Shell boosts dividend, steadies oil output under new CEO’s plan
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell said it will ramp up its dividend and share buybacks while…
Business
US Treasury unveils clean energy subsidy payments for non-taxpayers
(Reuters) – U.S. Treasury officials on Wednesday unveiled rules for how non-profits, tribes and governments can take advantage of subsidies…
US requires new passenger planes have secondary flight deck barrier
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Wednesday it is requiring that new passenger airplanes…
Exclusive-Amazon’s cloud unit is considering AMD’s new AI chips
By Stephen Nellis SAN FRANCISCO (Reuters) -Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial…
Soft U.S. landing to free investor cash toward EMs -IIF
NEW YORK (Reuters) – The U.S. economy should avoid a recession this year while inflation will fall closer to target,…
Swiss parliament names 14-member commission to probe Credit Suisse crash
ZURICH (Reuters) – Switzerland’s parliament announced on Wednesday the 14 members of a special commission that will look into Credit…
Bain Capital plans to sell stake worth $267 million in India’s Axis Bank – report
BENGALURU (Reuters) – U.S. private equity firm Bain Capital is looking to sell a 0.7% stake in India’s Axis Bank…
China’s Guangzhou R&F co-chief agrees to be extradited to U.S
By Sam Tobin LONDON (Reuters) -The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd on Wednesday…
Brazil retail sales up 0.1% in April driven by Easter
SAO PAULO (Reuters) – Retail sales in Brazil rose for the second consecutive month in April driven by Easter sales,…
Safran nears $1.8 billion deal to acquire Raytheon’s flight controls unit-source
By David Carnevali (Reuters) – French aerospace engine maker Safran SA is nearing an approximately $1.8 billion deal to acquire…