(Reuters) – California’s Independent System Operator (ISO) warned of high temperatures and increased electricity usage during the coming week as the grid operator prepares for tight conditions works to ensure adequate supply. In a notice released on Saturday, ISO said it is closely monitoring the power grid as widespread heat waves can cause supply shortages,…
LONDON (Reuters) -Sanctions-hit Alrosa kept diamond sales in the first half of 2023 at the year-ago levels, the Russian company said on Monday as it reported financial results for the first time since Moscow’s 2022 invasion of Ukraine. Efforts to reduce Russia’s revenue from diamond exports and to build on Washington’s existing sanctions on Alrosa,…
MEXICO CITY (Reuters) – The International Monetary Fund on Monday said it welcomed Argentine authorities’ recent policy actions and commitment to safeguarding stability, rebuild reserves and enhance fiscal order. The IMF added that its board is set to meet on Aug. 23 to approve Argentina’s 5th and 6th reviews to “unlock the agreed disbursements.” The…
WASHINGTON (Reuters) -U.S. Ambassador to Russia Lynne Tracy met with jailed Wall Street Journal reporter Evan Gershkovich on Monday, a State Department spokesperson said, in her third such visit since his March detention on espionage charges he denies. “Ambassador Tracy said that Evan continues to appear in good health and remains strong, despite his circumstances,”…
(Reuters) – The British audit firm Crowe UK, an executive and top auditor have agreed to pay nearly $800,000 to settle charges they falsely claimed to have properly audited a business that went public despite having little to no revenue, Wall Street’s top regulator announced on Monday. The settled charges against the London-based audit firm,…
By Nathan Gomes and Paul Lienert (Reuters) -Ford Motor on Monday named former Apple executive Peter Stern as the president of its newly formed Ford Integrated Services unit to help build new high-margin digital and subscription services. Stern, who previously oversaw Apple TV+, iCloud and Apple News+, will report to Ford CEO Jim Farley. In…
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Exor NV, the investment arm of Italy’s Agnelli family, has become the top investor in Philips by buying 15% of the healthcare technology group for about 2.6 billion euros ($2.8 billion), the companies said. The deal is a welcome vote of confidence in the Dutch company,…
NEW YORK (Reuters) – Greenlight Capital made investments in alternative asset manager Onex Corp and clean energy company NET Power during the second quarter but also added portfolio protection through index hedges, the hedge fund told investors on Monday. Greenlight, run by David Einhorn, told investors in a letter seen by Reuters on Monday that…
MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took “full responsibility” for last week’s shock decision to impose a one-off bank tax that has been blamed for causing lasting damage to her government’s credibility with financial markets. In comments to Italian newspapers Corriere della Sera, la Repubblica and La Stampa, Meloni said the 40%…
(Reuters) – (This August 11 story has been corrected to clarify that the name on the website, Air Canada Pilots Association (ACPA), is no longer used as the group merged with ALPA and changes the name of the union in paragraph 5) Air Canada reported a better-than-expected quarterly profit on Friday compared with a year-ago…
