admi

Economy News

Luckin Coffee plans to relist in U.S. two years after accounting fraud – FT

(Reuters) -Luckin Coffee plans to relist its shares in the United States, the Financial Times reported https://www.ft.com/content/f8327af5-5203-44fd-acc7-267c7b475fa7 on Wednesday, two years after the Chinese coffee chain’s $300 million accounting scandal.

Read More
Commodities News

Oil hits 2014 highs as Turkey outage adds to supply concerns

By Laura Sanicola (Reuters) – Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about

Read More
Commodities News

Texas power plants ready for winter, grid says ahead of cold snap

By Scott DiSavino (Reuters) – Nearly all of Texas’ electric generation units and transmission facilities have passed the state’s new winterization rules, the state grid reported just before the expected

Read More
News

UK sees highest inflation since 1992, pressuring BoE and households

By David Milliken and Andy Bruce LONDON (Reuters) -Inflation in Britain rose faster than expected to its highest in nearly 30 years in December, intensifying a squeeze on living standards

Read More
News Politics

Voting rights brawl takes center stage in U.S. Senate

By Richard Cowan and David Morgan WASHINGTON (Reuters) -The U.S. Senate headed for a high-stakes showdown over the 100-seat chamber’s filibuster rule on Wednesday, as Republicans prepared to use the

Read More
News Stock Market

Chocolate-maker Lindt sees slower growth after bottlenecks bite

By Silke Koltrowitz ZURICH (Reuters) -Swiss chocolate maker Lindt & Spruengli expects sales of its upmarket chocolates to grow less in 2022 than last year, it said on Tuesday, and

Read More
News Stock Market

U.S. regulators must provide more clarity on crypto rules, says BNY Mellon CFO

By Michelle Price WASHINGTON (Reuters) – U.S. regulators need to provide more clarity on the rules of the road for cryptocurrencies and other digital assets amid ongoing confusion over what

Read More
News Stock Market

American Airlines warns 5G may result in ‘major operational disruptions’

WASHINGTON (Reuters) – American Airlines (NASDAQ:AAL) Chief Operating Officer David Seymour on Tuesday told employees the company expects the airline industry “will experience major operational disruptions” if new 5G wireless

Read More
News Stock Market

France stocks lower at close of trade; CAC 40 down 0.94%

Investing.com – France stocks were lower after the close on Tuesday, as losses in the Utilities, Gas & Water and General Financial sectors led shares lower. At the close in

Read More
News Stock Market

Goldman shares tumble as weak trading, higher pay hit profit

By Matt Scuffham, Noor Zainab Hussain and Niket Nishant (Reuters) – Goldman Sachs Group (NYSE:GS) missed quarterly profit expectations on Tuesday as weak trading activity and rising expenses blighted the

Read More