By Adriana Barrera MEXICO CITY (Reuters) – Mexican state oil company Pemex’s newest refinery will reach half of its crude processing capacity in July, the national president said on Friday, marking the latest shift in timing for the project’s operations. The Olmeca oil refinery, being built next to the Dos Bocas port, is set to…
(Reuters) – Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of about $1.85 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor to about 16%. Walgreens said in a statement it would use the proceeds to pay down debt and for general corporate purposes. The…
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc’s chairman John Dugan defended the company’s efforts to fix its regulatory problems and bolster its stock at the bank’s annual meeting on Tuesday. “We completely understand” shareholders’ frustration with the share price, he said, after fielding several questions from shareholders on the topic. Investor dissatisfaction is likely…
BANGKOK (Reuters) -Thailand’s finance ministry has lowered the country’s 2023 economic growth outlook to 3.5% from 3.6% projected earlier, as tourism maintains strength but tepid global demand crimps exports, officials said on Wednesday. Exports, a key driver of the Thai economy, are forecast to contract 0.8% this year, compared with a previous forecast for a…
(Reuters) – Australia’s largest casino operator Crown Resorts Ltd said on Friday regulators in the state of Western Australia had cleared its $6.3 billion buyout by private equity giant Blackstone Inc, subject to several strict conditions. The approval follows nods from New South Wales and Victoria this week and clears another hurdle in Blackstone’s path…
BAGHDAD (Reuters) – Protesters stormed the Swedish embassy in Baghdad on Thursday and set it on fire in protest against the expected burning of a Koran in Sweden. The demonstration was called by supporters of Muqtada al-Sadr, 48, an influential Shi’ite cleric who commands the loyalty of hundreds of thousands of Iraqis. Here are some…
By Noah Browning LONDON (Reuters) -Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 34 cents, or 0.4%, to $91.89 a barrel at…
By Rod Nickel WINNIPEG, Manitoba (Reuters) – The number of wildfires raging out of control across Quebec dropped on Sunday as firefighters in the Canadian province gained the upper hand in some areas, a provincial minister said on Sunday. Quebec Natural Resources Minister Maite Blanchette Vezina said told reporters that the number of out-of-control fires…
LONDON (Reuters) – WhatsApp and other messaging services have united to oppose Britain’s plan to force tech companies to break end-to-end encryption in private messages in its proposed internet safety legislation. Meta-owned WhatsApp, Signal and five other apps signed an open letter saying the law could give an “unelected official the power to weaken the…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stocks closed lower on Monday, as investors were wary of betting on riskier assets before seeing the outcome of Russia’s aborted weekend mutiny. The rebellion by Russian mercenaries raised questions about President Vladimir Putin’s future. While Putin on Monday thanked mercenary fighters and…
