By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Speculators’ net long positioning on the U.S. dollar rose in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position climbed to $13.92 billion for the week ended April 26, from $12.91…
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates. Amazon.com Inc tumbled 14.05% in its steepest one-day…
(Reuters) – Chilean copper producer Codelco posted on Friday a first quarter pre-tax profit of $1.521 billion, a 7% decrease from the year-ago period. The state-owned company’s quarterly production totaled 364,000 tonnes, down 6% from a year ago. Its direct production cost rose to $152 cents per pound from $132 the year before. (Reporting by…
By Julie Gordon OTTAWA (Reuters) – Canada recorded its second surplus of fiscal 2021/22 in February, as its budget deficit for the first 11 months of the fiscal year shrunk considerably compared with the year-ago period, the finance ministry said on Friday. The February surplus was C$5.47 billion ($4.28 billion) compared with a deficit of…
In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase. Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging…
By Sinéad Carew NEW YORK (Reuters) – The U.S. dollar index fell from 20-year highs and Wall Street equities sold off on Friday with the latest economic data and Amazon.com’s disappointing quarterly report and outlook keeping the spotlight on surging inflation. In U.S. Treasuries the benchmark 10-year yields capped off their biggest monthly gain since…
Thomas Tighe says helping Ukrainians can generally be done by using existing aid strategies. It’s just a matter of scale and adapting to circumstances on the ground. Since Russia invaded Ukraine in February, Tighe and the nonprofit humanitarian medical organization Direct Relief, where he has been president and CEO since 2000, have provided more than…
MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial said on Friday it had sold the engineered films division on its Raven Industries unit to private equity firm Industrial Opportunity Partners (IOP) for $350 million. The sale of Raven Engineered Films Division (EFD) follows CNH Industrial’s $2.1 billion purchase of U.S. based Raven Industries…
By Marc Jones and Andrea Shalal LONDON/WASHINGTON (Reuters) -Russia made what appeared to be a late U-turn to avoid a default on Friday, as it made a number of overdue interest payments in dollars on its overseas bonds, despite previously vowing to pay only in roubles as long as its reserves remained frozen. Russia’s $40…
(Reuters) – Chilean state-owned mining company Codelco is optimistic about copper prices for 2022 boosted by higher demand, its president Maximo Pacheco said on Friday during a press conference. Pacheco, who spoke after a meeting with shareholders and Finance Minister Mario Marcel and Mining Minister Marcela Hernando, said the optimism stems from a global trend towards renewable…
