Exclusive: Venezuelan Juan Guaido’s team prepares to nominate its own Citgo board – sources
Advisers to Venezuelan Congress head Juan Guaido have proposed appointing executives Luisa Palacios, Angel Olmeta, Luis Urdaneta and Edgar Rincon to a transitional board for U.S. refiner Citgo Petroleum Corp, people close to the talks said on Tuesday.
Overseas tariffs sour U.S. whiskey exports
American whiskey makers are feeling the pain after their major overseas markets imposed hefty duties on their liquor in retaliation against President Donald Trump’s tariffs on aluminum imports.
One of the oldest U.S. refineries in trouble again in Philadelphia: court filings
Philadelphia Energy Solutions Inc, owner of the largest and oldest refinery on the U.S. East Coast, is facing another financial crisis just months after emerging from a controversial bankruptcy, according to two sources and a Reuters review of court fi…
Oil gains 1 percent after Saudi Arabia pledges more output cuts
Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels.
Blackstone to back ex-Eton Park partner with $150 million seed
Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday.
Pernod CEO pursues change and engages activist shareholder
Pernod Ricard will embrace change and continue “constructive” talks with activist investor Elliott Management, CEO Alexandre Ricard said on Tuesday while dismissing speculation that the company could become a takeover target.
Trump says he could let China trade deal deadline slip, ‘not inclined to’
U.S. President Donald Trump said on Tuesday that he could let the March 1 deadline for a trade agreement with China “slide for a little while,” but that he would prefer not to and expects to meet with Chinese President Xi Jinping to close the deal at s…
Venezuela turns to Asia as sanctions cut oil flow to U.S., Europe
Venezuela’s oil exports have tapered off and shifted toward Asia since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.
Fidelity, Schwab expand commission-free ETFs to over 500
Fidelity Investments, one of the world’s largest investment managers, said on Tuesday it had expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETFs.
Trump says could let March 1 deadline for China trade deal slide
U.S. President Donald Trump said on Tuesday that he could see letting the March 1 deadline for reaching a trade agreement with China slide a little, but that he would prefer not to and expects to meet with Chinese President Xi Jinping to close the deal…
