Euro near seven-week low after ECB; virus fears support yen

Euro near seven-week low after ECB; virus fears support yen
TOKYO (Reuters) – The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China’s coronavirus outbreak propped up the safe-haven yen. FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. REUTERS/Antonio Bronic The euro... Read More

U.S. weekly jobless claims rise modestly; labor market tight

U.S. weekly jobless claims rise modestly; labor market tight
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson Labor market strength is underpinning consumer... Read More

Steep losses in China stocks hit Asia, oil tumbles as virus fears grow

Steep losses in China stocks hit Asia, oil tumbles as virus fears grow
TOKYO (Reuters) – Asian shares tumbled on Thursday, led by the biggest slide in Chinese stocks in more than eight months, as investors grew more anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year. FILE PHOTO: An investor looks at a stock quotation board at a brokerage... Read More

Amazon asks court to pause Microsoft’s work on Pentagon’s JEDI contract

Amazon asks court to pause Microsoft’s work on Pentagon’s JEDI contract
The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest... Read More

Amazon files motion to halt Microsoft’s work on Pentagon’s JEDI contract

Amazon files motion to halt Microsoft’s work on Pentagon’s JEDI contract
The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc on Wednesday said it filed a motion to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the... Read More

Kinder Morgan profit, cash flow rise on Gulf Coast Express pipeline strength

Kinder Morgan profit, cash flow rise on Gulf Coast Express pipeline strength
FILE PHOTO: Kinder Morgan North 40 facility in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott (Reuters) – U.S. pipeline operator Kinder Morgan Inc (KMI.N) reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline. The pipeline, which can transport 2 billion cubic feet per day... Read More

Kinder Morgan profit jumps 26% on Gulf Coast Express pipeline strength

Kinder Morgan profit jumps 26% on Gulf Coast Express pipeline strength
FILE PHOTO: Kinder Morgan North 40 facility in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott (Reuters) – U.S. pipeline operator Kinder Morgan Inc (KMI.N) reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline. The pipeline, which can transport 2 billion cubic feet per day... Read More

Laid-off Philadelphia refinery workers struggle with shrinking sector

Laid-off Philadelphia refinery workers struggle with shrinking sector
PHILADELPHIA/NEW YORK (Reuters) – Third-generation Philadelphia oil refinery worker Lee Murray wore his late father’s hard hat every day of the 25 years he spent there. A colleague gave it to him on his first day on the job, only months after the older Murray died, an act emblematic of the tight bond workers forged at the East Coast’s oldest... Read More