Today: May 18, 2024
Today: May 18, 2024

Economy

Novo Nordisk is optimistic that Kalundborg fire won't delay expansion

COPENHAGEN (Reuters) -Novo Nordisk said on Thursday it was "optimistic" that a fire at a construction site in Kalundborg, Denmark, a key manufacturing hub, would not delay its plans to boost

Novo Nordisk is optimistic that Kalundborg fire won't delay expansion

US arrests two Chinese nationals in $73 million crypto scam

U.S. authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said on Friday.

US arrests two Chinese nationals in $73 million crypto scam

Fed's Bowman repeats she's willing to hike rates if needed

U.S.

Fed's Bowman repeats she's willing to hike rates if needed

Texas power demand to hit record high for month of May next week

Power use in Texas will likely break records for the month of May next week as homes and businesses crank up their air conditioners to escape a spring heat wave, the

Texas power demand to hit record high for month of May next week

Russia's Tuapse oil refinery halted after Ukrainian drone attack, sources say

A fire triggered by a Ukrainian drone attack on Russia's Tuapse oil refinery on the Black Sea coast has forced an emergency shut down of the refinery, two sources familiar with the

Russia's Tuapse oil refinery halted after Ukrainian drone attack, sources say

Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut

Super Hi International jumped 38% in its debut on Nasdaq, giving the operator of Chinese hotpot restaurant chain Haidilao a valuation of about $1.74 billion.

Haidilao restaurant operator Super Hi's shares surge 38% in strong US market debut

Citgo share bidders can be asked how accommodate bondholder claims, judge rules

(Reuters) -Bidders in a U.S. court auction of shares that will decide the ownership of Venezuela-owned U.S. oil refiner Citgo Petroleum can be required to say if their binding offers cover claims by

Citgo share bidders can be asked how accommodate bondholder claims, judge rules

Witness at Sen. Bob Menendez's bribery trial says meat-export monopoly made costs soar

A witness at Sen. Bob Menendez's bribery trial says the cost of certifying that meat sent to Egypt follows Islamic dietary requirements skyrocketed after a single U.S. company was given a monopoly in a cozy deal prosecutors say Menendez arranged

Witness at Sen. Bob Menendez's bribery trial says meat-export monopoly made costs soar

Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist at all

Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

Japan's economy shrinks on weak consumer spending, auto woes

Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined

Japan's economy shrinks on weak consumer spending, auto woes

Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina

Commuters in Buenos Aires are being hit by an abrupt 360% increase in subway fares

Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina

Tesla gets local council go-ahead for German factory expansion

Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric

Tesla gets local council go-ahead for German factory expansion

GameStop tumbles on capital raise plans after meme-stocks frenzy this week

Retail darling GameStop slumped 26% on Friday after the struggling videogame retailer said it would sell up to 45 million shares, taking advantage of the meme-stocks frenzy

GameStop tumbles on capital raise plans after meme-stocks frenzy this week

Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution

Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation

Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution

Some in Houston facing no power for weeks after storms cause widespread damage, killing at least 4

Harris County Judge Lina Hidalgo says it could take “weeks” for power to be restored in some parts of Houston following fierce storms with winds of up to 100 miles per hour

Some in Houston facing no power for weeks after storms cause widespread damage, killing at least 4

Hong Kong allows China's digital yuan to be used in local shops

Hong Kong will allow mainland China's pilot digital currency to be used in shops in the city, the head of its de facto central bank said on Friday, marking a step

Hong Kong allows China's digital yuan to be used in local shops

Factbox-From tax to green power, UK's Conservatives and Labour lock horns on economy

British Prime Minister Rishi Sunak's Conservatives and the opposition Labour Party are increasingly making the economy a battleground of their early election

Factbox-From tax to green power, UK's Conservatives and Labour lock horns on economy

UK imposes sanctions over Russia-North Korea ‘arms-for-oil’ trade

LONDON (Reuters) -Britain announced sanctions on Friday against three companies and one individual over what it called the "illicit ‘arms-for-oil’ trade" between Russia and North Korea.

UK imposes sanctions over Russia-North Korea ‘arms-for-oil’ trade

Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports

Tesla's chair of the board said the company needs to climb "Mount Everest" as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial

Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports

GM, LG agree on $150 million relief for Chevy Bolt EV owners over faulty batteries

(Reuters) -General Motors and South Korea's LG Energy Solution, LG Electronics reached a settlement to establish a $150 million fund to provide relief to Chevrolet Bolt EV owners affected by defective

GM, LG agree on $150 million relief for Chevy Bolt EV owners over faulty batteries

Toyota repeatedly halted Mexico plant after suppliers hit by worker shortage, sources say

Toyota Motor was forced to repeatedly halt production at a Mexico plant in February and March after local labour shortages snarled output at suppliers, according to

Toyota repeatedly halted Mexico plant after suppliers hit by worker shortage, sources say

Russia and China to sign Power of Siberia-2 gas pipeline contract 'in near future', says Novak

Russia and China expect to a sign a contract "in the near future" on the Power of Siberia-2 gas pipeline, which will carry Russian gas to China, Russian Deputy Prime Minister

Russia and China to sign Power of Siberia-2 gas pipeline contract 'in near future', says Novak

Take Five: The good, the bad and the ugly

Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.

Take Five: The good, the bad and the ugly

BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says

BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.

BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says

Dominican Republic`s Abinader looks set for first-round election win

The Dominican Republic's Luis Abinader, an anti-corruption crusader who helped catapult the island nation's economy from pandemic lows to one of the fastest growing in

Dominican Republic`s Abinader looks set for first-round election win
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