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Reuters

Dec 1, 2022, 5:19 AM

Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims

Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.

1 Min

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  Reuters | Dec 1, 2022

  Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data

  World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.

  3 mins read
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  Reuters | Dec 1, 2022

  Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms

  Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.

  2 mins read
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  Reuters | Dec 1, 2022

  Taiwan President Says She Looks Forward To Producing 'Democracy Chips' With U.S

  Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.

  2 mins read
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  Reuters | Dec 1, 2022

  GM, LG Energy Joint Venture Ohio Battery Plant Begins Production

  A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Dives Nearly $6 A Barrel On Demand Fears, Iraq Exports

  Oil prices fell nearly $6 a barrel, the steepest decline in about a month, on fears that fuel demand could soften as global central banks hike rates to fight surging inflation, and as unrest in Iraq failed to dent the OPEC nation's crude exports.

  3 mins read
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  Reuters | Dec 1, 2022

  This Decade's Oil Boom Is Moving Offshore - Way Offshore

  Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast.

  5 mins read
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  Reuters | Dec 1, 2022

  Oil Prices Climb 1% As U.S. Fuel Inventories Fall

  Oil prices recovered slightly as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes.

  2 mins read
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  Reuters | Dec 1, 2022

  Musk Looks To Delay Twitter Trial Following Whistleblower Claims

  Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.

  3 mins read