By Sabrina Valle HOUSTON (Reuters) -Occidental Petroleum Corp on Thursday said it agreed to sell emissions-offsetting carbon credits to jet-maker Airbus under a deal that advances the U.S. oil producer’s budding energy transition business. The four-year agreement sets the stage for Occidental to go ahead on an investment decision for what would be the world’s…
By Peter Frontini SAO PAULO (Reuters) – Brazilian stock exchange operator B3 reported on Thursday its recurring net profit for the fourth quarter grew by 6.0%, but was slightly below analysts’ estimates. The company posted recurring net profit of 1.23 billion reais ($244.05 million), compared with the market consensus, compiled by Refinitiv, of 1.27 billion…
SPOKANE, Wash. (AP) — The U.S. Environmental Protection Agency on Thursday added Bradford Island and surrounding waters of the Columbia River to its Superfund list of toxic waste sites, beginning the process for the eventual cleanup of the area. The U.S. Army Corps of Engineers, which operates nearby Bonneville Dam, for years dumped toxic waste…
By Lisa Baertlein and Aishwarya Nair (Reuters) -U.S. delivery firm FedEx Corp posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground margins will miss internal targets. Shares of FedEx fell 3.5% to $219.90 in extended trading. E-commerce shipments fueled revenue at FedEx and United Parcel…
NEW YORK (AP) — A federal labor board is seeking to reinstate an Amazon employee who was fired in the early days of the pandemic after leading a protest calling for the company to do more to protect workers against COVID-19. Gerald Bryson, who worked at an Amazon warehouse in the New York City borough…
(Reuters) – S&P on Thursday lowered Russia’s rating to ‘CC’ from ‘CCC-‘, as the country reported difficulties meeting debt payments due on its dollar-denominated 2023 and 2043 Eurobonds. Russia’s payment difficulties stem from international sanctions that reduced its available foreign exchange reserves and restricted its access to the global financial system, markets and infrastructure, the…
(Reuters) – Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major Wall Street banks after the Federal Reserve announced the first of what is expected to be a series of rate hikes. The Deutsche Bank Trust Company Americas (DBTCA) increased…
SANTIAGO (Reuters) – A union representing workers at BHP’s sprawling Escondida copper mine in Chile, the world’s largest copper mine, on Thursday threatened a work stoppage over what it claims are breaches in its collective contract. Escondida’s Union 1 requested an urgent meeting with company executives to discuss its complaints over promotions, saying many conditions…
Both Democratic and Republican lawmakers called Thursday for restoring the charitable deduction for donors who don’t itemize their taxes, a priority for nonprofits nationwide, but a key senator was noncommittal on the question of whether to support legislation designed to boost payouts from foundations and donor-advised funds. “The charitable deduction is a lifeline, not a…
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives overwhelmingly backed legislation on Thursday to remove “most favored nation” trade status for Russia and Belarus over the invasion of Ukraine, paving the way for higher tariffs on imports from the countries. The Democratic-controlled House voted 424-8 in favor of removing Permanent Normal Trade…
