MEXICO CITY (Reuters) – Mexico’s peso weakened nearly 23% this year to close the final day of trading at 20.82 pesos per U.S. dollar on Tuesday, the currency’s deepest drop against the greenback since the 2008 global financial crisis. The peso’s volatile year kicked off with months of steady gains until the days following June’s…
(Reuters) – U.S. bank Citigroup (NYSE:C) said on Tuesday it is exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions. This move makes Citigroup the third major U.S. lender to exit the group after Wells Fargo (NYSE:WFC) and Goldman Sachs, which both left earlier this…
Investing.com– The S&P 500 closed lower on the final day of trade for the year on Tuesday, but wrapped up a strong year, with a more than 20% gain. At 4:00 p.m. ET (21:00 GMT), the S&P 500 fell 0.4%, but ended the year up about 23%. The Dow Jones Industrial Average fell about…
(Reuters) – Japan’s Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel’s production capacity, as part of its efforts to secure President Joe Biden’s approval for acquiring the American steelmaker, the Washington Post reported on Tuesday. Last week, The Committee on Foreign Investment in the United States…
Investing.com — Nippon Steel is making a last-ditch attempt to win President Joe Biden’s approval for its $14.9 billion acquisition of United States Steel Corp (BVMF:USSX34), offering the U.S. government veto power over any cuts to U.S. Steel’s production capacity, The Washington Post reported Tuesday, citing a document sent to the White House on Monday….
Investing.com — The U.S. Treasury Department is planning to release guidance later this week on accessing tax credits for hydrogen production as part of the 2022 Inflation Reduction Act, according to two Reuters sources with knowledge on the subject. The much-anticipated guidance will provide a method for hydrogen produced via nuclear power to access these…
By Jonathan Stempel (Reuters) – A federal judge in Connecticut refused to dismiss a long-running lawsuit accusing the former Nestle (NS:NEST) Waters (NYSE:WAT) North America of defrauding consumers by labeling its Poland Spring bottled water as “spring water.” While rejecting some claims in the proposed class action, U.S. District Judge Jeffrey Alker Meyer in New…
(Reuters) – U.S. planemaker Boeing (NYSE:BA) is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32% as it bounced from one crisis to another. Rival Airbus rose more than 11% for the year, and the benchmark S&P 500 gained more than 23% during 2024. Boeing’s shares opened the…
Investing.com — In an attempt to secure approval for its acquisition of U.S. Steel, Nippon Steel has proposed giving the U.S. government a veto over any decrease in U.S. Steel’s production capacity, according to a document sent to the White House on Monday, as reported by the Washington Post. This move is designed to appease…
WASHINGTON (Reuters) – The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the…
