By Stephen Culp NEW YORK (Reuters) – Wall Street bounced back to a sharply higher close in light trading on Friday as investors embarked on the second half of the year ahead of the long holiday weekend. All three major U.S. stock indexes reversed early losses to end in well into positive territory in the…
By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion from existing investors led by Sequoia Capital, according to a person familiar with the matter. The financing round is yet to be finalized, but if successfully completed would represent a…
Amazon is barring off-duty warehouse workers from the company’s facilities, a move organizers say can hamper union drives. Under the policy shared with workers on Amazon’s internal app, employees are barred from accessing buildings or other working areas on their scheduled days off, and before or after their shifts. An Amazon spokesperson said the policy…
By Adriana Barrera PARAISO, Mexico (Reuters) -Mexican President Andres Manuel Lopez Obrador formally opened a major new oil refinery on Friday, a signature project for the leftist leader who argues it will help the country cut a longstanding dependence on foreign gasoline and diesel supplies. The Olmeca refinery owned and operated by state-run oil company…
By Nichola Groom (Reuters) -President Joe Biden’s administration on Friday unveiled a five-year proposal for offshore oil and gas development in areas of existing production, and said the final plan may have anywhere from zero to 11 lease sales. The range of options, between two auctions a year and none at all, sought to balance…
By Roberto Samora and Ana Mano SAO PAULO (Reuters) – Brazilian fertilizer imports in June jumped 18.6% and totaled 4.15 million tonnes, according to government data released on Friday, quashing fears of delivery disruptions amid trade sanctions on key suppliers. The data suggests that Brazil, which imports about 85% of its fertilizer needs, should have…
DETROIT (AP) — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per gallon gasoline, high inflation and rising interest rates. The…
(Reuters) – Major U.S. airlines have agreed to update computer systems by the end of 2024 to allow travelers to purchase tickets with an X gender marker, an airline trade group confirmed on Friday. Senator Ron Wyden, in a letter to Airlines for America that was seen by Reuters, said member airlines committed to the…
BEIJING/SYDNEY (Reuters) -China’s “Big Three” state airlines pledged on Friday to buy a total of almost 300 Airbus jets, the biggest order by Chinese carriers since the start of the COVID-19 pandemic and a breakthrough for Europe as Boeing remains partially frozen out of China. In apparently coordinated announcements, Air China and China Southern Airlines…
SANTIAGO (Reuters) -Chile’s finance minister, Mario Marcel, on Friday introduced a tax reform bill that increases copper mining royalties on companies that produce more than 50,000 tonnes a year and raises taxes on high-income earners to fund the government’s proposed social programs and reforms. Chile is the world’s top copper producer and is home to…
