By Marco Aquino LIMA (Reuters) -Miners in Peru who have been allowed to operate with temporary permits have paused protests that blocked a major copper transit route for more than two weeks, one of the protest leaders, Luis Huaman, told Reuters on Tuesday. He said they planned to suspend the protest at least through Friday, …
Miners lift blockades along Peru’s key copper route, protest leader says Read More »
By Laila Kearney NEW YORK (Reuters) -Google has agreed to secure as much as 3 gigawatts of U.S. hydropower in the world’s largest corporate clean power pact for hydroelectricity, the company said on Tuesday, as Big Tech pursues the expansion of energy-hungry data centers. The deal between Google and Brookfield Asset Management includes initial 20-year …
Google inks $3 billion US hydropower deal in largest clean energy agreement of its kind Read More »
By Sukriti Gupta, Sanchayaita Roy and Twesha Dikshit (Reuters) -European shares ended lower on Tuesday, dragged down by heavyweight financial and healthcare stocks as investors awaited news on a potential U.S-EU trade deal while assessing the latest U.S. inflation data. The pan-European STOXX 600 index closed down 0.4%. Most regional indexes declined, with Spain’s IBEX …
European shares fall on healthcare, financials drag; focus on US-EU trade deal Read More »
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase raised its net interest income forecast for 2025 after strong results in investment banking and trading helped it surpass profit expectations for the second quarter. “The U.S. economy remained resilient,” CEO Jamie Dimon said. “The finalization of tax reform and potential deregulation are positive for the …
JPMorgan profit beats estimates on Wall Street rebound; raises interest income forecast Read More »
By Kate Abnett BRUSSELS (Reuters) -The EU’s Ombudsman on Tuesday demanded the European Commission explain why it fast-tracked proposals to curb sustainability laws, in response to a complaint by campaigners accusing Brussels of weakening the rules without consulting the public. In February, the Commission proposed legal changes that would exempt thousands of smaller European businesses …
Watchdog demands EU explain speed of proposals to cut green rules Read More »
(Reuters) -Blackstone plans to invest $25 billion in developing data centers and power plants in Pennsylvania, President and Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh on Tuesday. Blackstone had identified several sites to build the energy-intensive centers, Gray said, adding that the private equity firm …
(Reuters) -Tesla’s top sales executive in North America, Troy Jones, has left the electric vehicle maker in the latest senior departure at the company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The vice president of sales, service and delivery in North America – Tesla’s biggest market – Jones has …
Tesla’s top North American sales executive leaves, WSJ reports Read More »
By Arasu Kannagi Basil, Saeed Azhar and Pritam Biswas (Reuters) -Wells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, dropping shares of the lender by more than 5%. The bank expects its interest income to be roughly in line with the 2024 level of $47.7 billion. In …
Wells Fargo profit beats estimates, cut to interest income forecast weighs on shares Read More »
By Clara Denina and Melanie Burton LONDON/MELBOURNE (Reuters) -Rio Tinto named Simon Trott, who heads the company’s most profitable iron ore unit, as its new chief executive on Tuesday, placing trust in the 20-year veteran to rein in operational costs and drive long term growth. Trott, 50, succeeds Jakob Stausholm, who unexpectedly announced in May …
Rio Tinto appoints iron ore boss Simon Trott as CEO Read More »
By Olivia Le Poidevin GENEVA (Reuters) -The volume of world merchandise trade grew more than forecast in the first quarter of 2025 from the previous three months, but growth is expected to slow, a new World Trade Organization report said on Tuesday. The volume of world merchandise trade rose by 3.6% in the first quarter …
Merchandise trade volume growth stronger than expected in Q1 2025, says WTO report Read More »
