By Lawrence Delevingne (Reuters) – U.S. stocks extended their July rebound on Friday, with the dollar and some longer-term Treasury yields dipping, as traders acted on positive corporate news despite increased labor costs and other inflation indicators…
Nord Stream gas row deepens as Gazprom airs new complaints on turbine
MOSCOW (Reuters) – Delivery of a Nord Stream 1 gas turbine to Germany from Canada after maintenance was not in line with the contract, Gazprom’s senior manager said on Friday, stepping up criticism of manufacturer Siemens Energy. The comments signalled…
Fed’s aggressive rate-hike path bolstered by new inflation, wage data
By Ann Saphir and Howard Schneider (Reuters) – Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling before the U.S. central bank will let up on what’s so far been its most aggressive set of inte…
London’s High Court rules against Venezuela’s Maduro in $1 billion gold battle
By Marc Jones LONDON (Reuters) – London’s High Court has rejected President Nicolas Maduro’s latest efforts to gain control of more than $1 billion of Venezuela’s gold reserves stored in the Bank of England’s underground vaults in London. The court rul…
U.S. appeals court upholds FAA rules on drone identification
By David Shepardson WASHINGTON (Reuters) – A U.S. Appeals Court on Friday upheld rules set by the Federal Aviation Administration (FAA) requiring drones to have remote identification technology to enable them to be identified from the ground. The rules…
Chevron says ‘can do it all’, after record profit and buyback lift
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high prices for natural gas and oil, and boosted its share buyback target. The oil major posted second-quarter net …
Austrian spy firm accused by Microsoft says hacking tool was for EU states
By James Pearson LONDON (Reuters) – An Austrian firm which Microsoft said created malicious software that was detected on the computer systems of some of its clients in at least three countries has said its spying tool “Subzero” was for official use in…
Russia’s offline primary oil refining capacity revised up by 34% for August
MOSCOW (Reuters) – Russia’s idled primary oil refining capacity was revised up to 2.591 million tonnes in August, up 34% from the previous estimate, sources citing refinery maintenance data and Reuters calculations showed on Friday. The offline primary…
Evergrande offers sweetener for debt revamp as China property crisis worsens
By Clare Jim and Xie Yu HONG KONG (Reuters) – China Evergrande Group will offer its offshore creditors asset packages that may include shares in two overseas-listed units as a sweetener, the developer said on Friday, as a stifling liquidity crisis in t…
Explainer-What’s next for China Evergrande after a restructuring proposal?
By Clare Jim HONG KONG (Reuters) – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the …