Author: News Room
ISTANBUL (Reuters) – Iraq has petitioned a U.S. federal court to enforce an arbitration award against Turkey related to Iraqi oil exports through a pipeline to a Turkish port, according to documents filed with the court. Under last month’s International Chamber of Commerce (ICC) arbitration ruling, Iraq was awarded damages in a case in which Baghdad accused Ankara of allowing the Kurdish Regional Government (KRG) to export oil without Baghdad’s consent between 2014-2018. The petition, filed with the U.S. District Court of the District of Columbia, requested from the court, “Recognizing, Confirming, and Enforcing the Final Award issued by the…
© Reuters. FILE PHOTO: A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive. REUTERS/File Photo By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) – Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month’s regional banking crisis and a slowing economy expected to hurt profitability. Earnings per share for the six biggest U.S. banks are expected to be down about 10% from a year earlier, analyst estimates from Refinitiv I/B/E/S show.…
Gold futures advanced on Tuesday, with the most-active futures contract on track to settle above the $2,000 level for a sixth straight session, as a softer U.S. dollar provided support to the yellow metal. Price action Gold futures for June delivery GC00, +0.76% GCM23, +0.76% rose by $15.20, or 0.8%, to settle at $2,019 per ounce on Comex. Prices for the most-active contract has now settled above $2,000 for six consecutive sessions, even though prices posted declines in the last three sessions, FactSet data show. Silver futures for May delivery SI00, +1.12% SIK23, +1.12% gained 27 cents, or 1.1%, to…
Professors, graduate student workers, researchers and other educators at Rutgers University launched an historic strike this week, the latest in a wave of collective bargaining activity that has taken hold at universities across the country over the past few years. The unions participating in the strike represent about 9,000 workers at Rutgers, New Jersey’s flagship public university. As part of the event, protesters demonstrated at picket lines at the three Rutgers campuses across the state and organizers said they expect instruction and “non-critical research” at the school to stop. The strike comes after several months of stalled negotiations over contracts that…
By Kosaku Narioka Shift Inc. shares rose sharply Tuesday morning after the Japanese software-testing company said its first-half operating profit climbed 33%, thanks partly to client gains. Shares were recently 19% higher at 26,650 yen after rising as much as 21% earlier. Shift said after Monday’s market close that operating profit increased to Y5.08 billion ($38.0 million) for the six months ended Feb. 28 from Y3.83 billion a year earlier. First-half revenue rose 35% to Y40.34 billion, as the number of clients increased in various industries and revenue per client improved. Net profit dropped 18% to Y2.185 billion due primarily…
Oil futures climbed on Tuesday, with U.S. prices settling at their highest since January and global benchmark Brent crude marking its highest finish in about five weeks. Gains in prices for both oil benchmarks follow Monday’s settlements at month-to-date lows, with prices pressured by worries over the outlook for energy demand, but also finding support from expectations for tighter global supplies. Price action West Texas Intermediate crude for May delivery CL.1, +2.16% CL00, +2.16% rose $1.79, or 2.2%, to settle at $81.53 a barrel on the New York Mercantile Exchange. Prices based on the front-month contract ended at the highest…
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Gun violence has touched most American households, so it’s no surprise that a governor would know the victim of a mass shooting. But it’s not one governor, and it’s not one mass shooting. Kentucky Gov. Andy Beshear described “one of my closest friends,” Tommy Elliott, the senior vice president of Old National Bank who was among the five people struck down Monday during a shooting inside the Louisville bank. “Tommy Elliott helped me build my law career. Helped…
US President Joe Biden said he would use his trip to Northern Ireland to help “keep the peace” and leverage the benefits of a post-Brexit trade deal as the region marks the 25th anniversary of the agreement that ended three decades of conflict.Ahead of his departure to Belfast on Tuesday, the president talked about lasting stability in the region. He emphasised the importance of the 1998 Good Friday Agreement, which was brokered by the US, and the Windsor framework, the new UK-EU accord covering Northern Ireland’s post-Brexit trade rules.Air Force One landed at 9.20pm and a relaxed-looking Biden emerged, to…
New Mountain Finance (NASDAQ:NMFC) is currently trading at a 7% discount to net asset value, despite the fact that the business development company has consistently covered its quarterly dividend pay-out with net investment income in 2022. While New Mountain Finance’s credit quality isn’t the best, with a non-accrual ratio of 1.8%, it remained stable in the fourth quarter. New Mountain Finance currently has a dividend yield of 10.6% after increasing its payout to $0.32 per share, and the stock is a buy on the dip. Get A 10% Yield From A Well-Diversified Portfolio The portfolio of New Mountain Finance is…
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