 | | | | Global commodities trader Trafigura Group has been holding talks with private equity groups to secure additional financing as soaring prices trigger margin calls across the commodities industry, Bloomberg News reported on Tuesday. | | | | | | Another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors. | | | | | | With Sarah Bloom Raskin withdrawing her nomination to become the Federal Reserve's regulation chief on Tuesday, the White House may be forced to opt for a new moderate candidate or leave the post open for the foreseeable future. | | | | | | The 2023 Cadillac Lyriq appears to be an early winner some two months before the first of the new electric crossovers begin arriving at U.S. dealers, General Motors officials said on Tuesday. | | | | | | Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion investment drive across Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers. | | | | | | Sarah Bloom Raskin on Tuesday withdrew as President Joe Biden's nominee to become the top bank regulator at the Federal Reserve, one day after a key Democratic senator and moderate Republicans said they would not back her, leaving no path to confirmation by the full Senate. | | | | | | A leading Generali shareholder on Tuesday proposed naming the Italian insurer's head of Austria as its new chief executive, in a challenge to the reappointment of Philippe Donnet. | | | | | | Wintershall Dea AG said on Tuesday Russian oligarch German Khan, who was sanctioned by the European Union, was stepping down from its board, causing further upheaval at the German oil company with several ties to Russia. | | | | | | Canada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said on Monday. | | | | | | EU antitrust regulators on Tuesday raided several automotive companies and associations in several countries on suspicion of breaching the bloc's cartel rules, while Britain's competition authority also launched a probe. | | | | | |
