By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and coffee are poised to close 2024 as the biggest gainers among commodities for a second year on a global supply deficit, while steel-making coal will end as the worst performer, hit by slow growth in China. Looking ahead, global trade tensions are likely to …
(Reuters) -Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae and Freddie Mac from conservatorship, potentially making them private companies again, the billionaire investor said on Monday. Shares of Fannie Mae climbed 18.4%, while those of Freddie Mac rose 18% following Ackman’s post on social media platform X. According to Ackman’s post, Fannie …
Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac Read More »
By P.J. Huffstutter CHICAGO (Reuters) -A shareholder of agribusiness Archer-Daniels-Midland is pressing the company’s CEO to resign for failing to clearly tell investors about problems with its internal accounting practices that have sparked a criminal investigation first reported by Reuters. In a LinkedIn post entitled “Investor-misery has a name: ADM,” Hartwig Fuchs said ADM was …
ADM shareholder presses CEO to resign as criminal probe continues Read More »
NEW YORK (Reuters) – Pennsylvania Governor Josh Shapiro filed a complaint with a federal energy regulator against PJM Interconnection on Monday, arguing that the largest U.S. power grid operator must change its market rules or risk soaring electricity costs. PJM Interconnection, which runs the electrical grid covering more than 65 million Americans across parts of …
Pennsylvania governor complains to regulator about PJM’s power market rules Read More »
By Suzanne McGee (Reuters) – The U.S. Federal Deposit Insurance Corporation has told asset manager BlackRock it has until Jan. 10 to accept an agreement that would allow the agency to step up scrutiny of its investments in FDIC-regulated banking institutions, according to a person familiar with the matter. On Friday, the FDIC said it …
Bank regulator gives BlackRock January deadline on bank stakes Read More »
HOUSTON (Reuters) – Lawsuits by three firms seeking to improve their chances of obtaining proceeds in an auction of shares in Citgo Petroleum’s parent can go ahead, a U.S. judge ruled in an order issued on Monday. The decision could reduce the proceeds of any sale, the court officer overseeing the auction in federal court …
Judge in Citgo share auction rejects bid to block Gramercy fund lawsuits Read More »
(Reuters) – Li Haslett Chen, a member of the Warner Bros. Discovery board and a member of the company’s Nominating and Corporate Governance Committee, will resign from her positions, effective Jan. 31, 2025, the company disclosed in a regulatory filing on Monday. Chen, who joined the board in April 2022, issued a statement saying she …
Li Haslett Chen to resign from Warner Bros Discovery Board Read More »
SAO PAULO (Reuters) -Brazilian miner Vale has reached an agreement with local authorities to pay up to some 11 billion reais ($1.78 billion) to renegotiate two railway concession contracts, the firm announced in a securities filing on Monday. Brazil’s government has been aiming to remove discounts given to rail companies by the previous administration when …
Brazil’s Vale reaches $1.8 billion railway concessions deal Read More »
By Jonathan Stempel NEW YORK (Reuters) – A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying it will have paid out $4.3 billion to 40,930 of the late Ponzi schemer’s victims. Richard Breeden, the former U.S. Securities and Exchange Commission chairman who oversees the …
Bernard Madoff’s victims collect $4.3 billion as US government fund completes payouts Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stock exchanges will close on Thursday, January 9 in observation of a national day of mourning in honor of former U.S. President Jimmy Carter, who died on Sunday at the age of 100. The New York Stock Exchange and the Nasdaq announced the closures on Monday, a …
Wall Street to close on Jan 9 to honor President Jimmy Carter Read More »
