By David Shepardson (Reuters) -The National Transportation Safety Board (NTSB) said on Thursday it is investigating the derailment of a Norfolk Southern freight train near New Castle, Pennsylvania, the latest incident involving the railroad. The Pennsylvania derailment Wednesday is about 20 miles from the site of a Feb. 3 East Palestine, Ohio Norfolk Southern-operated train…
By Elisa Anzolin and Pablo Mayo Cerqueiro MILAN/LONDON (Reuters) – Italian steelmaker Feralpi Group is sounding out investment banks to arrange a possible initial public offering (IPO), three sources familiar with the matter told Reuters. Reuters reported in early April that family-owned Feralpi was working with advisers at Lazard to devise strategic options, including a…
SAO PAULO (Reuters) -Brazil’s state-run oil company Petrobras said on Thursday its board approved dividends later this year of about 24.7 billion reais ($4.94 billion), but also hinted at future changes in its payout policy. Petroleo Brasileiro SA, as the firm is formally known, said in a filing with regulators that it will pay dividends…
(Reuters) – The capacity of coal-fired power plants in the United States by 2050 will decline by more than half from 2022 levels, as environmental regulations raise costs and new plants powered by natural gas and renewable energy displace the aging fleet, the U.S. Energy Information Administration (EIA) said on Thursday. The Biden administration unveiled…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy. The number of…
By Mike Stone WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of CH-47F Chinook helicopters and related equipment to Germany for as much as $8.5 billion, the Pentagon said on Thursday. Germany announced its intent to buy 60 Chinook heavy-lift helicopters from Boeing last year to replace its ageing CH-53 fleet….
By Joan Faus BARCELONA (Reuters) – European Central Bank Vice President Luis de Guindos on Thursday singled out the rising price of services as his top concern in the ECB’s fight against inflation, saying they were being driven up by higher wages. Inflation in the euro zone has fallen from record levels, but the price…
By Michael Martina WASHINGTON (Reuters) -When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials were confident the incursion would galvanize the U.S. bureaucracy to push forward a slate of actions to counter China. Instead, the U.S. State Department held back human rights-related sanctions, export controls and other sensitive actions…
By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Thursday unveiled a sweeping plan to slash greenhouse gas emissions from the U.S. power industry, one of the biggest steps so far in its effort to decarbonize the economy to fight climate change. The proposal would limit how much carbon dioxide power plants, which are the…
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world’s biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed. Brent crude futures fell $1.43, or 1.9%, to settle…
