Author: Reuters
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Frontier Lithium surges on JV with Mitsubishi for Canadian operations
(Reuters) -Frontier Lithium has formed a joint venture with Japanese trading house Mitsubishi to help advance lithium mining and processing in Ontario, sending the Canadian miner’s shares up 15% on Monday. The deal will help finance the PAK Lithium Project mine and a planned lithium chemicals conversion facility, Frontier said, as the company aims to…
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Suriname’s Staatsolie signs gas exploration deal with Petronas, Exxon
PARAMARIBO (Reuters) – Suriname’s Staatsolie said on Monday that Malaysia’s Petronas and U.S. oil giant Exxon Mobil have agreed to extend exploration of a gas discovery off its coast, and are considering the potential for a floating LNG project. Petronas and Exxon made a gas discovery in 2020 at offshore Block 52, but they considered…
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Tesla in talks with Thailand for production facility, says government official
BANGKOK (Reuters) – Electric vehicle (EV) maker Tesla is in talks with Thailand’s government for a potential production facility in the country having conducted a site survey late last year, an official from the prime minister’s office said on Monday. The Thai government has offered Tesla 100% green energy to run the facility that could…
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S&P 500, Nasdaq close at fresh records on AI boost, easing yields
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rose on Friday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, with further support from declining Treasury yields. The gains marked the second straight closing record for the Nasdaq, which also set an intraday record…
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Biden administration delays aviation fuel emissions model
By Jarrett Renshaw and Leah Douglas (Reuters) -The Biden administration on Friday said its new climate modeling for sustainable aviation fuel feedstocks will be released in a matter of weeks, marking a delay sources said was due to disagreements over details of the revisions. The slow progress on the revised modeling has frustrated the biofuels…
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Dollar dips on weak data, yen hurt by cautious BOJ
By Karen Brettell NEW YORK (Reuters) -The dollar fell against the euro on Friday on weaker than expected U.S. economic data but gained against the Japanese yen after Bank of Japan (BOJ) governor Kazuo Ueda said it was too soon to declare victory on inflation. In cryptocurrencies, bitcoin held just below a more than two-year…
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Vista Outdoor gets $2.9 billion takeover offer from investment firm MNC Capital
By Abigail Summerville and Ananya Mariam Rajesh (Reuters) -Investment firm MNC Capital has offered to buy sporting goods and outdoor products company Vista Outdoor for $2.9 billion including debt, it said on Friday, challenging Vista’s planned sale of its sporting goods business to a foreign buyer. MNC Capital said it submitted a proposal for $35…
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Dell rides on the AI wave to new record high
By Yuvraj Malik (Reuters) -Dell Technologies shares surged 25% to hit a record high on Friday, following an upbeat annual forecast that indicated the tech equipment maker was benefiting from the AI boom. The stock climbed to $118.8, and was set to add $17.7 billion to the company’s market value and on track to register…
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Biden touts drop in crime rates during White House meeting with police chiefs
By Jeff Mason WASHINGTON (Reuters) – President Joe Biden on Wednesday celebrated large drops in crime rates across the U.S. last year during a White House meeting with police chiefs from major cities which suffered sharp spikes in homicides and violent crime during the COVID-19 pandemic. The event offered Biden the opportunity to thwart criticism…
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Dollar bounces before inflation data, bitcoin hits two-year high
By Karen Brettell NEW YORK (Reuters) -The dollar jumped against the euro and yen on Wednesday as investors positioned for U.S. and European inflation data due on Thursday, with month-end portfolio rebalancing also likely to sway market direction. Bitcoin hit a more than two-year high, benefiting from strong overall market liquidity. Brad Bechtel, global head…