By Shariq Khan NEW YORK (Reuters) – Oil settled over $80 a barrel on Tuesday and recorded its biggest daily gains in over a month, as investors bought up risk assets after U.S. data pointed to slowing inflation. The market was also buoyed by concerns about supply disruptions, including the ongoing shutdown of the Canada-to-United…
By Jared Higgs, Luc Cohen and Chris Prentice NASSAU, Bahamas/NEW YORK (Reuters) -U.S. prosecutors on Tuesday accused Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, of fraud and violating campaign finance laws, saying the investigation is ongoing and “moving very quickly.” U.S. Attorney Damian Williams in New York said Bankman-Fried made…
By Mahamat Ramadane and Sabrina Valle N’DJAMENA (Reuters) -Chad may ask its courts to block Savannah Energy’s purchase of Exxon Mobil Corp’s assets in the country, saying the final terms of the deal were substantially different from what had been presented to it a year ago. Exxon Mobil closed the $407 million sale of its…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) – The Bank of Japan should change a policy statement so it has more flexibility to adjust interest rates instead of narrowly focusing on maintaining massive stimulus, Mana Nakazora, chief credit strategist at BNP Paribas Japan, told Reuters. Nakazora, also a member of a trade ministry panel…
DEARBORN, Mich. (Reuters) – Ford Motor Co on Tuesday said it added a third work crew at an assembly plant near Detroit as it boosts production of its F-150 Lightning electric pickup truck. The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the…
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By Jane Lanhee Lee and Tim Kelly OAKLAND, Calif./TOKYO (Reuters) – IBM Corp said on Tuesday it is partnering with Rapidus, a newly formed chip maker backed by the Japanese government, to help it manufacture the most advanced chips currently available. The announcement comes as U.S.-China relations remain tense especially over chips, and Washington recently…
By Timothy Gardner WASHINGTON (Reuters) -The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers the sun and stars that one day could provide a cheap source of electricity, three sources with knowledge of the matter said. The scientists at…
(Reuters) – The Bahamas police have arrested former FTX CEO Sam Bankman-Fried, the country’s attorney general said in a statement on Monday, adding that The Bahamas has received formal notification from the United States of criminal charges against him. (Reporting by Jasper Ward in Washington and Brian Ellsworth in Miami)
WASHINGTON (Reuters) – The November U.S. budget deficit jumped by $57 billion or 30% from a year earlier to $249 billion, a record for the month, as revenues fell and outlays for education, healthcare and interest on the public debt rose sharply, the U.S. Treasury said on Monday. Receipts for November fell 10% or $29…
