Business

(Reuters) — Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka. World fuel demand has rebounded to pre-pa…

LONDON (Reuters) — Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia. The reroutings mark the bigges…

CHILDREN on Saturday had fun during the grand re-opening of McDonald’s Restaurant Saipan on Middle Road. There were games, a face paint parlor, a cake and other surprises for young customers. McDonald’s Middle Road branch now has a more modern interior design that includes touch-screen,…

BUENOS AIRES (Reuters) — In the Crypstation cafe in downtown Buenos Aires, trendy young Argentines order their lattes and pastries surrounded by screens with real-time cryptocurrency price quotes and a huge neon Bitcoin logo. The bill can be paid in digital money, too. Savers in the South American …

(MVA) — According to the Marianas Visitors Authority, arrivals to  Saipan, Tinian and Rota grew 2,027% percent to 5,593 visitors in April 2022, compared to 263 visitors received in April 2021. The figure, however, is an overall decrease of 86% from 39,663 visitors received in April 2020, marking an…

ASIANA Airlines on Saturday celebrated the 30th anniversary of its flight service between Saipan and Incheon and vowed to continue “a thriving partnership” with the CNMI. Joining Asiana Airlines Regional Sales Office General Manager Intak Hwang were Marianas Visitors Authority Vice Chai…

(Press Release) — BankGuam Holding Company announced that its board of directors has declared a quarterly cash dividend of $0.10 per share for the holders of its common stock and a dividend payment to the holders of the Company’s 4.97% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series …

WASHINGTON (Reuters) — All participants at the Federal Reserve’s May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy’s performance and was at risk of racing higher without action by the U.S. central b…

(Reuters) — Elon Musk on Wednesday pledged an additional $6.25 billion in equity financing to fund the $44-billion offer for Twitter Inc, reducing the billionaire’s margin loan against his Tesla Inc shares to zero. The disclosure made in a regulatory filing on Wednesday signaled Musk is worki…

SHANGHAI (Reuters) — Asian share markets slipped on Thursday after minutes from the Federal Reserve’s early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as persistent concerns over global growth sapped confidence. While the minutes also highligh…