By Sabrina Valle HOUSTON (Reuters) -U.S. oil bosses generally collected huge paychecks last year on the back of high energy prices and record profits, with Exxon Mobil Corp’s <XOM.N> chief executive winning a 52% increase. The largest U.S. oil company on Thursday disclosed Chief Executive Darren Woods was paid $35.9 million last year. Oil company…
(Reuters) – BNP Paribas said on Thursday it has appointed José Placido as chief executive officer of its U.S. operations, effective April 1. José will assume the role of CEO of BNP Paribas USA and will oversee all U.S.-business activities while retaining in the role of CIB Americas’ executive chief, the Paris-based bank said. The biggest…
(Reuters) – Wells Fargo has named Saul Van Beurden as the chief executive officer of its consumer and small business banking (CSBB) unit, effective May 15, it said on Thursday. Van Beurden will continue to report to the bank’s CEO Charlie Scharf. A former JPMorgan Chase executive, Van Beurden joined Wells Fargo in 2019 and…
LONDON (Reuters) – British finance minister Jeremy Hunt said on Thursday there was no room for complacency in tackling low growth and high inflation after data showed the economy stagnated in February, hurt by strikes among public workers. “The growth numbers show there is absolutely no room for complacency. Inflation is higher than we want,…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) on Thursday said it referred 17 unruly passengers to the FBI for criminal investigation this year, taking the total of such referrals for violent and threatening incidents onboard planes to more than 250 since late 2021. Last month, a bipartisan group of lawmakers made…
By Stephen Nellis (Reuters) – Amazon.com Inc’s cloud computing division on Thursday released a suite of technologies aimed at helping other companies develop their own chatbots and image-generation services backed by artificial intelligence. Microsoft Corp and Alphabet Inc are adding AI chatbots to consumer products like their search engines, but they are also eying another…
By Lisandra Paraguassu BRASILIA (Reuters) – Brazilian officials are offering fresh incentives including land for Chinese manufacturer BYD to build an electric car plant in Bahia state amid stalled talks to take over a closed Ford plant, said three people familiar with discussions in Shanghai on Thursday. Brazilian President Luiz Inacio Lula da Silva met…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the global economy has proven remarkably resilient to multiple shocks, but has yet to overcome a combination of weak growth and sticky inflation. The IMF’s projection of 2.8% global growth for 2023 “is not enough to…
AMSTERDAM (Reuters) -The Dutch government on Thursday said it would support oil and gas company Shell in its efforts to reduce its CO2 and nitrogen emissions in the Netherlands in the coming years. The government said it would look at building infrastructure and accelerating permitting procedures needed for projects that would help Shell, one of…
By David Milliken and William Schomberg LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation of gross domestic product in February, is “somewhat disappointing” even if it remains better than forecast by the BoE late last year. Pill, speaking at an online…
