By Rod Nickel WINNIPEG, Manitoba (Reuters) – Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean fuel and stay competitive, a move that could cost Canada C$10 billion ($7.5 billion) of investment and undermine Prime Minister Justin Trudeau’s efforts to build a…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -Germany’s DAX index led gains among its European peers on Monday, boosted by Adidas shares after an analyst upgrade, while investor focus was largely on major central bank policy meetings scheduled through the week. The pan-European STOXX 600 index closed 0.2% higher, with the DAX up 0.9%….
By Chibuike Oguh NEW YORK (Reuters) – Shares of Carnival Corp and Norwegian Cruise Line Holdings Ltd jumped on Monday, and were among the top S&P 500 performers, as analysts anticipate continuing growth in travel demand from customers. Bookings across the cruise industry, which were hit hard during the pandemic, have now reached historical levels…
(Reuters) – U.S. President Joe Biden’s picks for Federal Reserve Vice Chair and to fill one vacant Fed Board seat will appear before the Senate Banking Committee on June 21 for a nomination hearing, according to an email from the committee chair Sherrod Brown. The panel will also consider the renomination of Fed Governor Lisa…
By Sybille de La Hamaide PARIS (Reuters) – French Finance Minister Bruno Le Maire said last week he had secured a pledge from 75 top food companies to cut prices on hundreds of products next month to reflect a fall in raw material costs. Supply disruptions exacerbated by Russia’s invasion of Ukraine last year boosted…
By Hamza Ibrahim KANO, Nigeria (Reuters) – In a small factory in Nigeria’s northern Kano city, Muhammad Khamis Umar stares at stacks of plastic products that have not been sold for over a week since new President Bola Tinubu scrapped a fuel subsidy, sharply driving up the cost of petrol. Most of Umar’s customers came…
By Michael S. Derby NEW YORK (Reuters) – Americans’ expectations for inflation a year from now fell to the lowest level in two years, even as those same households said they expected more challenging financial times looming ahead, a New York Fed report on Monday said. In its May Survey of Consumer Expectations report, the…
By Clara Denina LONDON (Reuters) -Glencore on Monday offered to buy Teck Resources’ steelmaking coal business as a standalone unit, after the Canadian miner twice rebuffed its $22.5 billon offer to combine the two companies. Teck Resources said on June 6 it had received several proposals for its coal business, as it reworks a plan…
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp launched on Monday the long-awaited listing of its hydrogen division Nucera, suggesting its new chief executive intends to waste no time in reviving the fortunes of the embattled conglomerate. Thyssenkrupp Nucera, a 66:34 joint venture with Italy’s De Nora, is targeting proceeds of up to 600…
(Reuters) – Biogen’s shares rose 2% on Monday as a unanimous backing of its Alzheimer’s drug by the U.S. health regulator’s advisers strengthened the case for a traditional approval with no major new safety warnings. The Food and Drug Administration’s advisory panel unanimously agreed that a late-stage trial of the drug Leqembi, developed with partner…
