LIMA (Reuters) – Peru’s government vowed on Friday to use only appropriate force in protests planned for next week and guarantee demonstrators’ safety, following alleged abuses during the previous series of clashes. President Dina Boluarte met with top officials on Friday to discuss the need to guarantee protesters’ human rights. “We call upon the authorities to…
(Corrects 2nd paragraph to make it “June 2022” instead of “last month”) By Curtis Williams (Reuters) – Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company’s head of global gas. The second largest U.S. oil and…
(Reuters) – Top oilfield services firm SLB on Friday said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions. SLB, the world’s largest oil service and equipment provider, was one of the few providers to continue working the country’s oil sector following Russia’s invasion…
By Karen Freifeld and Andrea Shalal (Reuters) – Two U.S. senators are pursuing a legislative plan to track U.S. investments in China, as the White House works to complete long-awaited action that would also restrict investment in certain, highly targeted sectors. The Outbound Investment Transparency Act, filed late on Thursday as an amendment to a…
By David Carnevali (Reuters) -MoonLake Immunotherapeutics, a developer of an antibody-derived treatment for inflammatory skin conditions, is exploring a sale, according to people familiar with the matter. The company is working with an investment bank and is having early-stage conversations with drugmakers interested in a potential acquisition, the sources said. The sources added that no…
WASHINGTON (Reuters) -U.S. President Joe Biden’s administration will cancel $39 billion in student debt for more than 804,000 borrowers, the Education Department said on Friday, describing the relief as the result of a “fix” to income-driven repayment (IDR) plans. Borrowers will be eligible for forgiveness if they have made either 20 or 25 years of…
By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the…
By Jaiveer Shekhawat (Reuters) -Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday. The layoffs at the world’s biggest crypto exchange come at a time when the industry’s future in the U.S. market is uncertain, with…
By Lawrence Delevingne (Reuters) -Wall Street stocks mostly held on to their previous gains on Friday, while the dollar stayed near 15-month lows, after U.S. inflation data this week unleashed a wave of investor optimism that the U.S. Federal Reserve was nearing the end of its rate-hiking cycle. Data showed on Wednesday U.S. consumer prices…
By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar bounced on Friday after falling sharply the last few days, as investors consolidated losses ahead of the weekend, but its trajectory remained tilted to the downside with the Federal Reserve thought near the end of its rate hike cycle amid softening inflation….
