Abnormal weather this past winter and spring has put a major dent in US utilities’ earnings — an impact so severe that even a scorching summer likely won’t be enough to erase it.
US oil production this year will rise faster than previously expected, providing additional crude supplies to a market that has tightened because of Saudi Arabian output cuts, according to a new government forecast.
Vodacom Group Ltd.’s deal to buy a stake in Remgro Ltd.’s fiber businesses was plunged into jeopardy after South Africa’s antitrust regulator urged the country’s Competition Tribunal to block the acquisition.
Business and environmental groups are pushing Prime Minister Justin Trudeau’s government to quickly enact a program to guarantee carbon pricing revenue, or else lose out on the investments needed to reach Canada’s climate goals.
Shoppers have found it’s not a problem to buy fewer paper products and bath items. But for the companies that make these basics, it’s trouble.
A divided US Supreme Court let President Joe Biden’s administration regulate build-at-home “ghost guns” while a legal fight goes forward, blocking a lower court ruling that said officials were overstepping their authority.
Federal Reserve Bank of Philadelphia President Patrick Harker said the US central bank may be able to cease interest-rate increases, barring any surprises in the economy, though rates would need to stay at their current elevated levels for some time.
A video of a Mozambican musician urging disgruntled soldiers to stage a coup over the late payment of their salaries led to his arrest this week. It also highlighted the difficulty the government of the emerging natural gas exporter faces in paying public workers on time.
Mexico’s opposition frontrunner Xochitl Galvez is narrowing the gap with the candidates of ruling Morena party, who are the favorites to win next year’s presidential election, suggesting a more competitive race, according to an El Financiero poll.
A government led by Guatemalan presidential favorite Bernardo Arévalo would target an investment grade credit rating for the low-debt country, a top economic advisor said.
