Phillips 66 delays planned SRU maintenance at Borger, Texas refinery: filing
(Reuters) – Phillips 66 has decided to delay a planned maintenance on a sulfur recovery unit (SRU) that was scheduled for Friday at its 146,000 barrel-per-day Borger, Texas, refinery, a filing with the Texas Commision on Environmental Quality said.
Defying Najib, Malaysian students plan rally calling for 1MDB arrest
KUALA LUMPUR (Reuters) – Defying Malaysian Prime Minister Najib Razak’s crackdown on dissent, student activists made plans for a mass rally on Saturday to call for the arrest of an unnamed official who U.S. investigators say received $700 million skimm…
China, U.S. still in talks on trade pact despite challenges: Chinese commerce official
BEIJING (Reuters) – China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday.
Fed officials tell activists rate hikes won’t derail economy
JACKSON HOLE, Wyo. (Reuters) – An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise interest rates to keep the U.S. economy from eventually overheating.
Toshiba: Japan trunk bank sues it for $120 million over accounting scandal
TOKYO (Reuters) – Toshiba Corp said on Friday a Japanese trust bank was suing it for 12 billion yen ($119 million) for losses stemming from the company’s $1.3 billion accounting scandal last year.
As central bankers gather, some at Fed make interest rate rise case
JACKSON HOLE, Wyo. (Reuters) – As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improveme…
China urges Japan to be ‘constructive’ at G20 summit
BEIJING (Reuters) – Japan should play a “constructive” role at the upcoming G20 summit in the Chinese city of Hangzhou because cooperation is in the interests of all parties, China’s top diplomat told a visiting Japanese envoy.
GM cleared in second U.S. verdict over crash blamed on ignition switch
NEW YORK (Reuters) – A Texas jury said on Thursday a General Motors Co ignition switch, linked to nearly 400 injuries and deaths, was not to blame for a fatal 2011 crash, according to a company statement.
Wall St. slips on healthcare, consumer names; Fed eyed
NEW YORK (Reuters) – U.S. stocks were modestly lower on Thursday, weighed down by a drop in healthcare and consumer names, while financials advanced slightly after two more Federal Reserve officials pushed the case for a rate hike.
Russian lawmaker’s son convicted in U.S. for hacking scheme
(Reuters) – The son of a Russian lawmaker was convicted on Thursday on U.S. charges that he engaged in a scheme to hack into U.S. businesses in order to steal and sell credit card numbers, costing financial institutions more than $169 million.
