By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to face a setback in its $61 billion bid for cloud computing company VMware with EU antitrust regulators poised to open a full-scale investigation into the deal, people familiar with the matter said. The proposed acquisition, the second biggest globally so far this…
By Vladimir Soldatkin and Guy Faulconbridge MOSCOW (Reuters) -Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any country that imposes the West’s “stupid” price cap on Russian oil, President Vladimir Putin said on Friday. The Group of Seven major powers, the European Union and Australia…
By Arathy Somasekhar HOUSTON (Reuters) – An oil spill that shut TC Energy’s Keystone pipeline in the United States on Wednesday could squeeze crude inventories at the country’s primary storage hub and in two main refining regions, the Midwest and Gulf Coast, analysts and traders said on Friday. The Keystone line is a key artery…
(Corrects spelling of ‘Roland’ in paragraph 10) By David Randall NEW YORK (Reuters) -Investors who sell underperforming U.S. stocks to lock in tax benefits before year-end may be adding to recent pressure on equities while sowing the seeds of a January rebound in some corners of the market. With the S&P 500 down about 16%…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. producer prices rose slightly more than expected in November amid a jump in the costs of services, but the trend is moderating, with annual inflation at the factory gate posting its smallest increase in 1-1/2 years. The report from the Labor Department on Friday also showed underlying producer prices…
PARIS (AP) — French energy giant TotalEnergies said Friday that it will walk away from its stake in Russian natural gas producer Novatek and take a $3.7 billion loss. TotalEnergies, which has come under criticism for pursuing some of its projects in Russia amid the war in Ukraine, said Western sanctions prevent it from selling…
By Rachel Savage and Marc Jones JOHANNESBURG/LONDON (Reuters) – Ghana has begun restructuring its debt by rolling out a plan to swap $10.5 billion in local bonds with new ones, seeking IMF help and by preparing a proposal to restructure its foreign debt as the West African country struggles with its worst economic crisis in…
DETROIT (AP) — Workers at a General Motors joint venture electric vehicle battery factory in Ohio have voted to join the United Auto Workers union. About 900 workers at the new plant near Warren, Ohio, are the first to decide on union representation at a battery plant. The National Labor Relations Board said Friday that…
WASHINGTON (AP) — Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool. The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March. On…
By Shadia Nasralla (Reuters) – Oil prices were stable on Friday, although both benchmarks headed for a weekly loss on worries over weak economic outlook in China, Europe and the United States weighing on oil demand. Brent crude futures were at $76.20 a barrel, up 5 cent, at 1216 GMT. Brent hit a 2022 low…
