By Adriana Barrera MEXICO CITY (Reuters) – Mexican state oil company Pemex’s newest refinery will reach half of its crude processing capacity in July, the national president said on Friday, marking the latest shift in timing for the project’s operations. The Olmeca oil refinery, being built next to the Dos Bocas port, is set to …
Mexico’s newest oil refinery now seen working at half capacity in mid-2023 Read More »
By Kanishka Singh WASHINGTON (Reuters) -The U.S. awarded defense contracts to companies on Friday, including one of over a billion dollars to Lockheed Martin Corp, the Department of Defense said in a statement. “This contract procures long lead time materials, parts, components, and efforts necessary to maintain on-time production and delivery of 118 Lot 18 …
U.S. awards defense contract of over $1 billion to Lockheed Martin Read More »
By Sinéad Carew and Ankika Biswas (Reuters) – The S&P 500 closed higher on Friday, in a light trading day ahead of a long weekend, as investors assessed inflation data against rate hike and recession fears while energy shares jumped on higher oil prices. A Commerce Department report showed U.S. consumer spending barely rose in …
Wall Street ends up as investors eye data for rate prospects, energy outperforms Read More »
By Luc Cohen and Tom Hals NEW YORK (Reuters) -Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, the hedge fund’s former chief told a judge when she pleaded guilty to her role in the exchange’s collapse. Caroline Ellison, former chief executive of Alameda Research, …
Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says Read More »
By Dawn Chmielewski, Greg Roumeliotis and Anirban Sen LOS ANGELES/NEW YORK (Reuters) -Michael Bloomberg has expressed the desire to own a big-name newspaper over the years but has not reached out to Rupert Murdoch to discuss a possible purchase of Dow Jones and its flagship paper the Wall Street Journal, sources told Reuters. News website …
Bloomberg owner eyes Wall Street Journal or Washington Post acquisition -report Read More »
By Nate Raymond (Reuters) -Facebook owner Meta Platforms Inc has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running lawsuit …
Facebook parent Meta to settle Cambridge Analytica scandal case for $725 million Read More »
(Reuters) -A severe winter storm gripping most of the United States threatens to delay millions of last-minute Christmas gift deliveries due to shutdowns at major shipping hubs. FedEx, United Parcel Service, the U.S. Postal Service and Amazon.com alerted customers that severe weather was disrupting key operations in Tennessee, Indiana, Kentucky, Illinois, the Dakotas and other …
FedEx, other shippers warn extreme weather will delay some U.S. holiday gift deliveries Read More »
By David Randall NEW YORK (Reuters) – Bruised investors are hoping a so-called Santa Claus rally can soften the pain of a tough year in U.S. stocks and potentially brighten the outlook for 2023. Without a doubt, the market could use some holiday cheer. In December – typically a strong month for equities – the …
Investors look for ‘Santa Rally’ after grim year in U.S. stocks Read More »
By Steve Scherer OTTAWA (Reuters) -Canada’s trade minister has been in contact with her counterpart in Panama in an effort to resolve a dispute over future payments First Quantum Minerals Ltd. must make to operate its flagship copper mine in the country, a government source said on Friday. After efforts to reach a deal failed, …
Canada ‘keen’ on resolution for First Quantum in Panama Read More »
(Reuters) -Tesla Inc shares hit a fresh two-year low in volatile trading on Friday as top boss Elon Musk’s promise to not sell his shares in the electric-car company for at least two years did little to reassure investors. Musk has offloaded shares worth $40 billion in the world’s most valuable carmaker since late last …
Elon Musk’s vow to not sell more Tesla stock fails to calm investors Read More »
