Brazil’s haunting graveyard of ships risks environmental disaster, warns activist group

Brazil’s haunting graveyard of ships risks environmental disaster, warns activist group

GUANABARA BAY, Dec 29 (Reuters) – On a stormy evening in mid-November, a huge, abandoned cargo ship broke free of its moorings and slowly floated into the massive concrete bridge that carries cars across Brazil’s Guanabara Bay to Rio de Janeiro. Brazil’s navy said the 200-meter-long (660-ft.) Sao Luiz, a rust-spattered bulk carrier built in … Read more

Wall St closes slightly higher after four-day sell off

Wall St closes slightly higher after four-day sell off

BOJ policy shift knocks global sentiment Tesla falls 8% after brokerages cut PT Energy stocks lead gains on crude support Indexes up: Dow 0.28%, S&P 0.10%, Nasdaq 0.01% Dec 20 (Reuters) – Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors fretted about weak holiday shopping and rising bond yields … Read more

Foxconn unit to sell stake in Chinese chip firm Unigroup

Foxconn unit to sell stake in Chinese chip firm Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to … Read more

Twenty oil tankers halted near Istanbul in insurance dispute

Twenty oil tankers halted near Istanbul in insurance dispute

Backlog unsettling oil and tanker markets Turkey says out of question to take insurance risk Yellen says oil from Kazakhstan should not be targeted Ankara says most of waiting ships are EU vessels ISTANBUL, Dec 9 (Reuters) – The number of oil tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on … Read more

Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more

U.S. House to vote to block rail strike despite labor objections

U.S. House to vote to block rail strike despite labor objections

WASHINGTON/LOS ANGELES, Nov 29 (Reuters) – The U.S. House of Representatives was set to vote Wednesday to block a rail strike that could potentially happen as early as Dec. 9, after President Joe Biden warned of dire economic consequences and massive job losses. House Speaker Nancy Pelosi said lawmakers will vote Wednesday to impose a … Read more

Brazil government seeks to clear truckers’ pro-Bolsonaro blockades

Brazil government seeks to clear truckers’ pro-Bolsonaro blockades

SAO PAULO, Nov 1 (Reuters) – Brazilian authorities sought on Tuesday to curtail truckers’ blockages protesting the country’s presidential election results after signs they were disrupting fuel distribution, meat production, and the ability to send grains to port. Blockades were first reported on Sunday amid spreading demonstrations by truckers and other supporters of Brazilian President … Read more

Brazil’s Bolsonaro to break silence and accept defeat, minister says

Brazil’s Bolsonaro to break silence and accept defeat, minister says

BRASILIA/SAO PAULO, Nov 1 (Reuters) – Brazil’s far-right President Jair Bolsonaro will not contest his electoral defeat and plans to address the nation later on Tuesday, his Communications Minister Fabio Faria told Reuters, as a growing number of political allies advised him to concede. Some of Bolsonaro’s hardline supporters have called for military intervention to … Read more

Trucker blockades in Brazil increase in wake of Bolsonaro election defeat

Trucker blockades in Brazil increase in wake of Bolsonaro election defeat

SAO PAULO, Oct 31 (Reuters) – Truckers who support Brazil’s outgoing President Jair Bolsonaro escalated their protests on Monday, blocking roads throughout the country in actions that could affect exports in one of the world’s top food producers and cause wider economic chaos. Bolsonaro lost Sunday’s election to leftist former President Luiz Inacio Lula da … Read more