By Tom Westbrook, Rae Wee and Hannah Lang SINGAPORE/WASHINGTON (Reuters) – Bitcoin was hovering near its highest so far this year on Friday after crypto investors took encouragement from a legal victory in which the cryptocurrency XRP was ruled not to be a security. A U.S. judge said on Thursday that Ripple Labs Inc did…
(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 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…
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…
(Reuters) – Aspartame, one of the world’s most popular sweeteners, has been deemed a “possible carcinogen” by two groups linked to the World Health Organization, though it remains safe for consumption at already-agreed levels. The sugar substitute, used in products from diet sodas to sugar-free yoghurts and cough drops, is a combination of two amino…
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….
(Corrects Brent price unit in second paragraph to ‘per barrel’) By Shariq Khan BENGALURU (Reuters) – Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain. Brent crude futures settled at $79.87 per…
By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden’s 2024 re-election team said on Friday that it and his Democratic Party raised $72 million during the first quarter since the campaign launched, lending firepower to his efforts to seek a second term. Biden, who launched his campaign on April 25, had $77…
