By Gavin Maguire LITTLETON, Colorado (Reuters) -Drops in power generation from wind farms, hydro dams and nuclear reactors has forced the operator of the electric grid in Texas – one of the largest power systems in the United States – to boost fossil fuel use and emissions so far this year. Rising use of air…
By KyawSoe Oo and Ismail Shakil BRAMPTON, Ontario (Reuters) – Canadian and U.S. authorities said on Wednesday six people have been arrested and three more are being sought in connection with what they called the largest gold heist in Canadian history — a cargo of over C$22 million ($16 million) in gold and currency. The…
By Andy Home LONDON (Reuters) -The commodities super cycle is back with a vengeance if copper’s performance since the start of the month is anything to go by. London Metal Exchange (LME) three-month copper touched $9,640.50 per metric ton on Monday, its highest trade since June 2022. The Friday announcement of new U.S. and UK…
By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious U.S. Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings. Benchmark U.S. Treasury yields and the dollar eased back from multi-month highs, while gold backed down from its all-time high. All three major…
SAO PAULO (Reuters) – Economic activity in Brazil rose for the fourth straight month in February, a central bank index showed on Wednesday. The IBC-Br economic activity index, considered a leading indicator of gross domestic product, increased by a seasonally adjusted 0.4%, matching expectations from analysts polled by Reuters, and following a revised 0.52% increase…
By Saeed Azhar and Matt Tracy (Reuters) -U.S. regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector remains under pressure a year after the collapse of Silicon Valley Bank and Signature Bank. Most multifamily loans are made by regional…
