By Kylie Madry MEXICO CITY (Reuters) -Mexico will extend the deadline for cargo airlines to move operations from the capital’s main airport to a farther-away one following U.S. Transportation Secretary Pete Buttigieg’s visit to the country, Mexico’s transportation ministry said Friday. Earlier Friday, local outlet El Financiero had reported the deadline was moved to September,…
By Stephanie Kelly NEW YORK (Reuters) -Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes. Brent crude gained 94 cents to settle at $76.61 a barrel. U.S. West Texas Intermediate…
By Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The yen plunged to a 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept its ultra-low interest rate policy and forecast that inflation will slow later this year, in contrast with the European Central Bank’s (ECB) rate hike on Thursday. The Japanese unit…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Friday said it found that no major U.S. trading partners had manipulated their currencies for an export advantage, adding it ended “enhanced analysis” for Switzerland after the country met only one of three manipulation criteria. In its semi-annual currency report, the Treasury said that Switzerland…
(Reuters) – President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets. Putin said he would discuss the future of the grain deal with visiting African leaders…
By David Carnevali and Mike Stone (Reuters) -Ball Corp, the world’s largest supplier of beer cans, is exploring a sale of its business that provides aerospace and national defense hardware, such as sensors and antennas, for over $5 billion, people familiar with the matter said on Friday. The divestment of the aerospace business, which accounted…
By Jonathan Stempel NEW YORK (Reuters) -Jamie Dimon, the chief executive of JPMorgan Chase, will not have to sit for a second deposition in the U.S. Virgin Islands’ lawsuit over the bank’s work for Jeffrey Epstein, the late financier and sex offender. U.S. District Judge Jed Rakoff in Manhattan on Friday denied “in its entirety”…
By Tim Hepher PARIS (Reuters) – Airbus has signed orders this month including 60 A320-family jets with a lessor and 10 A350s with a major airline, said the planemaker’s Chief Commercial Officer Christian Scherer. The deals come on top of any business to be announced at next week’s Paris Airshow and will be booked at…
VIENNA (Reuters) – It is unclear whether water from the huge reservoir of the Kakhovka dam in Ukraine that burst last week can still be pumped to the nearby Zaporizhzhia nuclear power plant (ZNPP) for cooling, the U.N. nuclear watchdog said on Friday. While the reservoir was a main source of water for cooling the…
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Intel plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on Friday. The U.S. chipmaker last year announced plans to build…
