WASHINGTON (Reuters) – General Motors Co said Wednesday it will cut some truck production in North America because of the ongoing global semiconductor shortage. The largest U.S. automaker said its Flint Assembly plant that builds...
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For most emerging market central banks, the only way is up
By Marc Jones LONDON (Reuters) – While top central banks such as the Federal Reserve, the ECB and the Bank of Japan may be sitting on their hands as inflation rises, many of their peers in the big developing economies aren’t...
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A scandal cost Brazil billionaire bank CEO his job, but not control
By Tatiana Bautzer, Carolina Mandl and Jessica DiNapoli SAO PAULO/NEW YORK (Reuters) – Twenty-three days in a Rio de Janeiro jail and getting stripped of his chief executive role were enough to make billionaire banker Andre Esteves...
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Deutsche Bank’s international private bank unit hires seven bankers in Americas
(Corrects paragraph 2 to say bankers will “be part of the New York, San Francisco and Latin America teams”, not “be based in New York, San Francisco, Brazil and Mexico”) (Reuters) -Deutsche Bank’s...
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Exclusive-Pemex’s trading arm bans new business with Trafigura -sources
By Stefanie Eschenbacher and Julia Payne MEXICO CITY/LONDON (Reuters) – The commercial arm of Mexican state oil company Petroleos Mexicanos (Pemex) has temporarily banned new business with Trafigura AG, according to a document and a...
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Investors balk as bankrupt St. Croix refinery needs $1 billion to be viable
By Tim McLaughlin (Reuters) – The Limetree Bay refinery, which landed in U.S. bankruptcy court on Monday, needs at least $1 billion to finish a massive overhaul to continue as a viable operation, according to bankers, lawyers and...
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