By Georgina McCartney HOUSTON (Reuters) – Oil is flooding out of Texas in the final weeks of 2023, as traders find outlets abroad for record U.S. production and dodge a hefty year-end tax bill on their inventories. U.S. crude exports, […]
Record output, tax dodge pushes up crude exports from US Gulf Coast Read More »
MADRID (Reuters) – Spanish workers at a logistics centre of giant online retailer Amazon in northern Spain are planning a three-day strike ahead of the Epiphany feast day on Jan. 6, when Spanish children receive holiday gifts, according to labor
Workers at Amazon logistics centre in Spain plan 3-day strike over wages Read More »
By David Shepardson WASHINGTON (Reuters) – Southwest Airlines agreed to a record-setting $140 million civil penalty over the December 2022 holiday meltdown that led to 16,900 flight cancellations and stranded 2 million passengers, the U.S. government said on Monday. The
Southwest Airlines agrees to $140 million penalty over 2022 holiday meltdown Read More »
(Reuters) – Gene sequencing company Illumina said on Sunday it will divest cancer diagnostic test maker Grail after the companies battled both U.S. and European antitrust enforcers for more than two years and faced fierce opposition from activist investor Carl
Illumina to divest cancer test maker Grail after antitrust battles Read More »
By Alex Lawler LONDON (Reuters) -Oil rose on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions and Russia’s plan to lower exports in December provided additional support. Shipping firms, including
Oil rises on Red Sea jitters, Russian export cut Read More »
By Amanda Cooper LONDON (Reuters) -The yen stood firm on Monday as the Bank of Japan (BOJ) kicked off a two-day meeting that could be crucial in determining the timing of the end of the central bank’s ultra-loose stance on
Yen holds ground ahead of key BOJ test; dollar slips Read More »
(Reuters) -Consumer goods giant Unilever on Monday said it would sell Elida Beauty, its non-core beauty and personal care division, to U.S. private equity firm Yellow Wood Partners. The financial terms of the deal, expected to be completed in mid-2024,
Unilever to sell Q-Tips maker Elida Beauty to Yellow Wood Read More »
SHANGHAI/SINGAPORE (Reuters) – Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts amid rising consumer defaults during an ailing post-COVID economic recovery. Issuance this year of securities
China banks step up sales of bad loans as consumer defaults rise Read More »
By Rae Wee SINGAPORE (Reuters) -The yen stood firm on Monday as the Bank of Japan (BOJ) kicked off its two-day monetary policy meeting, with traders awaiting a decision on whether the dovish central bank could finally unwind its ultra-loose
Yen holds ground ahead of critical BOJ test; dollar slips Read More »
By James Davey and Helen Reid LONDON (Reuters) – Supermarkets in the UK and Europe are offering more own-brand festive food from roast duck to truffle crackers as cash-strapped families spend on Christmas meals at home while cutting down on
Festive food and fizz top Europeans’ Christmas shopping list Read More »
