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WASHINGTON, April 19 (Reuters) – Republican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation’s debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense . . .
WASHINGTON, April 18 (Reuters) – Republicans in the U.S. House of Representatives on Tuesday held a “robust” discussion over Speaker Kevin McCarthy’s plans for raising the federal debt limit and cutting future government spending, amid signs of discontent ranging from far-right to more moderate wings of the party. On Monday, McCarthy outlined a plan for […]
LONDON, April 10 (Reuters Breakingviews) – Helping India grow in a green way is one of the best things that could happen for its people and the planet. Emissions from the world’s most populous country are only
WASHINGTON, April 6 (Reuters) – United Airlines (UAL.O) said on Thursday it will temporarily cut some flights at three airports in the New York and Washington, D.C., areas after the Federal Aviation Administration gave carriers permission to cancel some flights this summer because of an air traffic controller shortage.
Oil rose as signs of a further drawdown in US inventories helped prices to extend a rally driven by an unexpected OPEC+ supply cut. West Texas Intermediate rose toward $81 a barrel after closing at the highest level in almost 10 weeks. The industry-funded American Petroleum Institute reported nationwide crude stockpiles fell 4.3 million barrels, […]
Saudi Arabia said on Sunday that its 500,000 barrel-a-day cut in oil production was a “precautionary measure aimed at supporting the stability of the oil market.” The immediate result so far has been a price surge. Oil prices soared in early trading on Monday with Brent crude, the international benchmark, rising as much as 8 […]
SINGAPORE/LONDON, April 3 (Reuters) – The dollar rose against other major currencies on Monday as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production targets further, with traders wagering the Federal Reserve may need to increase interest rates again at its next meeting.
By Wayne Cole SYDNEY (Reuters) – Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. Brent oil futures jumped almost $6 to $85.54 a […]
CHICAGO, Feb 27 (Reuters) – A string of tornadoes roared through Oklahoma and Kansas overnight, leaving a path of damaged structures and flipped-over vehicles, and causing a dozen or more injures and knocking out power to tens of thousands of homes and businesses. Police in Norman, Oklahoma, reported that 12 people were taken to hospitals […]
BEIJING, Feb 24 (Reuters) – Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 61 cents, or 0.7%, to $82.82 per barrel by 0215 GMT. West Texas Intermediate crude futures (WTI) rose 63 cents, or […]