Reuters US Business

(This Sept 18 story has been corrected to fix the date of the previous Russell 2000 closing high in paragraph 5) By Abigail Summerville and Sukriti Gupta (Reuters) – Wall Street’s main indexes posted record-high closes on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose …

Wall Street indexes notch record-high closes as Intel soars on Nvidia stake Read More »

By Marianna Parraga HOUSTON (Reuters) -A U.S. judge allowed an affiliate of hedge fund Elliott Investment Management on Thursday to move towards completing its offer for Venezuela-owned Citgo Petroleum’s parent through a court-ordered auction of shares, while restricting rival bidder Gold Reserve from doing the same. This followed a separate judge in another U.S. court …

US court moves to support Elliott affiliate’s bid for Citgo parent Read More »

(Reuters) – The Bank of Japan kept interest rates steady on Friday but decided to start selling its holdings of risky assets, taking another step forward in phasing out remnants of its massive stimulus programme. Two of the BOJ’s nine board members dissented to the central bank’s decision to keep short-term interest rates at 0.5% …

BOJ Governor Ueda’s comments at news conference Read More »

By Scott Murdoch SYDNEY (Reuters) – Santos CEO Kevin Gallagher said on Friday he has no plans to retire and expects a sharp jump in cash flow in the next few years to boost the Australian gas producer’s shares, after its third suitor in seven years did not proceed with a takeover bid. An $18.7 …

Australia’s Santos CEO bets on cash flow boost as third suitor walks away Read More »

By Norihiko Shirouzu (Reuters) – Panasonic aims to develop a new type of higher-capacity battery in about two years, potentially extending the driving range of electric vehicles in a groundbreaking advance for the Tesla supplier. The Japanese company is working on eliminating the anode in batteries during the manufacturing stage to increase energy density through …

Panasonic aims to develop groundbreaking EV battery in about two years Read More »

By Luc Cohen and Marianna Parraga NEW YORK/HOUSTON (Reuters) – A U.S. judge upheld the validity of Venezuelan state oil company PDVSA’s 2020 bonds on Thursday, prompting a judge in another court to move towards the completion of an auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum. The bonds are secured …

Judge declares Venezuelan bonds valid, creditors press for Citgo auction resolution Read More »

By Dawn Chmielewski (Reuters) – Walt Disney representatives and talk-show host Jimmy Kimmel raced to find the right words on Wednesday to calm a social media furor that erupted following criticism of his remarks about slain conservative activist Charlie Kirk, a person familiar with the matter told Reuters. Kimmel’s comments in his monologue on Monday …

Disney representatives, Kimmel searched for way to defuse Kirk anger before program pulled Read More »

By Nelson Bocanegra BARRANQUILLA, Colombia (Reuters) – Colombian state-run energy company Ecopetrol is set to exceed its 2025 goal of drilling 10 oil wells by between 20% and 40%, the company’s vice president for hydrocarbons, Rafael Guzman, said on Thursday. The company drilled six wells in the first half of the year, two of which …

Exclusive-Ecopetrol to beat 2025 drilling goal, may best output target, executive says Read More »