Author: Press Room
© Reuters. A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration By Rae Wee SINGAPORE (Reuters) – The battered yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan’s (BOJ) ultra-easy monetary policy settings remained at odds with the prospect of higher-for-longer rates elsewhere. The Japanese currency similarly slumped to a 15-year low of 162.38 per euro in early Asia trade and slid to a roughly three-month trough of 186.25 per British pound. Against the dollar, the yen last stood at…
© Reuters. The Rivian name and logo are shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. REUTERS/Mike Blake (Reuters) – Rivian (NASDAQ:) Automotive plans to raise nearly $15 billion in debt to help build an electric vehicle manufacturing plant in Georgia, the EV maker said on Monday. The taxable bonds would be issued by the Georgia Department of Economic Development and the Joint Development Authority of Jasper, Morgan, Newton and Walton Counties, according to an agreement on Nov. 9, it said in a securities filing, adding that Rivian has agreed to purchase…
© Reuters. Department of Energy officials lead reporters on a tour of the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson WASHINGTON (Reuters) – The U.S. has bought 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after selling the largest amount ever from the stockpile last year, the U.S. Energy Department said on Monday. The department said it bought the oil at an average price of $77.57 a barrel from two companies after 18 bids were submitted. The administration of President Joe Biden last year conducted the largest ever sale from the…
Drew Angerer Billionaire investor Seth Klarman’s Baupost made yet another about-turn on Amazon.com (NASDAQ:AMZN), having exited its stake in the tech and retail giant in Q3 2023 after retaking a position in the previous quarter. The fund also disposed off its holdings in railroad operator Union Pacific (NYSE:UNP), while taking in stakes in Israel-based Tower Semiconductor (NASDAQ:TSEM) and infrastructure and engineering firm Jacobs Solutions (NYSE:J). Baupost disclosed the information in its latest 13F filing for the three months ended September 30, 2023, published on Monday. The fund in Q3 shed the nearly 964K shares in Amazon (AMZN) it had retaken…
Paul Pelosi, husband of former House Speaker Nancy Pelosi, took the stand Monday in the trial of David DePape, the man who brutally attacked him with a hammer in the couple’s San Francisco home last year. During the proceedings, Pelosi recalled being bludgeoned during the Oct. 28, 2022 attack in the middle of the night. “The door opened and a very large man came in with a hammer in one hand and some ties in the other and he said, ‘Where’s Nancy’ as I think that woke me up,” he said. “I’m asleep and he bursts in the door and that woke…
Organization of Petroleum Exporting Countries (OPEC) has criticized “overblown” negative oil market … [+] sentiment in its latest monthly report published on November 13, 2023. (Photo: STR/NurPhoto via Getty Images)NurPhoto via Getty Images The global oil market was greeted on Monday (November 13, 2023) by crude producers group OPEC’s swipe at “overblown” negative oil market sentiment in its latest monthly report. Despite predictions of elevated risk premiums owing to conflict in the Middle East and a joint Saudi-Russian output cut of 1.3 million barrels per day (bpd), global proxy benchmark Brent has failed to breach $100 per barrel levels. Quite…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Federal Deposit Insurance Corporation on Monday hired law firm BakerHostetler to review allegations of widespread sexual harassment, inappropriate behaviour and discrimination at the US banking regulator.In a video message sent to staff on Monday, FDIC chair Martin Gruenberg called the reports “serious” and vowed that the agency would not “turn a blind eye”. He reiterated a previous call for staff with evidence of inappropriate behaviour to come forward. Gruenberg said BakerHostetler would lead an independent “top to bottom” assessment of the…
© Reuters. FILE PHOTO: Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters at the Capitol in Washington, U.S., October 31, 2023. REUTERS/Kevin Lamarque/File Photo By Moira Warburton WASHINGTON (Reuters) -Top U.S. Senate Democrat Chuck Schumer on Monday expressed tentative support for House Republicans’ short-term funding bill that would keep the federal government open past this weekend. Schumer halted progress on the Senate’s proposed funding plan, a step that would allow the House to move first. This may encourage some House Democrats to back the plan if hardline Republicans deny Speaker Mike Johnson the votes for the bill he has…
3/3 © Reuters. An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. REUTERS/Roselle Chen 2/3 By Roselle Chen NEW YORK (Reuters) – Electric air taxis could be transporting passengers from JFK Airport to downtown Manhattan by 2025 – on quiet, emissions-free journeys that take around seven minutes. Manufacturer Joby Aviation (NYSE:) carried out an exhibition flight at the Downtown Manhattan Heliport in New York on Sunday, the city’s first-ever electric air taxi flight and the first time Joby has flown in an urban setting. The craft can…
BRF S.A. reports Q3 results