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Chile’s Zaldivar mine asks for more time to answer questions amid Atacama water concerns

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SANTIAGO (Reuters) – Chilean copper miner Antofagasta Plc said on Tuesday it would ask regulators for more time to answer questions about an environmental impact study for its Zaldivar mine, which draws water from Chile’s lithium-rich Atacama salt flat. Chilean regulators last year delayed their review of Zaldivar’s environmental study amid rising concerns over dwindling Read More

Exclusive: Investors with $34 trillion demand urgent climate change action

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LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, Read More

UPS will not join FedEx lawsuit against U.S. government

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(Reuters) – United Parcel Service Inc said on Tuesday it would not join a lawsuit FedEx Corp filed against the U.S. government that argues FedEx should not be held liable if it inadvertently shipped products in violation of an export ban. FILE PHOTO: The logo of United Parcel Service is seen at the new package Read More

BofA commodity arm fined by DOJ for trading practices

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FILE PHOTO: A Bank Of America logo is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri (Reuters) – Bank of America Corp’s commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday. Read More

Disney poaches Netflix film executive for streaming service

2 hours ago DieselGasoil Comments Off on Disney poaches Netflix film executive for streaming service
FILE PHOTO: The entrance gate to The Walt Disney Co is pictured in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni (Reuters) – Walt Disney Co said on Tuesday it had hired a top executive in Netflix Inc’s original film division, Matt Brodlie, to lead international content development for its upcoming family-oriented streaming service called Disney+. Read More

FedEx warns 2020 results to be hurt by trade war, shares fall 2%

3 hours ago DieselGasoil Comments Off on FedEx warns 2020 results to be hurt by trade war, shares fall 2%
FILE PHOTO: A Federal Express truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake (Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its Read More

Crude treads water as market looks to G-20 for direction

3 hours ago DieselGasoil Comments Off on Crude treads water as market looks to G-20 for direction
New York — Crude futures finished Tuesday’s session mixed as the market treaded water ahead of the G-20 summit beginning later this week in Osaka, Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE August Brent settled up 19 cents at $65.05/b while NYMEX August WTI fell 7 Read More

Instant view: Powell – Fed is ‘insulated’ from short-term political pressure

5 hours ago DieselGasoil Comments Off on Instant view: Powell – Fed is ‘insulated’ from short-term political pressure
(Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, U.S., Read More

Comcast’s SKY Italia appoints Maximo Ibarra as new CEO

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FILE PHOTO: Sky parabolic antennas are seen on roof of the Sky Italia buildings on the outskirts of Milan, Italy, April 27, 2016. REUTERS/ Stefano Rellandini MILAN (Reuters) – SKY Italia has appointed Maximo Ibarra as its new chief executive effective Oct. 1 as it expands its business, the Italian unit of U.S. media group Read More