By Abhijith Ganapavaram (Reuters) – Raytheon Technologies Corp said on Wednesday delivery of some of its Pratt & Whitney large commercial engines may slip into the first quarter as the aerospace company struggles with parts and labor shortages. The company will mostly make up for lost engine deliveries by the end of 2022, but some …
Raytheon sees delays in engine deliveries, pushes back on Airbus target Read More »
By Alden Bentley (Reuters) – Even as investors crowded the exits on Tuesday, Wall Street’s steepest one-day shake out since early in the pandemic in June 2020 carried few of the hallmarks of capitulation that analysts want to see before calling a bottom. While the S&P 500’s 4.3% slump on Tuesday extended fractionally in early …
Shaken Wall Street awaits final capitulation to greenlight buying Read More »
By Ernest Scheyder (Reuters) – Compass Minerals International Inc said on Wednesday it will use a lithium extraction technology developed by EnergySource Minerals LLC to produce the electric vehicle battery metal for Ford Motor Co and others. Washington has been pressing for U.S. companies to find greener ways https://www.reuters.com/business/sustainable-business/new-lithium-technology-can-help-world-go-green-if-it-works-2022-04-07 to boost domestic production of battery …
Compass Minerals picks lithium extraction technology to supply Ford, others Read More »
(Corrects typographical error in the executive’s last name in 3rd paragraph) By Marcelo Teixeira NEW YORK (Reuters) -The global movement by governments and automakers to boost electrification of cars does not mean ethanol will be dead as a product, according to an executive of one of the world’s largest producers of the biofuel. Beyond the …
Car electrification unlikely to erase market for ethanol, says producer Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever It is almost as if nothing else matters right now. Short-dated U.S. Treasury yields and interest rate futures’ pricing of the Fed’s terminal rate dominate world markets, and a batch of key economic data from Japan, Australia and South Korea is …
By Foo Yun Chee LUXEMBOURG (Reuters) – Google suffered one of its biggest setbacks on Wednesday after Europe’s second-top court upheld an EU antitrust decision against the Alphabet company for using its Android mobile operating system to thwart rivals. The company however had its fine reduced to 4.125 billion euros ($4.13 billion) from 4.34 billion …
Google’s long battle with EU antitrust regulators Read More »
By Tom Westbrook SINGAPORE (Reuters) – A rally that has the dollar on course for its best year since 1984 has further to run, traders and analysts say, suggesting more pain almost everywhere else as other currencies either crumble or require rapid rate hikes to stay put. The rise – the dollar is up nearly …
Analysis-Why the dollar’s wrecking-ball rally is not done yet Read More »
(In paragraph 12, corrects that Lopez Obrador took office in 2018, not 2019) By Stefanie Eschenbacher, Adriana Barrera and Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall …
Pemex deepwater gas project draws rebuke from Mexico’s regulator Read More »
By P.J. Huffstutter and Tom Polansek CHICAGO (Reuters) – Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain cooperatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are …
U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources Read More »
WASHINGTON (Reuters) – China and other big creditors have a responsibility to prevent the debt problems facing emerging market and low-income countries from exploding, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday. Georgieva, speaking at an event hosted by the Center for Global Development, said 25% of emerging market and 60% of low-income …
IMF’s Georgieva says China, other big creditors must work to prevent debt ‘explosion’ Read More »
