HOUSTON (Reuters) -U.S. oilfield service provider Halliburton on Tuesday said Mexico's crude production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers.
Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% in May to 1.64 million barrels per day, according to official figures.
Oilfield service companies have significantly... (continue reading...)
By Chris Prentice
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has tapped a longtime official of the Public Company Accounting Oversight Board to lead the audit watchdog, after the agency's head pushed out its Democratic chief last week.
George Botic, a certified public accountant who has been a PCAOB board member since October 2023, will on Wednesday become the acting chair of the PCAOB, the SEC said in a statement late... (continue reading...)
FRANKFURT (Reuters) -German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales, a senior company official said on Tuesday.
Bosch will focus the plant mainly on manufacturing semiconductors, as making electronic control units is no longer competitive, a statement said.
"The European market for control units is highly price-driven and fiercely... (continue reading...)
By David Shepardson
WASHINGTON (Reuters) -U.S. officials told a Senate committee on Tuesday that there have been more than 3,000 drone events near American airports since 2021 including 11 aircraft this year that reported taking evasive action to avoid collisions.
Those drone incidents have caused significant fly delays at times near major airports, said Steven Willoughby, a counter drone official with the Homeland Security Department, who... (continue reading...)
CARACAS (Reuters) -A Venezuelan singer who spent months in a notorious prison in El Salvador returned to his family in Caracas overnight, one of the first of more than 250 former prisoners to arrive home after they were sent back to Venezuela last week.
Arturo Suarez was greeted with hugs and tears in working-class El Valle, south of the capital, by his sister, aunt and cousins. He later wiped away tears as he spoke to his wife and daughter, who live in... (continue reading...)
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