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 »
WASHINGTON (Reuters) -A hoarse-sounding U.S. President Joe Biden said on Friday he has a cold, possibly contracted from a grandson. After a speech about the U.S. economy in which he sounded congested and coughed several times, reporters asked Biden if he was okay. “I’m OK,” Biden said. “What I have is a one-and-a-half year old …
By Jonathan Stempel NEW YORK (Reuters) -A lawyer for Donald Trump on Friday urged a U.S. appeals court to find the former president immune from author E. Jean Carroll’s defamation lawsuit arising from her allegation that he raped her, an argument Carroll’s lawyer said would put him “above the law.” Alina Habba, Trump’s lawyer, told …
Trump, rape accuser Carroll battle in defamation appeal Read More »
LONDON (Reuters) -British supermarket group Sainsbury’s has postponed all Christmas parties until the new year, fearing the emergence of the coronavirus Omicron variant could lead to higher staff absence levels during the key festive trading period. There have been 42 confirmed cases of the variant in Britain, which appears to be more transmissible, while tests …
UK’s Sainsbury’s postpones Christmas parties due to Omicron emergence Read More »
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s ARK Innovation ETF tumbled more than 7% and hit its lowest level since November 2020 on Friday as bets on a more aggressive Federal Reserve pushed investors to sell the high-growth, high-valuation stocks that rallied during the early stages of the pandemic. The …
Cathie Wood’s ARK Innovation fund hits 13-month low in tech selloff Read More »
By Jason Lange WASHINGTON (Reuters) – A bipartisan think tank warned on Friday the U.S. government could start missing payments on its bills as soon as Dec. 21 if Congress fails to raise the debt limit, as top Democrats and Republicans sought a path around such a financial calamity. The Bipartisan Policy Center’s projection, based …
U.S. government could miss payments as soon as Dec. 21 – think tank Read More »
