By Scott DiSavino NEW YORK (Reuters) – Crude prices ended little changed on Friday after erasing earlier big gains on growing worries that rising coronavirus cases and a new variant could reduce global oil demand. Earlier in the day, oil prices climbed more than $2 a barrel after producer group OPEC+ said it could review …
Oil steadies, paring gains as rising COVID cases spur demand worries Read More »
By Parisa Hafezi, Francois Murphy and John Irish VIENNA (Reuters) – Indirect U.S.-Iranian talks on saving the 2015 Iran nuclear deal broke off until next week as European officials voiced dismay on Friday at sweeping demands by Iran’s new, hardline government. The seventh round of talks in Vienna is the first with delegates sent by …
Iran nuclear talks break, Europe, U.S. dismayed by Iranian stance Read More »
By Parisa Hafezi, Francois Murphy and John Irish VIENNA (Reuters) – Indirect U.S.-Iranian talks on saving the 2015 Iran nuclear deal broke off until next week as European officials voiced dismay on Friday at sweeping demands by Iran’s new, hardline government. The seventh round of talks in Vienna is the first with delegates sent by …
Iran nuclear talks break, Europe, U.S. dismayed by Iranian stance Read More »
WASHINGTON (Reuters) -U.S. President Joe Biden on Friday signed legislation funding federal agencies through mid-February, the White House said, averting a government shutdown after some Republicans had threatened a standoff over COVID-19 vaccine mandates. The law funds the U.S. government through Feb. 18, giving the narrowly divided Congress another 11 weeks to either hammer out …
Biden signs gov’t funding bill into law, averts shutdown Read More »
By David Lawder (Reuters) – The U.S. Trade Representative’s office said on Friday it was committed to legislation strengthening the domestic electric vehicle industry despite objections from Mexico and Canada over a proposed tax credit for electric vehicles built by U.S. union workers. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs …
USTR backs efforts to strengthen U.S. EV industry despite objections Read More »
By Marcelo Rochabrun, Marco Aquino and Sameer Manekar LIMA (Reuters) -MMG Ltd’s Las Bambas copper mine in Peru will shut down copper production by mid-December because of a road blockade, it said on Friday, as executives urged the government to build a freight rail link to avoid future disruption. “The freight rail has huge social …
MMG’s Las Bambas mine in Peru faces shutdown as talks to end blockade fail Read More »
By Ann Saphir (Reuters) – Federal Reserve policymakers look likely to accelerate the winddown of their bond-buying program when they meet later this month as they respond to a tightening labor market and move to open the door to earlier rate hikes than they had projected. U.S. employers added 210,000 jobs last month, a U.S. …
Faster Fed taper, earlier rate hikes in sight as unemployment falls Read More »
By Chris Mfula and Karin Strohecker LUSAKA (Reuters) -The International Monetary Fund and Zambia on Friday reached a staff level agreement on a $1.4 billion, three-year extended credit facility, which could bring the heavily indebted country one step closer to a comprehensive debt overhaul. Zambia, one of the world’s largest copper producers, became Africa’s first …
IMF, Zambia reach staff level agreement for $1.4 billion support plan Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment growth slowed considerably in November amid job losses at retailers and in local government education, but the unemployment rate plunged to a 21-month low of 4.2%, suggesting the labor market was rapidly tightening. The four-tenths-of-a-percentage-point drop in the jobless rate from October reported by the Labor Department …
U.S. labor market tightening despite moderate November job gains Read More »
By Wendell Roelf CAPE TOWN (Reuters) – South Africa is being hit by a fourth wave of COVID-19 infections driven by the Omicron variant which has been detected in seven of the country’s nine provinces, Health Minister Joe Phaahla said on Friday. Omicron, which has raised global fears of a surge in infections, was first …
South Africa hit by fourth COVID wave driven by Omicron Read More »
