By Giuseppe Fonte ROME (Reuters) – Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the state-owned bank’s nomination committee proposed the former head of Poland’s Bank Pekao for the job, sources said. Veteran Italian banker Luigi Lovaglio, 66, was picked by the committee on Friday…
By Deisy Buitrago CARACAS (Reuters) – A Venezuelan appeals court has upheld long prison terms on corruption charges for six former executives of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil company PDVSA, the country’s top court said. The Supreme Court of Justice did not offer details late on Friday about the ruling on…
SHANGHAI (Reuters) – A U.S. extension of tariffs on solar products distorts international trade and hinders the development of clean, low-emission energy, China’s commerce ministry said on Saturday. President Joe Biden on Friday extended tariffs on imported solar energy equipment for four years, though he eased the terms to exclude bifacial panels that generate power…
By Nandita Bose WASHINGTON (Reuters) – U.S. President Joe Biden will sign an executive order on Friday requiring “project labor agreements” in federal construction projects over $35 million, a potential boost to workers and unions that negotiate these deals, and a shift the administration says will speed up building times. The order will apply to…
(Reuters) -Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets. The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to nearly 16%, and marking a 27% rise from the year’s low of…
By Mike Spector and Dan Levine NEW YORK (Reuters) – Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant assigned more than 30 staffers…
(Reuters) -Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s…
SAN FRANCISCO (Reuters) – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip shortage would lead to a…
(Reuters) -Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s…
FRANKFURT (Reuters) – Airbus may make its own engines for its hydrogen fuelled planes, Chief Executive Officer Guillaume Faury told a German newspaper in an interview published on Saturday. The planemaker has said it plans to develop the world’s first zero-emission hydrogen fuelled commercial aircraft by 2035. Faury told the Welt am Sonntag newspaper that…
