Business News from WN Network

Fight over funding threatens EU deal on new climate laws 2022-06-28
Reuters

Summary EU countries seek deals on new green policiesDispute over fund to shield citizens from CO2 costsCountries at odds over 2035 ban on fossil fuel cars LUXEMBOURG, June 28 (Reuters) - A dispute over how to shield poorer citizens from European Union policies to put a price on pollution is...

photo: Public Domain

Four big U.S. banks raise dividends after stress tests 2022-06-28
Reuters

NEW YORK/WASHINGTON, June 27 (Reuters) - Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Monday after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday the country's...

photo: AP / Richard Drew

'Not worth the risk': Palau, Fiji call for deep-sea mining moratorium 2022-06-28
Reuters

LISBON, June 27 (Reuters) - Concerned about the potential impacts of deep-sea mining on ocean biodiversity, the Pacific islands of Palau and Fiji on Monday launched an "alliance" to call for a moratorium of the nascent industry. The backing of a moratorium comes amid a wave of global...

photo: Creative Commons / svenimartini

Oklahoma reaches $250 mln opioid settlement with drug distributors 2022-06-28
Reuters

June 27 (Reuters) - Oklahoma has reached a $250 million settlement with AmerisourceBergen Corp (ABC.N), Cardinal Health Inc (CAH.N) and McKesson Corp (MCK.N) to resolve allegations the drug distributors contributed to the opioid epidemic in the state, Oklahoma Attorney General John O'Connor...

photo: AP / Patrick Sison

Heineken to expand Mexico operations with $90 million plant 2022-06-28
FX Empire

MEXICO CITY (Reuters) – Heineken will build a 1.8 billion peso, or $90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in the town of Mequoi, the company said on Monday. The plant, Heineken’s seventh in the country, will bring around 120...

photo: Unsplash / Smit Patel

Reuters, Dow Jones move to unseal ZTE case records 2022-06-28
Hindustan Times

ZTE, one of the world's top telecommunications...

photo: AP / Manu Fernandez

US-led rare earths pact satisfies South Korea’s ‘definite need’ to cut China dependency 2022-06-27
South China Morning Post

South Korea joined the US-led Minerals Security Partnership earlier this month alongside the likes of Germany, France, Britain, Australia and Japan in a move designed to reduce its dependency on China for key resources, including rare earths. ......

photo: Public Domain

Egypt to buy 180,000 tonnes of wheat from India 2022-06-27
The National

Egypt will buy 180,000 tonnes of wheat from India and is actively looking at ways to extract more flour from the grain and use potatoes to make bread as it moves to trim imports. The quantity is less than the 500,000 tonnes agreed on initially, Supply...

photo: GFDL / Lycaon

Dubai leads major Gulf bourses higher ahead of TECOM IPO 2022-06-27
Reuters

June 27 (Reuters) - Major markets in the Gulf rose on Monday, in line with Asian stock markets on improved market sentiment, with the Dubai index leading the gains ahead of TECOM Group's IPO. The prospect of more supply tightness loomed over the market as western governments sought ways to cut...

photo: AP / Kamran Jebreili, File

Column: Iron ore needs China stimulus action, not just words 2022-06-27
Reuters

LAUNCESTON, Australia, June 27 (Reuters) - Iron ore prices have slipped for three straight weeks, with the decline reflecting an evaporation in confidence over China's economic stimulus, which in turn threatens to hit demand for the steel raw material in coming months. Spot 62% iron ore for...

photo: AP / AP