By Akanksha Khushi (Reuters) – Abbott Laboratories has reopened its Sturgis, Michigan baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters on Saturday. Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare. The company which has been at the center of a …
Abbott says it has reopened Michigan baby formula plant Read More »
By Abinaya V and Nia Williams (Reuters) -Suncor Energy Inc said on Friday its chief executive, Mark Little, has stepped down after a string of fatalities at Canada’s third-largest oil producer. Little was also stepping down as president and resigning from the board effective immediately, the Calgary, Alberta-based company said in a statement https://sustainability-prd-cdn.suncor.com/-/media/project/suncor/files/news-releases/2022/2022-07-08-suncor-energy-announces-ceo-transition-en.pdf?modified=20220708225627&_ga=2.68797265.116328003.1657326315-1599808855.1657326315. Kris …
CEO of Canada’s Suncor Energy steps down after latest site fatality Read More »
By David French (Reuters) – Wall Street ended little changed on Friday after a volatile session in which investors tried to comprehend how a robust jobs report would influence the U.S. Federal Reserve and its plans to aggressively hike interest rates. Despite the bumpy nature of the day though, the Nasdaq posted its fifth straight …
Wall Street gyrates to muted close as investors weigh jobs data in rate debate Read More »
(Reuters) – Global ratings agency Fitch on Friday raised United States’ outlook to “stable” from “negative” on improved near-term government debt dynamics, driven by a stronger-than-expected post-pandemic economic recovery. The agency said it expects government revenue to grow this year, helped by strong personal and corporate income taxes. (https://bit.ly/3bOVbYU) Fitch maintained its sovereign rating at …
Fitch raises United States’ outlook to ‘stable’ from ‘negative’ Read More »
By Carolina Mandl NEW YORK (Reuters) -Hedge funds posted a negative performance in June, bringing losses this year to almost 6%, as volatility across markets accelerated, a report by hedge fund data provider HFR showed on Friday. The fund weighted composite index fell 3.08% last month. All main four different hedge fund categories tracked by …
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen heads to Asia next week to meet with officials from Japan, South Korea and other G20 economies as she seeks to build support for a price cap on Russian oil, the Treasury Department said on Friday. The trip, Yellen’s first visit to the Indo-Pacific …
Yellen heads to Asia to build support for price cap on Russian oil Read More »
STOCKHOLM/COPENHAGEN (Reuters) – Scandinavian airline SAS cancelled almost 70% of its flights on Friday as a pilots strike stranded thousands of tourists overseas. Some 181 flights, or 69% of those scheduled, were cancelled on Friday, data from flight tracker FlightAware showed. SAS has been forced to cancel hundreds of flights since Monday when talks between …
SAS cancels more flights as pilot strike grinds on Read More »
ROME (Reuters) -World food prices fell for a third consecutive month in June, but remained close to record high levels set in March, the United Nations’ food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index https://www.fao.org/worldfoodsituation/foodpricesindex/en, which tracks the most globally traded food commodities, averaged 154.2 points last month versus …
Food prices fall in June, cereal output seen slightly higher, U.N. agency says Read More »
A look at the day ahead in markets from Sujata Rao Having already priced out half a percentage point worth of U.S. rate hikes this cycle, markets will be looking to shave off more from the currently expected 3.4% peak Fed rate if monthly jobs data later on Friday plays ball. Nonfarm payrolls increased by …
Marketmind: No quiet end to the week, it’s payrolls Friday Read More »
BERLIN (Reuters) – Munich-based carmaker BMW sold nearly a seventh fewer vehicles in the first half of 2022 compared with the same period in 2021 amid chip shortages and intermittent lockdowns in China. From January to June, 1.16 million BMWs, Mini and Rolls-Royces were delivered, the group said on Friday. That was 13.3% fewer than …
