By Shariq Khan BENGALURU (Reuters) -Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month highs in the previous session. Brent crude fell $1.24, or 1.4%, to settle at $86.09 a barrel, only the second time this month that the…
LONDON (Reuters) – U.S. President Joe Biden did not discuss the leak of intelligence documents with British Prime Minister Rishi Sunak when the two men met in Northern Ireland this week, White House press secretary Karine Jean-Pierre said on Thursday. “It did not come up, the leaked documents, in that conversation,” she told reporters in…
By Mike Scarcella (Reuters) – Food and drug retailer Kroger Co on Wednesday asked a U.S. judge to dismiss as “speculative” a consumer antitrust lawsuit alleging the company’s proposed $24.6 billion acquisition of rival Albertsons Companies Inc would lessen grocer competition and drive up prices. Lawyers for Kroger said in a filing in California federal…
By Bart Biesemans, Layli Foroudi and Ingrid Melander PARIS (Reuters) -Union activists barged into the Paris headquarters of luxury goods company LVMH on Thursday, saying the French government should shelve plans to make people work longer for their pension and tax the rich more instead. In a 12th day of nationwide protests since mid-January, striking…
By Diane Bartz WASHINGTON (Reuters) -Google faced pointed questions from a judge on Thursday as it argued that the U.S. Justice Department’s allegations that it broke antitrust law to build and maintain its dominance of search are flawed and that the agency’s lawsuit should be thrown out. The government, which filed its lawsuit in the…
By Eric Onstad and Niket Nishant LONDON/BENGALURU (Reuters) -JPMorgan Chase & Co has dropped or cut credit lines to a large number of Indian metals clients, sending them looking for new brokers, the head of Nanhua Financial UK told Reuters. JPMorgan declined to comment. Reuters reported last September that JPMorgan had pared back credit to…
By Sabrina Valle HOUSTON (Reuters) -U.S. oil bosses generally collected huge paychecks last year on the back of high energy prices and record profits, with Exxon Mobil Corp’s <XOM.N> chief executive winning a 52% increase. The largest U.S. oil company on Thursday disclosed Chief Executive Darren Woods was paid $35.9 million last year. Oil company…
(Reuters) – Wells Fargo has named Saul Van Beurden as the chief executive officer of its consumer and small business banking (CSBB) unit, effective May 15, it said on Thursday. Van Beurden will continue to report to the bank’s CEO Charlie Scharf. A former JPMorgan Chase executive, Van Beurden joined Wells Fargo in 2019 and…
BEIJING (Reuters) – China’s Foreign Ministry on Thursday sanctioned U.S. Representative Michael McCaul, chairman of the House of Representatives Foreign Affairs Committee, for visiting Taiwan, saying he had sent a “serious wrong signal to Taiwan independence separatist forces.” China views democratically governed Taiwan as its own territory and strongly objects to all high-level engagements between…
By Terje Solsvik and Nerijus Adomaitis OSLO (Reuters) – Norway is expelling 15 Russian embassy officials that the foreign ministry said on Thursday were intelligence officers operating under the cover of diplomatic positions, the latest such expulsion by a Western nation since Moscow invaded Ukraine. The Russian embassy in Oslo told Reuters Norway’s decision was…
