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Stocks, Oil Edge Up as China Relaxes Quarantine Rules

LONDON, June 28 Reuters Global shares moved into positive territory on Tuesday while oil prices firmed following China39;s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by half in a major easing of […]
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G7 Agrees to Explore Cap on Russian Oil Price

G7 invites other nations to explore cap on Russian oil price Scholz sees no end to sanctions till Putin accepts failure G7 will commit up to 5 bln to fight hunger U.S. official G7 leaders commit to climate club, make carboncutting pledges SCHLOSS ELMAU, Germany, June 28 Reuters The Group of Seven economic powers have […]
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Four Big U.S. Banks Raise Dividends after Stress Tests

NEW YORKWASHINGTON, June 27 Reuters Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo hiked their dividends on Monday after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday the country39;s largest lenders could easily weather a severe economic downturn, giving them a clean bill of health and paving […]
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Heineken to Expand Mexico Operations with 90 mln Plant

MEXICO CITY, June 27 Reuters Heineken will build a 1.8 billion peso, or 90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in the town of Mequoi, the company said on Monday. The plant, Heineken39;s seventh in the country, will bring around 120 direct jobs after opening and around 150 […]
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Oil Extends Gains as Major Producers Flag Capacity Limits

MELBOURNESINGAPORE, June 28 Reuters Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly, while political unrest in Libya and Ecuador added to supply concerns. U.S. West Texas Intermediate WTI crude futures rose 1.8, or 1.6, to […]
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Italy Says Can Exceed 3.1 Growth Target for 2022

ROME, June 28 Reuters Italy39;s Treasury said the country39;s economy could grow this year by at least as much as Rome39;s official target of 3.1 set in April, despite the negative impact of surging energy prices. Italy grew 0.1 in the first quarter from the previous three months, national statistics bureau ISTAT said last month, […]
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Jobs in U.S. Energy Sector Rose in 2021

WASHINGTON, June 28 Reuters Jobs in the U.S. energy business rose 4 last year, at a faster clip than the country39;s overall private sector, led by work in lowcarbon vehicles, while positions in fossil fuels fell as the pandemic cut demand, the Department of Energy said on Tuesday. The U.S. Energy and Employment Report showed employment in […]
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G7 Pledges 4.5 bln to Fight Global Hunger

GARMISCHPARTENKIRCHEN, Germany, June 28 Reuters G7 leaders pledged 4.5 billion on Tuesday to fight global hunger and agreed to step up their efforts to help Ukrainian farmers keep working and to address fertiliser shortages. The communique agreed at the end of a threeday summit in the Bavarian Alps also called on those with stockpiles to […]
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