SANTIAGO (Reuters) – Chilean miner Codelco has requested an environmental permit to extend the life of its Gabriela Mistral copper mine by more than 25 years with an $800 million investment, the state-run company said on Monday. The world’s biggest copper miner aims to extend the mine’s lifespan beyond 2028 to 2055 and end its …
Chile’s Codelco seeks permit for $800 million mine extension Read More »
By Mrinmay Dey (Reuters) – Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for the second time in two years as it plans to wind down its retail and wholesale operations. The retailer, which has been in business for over 40 …
Retailer Party City files for bankruptcy, will wind down 700 stores Read More »
RIO DE JANEIRO (Reuters) – Brazil’s Transpetro, a unit of state-run oil firm Petrobras, said on Monday that local shipbuilding firms Ecovix and Mac Laren had won a tender to build four new coastal vessels for $69.5 million per vessel. WHY IT’S IMPORTANT The bid is the first step of Petrobras’ plan to renew its …
Brazil’s Petrobras to sign deal for four new support vessels built locally Read More »
(Reuters) – Lithium Americas said on Monday it has closed its joint venture with U.S. automaker General Motors to develop the Thacker Pass lithium mine in Nevada. The miner’s CEO, Jonathan Evans said that the company is expected to make a final investment decision on the project in early 2025. Under the JV agreement, first …
Lithium Americas and GM close joint venture for Thacker Pass mine Read More »
By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank. Barr, who was tapped to …
Fed’s Barr seeks legal advice amid speculation Trump might remove him, sources say Read More »
By Jody Godoy (Reuters) -Alphabet’s Google proposed on Friday a loosening of its agreements with Apple and others to set Google as the default search engine on new devices, in a bid to address a U.S. ruling that it unlawfully dominates online search. The proposal is much narrower than the government’s push to make Google …
Google offers to loosen search deals in US antitrust case remedy Read More »
By Naomi Rovnick, Dhara Ranasinghe and Rodrigo Campos LONDON (Reuters) – Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus. World stocks are set for a second …
Markets in 2024: Wall Street’s high-octane rally keeps investors captive to the US Read More »
(Reuters) – Unifor said on Sunday that its members at Canadian National Railway have ratified a new four-year collective agreement, averting a potential strike action. Unifor, which represents more than 3,000 members at the railroad’s Council 4000 and Local 100 committees, said the agreement includes improvements to wages and benefits as well as job protections …
Unifor members ratify new agreement with Canadian National Railway Read More »
BERLIN (Reuters) – A reduction in managers’ bonuses at Volkswagen will lead to a 10% pay cut for the next two years, the Sueddeutsche Zeitung newspaper reported on Sunday, after the German carmaker struck a deal with unions to axe jobs and scale back production. The reduction will apply to May bonus payments, leading to …
VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reports Read More »
By Lewis Krauskopf NEW YORK (Reuters) -With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S. stocks, investors hope the tail end of 2024 offers some holiday cheer, but warn of potential headwinds. The benchmark S&P 500 is up more than 24% for 2024, even after a major stumble this week, …
Investors hope for ‘Santa Claus’ rally as stocks lose steam Read More »
