By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street was mixed on Monday, as investors digested recent quarterly results from megacaps Amazon and Facebook owner Meta Platforms, while Peloton jumped following reports of interest from potential buyers, including Amazon. Nine of the 11 major S&P 500 sector indexes were up at mid-day, led…
By Eric Onstad LONDON (Reuters) – An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) are not linked to toxic pollution. The system will set global standards and give confidence to consumers demanding sustainable products, two of the…
LONDON (AP) — Boris Johnson has brought in new senior staffers as he tries to restore his flagging authority — including a communications chief who insisted the British prime minister is “not a total clown.” The prime minister hired Guto Harri, an aide from his days as London mayor who has recently been critical of…
By Shariq Khan and Rod Nickel (Reuters) – Spanish oil major Repsol SA is considering putting some of its Canadian assets for sale later this year as it looks to reap the benefits of higher oil and gas prices, four sources told Reuters on Monday. Repsol is seeking buyers for its holdings in the Duvernay…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. officials called on Monday for “concrete action” from China to make good on its commitment to purchase $200 billion in additional U.S. goods and services in 2020 and 2021 under the “Phase 1” trade deal signed by former President Donald Trump. The officials said Washington…
WASHINGTON (Reuters) – The United States and Japan on Monday are set to announce a deal to grant Japanese steelmakers relief from Trump-era U.S. tariffs for a limited amount of steel imports, a source familiar with the plans said. The source, who spoke on condition of anonymity because the deal is not yet public, said…
WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said Monday it was issuing draft guidance seeking to protect aviation employees who perform government certification duties from interference by airplane manufacturers and others. Congress in December 2020 approved legislation boosting FAA oversight of aircraft manufacturers, requiring disclosure of critical safety information and providing new whistleblower protections…
By Bansari Mayur Kamdar (Reuters) – The S&P 500 and the Nasdaq rose on Monday after a week of choppy trading spurred on by mixed quarterly results from big technology companies, while Peloton jumped on media reports of interest from potential buyers including Amazon. Five of the 11 major S&P sectors advanced, with consumer discretionary…
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON (Reuters) – The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said. Chevron representatives in recent months held at least one high-level meeting with U.S….
(Reuters) -Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to merge in a $2.9 billion deal that would create the fifth-largest U.S. airline and tighten competition against traditional carriers. The tie-up combines stablemates of legendary airline investor Bill Franke, a pioneer of rock-bottom fares coupled with top-up charges offered by…
