday following a jump in Treasury yields and the dollar on expectations of further aggressive Federal Reserve interest-rate hikes to tame elevated inflation. Most Read from Bloomberg Futures dipped for Japan, Australia and Hong Kong, while S&P 500 and Nasdaq 100 contracts declined. … Read more

US oil producers defy calls to open taps and tame war-driven energy prices

America’s largest oil and gas producers are keeping a lid on supply, defying calls from the Biden administration to lift output even as soaring fuel prices driven by Russia’s war in Ukraine deliver bumper profits. Top shale oil and gas producers including ConocoPhillips, Pioneer Natural Resources and Devon Energy all unveiled a sharp increase in … Read more

Har Ghar Tiranga: Post Offices to remain open on all days till I-Day

To facilitate the sales and distribution of national flags under Har Ghar Tiranga campaign, all post offices across the country will function on holidays, falling before Independence Day 2022, informed the Ministry of Communications on Saturday. The Ministry said all delivery post offices and other important post offices across the country will … Read more

UK’s Solvency II Plans Could Open Door to Share-Buyback Bonanza for Insurers

Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and to pay dividends, under plans by both candidates to succeed Boris Johnson as UK prime minister. Foreign Secretary Liz Truss and former Chancellor of the Exchequer Rishi Sunak have both said overhauling … Read more

Why Should a Small Business Open a Business Line of Credit?

In this article, we cover: Small business owners can access capital via a business line of credit to help them expand, purchase equipment, purchase inventory, hire or retain talent, acquire another business, and more. There are many things to consider before opening a business line of credit such as qualification requirements, choosing the right lender, … Read more

Three gates of Srisailam Dam in Andhra Pradesh open due to heavy inflow

In view of heavy rainfall, the irrigation department officials of Andhra Pradesh on Saturday opened three gates of the Srisailam Dam up and released water downstream. State Irrigation Minister Ambati Rambabu, Nandyal MP Pocha Brahmananda Reddy, Srisailam MLA Shilpa Chakrapani Reddy and Nandyal District Collector Manazir Jeelani lifted the … Read more

U.S. open to discussing Colombia trade deal with next president

Breadcrumb Trail Links PMN Business Author of the article: Article content WASHINGTON — The Biden administration is willing to discuss the existing U.S.-Colombia trade agreement with the Andean country’s next president, a senior U.S. official said, as Washington dispatched a high-level delegation on Thursday to begin forging a relationship with him on a wide range … Read more

Senior Fed governor open to 1 percentage point rate rise

A top official at the Federal Reserve has left the door open for the US central bank to raise interest rates by a full percentage point at the end of this month if warranted by incoming data. Fed governor Christopher Waller on Thursday reiterated his support for a three-quarter percentage point increase at the July … Read more

European shares open lower ahead of closely watched US inflation reading

European stocks slipped lower on Wednesday, while the euro stayed on the cusp of parity with the dollar, as traders awaited a closely watched US inflation report due later in the day. The regional Stoxx Europe 600 share index — which has fallen almost 15 per cent so far this year in a broad global … Read more