By Yousef Saba and Maha El Dahan MANAMA (Reuters) -Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday. Prince Abdulaziz bin Salman told an energy …
Saudi Arabia on track to hit oil output of over 13 million bpd by 2027 -minister Read More »
(Reuters) – The Russian rouble firmed past 64 per dollar on Monday and climbed towards a near five-year high against the euro, supported by continuing restrictions on currency trading. The rouble is the world’s best-performing currency this year, although this is due to artificial support from capital controls that Russia imposed to shield its financial …
Russian rouble hovers near five-year highs vs euro, stocks up Read More »
By Svea Herbst-Bayliss (Reuters) -Donerail Group is close to reaching a settlement with Turtle Beach Corp that will give the activist investment firm representatives on the U.S. gaming gear company’s board of directors, people familiar with the matter said on Sunday. Donerail, which has beneficial ownership of 7.4% of Turtle Beach’s outstanding shares, has criticized …
Exclusive-Gaming gear provider Turtle Beach nears board deal with Donerail -sources Read More »
(Reuters) – Egypt expects to reach a new programme with the International Monetary Fund “within months”, Prime Minister Mostafa Madbouly said on Sunday in a televised news conference. In March, Egypt said it was in talks with the IMF about potential funds in addition to technical support to hedge against the economic effects of the …
Egypt expects to reach a agreement with IMF ‘within months’ Read More »
WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise interest rates to tackle rising inflation. Speaking on “Face the Nation” on CBS, Blankfein said a recession is “a very, very high …
Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’ Read More »
LIMA (Reuters) – Peru’s economy grew 3.79% in March compared with a year earlier, the country’s statistics agency said on Sunday, with most sectors of the economy showing improvement, while the key mining industry shrank due to social conflicts hitting production. Peru is the world’s No. 2 copper producer, but protests from indigenous communities in …
Peru economy grows 3.79% in March, weighed down by mining protests Read More »
By David Shepardson (Reuters) – General Motors Co, Ford Motor Co and Chrysler parent Stellantis NV said on Sunday they are reinstating a requirement that employees wear masks in southeastern Michigan where there are high levels of COVID-19. The Detroit Three automakers said in early March they would allow auto workers to stop wearing masks …
Detroit Three automakers reinstate mask mandate at some Michigan facilities Read More »
By Steve Scherer and Julie Gordon OTTAWA (Reuters) – The front-runner to head Canada’s Conservatives and likely challenger to Liberal Prime Minister Justin Trudeau is staging a rare series of attacks on the central bank as inflation soars, in a strategy to win party leadership that could hurt his chances in a general election. Since …
Analysis-Trudeau foe attacks Bank of Canada in party leadership bid Read More »
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the …
Deutsche Bank not financing controversial African oil pipeline, source says Read More »
DUBAI (Reuters) – Saudi Tadawul Group, the kingdom’s stock exchange operator, posted a 21.7% decline in first quarter net profit on Sunday on a slowdown in trading services and listing fees. The bourse reported a net profit after tax and zakat of 140.6 million riyals ($37.48 million) in the three months to March 31, down …
Saudi bourse’s quarterly profit falls on lower trading services, listing fees Read More »
