By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund strategy chief Ceyla Pazarbasioglu said she will travel to China next week for high-level meetings, part of efforts to press the world’s largest sovereign creditor for quicker progress on debt restructurings for countries in need. Pazarbasioglu welcomed China’s participation in a debt treatment package for Chad, the…
By Sonali Paul MELBOURNE (Reuters) -Woodside Energy Group Ltd, Australia’s top independent gas producer, flagged on Thursday a drop in free cash flow over the next few years, which raised alarm among analysts about future dividend payouts. Woodside’s shares fell 1.8% after its annual investor briefing in a broader market that was up 0.9%, even…
NEW YORK (AP) — Amazon CEO Andy Jassy said Wednesday the company does not have plans to stop selling the antisemitic film that gained notoriety recently after Brooklyn Nets guard Kyrie Irving tweeted out an Amazon link to it. Pressure has been mounting on Amazon to discontinue sale of the film, called “Hebrews to Negroes:…
NEW YORK (AP) — The former CEO of the failed cryptocurrency exchange FTX said Wednesday that he did not “knowingly” misuse customers’ funds, and said he believes his millions of angry customers will eventually be made whole. The comments from Sam Bankman-Fried came during an interview with Andrew Ross Sorkin at a conference put on…
By Howard Schneider and Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short…
By Carolina Mandl NEW YORK (Reuters) – BlackRock Inc Chief Executive Larry Fink said on Wednesday that there appear to have been “misbehaviors” by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future. “We’re going to have to wait to see how this all plays out (with FTX),”…
NEW YORK (AP) — GivingTuesday raised a record $3.1 billion in 24 hours for charitable causes in the U.S. earlier this week, as the event that started as a hashtag in 2012 celebrated its 10th anniversary and its status as a staple of fundraising for nonprofits, the group’s leader said Wednesday. Despite the difficult economic…
MELBOURNE (Reuters) – Woodside Energy Group, Australia’s top independent gas producer, is continuing to hunt for opportunities to expand in the Gulf of Mexico following its takeover of BHP Group’s assets there, Chief Executive Officer Meg O’Neill said on Thursday. “We will continue to look at opportunities to grow the business in North America,” O’Neill…
(Reuters) – Elon Musk on Wednesday tweeted that the misunderstanding about Twitter potentially being removed from Apple Inc’s App Store was resolved following his meeting with the iPhone maker’s Chief Executive Tim Cook. “Tim was clear that Apple never considered doing so,” the billionaire CEO of Twitter and Tesla Inc said in a tweet. On…
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes as soon as December. The S&P 500 rallied from an earlier loss and the Nasdaq jumped after the release of…
