By Francesco Canepa and Lindsay Dunsmuir STOCKHOLM (Reuters) -Some of the world’s top central bankers aired concerns about being expected to tackle climate change as well as tame inflation on Tuesday, with Federal Reserve chief Jerome Powell saying the U.S. central bank needed to stay out of politics. “We should ‘stick to our knitting’ and…
HOUSTON (Reuters) – Chevron Corp’s first cargo of Venezuelan crude after a U.S. license received in November has departed from a ship-to-ship transfer hub near Aruba to its Pascagoula, Mississippi refinery, according to shipping data seen by Reuters on Tuesday. (Reporting by Marianna Parraga; Editing by Gary McWillims)
By Manya Saini and Niket Nishant (Reuters) -Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since last year. The company, whose shares were up 3.3% at $39.52, said it…
By Luiza Ilie and Gergely Szakacs BUCHAREST (Reuters) – Romania’s 25 basis point rate hike on Tuesday may signal an end to Central Europe’s aggressive 18-month campaign of monetary tightening but persistently tight local labour markets and other obstacles still litter the path towards lower inflation. The relatively modest move consolidated a view among economists…
(Reuters) -Bed Bath & Beyond Inc on Tuesday reported a quarterly loss of about $393 million after a tough holiday season that it hoped would provide a financial cushion to its months-long cash burn. The company did not say if it would file for bankruptcy after saying last week it was working with outside advisers…
(Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural gas prices and the reopening of China’s borders. “We maintain our view that Euro area growth will be weak over the winter months…
By Ron Bousso LONDON (Reuters) – Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell has said it will focus its oil and gas…
(This Dec. 17 story has been corrected to change the data in graphic “Abundant Supplies of Green Aluminium”) By Eric Onstad LONDON (Reuters) – Aluminium makers are set to boost low-carbon metal output by 10% in 2023 and churn out even more in the years ahead, driving down the cost for carmakers seeking climate-friendly supplies…
By Victoria Waldersee BERLIN (Reuters) – BMW fourth-quarter group sales rose 10.6%, the carmaker said on Tuesday, helped by easing supply chain bottlenecks in a year that has been plagued by war in Ukraine and lockdowns in China. Full-year deliveries were down 4.8%, with Europe and China hardest hit by supply chain troubles that curbed…
BERLIN (Reuters) – The BMW brand delivered 2.1 million vehicles in 2022, down 5.1% from the previous year, but still maintained its number one position in the global premium segment, the company said on Tuesday. The BMW Group delivered 2.4 million vehicles, a 4.8% decrease from last year. The Group was able to more than…
