By Valentine Hilaire (Reuters) – First Quantum Minerals Ltd has warned employees it may have to shutter operations in Panama if the government does not allow its copper exports to resume by next week, according to a memo sent to staff and seen by Reuters. A long-running contract dispute between the Canadian miner and Panama…
By Arathy Somasekhar and Stephanie Kelly HOUSTON (Reuters) -Russia’s decision to cut crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, Ben Harris, a U.S. Treasury Department Assistant Secretary, said on Thursday. Russia’s Deputy Prime Minister Alexander Novak last week said it would voluntarily cut production beginning…
BEIJING (Reuters) -China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it…
By Laila Kearney NEW YORK (Reuters) -Oil prices settled slightly lower on Thursday after trading in a narrow range as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stockpiles. Brent crude futures settled at $85.14 a barrel, losing 24 cents. U.S. West Texas…
WASHINGTON (Reuters) – U.S. Senate Commerce Committee chair Maria Cantwell on Thursday asked Southwest Airlines to provide a full accounting of all refunds issued and denied after a December technological meltdown led to the cancellation of 16,700 flights. Cantwell asked Southwest Airlines Chief Operating Officer Andrew Watterson for detailed data from the travel disruptions. Watterson…
By Huw Jones LONDON (Reuters) – The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for climate reporting. Subject to ‘balloting’, or standard checks before formal publication, the norms are expected to come into…
By Tim Hepher PARIS (Reuters) -Airbus on Thursday slowed the production ramp-up of key narrowbody models after supply disruption, but surprised investors and some suppliers by raising output ambitions for the widebody A350 as long-haul routes join a global travel recovery. In a bid to stabilise the supply base for the industry’s highest-volume jetliner model,…
By Luc Cohen NEW YORK (Reuters) – A U.S. judge on Thursday is set to weigh tighter restrictions on Sam Bankman-Fried’s internet use, after prosecutors said the indicted FTX cryptocurrency exchange founder may be trying to hide some of his online activity. Federal prosecutors in Manhattan on Wednesday urged U.S. District Judge Lewis Kaplan to…
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that new proposed rules aimed at better preparing open-end funds to weather distressed market conditions would harm investors saving for retirement. A November proposal from the SEC would require mutual funds, and some exchange-traded funds, to…
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that new proposed rules aimed at better preparing open-end funds to weather distressed market conditions would harm investors saving for retirement. A November proposal from the SEC would require mutual funds, and some exchange-traded funds, to…
