BRASILIA (Reuters) -Brazil’s new finance minister, Fernando Haddad, said on Monday he would propose a new fiscal anchor in the first half of this year as leftist President Luiz Inacio Lula da Silva’s team works to “restore” public accounts. “We are not here for adventures,” he said, seeking to calm market jitters over the return …
Brazil’s Haddad vows to ‘restore’ public accounts Read More »
By Brijesh Patel (Reuters) -Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of supply shortfalls caused by sanctions on Russia, a Reuters poll showed on Friday. A survey of 30 economists and analysts forecast Brent crude …
Economic weakness set to weigh on oil price in 2023 Read More »
(Reuters) – Facebook owner Meta Inc is preparing to announce whether it will allow former U.S. President Donald Trump back on to Facebook and Instagram, the Financial Times reported on Sunday. The social media giant had previously said it will decide by Jan 7 whether to allow the former president to return. However, that decision …
Meta set to make decision on Trump’s return to Facebook – FT Read More »
By Marianna Parraga HOUSTON (Reuters) – Oil refiner Citgo Petroleum could face supervisory board shakeups leading to a review of its plans following Friday’s vote by Venezuela’s opposition-led National Assembly to dissolve an interim government and appoint a commission to oversee the country’s foreign assets, including Citgo. Venezuela-owned Citgo, a unit of state oil company …
Analysis-Citgo may face new upheaval under Venezuela’s political changes Read More »
By Dietrich Knauth (Reuters) -FTX on Friday disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange’s assets. When the Commission seized the digital assets of FTX in November, they were worth just $296 million, FTX said in a statement. FTX urged the …
FTX says Bahamas regulators hold $296 million, not $3.5 billion of company’s assets Read More »
By Brian Ellsworth MIAMI (Reuters) – Norwegian Cruise Line must pay $110 million in damages for use of a port that Cuba’s government confiscated in 1960, a U.S. judge ruled on Friday, a milestone for Cuban-Americans seeking compensation for Cold-War era asset seizures. The decision by U.S. District Judge Beth Bloom in Miami follows her …
U.S. judge orders Norwegian Cruise Line to pay $110 million for use of Cuba port Read More »
By Dietrich Knauth (Reuters) – Binance’s $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a U.S. national security review, according to a Friday bankruptcy court filing. The crypto exchange’s U.S.-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes $20 million in …
U.S. review could delay or block Binance deal for Voyager Digital Read More »
SAO PAULO (Reuters) – Brazilian retailer GPA said on Friday it had taken the first steps towards spinning off its Colombian subsidiary Almacenes Exito SA and plans to distribute its shares to existing shareholders. Reuters reported last year that GPA was considering the spin-off, as its French parent company Casino planned to simplify its structure …
Casino’s GPA prepares to spin off Colombian supermarket operator Exito Read More »
By Valentine Hilaire PANAMA CITY (Reuters) – The Panamanian government has rejected Canada-based miner First Quantum’s legal proceedings to avoid halting operations at the Cobre Panama mine, the Commerce and Industry Ministry said in a statement on Friday. First Quantum was notified on Dec. 21 of a government order for it to create a plan …
Panama says it rejects First Quantum’s legal bid to avoid halting operations Read More »
(Reuters) – Alaska Airlines said on Friday its operations have returned to normal across its network, after a massive winter storm in the United States crippled movement through the holiday week. “We continue to help our guests with travel arrangements for flights that were canceled over the past week and a half, including booking them …
Alaska Airlines operations return to normal after weather disruptions Read More »
