Exxon, Guyana’s environmental agency in breach of oil-spill insurance -court
By Kiana Wilburg GEORGETOWN (Reuters) -An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil…
Business
White House report: Debt limit default could cost 8.3 million U.S. jobs
(Reuters) – A protracted default on U.S. payment obligations could result in the loss of 8.3 million jobs and a…
Google, Meta executives push back against Canada online news bill
By Sam Jabri-Pickett TORONTO (Reuters) -Google and Meta would withdraw access to news articles in Canada if legislation compelling internet…
Goldman Sachs in talks to settle gender discrimination lawsuit -source
NEW YORK (Reuters) – Goldman Sachs Group Inc is in talks to settle a class-action lawsuit that alleged widespread gender…
RBA to hike rates further this year, say economists in snap poll
By Devayani Sathyan BENGALURU (Reuters) -Australia’s central bank will likely deliver one more 25-basis-point interest rate increase by end-September to…
Fed raises rates, opens door to pause in tightening cycle
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve moved its management of the post-pandemic economic recovery…
Biden expected to nominate Jefferson as next Federal Reserve vice chair -sources
WASHINGTON (Reuters) -U.S. President Joe Biden is expected to nominate Federal Reserve Governor Philip Jefferson as the next vice chair,…
Marathon, APA profits beat on higher oil price, tighter supply
(Reuters) -U.S. shale oil producers Marathon Oil Corp and APA Corp on Wednesday topped Wall Street’s first-quarter profit estimates on…
Ford cuts prices of Mustang Mach-E after Tesla moves
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co is cutting prices on its Mustang Mach-E electric vehicle and reopening orders,…
Wall Street ends down on nagging uncertainty about Fed rate path
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday, reversing gains after comments by Federal Reserve…