Business
Prices at the Pumps: An up and down week at the pumps
TSX set for muted start as falling oil counters gold gains
(Reuters) - Futures for Canada's main stock index were muted on Thursday as gains in metal prices were offset by declines in oil, while investors awaited fresh cues on the timing of interest rate cuts by central banks. June futures on the ...
Blackstone reports 1% rise in first-quarter earnings
By Chibuike Oguh NEW YORK (Reuters) - Blackstone Inc, the world's largest private equity firm, said on Thursday that its first-quarter distributable earnings rose 1% year-on-year supported by growth in fee-related earnings that was partly offset ...
Google terminates 28 employees for protest of Israeli cloud contract
(Reuters) - Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company's cloud contract with the Israeli government. The Alphabet unit said a small number of protesting employees entered ...
Dollar's dominant reserve currency status to endure, says Morgan Stanley
LONDON (Reuters) - The U.S. dollar's dominant reserve currency status is likely to endure partly because credible challengers, including the Chinese yuan, are lacking, Morgan Stanley said in a report on Thursday. Concerns about a surge in U.S.
U.S. homebuilder D.R. Horton profit rises on tight housing supply
(Reuters) - D.R. Horton posted a rise in quarterly profit on Thursday, as tight housing supply in the United States lifted home sales. Net income for the largest U.S. homebuilder in the second quarter ended March rose to $1.2 billion, or $3.52 ...
Basel Chair urges banks to fully implement capital rules as soon as possible
MADRID (Reuters) - Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully implement the so-called Basel III international capital rules "as soon as possible" across jurisdictions to ensure financial stability. The Basel ...
Analysis-Paraguay on track for record soy crop, but low river levels slow exports
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) - Paraguay is headed for a record soybean harvest but exporters are worried about low river levels that are slowing shipments along the key Paraguay-Paraná waterway, with a drought in ...
Exclusive-Mexico, facing US pressure, will halt incentives to Chinese EV makers
By Diego Oré MEXICO CITY (Reuters) - Mexico's federal government, under pressure from the U.S., is keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV ...
Brazil's plans to drill for oil in the Amazon hit stiff Indigenous resistance
By Marta Nogueira and Fabio Teixeira OIAPOQUE, Brazil (Reuters) - State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising ...
German economy doing a bit better, Bundesbank says
FRANKFURT (Reuters) - The German economy likely expanded in the first quarter on an unexpected boost from industry and construction but there are still no signs of a meaningful recovery, the Bundesbank said in a monthly economic report. Germany's ...