Business

Chevron agrees to asset swap in Venezuela to focus on oil projects

Monday, April 13 by SRN News

By Sheila Dang, Marianna Parraga and Deisy Buitrago CARACAS/HOUSTON, April 13 (Reuters) - Chevron signed two agreements on Monday to expand operations at Venezuela's vast Orinoco Belt, including an asset swap adding an extra heavy crude area to its main project while returning an offshore... Read More.

Brazil’s top labor inspector fired for adding China’s BYD to ‘dirty list,’ sources say

Monday, April 13 by SRN News

By Fabio Teixeira RIO DE JANEIRO, April 13 (Reuters) - Brazil's secretary of labor inspection was fired for adding https://www.reuters.com/sustainability/sustainable-finance-reporting/brazilian-government-blacklists-chinese-automaker-byd-labor-violations-2026-04-07/ Chinese automaker BYD to a registry of employers accused of subjecting workers to conditions described by the government as similar to slavery, two people close... Read More.

Exclusive-Manulife Investment Management eyes Cellnex Swiss business, sources say

Monday, April 13 by SRN News

By Amy-Jo Crowley and Andres Gonzalez LONDON, April 13 (Reuters) - Spain's Cellnex is in talks to sell its stake in its Swiss unit to Toronto-listed Manulife Financial Corporation's investment management unit, according to two sources with knowledge of the situation. Manulife has been working with... Read More.

NY Fed says paper loss on bond holdings shrank last year

Monday, April 13 by SRN News

By Michael S. Derby April 13 (Reuters) - The Federal Reserve Bank of New York said on Monday that the U.S. central bank had a smaller unrealized loss on its expansive bond holdings last year relative to 2024. The paper loss on 2025 holdings stood at... Read More.

Middle East war drives up Codelco copper costs in Chile

Monday, April 13 by SRN News

By Fabian Cambero SANTIAGO, April 13 (Reuters) - Price surges due to the Middle East war have raised costs for the world's top-producing copper miner Codelco, yet the Chilean state-run firm is still on track to meet its 2026 production target, Chairman Maximo Pacheco told... Read More.

Financial Stability Board chair warns of stability “triple whammy” as funding conditions tighten

Monday, April 13 by SRN News

WASHINGTON, April 9 (Reuters) - The global financial system has so far absorbed the economic shock caused by the Iran war, partly thanks to post-2008 crisis reforms, but rising funding costs may exacerbate growing stress in other parts of the system, the chair of... Read More.

Trading Day: US stocks gain, dollar dips on hopes for Iran war negotiations

Monday, April 13 by SRN News

By Stephen Culp NEW YORK, April 13 (Reuters) - Wall Street's main indexes rallied to close sharply higher on Monday as hopes for de-escalation in the Middle East helped investors look past the failed U.S.-Iran talks and focus on the start of first-quarter earnings season. I... Read More.

FedEx CFO John Dietrich to step down

Monday, April 13 by SRN News

April 13 (Reuters) - FedEx said on Monday Chief Financial Officer John Dietrich would step down, effective June 1, after the parcel firm completes the spinoff of FedEx Freight into a publicly traded company. The company said Claude Russ, finance enterprise vice president, will serve... Read More.

How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

Monday, April 13 by SRN News

A blockade of Iranian ports that President Donald Trump said began Monday could further disrupt oil prices, has spurred questions about international law and leaves doubts about whether the pressure tactic will force Tehran to reopen the vital Strait of Hormuz. Trump threatened to impose... Read More.

Surging oil prices spark protest in Haiti as workers demand salary increases

Monday, April 13 by SRN News

PORT-AU-PRINCE, Haiti (AP) - More than 1,000 workers organized a protest Monday in Haiti's capital to demand a higher minimum wage as the conflict in Iran deepens, driving up oil prices. Workers at the state-owned Metropolitan Industrial Park, informally known as Sonapi, gathered outside its... Read More.

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Current Weather

Chevron agrees to asset swap in Venezuela to focus on oil projects

Exclusive-Manulife Investment Management eyes Cellnex Swiss business, sources say

NY Fed says paper loss on bond holdings shrank last year

Middle East war drives up Codelco copper costs in Chile

Financial Stability Board chair warns of stability “triple whammy” as funding conditions tighten

Trading Day: US stocks gain, dollar dips on hopes for Iran war negotiations

FedEx CFO John Dietrich to step down

How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

Surging oil prices spark protest in Haiti as workers demand salary increases

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