Wednesday, 24 November 2021

Reuters Business: U.S. Justice Department to step up prosecution of unruly air passengers

U.S. Justice Department to step up prosecution of unruly air passengers

U.S. Attorney General Merrick Garland directed federal prosecutors on Wednesday to prioritize prosecution of airline passengers committing assaults and other crimes aboard aircraft.

Leadership shake-up to test Mexican central bank as inflation soars

Mexican President Andres Manuel Lopez Obrador's surprise shakeup of the nomination process for the Bank of Mexico's (Banxico) next chief has cast doubt over the bank's rate-tightening cycle as it battles to keep high inflation in check.

Pfizer sues departing employee it says stole COVID-19 vaccine secrets

Pfizer Inc has sued a longtime employee for allegedly stealing "scores" of confidential documents, including some related to its COVID-19 vaccine, as she prepared to jump to a competitor.

Biden White House wades into oil market management with stockpile release

U.S. President Joe Biden's decision to tap the nation's emergency oil stockpiles marks the first time in two decades that a president has used the reserve to tame energy prices instead of tackle a supply disruption.

Wall Street ends higher; Nvidia surge offsets Nordstrom, Gap slide

Wall Street ended higher on Wednesday, lifted by gains in Nvidia and other tech stocks, while Gap and Nordstrom shares tumbled following weak quarterly reports.

China so far non-committal to Washington's oil release, OPEC+ unmoved

China, the world's largest crude importer, was non-committal about its intentions to release oil from its reserves as requested by the United States, while OPEC producers were not considering changing tactics in light of the U.S. action, according to three sources in the group.

Dollar jumps on hawkish Fed, strong consumer spending data

The dollar gained broadly on Wednesday, reaching 16-month highs against the euro and an almost five-year top against the Japanese yen as investors bet that the U.S. Federal Reserve will tighten monetary policy faster than its peers.

Westpac NZ's risk governance needs 'significant improvement', says RBNZ

The Reserve Bank of New Zealand (RBNZ) said on Thursday Westpac's local unit needs to address risk governance and compliance concerns after an independent report highlighted "material shortcoming" in the board's oversight.

Company valuations and climate strategies are poles apart

Companies in the most polluting sectors that have invested in climate action often find themselves valued below peers that have been slower to do so, highlighting the difficulty of getting shareholders to back sustainability.

Wall Street ends higher; Treasury yields hold near highs after Fed minutes

Wall Street shares finished higher in choppy trading on Wednesday ahead of the U.S. Thanksgiving holiday as U.S. Treasury yields hovered near the year's highs.

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