LIMA (Reuters) – A group of indigenous protesters in Peru’s remote Amazon region attacked two oil tankers with gasoline bombs apparently because they are angry about changes by the government to social oil funds, the operator of the vessels said on Wednesday. A dozen crew members from both tankers, one of which contained 40,000 barrels…
By Nancy Lapid (Reuters) – The northeastern United States is blanketed under a pungent haze caused by smoke carried down from wildfires burning in Canada that contains a host of noxious gases and particulate matter that carry serious health risks. Here is what you need to know about the risks of the lingering smoke that…
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while the Canadian dollar jumped after the Bank of Canada hiked rates. The U.S. central bank is expected to hold rates steady next…
By Ismail Shakil and Fergal Smith OTTAWA (Reuters) -Canada’s exports jumped 2.5% in April and hit an all-time high by volume, while imports declined 0.2% partly because of a fall in energy products, Statistics Canada said on Wednesday. As a result, the country’s trade surplus with the world widened to C$1.94 billion ($1.45 billion) in…
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rally over the coming 12 months as pressure grows on the Bank of Canada to resume its interest rate hiking campaign and some of the appeal of the U.S. dollar potentially fades, a Reuters poll showed on Wednesday. While the loonie was expected…
By Allison Lampert and Doyinsola Oladipo (Reuters) – Flight bookings for international business travel this fall are nearing 2019 levels, in a sign of recovery, according to a travel data firm, but climate concerns and economic clouds could mute demand for work-related trips. Business travel has generally lagged leisure trips in airlines’ recovery from COVID-19….
By Angus Berwick and Tom Wilson LONDON (Reuters) – Two offshore trading firms controlled by Binance founder and CEO Changpeng Zhao lie at the centre of the Securities and Exchange Commission (SEC) lawsuit launched against the world’s largest crypto exchange, which highlights concerns over client funds. Swiss-registered Sigma Chain received customer funds from Binance, the…
By Divya Rajagopal TORONTO (Reuters) -Teck Resources said on Tuesday it has received several proposals for its steelmaking coal business, without revealing if one included a revised offer from Swiss trading and mining firm Glencore which launched its takeover bid for the Canadian miner over two months ago. Vancouver-based Teck said in a statement its…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained against the euro and yen on Tuesday as investors focused on the likelihood that the Federal Reserve will continue hiking rates, while the Aussie jumped after the Reserve Bank of Australia (RBA) surprised with a rate increase. Fed officials are in a blackout period…
TORONTO (Reuters) – Canadian economic activity expanded in May at the slowest pace in three months, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The seasonally adjusted index fell to 53.5 in May from 56.8 in April, posting its lowest level since February. The Ivey PMI measures the month to month variation in economic…
