Exclusive-Peru targets copper price windfall in dialed-back tax reform, minister says

Peru, the world's no. 2 copper producer, will target "excess profits" that mining firms have gained from soaring global metals prices for extra taxation, the country's economy minister told Reuters.

newspaper

02-04-2022

Meta no longer requiring COVID booster shots for staff in U.S. offices

Facebook-owner Meta is no longer requiring employees to have COVID-19 boosters to enter its offices in the United States, a company spokesperson said on Friday.

newspaper

01-04-2022

U.S. unemployment rate drops to 3.6% as labor market rapidly tightens

U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the Federal Reserve in May.

newspaper

01-04-2022

U.S. labor market powers ahead; unemployment rate drops to 3.6%

U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the Federal Reserve in May.

newspaper

01-04-2022

Russia faces rising sugar prices, shortages as traders divert shipments

Commodity traders have started diverting sugar shipments away from Russia, according to industry sources and shipping data, a move set to further boost soaring domestic prices and ratchet up pressure on the Russian government to cool food inflation.

newspaper

01-04-2022

Auto logistics firm Gefco to buy out Russian shareholder

Auto transport company Gefco, co-owned by French-Italian carmaker Stellantis, said on Friday it will buy back the 75% of its shares that are held by Russian Railways (RZD) after it was placed under western sanctions.

newspaper

01-04-2022

U.S. manufacturing sector activity slows in March; input prices surge - ISM

U.S. manufacturing activity unexpectedly slowed in March as tight supply chains continued to drive input prices higher, but factories boosted hiring, allowing them to reduce the backlog of unfinished work.

newspaper

01-04-2022

Car sales in India rise but automakers warn of supply chain disruptions

Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global supply chain disruptions.

newspaper

01-04-2022

Auto logistics firm Gefco to buy back shares from Russian Railways

PARIS (Reuters) -Auto transport company Gefco, co-owned by French-Italian carmaker Stellantis, said on Friday it will buy back the 75% of its shares that are held by Russian Railways (RZD) after it was placed under western sanctions.

newspaper

01-04-2022