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02 Apr

Brazil's Petrobras CEO appointee may face conflict of interest probe

The prosecutor's office at Brazil's federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro's appointment of Adriano Pires as chief executive of state-run oil company Petroleo Brasileiro, for a possible conflict of interest.

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02 Apr

Egypt's Suez Canal Q1 revenue at $1.69 billion - statement

Egypt's Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority said in a statement on Saturday.

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01 Apr

Meta no longer requiring COVID booster shots for staff in U.S. offices

Facebook-owner Meta is no longer requiring employees to have COVID-19 boosters to enter its offices in the United States, a company spokesperson said on Friday.

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02 Apr

ECB expects to hike rates after ending bond buys in Q3: Schnabel

The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB board member Isabel Schnabel said on Saturday.

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01 Apr

U.S. unemployment rate drops to 3.6% as labor market rapidly tightens

U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the Federal Reserve in May.

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02 Apr

Exclusive-Peru targets copper price windfall in dialed-back tax reform, minister says

Peru, the world's no. 2 copper producer, will target "excess profits" that mining firms have gained from soaring global metals prices for extra taxation, the country's economy minister told Reuters.

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01 Apr

U.S. labor market powers ahead; unemployment rate drops to 3.6%

U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the Federal Reserve in May.

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