Category: Reuters
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Exxon-Hess arbitration panel incomplete, stalling Hess sale to Chevron – Reuters
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Joe Raedle/Getty Images News An arbitration panel could approve or block the $53 billion sale of Hess (New York Stock Exchange: HSSE) to Chevron (CVX) It remains incomplete Three months after the case was filed, delaying a decision on whether Exxon Mobil (XOM) would invest.Reuters reported on Thursday that the…
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PBOC is expected to set the USD/CNY reference rate at 7.2698 – Reuters estimate
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The People’s Bank of China is scheduled to release the USD/CNY reference exchange rate at approximately 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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California rejects AT&T bid to stop offering landline service in some areas By Reuters
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Written by David Shepardson (Reuters) – California has rejected AT&T’s (NYSE:) attempt to stop offering landline telephone and other services as a “carrier of last resort,” a government agency said on Thursday. Marin County said AT&T’s order filed in March 2023 would have ended services to more than 580,000 eligible…
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Exclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources say By Reuters
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Written by Mike Stone, Alison Lambert, and Tim Heffer (Reuters) – Boeing Co (NYSE:) is close to reaching an agreement to buy back Spirit AeroSystems (NYSE:) after its former subsidiary made a breakthrough in separate talks with Airbus over the breakup of the troubled transatlantic supplier, people familiar with the…
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U.S. finds no currency manipulation in 2023, Japan added to monitoring list By Reuters
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WASHINGTON (Reuters) – The U.S. Treasury Department said on Thursday that no major trading partner appeared to have been manipulating its currency in the past year, but added Japan to a foreign exchange “watch list,” along with China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list.…
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Wall St follows world stocks higher powered by AI, rate cut hopes By Reuters
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Written by Amanda Cooper and Mark Jones LONDON (Reuters) – Wall Street bulls continued a string of record highs for global stocks on Thursday after Europe cheered when Switzerland cut interest rates again and the Bank of England hinted it may start cutting interest rates soon as well. US traders…
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Joby Aviation says FAA gives nod for in-house software for air-taxi operations By Reuters
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By Abhijith Ganapavaram (Reuters) – Gobi Aviation (NYSE:) said on Thursday that the U.S. aviation regulator has allowed the use of the air taxi maker’s in-house software to perform tasks such as managing pilot workload and matching passengers to aircraft similar to ride-hailing applications. The approval of the operating system,…
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South African rand edges lower, focus on president’s cabinet picks By Reuters
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JOHANNESBURG (Reuters) – Shares fell in early trade on Thursday, with investors turning cautious ahead of newly re-elected President Cyril Ramaphosa’s cabinet appointments under a unity government. At 0726 GMT, the rand was trading at 17.9850 against the dollar, down 0.15 percent from its previous close. The local currency rose…
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Canada’s WestJet Airlines says union rescinds strike notice By Reuters
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(Reuters) – Canadian airline WestJet Airlines said on Thursday it was working to resume normal operations after the union representing its maintenance engineers lifted a strike notice, with both sides agreeing to return to the negotiating table. WestJet, which is backed by Onex Corp and competes with Air Canada, is…
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Bitcoin ETF launches on Australia’s main stock exchange for the first time By Reuters
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Written by Lewis Jackson SYDNEY (Reuters) – A bitcoin exchange-traded fund (ETF) launched on Australia’s main stock market for the first time on Thursday, as fund managers launched products to please investors returning to cryptocurrency markets after a price boom. The VanEck ETF with assets of about A$990,000 (US$660,429) has…
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to give all available military help if other is invaded By Reuters
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SEOUL (Reuters) – North Korea and Russia have agreed to provide all available military aid if the other side faces armed aggression, under an agreement signed by the leaders of the two countries, North Korea’s Korean Central News Agency reported on Thursday. The Korean Central News Agency, citing the agreement,…
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Sterling steady ahead of BoE decision; dollar wobbles against yen By Reuters
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By Ray Wee SINGAPORE (Reuters) – The pound was broadly flat on Thursday ahead of the Bank of England’s interest rate decision later in the day, while the dollar fell as new market catalysts awaited. Currencies were trading in tight ranges after a holiday in the United States, with investors…
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New Petrobras CEO says president wants firm to boost national economy By Reuters
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RIO DE JANEIRO (Reuters) – Madja Chambrillard, CEO of Brazilian oil giant Petrobras, said the country’s president has asked her to work to boost the country’s economy while maintaining the oil company’s profitability. Chamberillard, who took over as the state-run company’s top CEO after President Luiz Inacio Lula da Silva…
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Oil dips after hitting seven-week highs on demand hopes, war jitters By Reuters
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Written by Deep Kaushik Vakil and Nia Williams (Reuters) – Oil prices fell on Wednesday after hitting a seven-week high, as summer demand optimism and concerns about escalating conflicts outweighed an industry report that said inventories had risen unexpectedly. By 1803 GMT, futures fell six cents, or 0.1%, to $85.33…
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Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0 By Reuters
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(Reuters) – The U.S. Securities and Exchange Commission has closed its investigation into the Blockchain 2.0 protocol, cryptocurrency company ConsenSys said in a post on social media platform X late on Tuesday. The company filed a lawsuit seeking an injunction against the US Securities and Exchange Commission in April over…
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Air France-KLM CEO blasts main Paris airport over jet parking shortage By Reuters
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By Tim Heffer PARIS (Reuters) – The chief executive of Air France-KLM urged Aéroports de Paris to improve the French capital’s Charles de Gaulle airport, saying a shortage of jetways had led to a daily struggle for aircraft parking spaces and rising operating costs. Speaking to reporters on the occasion…
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Stocks bask in Nvidia glow, dollar steady By Reuters
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Written by Amanda Cooper LONDON (Reuters) – Global stocks hit record highs on Wednesday, driven by a rally in technology stocks that made artificial intelligence chipmaker Nvidia (NASDAQ:) the most valuable company in the world, while the dollar stumbled as weak U.S. retail sales data showed that they may decline.…
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EV startup Fisker’s U.S. units file for bankruptcy By Reuters
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(Reuters) – Electric vehicle startup Fisker, which filed for Chapter 11 protection earlier this week, said its U.S. units also filed for bankruptcy in a Delaware court on Wednesday. Fisker Inc (OTC:) and its other US subsidiaries said they have entered Chapter 11, adding that discussions about selling assets are…
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GE Aerospace developing hybrid engines for single-aisle jets By Reuters
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Written by Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – General Electric Aerospace is developing a hybrid electric motor that it hopes will power the next generation of narrow-body aircraft by the middle of the next decade. While this technology is still being tested, if GE succeeds, it could produce aircraft…
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Dollar struggles for direction, sterling rises after data By Reuters
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Written by Ray Wee and Stefano Ribaudo (Reuters) – The dollar stabilized on Wednesday, as weak US economic data affected strengthening US bets on lowering interest rates, but political tensions in Europe provided some support by weakening the euro. Meanwhile, the pound rose after data showed that services inflation in…