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By Jan Lopatka and Marek Strzelecki PRAGUE/WARSAW (Reuters) -A European bank has agreed to process a payment for the transit of Russian oil through Ukraine, Slovak refiner Slovnaft and another source familiar with the matter said, removing the cause of a stoppage of oil supplies to central Europe last week. The payment, if confirmed by …

Exclusive-Bank agrees to process Russian oil transit payment to central Europe -sources Read More »

MOSCOW (Reuters) – Russia’s National Settlement Depository has filed a lawsuit at the European Court of Justice in Luxembourg to overturn European Union sanctions imposed on it, the NSD said on Friday. The EU added the NSD, which Moscow planned to use to service the country’s Eurobonds, to its list of sanctioned entities in June. …

Russian state depository files lawsuit to overturn EU sanctions Read More »

By Joyce Lee, Soo-hyang Choi and Heekyong Yang SEOUL (Reuters) -South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with the justice ministry saying the business leader was needed to help overcome a “national economic crisis”. The pardon is largely symbolic, with Lee already out on parole after serving …

S.Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’ Read More »

(Reuters) – Measurements of methane emissions from shallow water oil and gas platforms in the U.S. Gulf of Mexico found they were substantially higher than those from drilling on land, according to research published on Thursday. The study, by researchers at non-profit Carbon Mapper, the University of Arizona, NASA’s Jet Propulsion Laboratory, the University of …

Methane emissions from U.S. shallow offshore platforms exceed those on land, study finds Read More »

By Akash Sriram and Paul Lienert (Reuters) -Electric-vehicle maker Rivian Automotive Inc on Thursday forecast a wider operating loss for the year, but shares rose 1% in after-hours trade as the company beat quarterly revenue estimates. Rivian said it now expects to post an adjusted loss before interest, taxes, depreciation and amortization of $5.45 billion, …

EV maker Rivian beats revenue estimate, expects wider operating loss Read More »

By Noel Randewich (Reuters) -The U.S. stock market’s rebound in recent weeks has analysts and investors questioning whether 2022’s deep downturn has ended, but how to spot an expiring bear market or a new bull market is not something everyone on Wall Street agrees on. Equities have rebounded thanks to better-than-expected corporate earnings and bets …

U.S. stock market: Is it a bull, a bear, or a bull in a bear? Read More »

(Reuters) – A U.S. appeals court upheld a 2020 ruling that tossed out a racketeering lawsuit General Motors Co filed against rival Fiat Chrysler Automobiles (FCA), now part of Stellantis NV, and former executives. GM filed the racketeering lawsuit in November 2019, alleging FCA bribed United Auto Workers (UAW) union officials over many years to …

U.S. appeals court rejects GM racketeering suit against Fiat Chrysler Read More »

By Herbert Lash and Bansari Mayur Kamdar NEW YORK (Reuters) -The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation. The S&P 500 closed a tad lower after earlier …

Nasdaq, S&P 500 retreat as rate hike fears cool stock rally Read More »

By Steven Scheer JERUSALEM (Reuters) -Permission for El Al Israel Airlines to fly over Oman is expected in “a matter of days”, chief executive Dina Ben-Tal said on Thursday, a move that would be a big boost for the flag carrier’s Asian routes. Ben-Tal, speaking to reporters after El Al issued second-quarter results, said the …

El Al CEO sees approval for Saudi-Oman corridor within days Read More »