Reuters US Business

By Liz Hampton (Reuters) – U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning over Wall Street. Soaring fuel prices have boosted inflation to a 40-year record and are expected to drive up U.S. …

Drilling vs returns. U.S. oil producers’ tradeoff as windfall tax threatens Read More »

By Ju-min Park INCHEON, South Korea (Reuters) – Kang Myung-gil parked his truck last week and stopped hauling products from a unit of Samsung Electronics and other major South Korean companies to the port of Incheon, joining a strike that has hit industrial hubs and ports. At stake is his family’s livelihood, Kang said, as …

South Korean truckers say strike is a fight for livelihood Read More »

BERLIN (Reuters) – Logistics giant DHL will charge private customers more for parcel deliveries from July 1 as labour and transport costs have made price increases unavoidable, said the company on Monday. DHL, part of the Deutsche Post DHL Group, will increase the price to ship a parcel abroad by between 1 euro and 3.50 …

DHL raises prices for parcel deliveries, calling it unavoidable Read More »

(Reuters) -The UK’s Financial Conduct Authority has put Credit Suisse on a watchlist of institutions in need of stricter supervision, the Financial Times reported late on Sunday, citing a letter sent in May. The regulator told the Swiss bank last month the step had been taken because of concern the bank had not made enough …

UK’s FCA puts Credit Suisse on watchlist in need of stricter supervision -FT Read More »

By Steve Scherer OTTAWA (Reuters) -Canada will announce a multi-million dollar investment on Monday to make the Jansen potash mine run by the globe’s largest listed miner, BHP Group, “the cleanest and most sustainable in the world,” a government source said on Sunday. Industry Minister François-Philippe Champagne and Agriculture Minister Marie-Claude Bibeau are scheduled to …

Canada to invest millions to cut emissions at BHP potash mine -source Read More »

(Reuters) – Rogers Communications Inc’s Loretta Rogers who served as a corporate director for over fifty years and the wife of company’s late founder Ted Rogers, died on Saturday at the age of 83. Chairman Edward Rogers, the only son of Ted said, the family was profoundly saddened by their mother’s passing. “She lived a …

Rogers Communications’ executive Loretta Rogers dies at the age of 83 Read More »