UK

Gold hovers near nine-month high, focus turns to U.S. data

Reuters | January 25, 2023

By Seher Dareen (Reuters) – Gold reversed course to edge up on Wednesday as the dollar weakened and investors kept a close eye on a slew of upcoming U.S. economic data that could influence the Federal Reserve monetary policy meeting next week. Spot gold rose 0.2% to $1,940.49 per ounce by 1:40 p.m. ET (1840 […]

Capri names insider Cedric Wilmotte as CEO of Michael Kors

Reuters | January 23, 2023

(Reuters) – U.S. luxury group Capri Holdings Ltd on Monday named company veteran Cedric Wilmotte as the chief executive officer of its Michael Kors brand. Wilmotte, 48, who will take charge from April 3, recently served as the interim CEO of the group’s Versace brand and is currently the label’s chief operating officer. He previously […]

Oil gains 3% on global economic optimism, despite surprise U.S. crude build

Reuters | January 11, 2023

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose 3% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. Brent futures rose $2.57, or 3.2%, to settle at $82.67 a […]

U.S. dollar down, still set for best year since 2015

Reuters | December 30, 2022

By Hannah Lang WASHINGTON (Reuters) – The dollar was on track to post its best year since 2015 on Friday in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. As 2022 draws to a close, the dollar was set to notch […]

Britain eyes trade agreements with California, Utah

Reuters | December 10, 2022

By Andrea Shalal WASHINGTON (Reuters) – Britain this week inked an agreement aimed at boosting trade and investment with South Carolina, its third such deal with a U.S. state, and is seeking similar deals with California and Utah, the UK junior trade minister, Greg Hands, said on Friday. Britain remains convinced that a comprehensive free […]

Rolls-Royce successfully tests hydrogen-powered jet engine

Reuters | November 28, 2022

LONDON (Reuters) – Britain’s Rolls-Royce said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be key to decarbonizing air travel. The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal […]

U.S. gas at $4-$5 is a thing of the past, says Tellurian chairman

Reuters | October 4, 2022

By Marwa Rashad LONDON (Reuters) – The chairman of liquefied natural gas (LNG) company Tellurian Inc, Charif Souki, on Tuesday said that cheap U.S. gas is a thing of the past and the only solution for Europe’s energy crisis is to invest in U.S. gas infrastructure. “Getting (U.S.) gas in the water for $4-$5 is […]

Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down

Reuters | September 29, 2022

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. The pound posted its largest one-day percentage gain since March 2020 and last traded at $1.1076, up […]

Oil prices down, investors expect big Fed rate hike

Reuters | September 20, 2022

By David Gaffen NEW YORK (Reuters) -Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation. The U.S. Federal Reserve is likely to raise interest rates by another 75 basis points on Wednesday to rein in inflation. Those […]