U.S. refiners build new oil processing as travel rises
By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners aim to run at up to 94% of a total 17.9…
May 16, 2023
NY Fed May survey finds rising number of firms expect credit tougher to get
By Michael S. Derby NEW YORK (Reuters) – Leaders of factory and service sector firms in the New York Fed’s…
Yellen warns US default could trigger recession, ‘break’ financial markets
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen on Tuesday warned that a U.S. default on government debt would leave millions…
Greek PM says country has changed, seeks new mandate to speed up growth
By Renee Maltezou HERAKLION, Greece (Reuters) – Greek Prime Minister Kyriakos Mitsotakis told Reuters in an interview that he had…
Japan approves energy firms’ household power price hike
TOKYO (Reuters) – Japan’s government on Tuesday has approved an increase in household electricity rates of made by seven major…
Shake Shack Settles With Activist Investor, Adds Independent Director
(Reuters) -Shake Shack Inc on Tuesday added an independent director in agreement with Engaged Capital LLC, avoiding a potential proxy…
Mercedes plans new electric van platform, 20% cost cuts by mid-decade
By Nick Carey LONDON (Reuters) – Mercedes-Benz’s van unit said on Tuesday that it plans a new, scalable platform for…
Canadian minister ‘confident’ of Stellantis battery plant deal
OTTAWA (Reuters) -Canada’s industry minister is optimistic about reaching a deal with carmaker Stellantis over subsidies to build a battery…
UK government rejects criticism that Brexit has failed
LONDON (Reuters) -Britain’s departure from the European Union has not been a failure, Prime Minister Rishi Sunak’s spokesperson said on…
Tesla to meet Indian officials this week – source
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Senior Tesla Inc executives will meet Indian government officials on…