(Reuters) – The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4 to discuss whether additional oil production cuts should be implemented. The group in early April surprised markets with output cuts of around 1.16 million barrels per day, fuelling a rise in prices. Going into the…
By Sabine Siebold and Gwladys Fouche OSLO (Reuters) – Moscow cannot stop Ukraine from becoming a NATO member, the alliance’s chief Jens Stoltenberg said on Thursday, as divisions among allies about the speed of Kyiv’s accession became apparent only weeks before a decisive mid-July summit in Vilnius. “All allies agree that Moscow does not have…
By Savyata Mishra (Reuters) -Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down as much as 20%. The discount store chain saw traffic to its…
(Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office this year, the Financial Times reported on Thursday, citing people familiar with the matter. The news follows a May 8 parliamentary hearing in which several Canadian pensions, including CDPQ,…
By Mike Stone and Joey Roulette WASHINGTON (Reuters) – SpaceX’s Starlink, the satellite communications service started by billionaire Elon Musk, now has a Department of Defense contract to buy those satellite services for Ukraine, the Pentagon said on Thursday. “We continue to work with a range of global partners to ensure Ukraine has the resilient…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators will decide by July 6 whether to clear Amazon.com Inc’s $1.7 billion acquisition of the maker of robot vacuum cleaner iRobot Corp, according to a European Commission filing on Thursday. U.S. online retailer Amazon announced the takeover in August last year that will boost its…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Thursday gave Salesforce Inc’s Slack Technologies another chance to avoid a lawsuit over the workplace communications software company’s 2019 direct listing. In a 9-0 ruling, the justices threw out a lower court’s decision that had let the proposed class action lawsuit filed by shareholder Fiyyaz Pirani…
By Tim Hepher PARIS (Reuters) – Airlines could face shortages of planes, engines and parts for several years as they try to meet a strong rebound in travel demand, the head of aircraft leasing giant AerCap told Reuters. Aerospace firms have predicted supply chain problems for at least 18 months as airlines clamour for jet…
MILAN (Reuters) – Stellantis does not need the Italian state as a shareholder as the carmaker is in good shape, its Chairman John Elkann said on Thursday, responding to business lobby calls for Italy to invest directly in the group. Paolo Scudieri, who heads the Italian automotive association ANFIA, was quoted in Il Sole 24…
(Reuters) – The U.S. Treasury Department on Thursday announced $15 billion in one-day cash management bills on June 2 and said it tentatively plans to sell 13-week and 26-week bills on June 5, but added that the latter sales depend on whether Congress will pass legislation to raise the debt ceiling by then. The Treasury…
