OTTAWA (Reuters) -The Canadian government is relieved that dock workers in the Pacific province of British Columbia have lifted their strike notice, Transport Minister Omar Alghabra said on Thursday. The dock worker’s union said late on Wednesday that it had lifted a strike notice issued for Saturday. It acted after Prime Minister Justin Trudeau directed…
By Daniel Ramos LA PAZ (Reuters) -Bolivia’s lithium resources are now estimated at 23 million metric tons, its president said on Thursday after government studies that further cement the South American country’s position as the global leader in lithium resources. The new figure, reached after more than 66 wells were explored across the Coipasa and…
By Jody Godoy (Reuters) – A Florida venture capitalist, his brother and an employee accused of insider trading before a blank check company’s proposed merger with former U.S. President Donald Trump’s social media company pleaded not guilty in a New York court on Thursday. Michael and Gerald Shvartsman, and Bruce Garelick were charged last month…
By Laura Sanicola (Reuters) -Oil prices settled slightly higher on Thursday on lower U.S. crude inventories and strong crude imports by China, but a weaker demand outlook kept investors cautious. September Brent futures climbed 18 cents, or 0.2%, to settle at $79.64 a barrel. August U.S. West Texas Intermediate (WTI) crude gained 28 cents, or…
By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc said on Thursday it became the first manager of alternative investments such as private equity and real estate to reach $1 trillion in assets, a milestone accompanied by news its second-quarter distributable earnings dropped 39% amid a slump in asset sales. Blackstone achieved its $1 trillion…
By Karen Brettell NEW YORK (Reuters) – The dollar gained against a basket of currencies on Thursday after data showed that the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, boosting expectations the Federal Reserve may continue hiking interest rates if the economy remains strong. Initial claims for state unemployment…
By Viktoria Lakezina and Vitalii Hnidyi MYKOLAIV/NEAR KUPIANSK, Ukraine (Reuters) -Russia jolted world grain markets with an escalation in the Black Sea, mounting a third straight night of air strikes on Ukrainian ports and issuing a threat against Ukraine-bound vessels to which Kyiv responded in kind. At least 27 civilians were reported hurt in the…
By Krystal Hu (Reuters) -Michael Moritz, the storied venture capitalist who sits on the boards of Stripe and Instacart, is leaving Sequoia Capital after 38 years, according to a letter sent to limited partners on Wednesday and viewed by Reuters. Moritz, 68, will now focus on Sequoia Heritage, a $15 billion wealth management fund that…
WASHINGTON (Reuters) -The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration’s efforts to boost clean energy. In February, the United States proposed to expand offshore wind power developments…
(Reuters) – The US Federal Trade Commission is poised to pause its in-house trial against Microsoft Corp’s $69 billion acquisition of Activision Blizzard opening the door to potential settlement talks, Bloomberg News reported on Thursday. Microsoft and FTC did not immediately respond to Reuters requests for comment. (Reporting by Mrinmay Dey in Bengaluru; Editing by…
