KRUEN, Germany (Reuters) – The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday. Britain and the United States …
G7 to announce ban on import of new Russian gold on Tuesday – U.S. official Read More »
By Fabian Cambero SANTIAGO (Reuters) – Chilean state-owned copper miner Codelco, the world’s top producer of the red metal, sees a firm copper price ahead despite a recent sharp fall, chairman of the board Máximo Pacheco told Reuters in an interview in Santiago. The comments come as copper prices posted their biggest weekly fall in …
(Reuters) – Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines Inc to vote for a proposed merger with Frontier Group Holdings Inc. “On balance, support for the merger with Frontier on the revised terms is warranted,” the proxy advisory firm said in a report published late Friday and made …
ISS urges Spirit shareholders to vote for Frontier offer Read More »
SAO PAULO (Reuters) – The incoming chief executive of Brazil’s state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm’s fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run …
Incoming Petrobras CEO tells committee he has no gov’t guidance on pricing policy Read More »
By Ernest Scheyder (Reuters) -A U.S. appeals court has ruled that the federal government may give thousands of acres in Arizona to Rio Tinto Plc for a copper mine, upholding a lower court’s ruling and rejecting a request from Native Americans who said the land has religious and cultural import. The 2-1 ruling from the …
U.S. court upholds Arizona land swap deal for Rio Tinto copper mine Read More »
By Jessica DiNapoli NEW YORK (Reuters) – Mondelez International Inc plans to reopen a potato-chip plant on the outskirts of Kyiv next week which was closed following Russia’s invasion of Ukraine, a spokeswoman said. The Oreo cookie maker will continue making repairs on the factory, which sustained serious damage in March, as it resumes production, …
Mondelez to reopen war-damaged potato-chip plant outside Kyiv Read More »
By Nichola Groom and Valerie Volcovici PORTLAND, Texas (Reuters) – Cheniere, the largest U.S. exporter of liquefied natural gas, boasts that it’s helping to “improve local air quality in communities globally” because the cleaner burning fuel it ships displaces coal in power plants. But in the Corpus Christi, Texas region, where the fuel is prepared …
Texas repeatedly raises pollution limits for Cheniere LNG plant Read More »
BERLIN (Reuters) – German sugar producer Suedzucker plans “significant” price hikes to offset rising costs and prepares to shift to coal as Russian gas supplies to Western Europe slow in the wake of the Ukraine war, the Mannheimer Morgen newspaper reported on Saturday. “The costs of beet cultivation and energy are rising, and these are …
German sugar maker Suedzucker to raise prices, shift to coal power -report Read More »
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said another 75 basis point interest rate hike in July is her “starting point,” though if the economy slows more than she expects, a half-point hike could be reasonable. “Right now that looks like what we’ll need,” Daly told reporters after a speech …
Fed’s Daly: 75 bps rate hike likely needed in July Read More »
By Divya Rajagopal TORONTO (Reuters) – Rogers Communications Inc, Shaw Communications Inc and Canada’s competition bureau have agreed to start a mediation process to overcome the agency’s antitrust issues posed by Rogers’ C$20 billion ($15.5 billion) acquisition of Shaw, the competition tribunal said on Friday. The move follows weeks of back and forth between the …
Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 billion deal Read More »
