Brewer AB InBev partners with Tilray to tap cannabis drink market
Anheuser-Busch InBev , the world’s largest brewer, and Canadian pot producer Tilray Inc are partnering in a $100-million joint venture to research cannabis-infused non-alcoholic drinks for the Canadian market, the companies said Wednesday.
Buffett profits as venture in Canadian mortgage business ends
Billionaire investor Warren Buffett is cutting ties with a Canadian mortgage business after a nifty trade that provided the company with a potential lifeline.
U.S. to remove sanctions from aluminum giant Rusal
The U.S. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminum giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea.
Fed hikes interest rates, slows future tightening path
The U.S. Federal Reserve raised interest rates on Wednesday and said it was keeping the core of its plan to tighten monetary policy intact even as central bank officials said they would likely slow the pace of further rate increases next year.
Instant View: Stocks sink after Fed raises rates, Powell comments on balance sheet
U.S. stock markets tumbled on Wednesday, reversing a morning rally after the U.S. Federal Reserve delivered an expected interest rate hike but signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global…
El Sharara oilfield to reopen, Libyan government says
Libya’s biggest oilfield, El Sharara, will reopen, the country’s internationally recognized government said on Wednesday after Prime Minister Fayez al-Sarraj flew there to persuade protesters to end a blockage.
Exclusive: Exxon Mobil secured U.S. hardship waiver from biofuels laws – sources
The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, three sources familiar with the matter told Reuters.
Brazil court ruling casts doubt over Petrobras asset sales
A Brazilian Supreme Court justice on Wednesday suspended a presidential decree establishing rules for Petroleo Brasileiro SA to sell upstream assets, casting a pall over the state-controlled oil company’s ambitious divestiture program.
Fed lifts rates, now sees ‘some further’ hikes ahead
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
Fed raises U.S. rates, signals tightening cycle nearing end
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
