NEW YORK (Reuters) -U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday. That was the biggest decline in monthly U.S. oil output since January 2024, the data showed. The EIA also lowered …
US oil production fell to 11-month low in January, data shows Read More »
By Iain Withers and Ross Kerber LONDON/BOSTON (Reuters) -BlackRock Chief Executive and Chairman Larry Fink on Monday said “protectionism has returned with force,” a development he said stemmed from a wealth divide that could be countered by offering more investors access to private markets. Fink wrote in his annual chairman’s letter that too many people …
BlackRock’s Fink warns of protectionism amid private market push Read More »
By David French (Reuters) – Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset manager has emerged as the winner of the auction process, …
Exclusive-Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say Read More »
(Reuters) – Chemical firm Dow and X-energy Reactor Company have submitted a construction permit application to the Nuclear Regulatory Commission (NRC) for a proposed nuclear project in Seadrift, Texas, the companies said on Monday. WHY IS IT IMPORTANT The U.S. nuclear industry, which has faced expansion challenges in recent decades, is witnessing a surge in …
Dow and X-energy submit for construction permit for nuclear project in Texas Read More »
By Nell Mackenzie LONDON (Reuters) -Hedge funds last week ditched tech stocks at the fastest pace in six months and at the highest levels in five years, according to Goldman Sachs, as world markets tumbled on worries over U.S. President Donald Trump’s April 2 tariff deadline. Import tariffs and retaliation by U.S. trade partners, along …
Hedge funds flee techs stocks before tariffs take hold, says Goldman Sachs Read More »
By Siyi Liu, Lewis Jackson and Alex Lawler SINGAPORE/BEIJING (Reuters) -U.S. President Donald Trump’s threat to hit buyers of Russian oil with tariffs had a limited impact on oil markets on Monday, as traders tried to determine how far the White House could go after Chinese and Indian oil importers. Trump’s proposal to hit buyers …
Trump’s Russian oil tariff threat doesn’t faze traders who suspect it’s a bluff Read More »
By Marcelo Teixeira and Roberto Samora LUIS EDUARDO MAGALHAES/GUAXUPE, Brazil (Reuters) – Drought hit coffee farmers in Brazil hard last year, drying up trees and driving global prices to record highs. But Rodrigo Brondani is expecting a bumper harvest. Brondani’s giant plantation on the savanna of Brazil’s northeastern state of Bahia looks very different to the …
Brazil’s coffee farmers turn to costly irrigation to quench global demand for the brew Read More »
By Anjana Anil and Anushree Mukherjee (Reuters) – Gold prices soared to record levels above $3,100 per ounce in a rally marking one of the most significant upswings in the precious metal’s history, with psychological levels swept aside by a cocktail of factors – including worry about fallout from impending U.S. tariffs. Spot gold hit …
Gold sails above $3,100 to uncharted territory as US tariffs approach Read More »
(Reuters) -KFC parent Yum Brands said on Monday that CEO David Gibbs would retire next year after more than five years in the role. The board has established a succession planning committee to appoint the next CEO, Yum Brands said, adding Gibbs would continue to lead the company during the search process until his retirement …
By Dan Burns and Howard Schneider (Reuters) – As the world emerged from pandemic shutdowns in early 2021, a supply chain shock left a lasting imprint on the cost of owning a car in the U.S., spilling out first through prices of used and then new cars and on to replacement parts and finally to …
Trump auto tariffs threaten new supply-price shock Read More »
