By Mircely Guanipa PUNTO FIJO (Reuters) – More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters. The report by PDVSA’s maritime branch,…
By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) – U.S. buyout house Blackstone is weighing options for Dutch merchant bank NIBC, including a possible sale, people familiar with the matter told Reuters. The fund manager has been informally sounding out other banks and potential financial buyers to gauge their appetite, said the…
(Reuters) – Regeneron Pharmaceuticals Inc beat Wall Street estimates for first-quarter profit on Thursday, driven by strong demand for eczema treatment Dupixent. Excluding items, the company reported a profit of $10.09 per share for the quarter, above analysts’ estimates of $9.56, according to Refinitiv data. (This story has been corrected to remove reference to Eylea…
By Zeba Siddiqui and Christopher Bing SAN FRANCISCO/WASHINGTON (Reuters) – A Miami-based digital marketing firm was behind a series of covert political influence operations in Latin America over the last year, Facebook-owner Meta said this week, a rare exposé of an apparent U.S.-based misinformation-for-hire outfit. Predictvia, which is registered as a business in Florida, says…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, asked on Wednesday about what the Fed would do in the event of a U.S. debt default, repeated the mantra of Fed leaders on that issue: A default is unthinkable, the U.S. government needs to pay its bills, and there was little the central…
By Tom Polansek CHICAGO (Reuters) – U.S. cattle producer Brad Kooima declined multiple, escalating bids from meatpackers seeking to buy his livestock to hold out for higher prices. His bargaining power is a dramatic reversal from three years ago, when cattle were plentiful and Kooima said he went seven weeks without getting a bid as…
A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve needs more information on what to do for its next move on interest rates, relentless stress in regional bank shares again this week may yet figure highly. As the Fed delivered what markets assume will be the…
By Lewis Krauskopf and David Randall NEW YORK (Reuters) – The end of a market-punishing rate hiking cycle may be in sight, but uncertainty over stock valuations and the economic outlook is keeping investors on alert for more turbulence ahead. The Federal Reserve on Wednesday signaled it may pause interest rate increases after raising rates…
By Maria Martinez (Reuters) – German exports fell significantly more than expected in March, as deliveries to the United States and China sharply declined, data showed on Thursday. Exports decreased by 5.2% on the previous month, with exports to European Union countries falling 6.2%, to the United States declining 10.9% and to China dropping 9.3%,…
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) directors will meet on Thursday to decide their response to multibillion bids for the phone company’s landline grid as top investor Vivendi calls into question the group’s strategy. The sale of TIM’s fixed network and its submarine cable unit Sparkle is the focus of CEO Pietro…
