By Fabian Cambero SANTIAGO (Reuters) – Copper production from Chile’s Codelco, the world’s largest producer of the red metal, reached 1.328 million metric tons last year, according to an internal document seen by Reuters on Wednesday. The closely watched final number had not previously been reported but Chairman Maximo Pacheco said earlier this week that …
By Michael S. Derby NEW YORK (Reuters) – Wall Street’s biggest banks have pushed back the expected endgame for the Federal Reserve’s ongoing efforts to shrink the size of its balance sheet, according to meeting minutes for the Federal Reserve’s most recent policy meeting. Banks told the Fed ahead of the December policy meeting that …
Fed minutes show Wall Street pushed back expected end of balance sheet drawdown Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness. Signs of a steadily cooling labor market could allow the Federal …
US weekly jobless claims at 11-month low amid labor market stability Read More »
By Shariq Khan NEW YORK (Reuters) -U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump’s plans to levy a 25% tariff on Canadian imports. Trump, who has long complained about Canada’s trade …
US oil imports from Canada hit record ahead of tariff threat, EIA data shows Read More »
BRASILIA (Reuters) -Brazilian prosecutors on Wednesday ordered that social media platform Meta clarify whether recently announced changes to its fact-checking program in the United States will also be applied to the South American country. Meta, which on Tuesday scrapped its U.S. fact-checking program and reduced curbs on discussions around contentious topics such as immigration and …
Brazil prosecutors question Meta over changes to fact-checking program Read More »
By Nate Raymond (Reuters) – Two groups representing the credit reporting and credit union industries have filed a lawsuit challenging a new rule adopted by U.S. President Joe Biden’s outgoing administration banning the inclusion of medical debt in American consumers’ credit reports. The Consumer Data Industry Association and Cornerstone Credit Union League filed the lawsuit …
Industry groups sue over Biden ban on medical debt from credit reports Read More »
By Sheila Dang and Mrinalika Roy HOUSTON (Reuters) -Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil, the day after the top U.S. oil producer warned that reduced prices and margins could hurt quarterly results. Shares of Exxon declined 1.4% to $107.17 in midday trading. The earnings snapshot from the industry bellwether signaled …
Wall Street cuts Exxon earnings views after fourth-quarter snapshot Read More »
By Karen Brettell NEW YORK (Reuters) – Longer-term U.S. Treasury yields have surged to multi-month highs, outpacing a rise in shorter-dated yields, with some of the disparity reflecting anticipation that the incoming Trump administration will need to change the current focus on relying more on short-term debt, traders say. President Joe Biden’s Treasury Secretary Janet …
Treasury yield surge reflects expectations of more long-term debt Read More »
By Makiko Yamazaki TOKYO (Reuters) -A potential foreign acquisition of Japanese retail giant Seven & i would be “heavily related” to national security, Japan’s economy minister Ryosei Akazawa said on Wednesday. His public comment is the first by a senior Japanese official over security issues raised by a $47 billion buyout offer by Canada’s Alimentation …
Japan flags foreign takeover of 7-Eleven owner as a security issue Read More »
By Nora Eckert DETROIT (Reuters) -The United Auto Workers union is petitioning the National Labor Relations Board to hold an election at a Kentucky battery plant run by a Ford Motor joint venture, the union said in a release Wednesday. The BlueOval SK plant, owned by a partnership of South Korea’s SK On and Ford, …
Workers at Ford joint venture plant in Kentucky file to hold union election Read More »
