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The Biden administration granted oil refiner Citgo Petroleum a Jones Act shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.
Citigroup Inc has tapped a former Credit Suisse banker to shake up the leadership of its alternative assets franchise in Europe, the Middle East and Africa in a bid to win more business from clients spanning pension funds and sovereign investors.
Ireland’s High Court on Friday rejected a Facebook bid to block an inquiry by the Irish data regulator that could halt Facebook’s data flows from the European Union to the United States.
Facebook said on Friday it would defend its compliance with European Union privacy laws after the Irish High Court threw out its objections to an investigation opened by the Irish Data Protection Commission (IDPC).
European Central Bank policymakers set the stage for a June 10 showdown over the future of their emergency bond purchases when they met in April but stopped short of discussing their next move, the account of their meeting showed on Friday.
Britain and Ireland will work together to maintain smooth trade between Britain, Northern Ireland and Ireland, the leaders of Britain and Ireland said on Friday after meeting at Prime Minister Boris Johnson’s country residence.
Britain’s financial watchdog on Friday proposed a tougher “duty” on companies to protect consumers from scams and mis-selling, saying it will drive a shift in culture and behaviour.
Taiwan Semiconductor Manufacturing Co is weighing plans to pump tens of billions of dollars more into cutting-edge chip factories in the U.S. state of Arizona than it had previously disclosed, but is cool on prospects for an advanced European plant, people familiar with the matter told Reuters.
U.S. consumer sentiment unexpectedly dropped in early May as inflation worries sapped confidence in what had been a rapidly brightening economic outlook, a key survey showed on Friday.
U.S. business inventories increased moderately in March, likely restrained by shortages of raw materials, which have weighed on the production of motor vehicles and other goods.
A metal coatings plant in China’s manufacturing hub has been hit by price increases of up to 30% for raw materials including steel, aluminium, thinner and paint since the Chinese New Year in February.
U.S.-based Framework Ventures, the largest venture capital fund investing in blockchain-based decentralized finance, said on Friday it raised $100 million for its second fund, with participation from big U.S. institutional investors.
Workers at San Diego-based cannabis dispensary chain March & Ash have formed a union and ratified a collective bargaining agreement with UFCW Local 135, which represents workers in the grocery, health care, retail and cannabis industries, among others.
Local cannabis workers have inked the region’s first locally formed labor contract.
A Texas cafe owner is taking the Biden administration to court over alleged discrimination that prevents him from receiving COVID-19 relief grants because of his race and gender.
As the U.S. climbs out of a once-in-a-century pandemic, rising prices have led to increasing worry that rapid inflation could be just over the horizon.
Honda Motor Co on Friday reported a rebound to profit for the fourth quarter, helped by cost cuts, but warned semiconductor shortages and higher raw material costs would curb growth in the current year.
Toshiba’s European business has been hit by a cyberattack, a source familiar with the situation said on Friday, with public broadcaster NHK identifying the perpetrators as DarkSide, the group the U.S. FBI blamed for the Colonial Pipeline attack.
General Mills Inc said on Friday it would buy Tyson Foods Inc’s pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio.
Bitcoin was heading on Friday for its worst week since February, while dogecoin leapt by a quarter, as the latest tweets on cryptocurrencies from Tesla boss Elon Musk sent the digital coins on a wild ride.
UniCredit’s largest investor BlackRock voted against the remuneration package that last month turned the Italian bank’s new boss Andrea Orcel into one of Europe’s highest paid bank chiefs, a document showed on Thursday.
If you need cash in Myanmar, you have to get up early. Queues start forming outside banks at 4 a.m., where the first 15 or 30 customers are given a plastic token that will allow them to enter the bank when it opens at 9:30 a.m. and withdraw cash, according to more than a dozen people who spoke to Reuters.
Britain’s Serious Fraud Office (SFO) is investigating suspected fraud, fraudulent trading and money laundering at steel magnate Sanjeev Gupta’s GFG Alliance conglomerate, including its financing arrangements with collapsed Greensill Capital, it said on Friday.
Alphabet Inc’s Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled U.S. visa workers from having jobs in the country.
Two of Japan’s megabanks, Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group Inc (SMFG), on Friday forecast a drop in credit-related costs this year on expectations the economy will recover as vaccination proceeds.
The National Stock Exchange of India said on Friday that it has moved the Securities Appellate Tribunal to get access to 60 billion rupees ($816.77 million) of its revenue deposited into a separate account for more than four years.
Global investors continued to buy equity funds in the week ended May 12, driven by hopes of an economic rebound and expectations of faster vaccine rollouts to curb the pandemic.
The private-sector advisers to Japanese Prime Minister Yoshihide Suga on Friday called for raising minimum wages this fiscal year to stimulate private consumption as the world’s third-largest economy struggles to contain a prolonged coronavirus pandemic.
Alibaba affiliate Ant Group became China’s largest seller of non-money-market mutual funds in the first quarter, industry data showed, disrupting a market dominated by banks despite a regulatory crackdown.
South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, enhance production and further its investment in smart mobility solutions.
One of the highest U.S. inflation prints in decades has drawn a stifled yawn from bond markets, making it harder to see what – short of a dramatic and unlikely central bank rethink – could budge long-term borrowing rates much further.
Amazon will create 10,000 new permanent jobs in the United Kingdom in 2021, taking its total workforce in the country to more than 55,000, it said on Friday.
Investors are loading up on inflation protection, while starting to grow more cautious on rate-sensitive tech stocks as fears grow of a price uptick that may force the U.S. Fed to bring forward policy tightening, BofA’s weekly data showed on Friday.
Chinese video streaming platform iQiyi, majority-owned by Baidu, may be able to turn a profit in five years, its chief executive told Reuters in an interview.
As a strong U.S. first-quarter reporting season winds up, retailers are getting started – Walmart, Target, Home Depot, Lowe’s, L Brands and Ralph Lauren release results next week.
British consumer goods company Reckitt Benckiser Group has shortlisted bidders including Bain Capital, Carlyle Group and dairy producer Yili to submit binding offers for its Greater China infant formula business, sources said.
Japan’s exports likely grew more than 30% year-on-year in April, the most in more than a decade, a Reuters poll showed on Friday, but the base effect was a major factor after last year’s steep decline due to the initial impact of the coronavirus pandemic.
Rail operator CSX and the Canadian fuel distributor Parkland also targeted in attacks
U.S. investors grappling with the latest stock volatility and evidence of inflation say they have been positioning themselves for more unexpected kinks in the road to recovery.
The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, up from a prior estimate of $61 billion, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million vehicles.
Japan’s economy is set to grow much slower than previously hoped this quarter, hobbled by extended emergency measures put in place to halt a rise in coronavirus infections, a Reuters poll showed.
Amazon.com Inc is in talks with Japanese power utilities and trading houses to build a renewable power plant in Japan to procure clean energy for its local data centres, the Nikkei reported late on Thursday.
SoftBank Group Corp on Wednesday reported a record 4.03 trillion yen ($37 billion) Vision Fund unit profit from a fourth-quarter gain on Coupang, putting it among the world’s top earning firms a year after an unprecedented loss.
DBS Group said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans.
After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels to East Coast states after throwing off a crippling cyberattack.
Singapore Telecommunications Ltd said on Friday it has begun a strategic review of digital marketing arm Amobee and cyber-security business Trustwave.
Walt Disney Co’s streaming growth fell short of Wall Street estimates on Thursday after seeing strong consumer demand early in the pandemic, while the company’s quarterly profit topped forecasts.
The Federal Reserve’s preferred inflation gauge would have to hit a high of 2.8% to discomfort U.S. policymakers, according to a Reuters poll which also suggested the central bank would tolerate that rate for three months at least before it acts.
Japan’s government is not considering crafting a supplementary budget to respond to the coronavirus pandemic immediately given there’s still money left to tap in the emergency budget reserve, Finance Minister Taro Aso said on Friday.
China’s Semiconductor Manufacturing International Corp (SMIC) said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year.
At his factory in Tokyo, Shigeki Kato has a grim strategy to deal with rising costs that threaten profit margins: grin and bear it.
Technology stocks helped Wall Street’s main indexes rebound on Thursday after three sessions of declines, as data showing fewer Americans filed for weekly jobless claims bolstered confidence in a U.S. economic recovery.
