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By Sarita Chaganti Singh, Kate Abnett and Valerie Volcovici NEW DELHI/BRUSSELS/WASHINGTON (Reuters) – France, backed by the United States, plans to seek a halt to private financing for coal-based power plants during the U.N. climate conference later this month, three sources familiar with the deliberations told Reuters in India and Europe. The plan, which was …

Exclusive-France, US to propose ban on private finance to coal-fired plants at COP28 – sources Read More »

A look at the day ahead in European and global markets from Ankur Banerjee Buoyed by a tech-fuelled rally on Wall Street, risk assets in Asia charged higher on rising expectations the Federal Reserve is done hiking rates and will likely cut early next year. The worry remains that upcoming data might show not just …

Marketmind: Risk rally rages on Read More »

(Reuters) -Rivian Automotive said on Monday its Chief Executive Officer RJ Scaringe is assuming direct responsibility for all product functions, as the electric-vehicle maker announced changes in product organization. Rivian said Chief Product Development Officer Nick Kalayjian would move to the role of executive vice president, vehicle engineering and propulsion. The company’s new product reporting …

Rivian CEO assumes direct responsibility of product functions Read More »

By Curtis Williams (Reuters) -Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said. Trinidad and Tobago’s Prime Minister Keith Rowley on Monday confirmed …

Exclusive-Venezuela close to approving offshore gas license with Trinidad, Shell Read More »

(Reuters) -Zoom Video Communications raised its annual revenue forecast on Monday, as hybrid work trends and the integration of artificial intelligence technology into its products boosted demand. Shares of the San Jose, California-based firm rose more than 6% in trading after the bell. The company has been seeing steady demand for its video-conferencing services with …

Zoom lifts annual revenue forecast on hybrid work boost Read More »

By Jonathan Stempel NEW YORK (Reuters) – Citigroup was sued on Monday by a managing director who said a former top equities banker subjected her to sexual harassment and abuse including death threats. Ardith Lindsey said the New York-based bank, her employer since 2007, downplayed her complaints about Mani Singh, who had been its North …

Citigroup managing director sues over sexual harassment Read More »

By Sinéad Carew and Amruta Khandekar (Reuters) -Wall Street’s three major U.S. stock averages closed higher on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired prominent artificial intelligence executives, while lower Treasury yields also provided support. The S&P 500 information technology sub-index was the top gainer among the S&P 500’s 11 …

Nasdaq leads Wall Street’s gains as Microsoft hits record high Read More »

By Sabrina Valle and Lisandra Paraguassu HOUSTON/BRASILIA (Reuters) -Officials in the Brazilian government have been discussing a possible replacement of the CEO of state-run oil company Petrobras, as they are unhappy with the firm’s direction, two sources with knowledge of the matter told Reuters. President Luiz Inacio Lula da Silva has shown dissatisfaction with certain …

Petrobras CEO replacement being discussed by Brazil officials, sources say Read More »

(Reuters) – General Motors said Monday it will not advertise in the 2024 Super Bowl, the first time since 2019 it will sit out the heavily watched game. The largest U.S. automaker said in explaining its decision it continually evaluates its “media strategies to ensure they align with our business priorities.” GM, which said in …

GM will not advertise in Super Bowl, first time since 2019 Read More »