By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant. Risk appetite in wider financial markets has been fueled by growing expectations that central banks such as the U.S. Federal Reserve and…
By Carolina Mandl NEW YORK (Reuters) – Two hedge funds have placed bets that bonds issued by life insurance company Lincoln National Corp will fall or that its default risk will increase, due to their concerns about the company’s commercial real estate (CRE) exposure. Investors have been on high alert for losses in CRE. That…
TOKYO (Reuters) – Toshiba Corp said on Friday a group led by Japan Industrial Partners (JIP) is expected to launch a tender offer for the industrial conglomerate “sometime in August 2023”, a delay from late July. Toshiba said in a statement that procedures under foreign competition laws and regulations in some jurisdictions are not expected…
By Lucia Mutikani WASHINGTON (Reuters) – Annual U.S. inflation rose at its slowest pace in more than two years in June, with underlying price pressures receding, a trend that, if sustained, could push the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. The improving inflation environment was reinforced by…
By Alvise Armellini ROME (Reuters) -Italy’s state-controlled defence and aerospace group Leonardo needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. Roberto Cingolani, a scientist and former energy and environment minister who was installed in May, spoke as the company reported for…
(Reuters) – Major Hollywood studios and streaming platforms are considering terminating some of their first-look, overall deals with writers as soon as Aug. 1, Variety reported on Friday, citing sources with knowledge of various term agreements and talks inside the companies. The deals would be torn up under contractual force majeure clauses, as SAG-AFTRA and…
(This July 26 story has been corrected to remove an extraneous letter from the jump headline) By Moussa Aksar and Boureima Balima NIAMEY (Reuters) – Niger President Mohamed Bazoum has been removed from power, according to a group of soldiers who appeared on the West African nation’s national television late on Wednesday, hours after the…
By Sabrina Valle (Reuters) – Chevron Corp on Friday said that its annual oil and gas production should stay near the low-end of the oil major’s guidance due to unexpected stoppages in Canada and Thailand operations. The company last year delivered 3 million barrels of oil and gas equivalent per day (boepd) worldwide while forecasting…
By Laura Sanicola and Timothy Gardner WASHINGTON (Reuters) – The largest U.S. solar power site and other clean energy projects could be built on lands owned by the Department of Energy, including where components for Cold War-era atomic bombs were developed, the agency said on Friday. The DOE said it has identified about 70,000 acres…
By David Shepardson WASHINGTON (Reuters) -U.S. prosecutors on Friday asked a judge to dismiss a 2020 criminal case against European planemaker Airbus after a probationary period for the company expired. A 2020 settlement known as a deferred prosecution agreement resolved an investigation into charges Airbus violated anti-bribery laws and export controls. The planemaker, a major…
