Exclusive-Delta Air Lines Readies Refinery To Process Biofuels -sources
Delta Air Lines Inc plans to start receiving shipments of renewable fuel feedstocks at its Trainer, Pennsylvania, refinery as part of a strategy that could reduce its environmental liabilities by hundreds of millions of dollars, according to three sources familiar with the matter.
Wall Street's 'Fear Gauge' Creeps Higher As Stock Sell-off Deepens
Investors' anxiety about stock market turbulence is fast approaching levels associated with heightened fear as the S&P 500 looks set to wrap up its worst weekly showing in three months.
U.S. Consumer Inflation Expectations Fall In September; Sentiment Rises
U.S. consumers' near-term inflation expectations fell to a one-year low in September and the outlook over the next five years also improved, easing fears that the Federal Reserve could raise interest rates by a full percentage point next week.
Brazil Central Bank Set To Keep Rates At Cycle High Of 13.75% Next Week - Reuters Poll
Brazil's central bank is set to keep its benchmark rate at a cycle high of 13.75% on Wednesday and is likely to stick to a hawkish stance for next year to temper inflation expectations, a Reuters poll showed.
Analysis-Porsche Poses Governance Dilemma For Investors Weighing IPO
Porsche's leadership set-up and the limited influence for stock market investors after its IPO are prompting some fund managers - particularly those focussed on governance issues - to think twice about whether to invest in the listing.
Germany Eyes China's Military Build-up, Russia Drills With Concern - Defence Minister
Germany is observing China's military build-up and drills with Russia with concern while signalling its commitment to a rules-based order in the Indo Pacific with its growing presence there, the country's defence minister told Reuters.
SNB To Join 75 Basis Point Hike Club On Sept 22, Inflation Yet To Peak - Reuters Poll
The Swiss National Bank will join the 75 basis point rate hike club on Thursday to choke off nearly three-decade-high inflation, according to economists polled by Reuters, who also said price rises were yet to peak despite a strong currency.
Moscow's Military Reserves May Be Smaller Than Initially Assumed - German Defence Minister
Russia has suffered significant troop and equipment losses in Ukraine and the impact of Kyiv's latest counter-offensive may reveal Moscow's military reserves to be smaller than assumed, Germany's defence minister told Reuters.
FedEx Sinks As Pulled Forecast Deepens Global Slowdown Fears
Shares of FedEx slumped 20% on Friday as the delivery heavyweight's withdrawal of a recently issued forecast amplified worries over softening demand as consumers across the world battle surging inflation.
Sanctions Hamper Russia's Ability To Make Advanced Weapons, NATO Says
Western sanctions are starting to hurt Russia's ability to make advanced weaponry for the war in Ukraine, a top NATO military adviser told Reuters on Friday, although he added Russian industry could still manufacture "a lot of ammunition".
Meloni 'Unfit To Govern Italy' For Defending Orban, Critics Say
Giorgia Meloni, likely to be Italy's next prime minister after elections this month, is unfit to lead the country, her critics said on Friday, after she backed Hungarian leader Viktor Orban in a row with Europe.
Russian Central Bank Trims Key Rate To 7.5%, Does Not Signal Further Cut
Russia's central bank cut its key interest rate by 50 basis points to 7.5% on Friday as inflation slows and the economy needs cheaper lending to limit a slump, but did not repeat recent guidance that it would study the need for further cuts.
Traders Start Pricing In Chance Of ECB Rate Cut Late Next Year
Money markets in the euro zone have started pricing in a chance of an ECB rate cut late next year, as traders bet the bank may end up overtightening monetary policy by delivering a series of big rate hikes.
Analysis-OPEC+ Leaders Like $100 Oil, Won't Necessarily Defend It
Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price that the global economy can absorb, sources familiar with government thinking in the two countries told Reuters.
Futures Hit Two-month Lows As FedEx Warning Stokes Slowdown Fears
U.S. stock index futures tumbled to two-month lows on Friday after a profit warning from global delivery bellwether FedEx spooked investors already worried about aggressive rate hikes from the Federal Reserve tipping the economy into a recession.
Princess Haya Mourns 'Inspiration' Queen Elizabeth
Princess Haya bint Hussein of Jordan, whose family has enjoyed a long friendship with the British royals, paid tribute to Queen Elizabeth as a woman she looked up to for inspiration.
Bank Holdups Snowball In Lebanon As Depositors Demand Their Own Money
Three Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday, adding to a spate of holdups this week spurred by frustration over a spiralling financial implosion with no end in sight.
Biden Administration Targets Crypto Enforcement, Digital Asset Rules
U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential for misuse and harm even as it noted their growing role in global finance.
Analysis-Lower Oil Prices Defy Robust Forecasts For Global Demand
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand.
US Climate Envoy Kerry Cautions Against Long-term Gas Projects In Africa
U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy.
Queen's Death Revives Memories Both Fond And Bitter In Zimbabwe
A memorial service in Zimbabwe for Queen Elizabeth drew a handful of mourners on Thursday but some on the streets of the capital said she was a symbol of British colonial rule that should not be celebrated.
Prime Brokers Fight For Clients After Credit Suisse's Exit
The departure of Credit Suisse Group AG from the business of servicing hedge funds unleashed a battle for market share among banks, with the three biggest players getting bigger, according to prime brokers and new industry data.
Factbox-U.S. Midterm Elections: 12 Governor Races To Watch
Thirty-six of the 50 states will elect governors in November's U.S.
Britain's Popular Prince William Bears Royal Weight On His Shoulders
For Britain's royal family, plenty rides on what Prince William does as heir to the throne, and eventually, as king.
Analysis-Why Baby Gear May Not Alleviate Bed Bath & Beyond's Troubles
Struggling home goods retailer Bed Bath & Beyond Inc is taking an axe to stores and jobs and overhauling its merchandising strategy, but its return to profitability anytime soon may hinge on luring U.S.
Abortion Gives Democrats A Shot At Flipping A Senate Seat In Wisconsin
Nicole Slavin was a reliable Democratic voter in a conservative region of Wisconsin, but she realized casting a ballot was no longer enough after the state's abortion access vanished almost overnight.
Industry Says EU Plan To Tackle Energy Crisis Falls Short
Industry groups have warned that the European Union's package of emergency measures to bring down energy costs does not go far enough, and they urge Brussels to do more to tame gas prices.
Children, Women Suffer From Water-borne Diseases As Pakistan Floods Recede
Children and women are becoming more vulnerable as tens of thousands of people suffer from infectious and water-borne diseases in flood-hit Pakistan, government data showed and UNICEF said on Friday, as the total death toll from the inundation surpassed 1,500.
Germany Takes Control Of Russian-owned Refinery Amid Energy Crisis
The German subsidiary of Russian oil giant Rosneft was placed under trusteeship on Friday, giving Germany's federal regulator control of the PCK refinery in Schwedt, a key source of fuel for the city of Berlin.
Airbus Sees Helicopter Lift-off On Energy Crisis, Military Spend
Airbus Helicopters expects new orders and deliveries to keep growing this year, its chief executive told Reuters, as a scramble for new energy supplies and higher military spending accelerate a recovery in the long-sluggish rotary-wing sector.
