COLOMBO, Sri Lanka (AP) — Senior U.S. officials were in Sri Lanka seeking ways to help the island nation cope with an unprecedented economic crisis and severe shortages of essential supplies, as the energy minister warned that new fuel shipments would be delayed. The U.S. over the past two weeks has announced millions of dollars…
By Karin Strohecker LONDON (Reuters) – Russia edged closer to default on Sunday amid little sign that investors holding its international bonds had received payment, heralding what would be the nation’s first default in decades. Russia has struggled to keep up payments on $40 billion of outstanding bonds since its invasion of Ukraine on Feb….
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central…
KRUEN, Germany (Reuters) – The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday. Britain and the United States…
By Fabian Cambero SANTIAGO (Reuters) – Chilean state-owned copper miner Codelco, the world’s top producer of the red metal, sees a firm copper price ahead despite a recent sharp fall, chairman of the board Máximo Pacheco told Reuters in an interview in Santiago. The comments come as copper prices posted their biggest weekly fall in…
(Reuters) – Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines Inc to vote for a proposed merger with Frontier Group Holdings Inc . “On balance, support for the merger with Frontier on the revised terms is warranted,” the proxy advisory firm said in a report published late Friday and…
SAO PAULO (Reuters) – The incoming chief executive of Brazil’s state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm’s fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run…
MADRID (AP) — The Spanish government has approved a package of emergency economic measures worth more than 9 billion euros ($9.5 billion) to try to temper the economic fallout from Russia’s invasion of Ukraine, Prime Minister Pedro Sánchez said Saturday. “This war, and its economic and social consequences, have produced an extraordinary uncertainty when it…
(Reuters) -A growing number of companies, including JPMorgan Chase & Co, Amazon.com Inc, Tesla Inc, and Walt Disney Co are rolling out policies to offer benefits to U.S. employees who may need to access abortion services. The U.S. Supreme Court on Friday took the dramatic step of overturning the landmark 1973 Roe v. Wade ruling…
(Reuters) – A U.S. appeals court has ruled that the federal government may transfer thousands of acres in Arizona to Rio Tinto Plc for a copper mine in a land swap deal, upholding a lower court’s ruling and rejecting a request from Native Americans who said the land has religious and cultural import. The 2-1…
