By Arathy Somasekhar HOUSTON (Reuters) – U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over the country’s invasion of Ukraine, shipping data showed. The United States last year imported about 700,000 barrels per day (bpd) of different types of…
BRUSSELS (AP) — The European Union preserved a sense of rarely seen unity through four rounds of unprecedented sanctions against Russia over its invasion of Ukraine. But at a summit Thursday, the 27 leaders faced division on the biggest issue of all: energy. During the first month of war, EU nations imposed tough measures targeting…
By Elvira Pollina MILAN (Reuters) -KKR remains interested in taking over Telecom Italia (TIM) and also wants to discuss the phone group’s own plans to combine its fixed line assets with those of state-backed rival Open Fiber, two sources said on Thursday. KKR submitted a non-binding 10.8 billion euro ($11.9 billion) takeover proposal for TIM…
By Anthony Esposito ACAPULCO, Mexico (Reuters) – Citigroup’s retail unit in Mexico, known as Citibanamex, has said it hopes to define the terms of its sale by the beginning of April, amid signs of intensifying interest in the bank, expected to fetch at least $4 billion. Citi country head Manuel Romo told journalists on Wednesday…
PARIS (AP) — Dozens of nations, including the United States and much of Europe, say they are united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine, while ensuring those efforts don’t fuel climate change. At a two-day meeting of the International Energy Agency chaired by U.S. Energy…
By Katanga Johnson WASHINGTON (Reuters) – The U.S. public company accounting regulator said on Thursday that it continued to engage with Chinese regulators about getting access to their auditors’ records, but it remained unclear if the Chinese government would grant the access required by a new U.S. listing law. The Public Company Accounting Oversight Board (PCAOB) said recent media speculation about an imminent…
NVIDIA (NVDA) is viewed by many as the best semiconductor chip company in the World. On March 22, it outlined a formidable Software product suite that will provide revenue diversification, higher margins, and an expanded reach into multiple industries. NVDA is a stock that needs to be in your portfolio. The New Product Line The…
Uber, hit by driver shortages and a surge in food delivery requests during the pandemic, will list New York City taxi cabs on its app, a partnership that until recently would have been unthinkable with both camps fighting ferociously for the same customers. After a period in which waits for an Uber ride grew longer…
By Ann Saphir (Reuters) -The Federal Reserve needs to raise interest rates “in a timely fashion” this year and in 2023 to curb high inflation before it is embedded in U.S. psychology and becomes even harder to get rid of, Chicago Fed President Charles Evans said on Thursday. But Evans also said the U.S. central…
(Reuters) -Weibo Corp said on Thursday it will consider evaluating options after the Chinese social media platform was added to U.S. securities regulator’s list of companies facing the risk of being delisted. Washington has long demanded complete access to the books of U.S.-listed companies, but Beijing, citing national security concerns, bars foreign inspection of working…
