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…
By Daina Beth Solomon MEXICO CITY (Reuters) -An upstart union supported by international activists on Thursday won an election to represent General Motors workers in central Mexico, opening the door to the prospect of bigger pay rises, inspired by U.S.-backed labor reform. The election was one of the first under the new Mexican law, which…
BANGKOK (AP) — Stocks were mixed in Asia on Wednesday after a rally on Wall Street led by technology stocks. Share benchmarks rose in Tokyo, Hong Kong and Sydney but fell in Seoul and Shanghai. U.S. futures were lower and oil prices pushed higher. Japan reported its trade deficit persisted in March as imports surged…
A look at the day ahead in U.S. and global markets from Mike Dolan A volte face in Treasury yields has improved investors’ mood considerably this week as excitement about U.S. disinflation builds despite conflicting signals from around the world. After bumpy start to the third quarter, stocks and bonds rallied together on Monday –…
By David Lawder WASHINGTON (Reuters) – The COVID-19 pandemic wreaked havoc on global supply chains but new International Monetary Fund research shows that more diversification of source countries and inputs can significantly reduce the economic drag from supply disruptions. In an analytical chapter of its forthcoming World Economic Outlook, IMF researchers said that countries experienced…
By Krystal Hu (Reuters) – ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, said an average of…
NEW YORK (Reuters) – New York Fed president John Williams declined on Friday to connect the current monetary policy outlook to new work of his that reconfirms major economies are still in a fundamentally low interest rate world. “I’m not going to opine on what monetary policy should or should not do” in light of…
(Reuters) -Alphabet Inc’s Google suspended the Play version of PDD Holdings Inc’s Pinduoduo app for security concerns, after malware issues were found on versions of the Chinese e-commerce app outside Google’s app store, a company spokesperson said on Tuesday. “Off-Play versions of this app that have been found to contain malware have been enforced on…
(Reuters) -Kim Kardashian is in talks with Coty to buy back a minority stake in her beauty firm from the fragrance and cosmetics company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The value of the stake hadn’t been determined and talks could fall apart, the report said, adding that…
By David Shepardson (Reuters) -Ford Motor said on Friday it had halted shipments of all 2024 model year F-150 Lightning electric pickup trucks, so it could perform quality checks for an issue it did not specify. The No. 2 U.S. automaker said the shipment halt began on Feb. 9. It did not say when it…
