By Katanga Johnson and John McCrank WASHINGTON/NEW YORK (Reuters) – Wall Street’s regulator is considering changes to stock market rules to increase competition for orders and improve deals for retail investors, according to its top official Gary Gensler and industry executives. The U.S. Securities and Exchange Commission (SEC) is scrutinizing the practice of payment-for-order-flow (PFOF),…
By Gram Slattery RIO DE JANEIRO (Reuters) – As Rio de Janeiro residents sheltered at home last year during the deadliest phase of Brazil’s COVID-19 outbreak, police detective Gabriel Ferrando said he got a tip that something suspicious was upending local internet service. Access had vanished across broad swaths of Morro da Formiga, or Ant…
DUBAI, United Arab Emirates (AP) — The United Arab Emirates’ energy minister doubled down Monday on an oil alliance with Russia that’s helped buoy crude prices to their highest in years as Moscow’s war on Ukraine rattles markets and sends energy and commodity prices soaring. The minister said Russia, with its 10 million barrels of…
MADRID (AP) — Spain’s government is readying a package of emergency economic measures worth 6 billion euros ($6.6 billion) in direct aid and tax breaks and 10 billion euros ($11 billion) in loans for families and businesses affected by the fallout from Russia’s invasion of Ukraine, Prime Minister Pedro Sánchez said Monday. The emergency plan…
By Sonali Paul MELBOURNE (Reuters) – Bill Gates-backed Heliogen has secured funding from top Australian oil and gas producer Woodside Petroleum for a full-scale trial of its concentrated-solar-power (CSP) technology ahead of a planned push into Australia. Aiming to invest $5 billion in new-energy products by 2030, Woodside has also agreed to buy a stake…
TOKYO (Reuters) – Japan’s prime minister will order the government on Tuesday to compile emergency measures by the end of April to deal with the impact of the rising prices of oil and other goods, fanned by the Ukraine crisis. Prime Minister Fumio Kishida, responding in parliament to a query from a lawmaker from coalition…
STOCKHOLM (Reuters) – Cevian Capital, one of Ericsson’s biggest investors, said on Monday it would vote against a motion this week that would clear some board members of responsibility over the possible payment of bribes to militant organisations in Iraq. Norway’s sovereign wealth fund, another major shareholder, also said it would vote against the motion…
BEIJING (AP) — Six months after being released by Canadian authorities following a diplomatic standoff involving Washington and Beijing, Huawei’s chief financial officer said Monday the telecom equipment giant may be emerging from a “black zone” of business disruptions due to U.S. sanctions. Huawei Technologies Ltd. reported its 2021 profit rose 75.9% while sales fell…
By Dhara Ranasinghe LONDON (Reuters) – Oil prices slid on Monday as a coronavirus lockdown in Shanghai fueled worries about weak demand, while the yen’s stomach-churning descent continued as the Bank of Japan stood in the way of higher yields. World stocks were largely flat, holding their ground in the face of another brutal selloff…
(Reuters) – Dutch brewing giant Heineken said on Monday it has decided to exit its business in Russia, after previously saying it would halt new investments and exports there, anticipating a charge of 400 million euros. “We have concluded that Heineken’s ownership of the business in Russia is no longer sustainable nor viable in the…
