Article content Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that “has the effect” of Texas halting Citi’s ability to underwrite most municipal bond offerings in the state. Republicans have been ramping up pressure on the finance industry over environmental, social and governance […]
Article content Gold prices rose nearly 1% on Thursday, supported by a weaker dollar and some safe-haven demand as weak U.S. economic readings and hawkish comments from Federal Reserve officials fueled recession worries. Spot gold was up 0.9% to $1,920.70 per ounce at 12:44 p.m. ET (1744 GMT). U.S. gold futures rose 0.8% to $1,922.70. […]
Article content TORONTO — Hudson’s Bay Company has unveiled a list of the first 25 Zellers locations to open inside select Hudson’s Bay department stores across Canada. Article content This past August, HBC announced that it was reviving the Zellers banner, a decade after the discount chain closed most of its stores in Canada. The […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Ron Bousso Published Jan 18, 2023 • 2 minute read Join the conversation Article content LONDON — The British North Sea’s biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax […]
Article content LONDON — The European Union’s drug regulator has not identified any safety signals in the region related to U.S. drugmaker Pfizer Inc and German partner BioNTech’s updated COVID-19 shot, the agency said on Wednesday. On Friday, the U.S. Food and Drug Administration and the Centres for Disease Control and Prevention said that a […]
Article content MILAN — Italian asset manager Azimut expects to post a small loss on its business venture with UniCredit this year, but believes it will pay off in the longer term, its chairman said on Wednesday. “It’d be surprising if it didn’t show a slight loss for 2023 but there are doubtlessly profits ahead,” […]
Article content SAN FRANCISCO — Jury selection kicked off on Tuesday in a case brought by Tesla Inc shareholders who claim Elon Musk’s 2018 statement that funding was “secured” to take the electric car maker private amounted to fraud. The lawsuit in San Francisco federal court seeks damages for shareholders who bought or sold Tesla […]
Article content HOUSTON — The new head Venezuela’s state oil company PDVSA has suspended most oil export contracts while his team reviews them, according to an internal document seen by Reuters and two people familiar with the matter. The freeze is leading to port delays, as vessels that were loading have been sent away and […]
Article content India’s Maharashtra has entered a $2.5 billion partnership with Taiwan’s Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state, the parties said on Tuesday. The Indian company, Belrise Industries Ltd, and Gogoro will form an equal-stakes joint venture and invest the amount […]
Article content DAVOS, Switzerland (AP) — The World Economic Forum says billionaire Elon Musk wasn’t on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland — despite what the Twitter owner claims. Notables from European Union chief Ursula von der Leyen to actor Idris Elba are […]