Citigroup CEO says most clients can absorb 10% tariffs
NEW YORK (Reuters) -Citigroup CEO Jane Fraser said on Monday most of the bank’s clients could absorb U.S. tariffs of 10% the nation’s trading partners, but cautioned companies are waiting on investments and hiring until there is more economic...
Shell is studying merits of buying BP, Bloomberg News reports
(Reuters) -Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with...
OPEC+ agrees another accelerated oil output hike for June
By Ahmad Ghaddar, Maha El Dahan and Olesya AstakhovaLONDON/DUBAI (Reuters) -OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and...
Berkshire investors anticipate new era as Buffett hands over baton
By Jonathan StempelOMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about the loss of...
Putin says Russia has the strength to finish Ukraine operation
MOSCOW (Reuters) -President Vladimir Putin said in remarks published on Sunday that Russia had sufficient strength and resources to take the war in Ukraine to its logical conclusion, though he hoped that there would be no need to use nuclear weapons.Putin ordered...
Trump says won’t remove Fed chair Powell before term ends in 2026, TV interview
By Andrea ShalalWASHINGTON (Reuters) -U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board Chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the...
Big Oil earnings show split in production strategy, shareholder returns
By Sheila Dang and Shadia NasrallaHOUSTON/LONDON (Reuters) -Big Oil’s first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn sparked by a slump in oil prices to a four-year low in April.Investors were focused on...
US worker safety agency notifies employees of firings
By Valerie VolcoviciWASHINGTON (Reuters) -The Trump administration sent termination notices late on Friday to employees of a worker health and safety agency that provides research and services for coal miners, firefighters and others, despite appeals by a lawmaker...