 | | | | California utility PG&E Corp has reached settlement agreements with district attorneys representing Northern California counties to avoid prosecution over two major wildfires, with the company agreeing to pay $55 million. | | | | | | New York pension officials on Monday said they will support shareholder resolutions filed at major banks seeking quick cuts to financing of new fossil fuel development, pushing climate issues to the fore of another springtime shareholder meeting season. | | | | | | Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt stress will be needed to stave off defaults, the IMF said on Monday. | | | | | | Oil executive Luis Giusti Lugo was removed from the board of directors of Houston-based refiner Citgo Petroleum, the chief of the company's supervisory body said on Monday. | | | | | | Activision Blizzard Inc has appointed former Accenture executive Kristen Hines as its new chief diversity, equity and inclusion officer, the "Call of Duty" maker that has been under fire for the culture at the company said on Monday. | | | | | | U.S. consumer prices likely increased by the most in 16-1/2 years in March as Russia's war against Ukraine boosted the cost of gasoline to record highs, resulting in annual inflation rising at its fastest pace since the early 1980s. | | | | | | A rally in U.S. credit markets after the U.S. Federal Reserve started hiking rates last month was short-lived and some corporate bonds hit new lows on Monday amid rising bond yields and concerns over the economic outlook. | | | | | | Ford Motor Co said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources NL facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal. | | | | | | The EMEA Credit Derivatives Determinations Committee (CDDC) has been asked on Monday whether a potential failure to pay occurred on Russia's hard-currency bonds, possibly bringing payout on billions of dollars in default insurance a step closer. | | | | | | Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings. | | | | | |
