By Marta Nogueira, Rodrigo Viga Gaier and Maria Carolina Marcello RIO DE JANEIRO/BRASILIA (Reuters) – The nomination of a Brazilian senator and longtime energy consultant to lead Petrobras sugge[...]
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Business
Next Petrobras CEO says he will change company’s fuel price policy
BRASILIA (Reuters) -The incoming chief executive of Brazil’s state-run oil company Petrobras said on Friday he planned to tweak the country’s fuel price policy, but said investors need not[...]
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Supreme dollar rules the roost in gold market
By Bharat Gautam and Swati Verma (Reuters) – Gold is poised to fall for the second year running in 2022 as aggressive interest rate hikes from the Federal Reserve fuelled a dollar rally that cha[...]
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Fidelity marks down value of Twitter stake by 56%
(Reuters) – Fidelity funds slashed the value of their Twitter stake by 56% in November, according to a monthly disclosure by the investment firm released on Friday, as the social media giant nav[...]
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Oil ends year of wild price swings with 2nd straight annual gain
By Laila Kearney NEW YORK (Reuters) -Oil prices swung wildly in 2022, climbing on tight supplies amid the war in Ukraine, then sliding on weaker demand from top importer China and worries of an econom[...]
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Bahamas regulator holds FTX assets pending delivery to customers, creditors
(Reuters) -The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver th[...]
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New Fed research flags rising risk of U.S. recession
By Michael S. Derby NEW YORK (Reuters) – Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in th[...]
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Audi workers in Mexico extend strike deadline to Jan. 11
MEXICO CITY (Reuters) – Worker representatives at German automaker Audi’s Mexico plant have extended a strike deadline to Jan. 11 from Jan. 1 as they aim to reach an agreement with the fir[...]
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Fed reverse repo facility hits record $2.554 trillion
By Michael S. Derby NEW YORK (Reuters) – A key facility the Federal Reserve uses to help control short-term interest rates saw record inflows on Friday, the final trading day of the year. The Ne[...]
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