ECONOMY & MARKETS

U.S. Supreme Court Turns Away Dakota Pipeline Operator's Appeal

A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., U.S., February 16, 2022.
The U.S. Supreme Court on Tuesday turned away a bid led by Dakota Access oil pipeline operator Energy Transfer LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes.

Dakota Access Pipeline Suffers U.S. Supreme Court Setback

A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., U.S., February 16, 2022.
The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access oil pipeline operator Energy Transfer LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down.
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FILE PHOTO - A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 18, 2022.

Ukraine Tensions, Home Depot Drag Wall Street Lower

Wall Street's main indexes slumped on Tuesday as the prospect of harsh Western sanctions against Russia over its conflict with Ukraine kept investors on edge, while a near 9% drop in Home Depot also weighed.
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ADM Sets Record For Single Soybean Shipment From Northern Brazil

U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal (TGPM), located in the northern Brazilian city of Barcarena, as it shipped 84,802 tonnes in a single vessel.
Bank of England Deputy Governor for Markets and Banking, Dave Ramsden attends a Bank of England news conference, in the City of London, Britain November 1, 2018. Kirsty O'Connor/Pool via REUTERS

BoE's Ramsden Sees Further Tightening, Uncertain Outlook

The Bank of England will need to raise interest rates slightly more over the coming months, but their longer-term path is hard to predict due to uncertainties including the Russia-Ukraine conflict, Deputy Governor Dave Ramsden said on Tuesday.
FILE PHOTO - U.S. President Joe Biden delivers remarks on his administration's efforts to pursue deterrence and diplomacy in response to Russia’s military buildup on the border of Ukraine, from the White House in Washington, U.S., February 18, 2022.

Biden Voices Support For New U.S. Mines, If They Don't Repeat Past Sins

U.S. President Joe Biden on Tuesday touted progress by government and private industry to boost American production of minerals used to make electric vehicles and other renewable energy products, but stressed that new mines must benefit host communities and not damage the environment.
Britain's Chief Medical Officer for England Chris Whitty, Prime Minister Boris Johnson, and Chief Scientific Adviser Patrick Vallance attend a news conference to outline the government's new long-term coronavirus disease (COVID-19) pandemic plan, at Downi

Britain Sanctions Gennady Timchenko And Five Banks

Britain on Tuesday imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin after the Russian president ordered troops to two breakaway regions in eastern Ukraine.
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UK's Inflation Bill Eats Into Sunak's Budget Leeway

Fast-rising inflation is pushing up the British government's debt interest bill sharply and limiting finance minister Rishi Sunak's options to ease a cost-of-living squeeze in a tax and spending announcement next month.

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