FRANKFURT (Reuters) – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. Europe’s largest economy is heavily dependent upon Russia for energy, and nations banks echoed concerns over possible energy disruption expressed by big names in …
Germany faces steep recession if Russian oil and gas halted – banks Read More »
By Marco Aquino LIMA (Reuters) -Peru, the world’s no. 2 copper producer, will target “excess profits” that mining firms have gained from soaring global metals prices for extra taxation, the country’s economy minister told Reuters. While President Pedro Castillo came to power last July pledging to increase taxes on the powerful mining sector, the current …
Peru targets copper price windfall in dialed-back tax reform, minister says Read More »
(Reuters) – ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions. ExxonMobil said last month it would exit its Russian oil and gas operations, which it had valued at …
ExxonMobil suspends Russian Far East LNG project – Interfax Read More »
(Reuters) – The union that Amazon.com Inc workers recently voted to represent them has demanded the company start bargaining in early May and cease any changes to employment terms at their warehouse in the interim, according to a letter the group issued Saturday on Twitter. The Amazon Labor Union also demanded the retailer respect workers’ …
Amazon’s new union demands company start bargaining in May Read More »
SANTIAGO (Reuters) -Peru’s ministry of economy and finance announced on Sunday that it would suspend taxes on the country’s most consumed fuels to fight surging prices caused by the Russia-Ukraine conflict. The measure suspends taxes on 84 and 90 octane gasoline, gasohol and certain types of diesel until June 30, with a potential extension until …
Peru suspends some fuel taxes to fight price surge Read More »
MEXICO CITY (Reuters) -Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans drive south to fill their tanks. The suspension of the subsidy from April 2-8 covers cities in the border states of Tamaulipas, …
Mexico suspends gasoline subsidy as U.S. drivers cross border for deals Read More »
By Howard Schneider PRINCETON, N.J. (Reuters) -The Federal Reserve needs to move monetary policy towards a more neutral stance, but the pace at which it tightens credit will depend on how the economy reacts, New York Fed President John Williams said Saturday. Williams, in response to questions at a symposium about whether the Fed needed …
Fed’s Williams: Pace of rate increases depends on how economy responds Read More »
RIO DE JANEIRO (Reuters) – The prosecutor’s office at Brazil’s federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro’s appointment of Adriano Pires as chief executive of state-run oil company Petroleo Brasileiro, for a possible conflict of interest. According to a document seen by Reuters and dated March …
Brazil’s Petrobras CEO appointee may face conflict of interest probe Read More »
WASHINGTON (Reuters) – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases accordingly, New York Fed President John Williams said on Saturday. Williams, citing events in 2019 when the economy slowed as the Fed approached a …
Williams: Must watch how economy responds as it presses toward neutral rate Read More »
(Reuters) -Elena Bunina is stepping down as chief executive of Yandex LLC, Russia’s biggest technology company, some two weeks before her tenure is due to expire on April 15, the company said on Saturday. “Elena Bunina is leaving (her) positions of CEO and HR director at Yandex LLC, it was her personal decision,” Yandex’s press …
