Tuesday 22 March 2022

Reuters Business: U.S. travel industry urges White House to lift COVID restrictions, mask mandate

U.S. travel industry urges White House to lift COVID restrictions, mask mandate

The U.S. Travel Association on Tuesday urged the White House to lift COVID-19 travel restrictions and repeal a mandate requiring masks on airplanes and in other transit modes by April 18, according to a letter seen by Reuters.

Exxon appoints former GM executive to lead its energy transition business

Exxon Mobil Corp. on Tuesday appointed Dan Ammann, former president of automaker General Motors, to lead the oil company's energy transition business effective May 1.

Starbucks cafe in hometown Seattle votes to unionize

Starbucks workers in a cafe in Seattle, the coffee chain's hometown, voted 9 to 0 in favor of joining a labor union, according to a tally of ballots on Tuesday.

Most dealers see UK trimming gilt issuance plans in 2022/23

British government bond issuance will fall closer towards pre-pandemic norms in the coming financial year, when the market's biggest buyer over the last decade - the Bank of England - will move to the sidelines, according to a Reuters poll of primary dealers.

Wall Street stocks, Treasury yields rise on hawkish Fed comments

Treasury yields marched higher on Tuesday, bringing U.S. stocks with them, as investors digested the increased likelihood of swift interest rate hikes following hawkish comments from the U.S. Federal Reserve.

Russian sanctions-linked firms run into hurdles with debt payments

Debt obligations from Russian companies linked to sanctioned billionaires were keeping investors on tenterhooks on Tuesday, as coupon payments to foreign holders of the securities ran into hurdles due to Western sanctions triggered by Moscow's invasion of Ukraine.

Ericsson CEO says he told staff to hand U.S. full Iraq report in 2019

Ericsson Chief Executive Borje Ekholm said on Tuesday he had told staff in 2019 to disclose to the U.S. Department of Justice all information on an investigation the company carried out that year into suspect payments in Iraq.

Wall St gains, with tech, growth shares in the lead

U.S. stocks ended higher on Tuesday, led by a 2% gain in the Nasdaq, as shares of technology and other big growth names rebounded from recent losses and Nike rose after it reported upbeat results.

U.S. to grant Britain duty-free steel quota of over 500,000 metric tons annually

The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel annually into the United States duty-free, sources familiar with the deal said.

WTO trade talks in disarray amid Ukraine tensions - sources

Western countries are refusing to engage with Russia at the World Trade Organization (WTO) in Geneva in a coordinated move that has already led to negotiations seizing up across a number of sectors, trade sources told Reuters.

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