(Reuters) -U.S. President Donald Trump is removing Billy Long as the commissioner of the Internal Revenue Service and Treasury Secretary Scott Bessent will temporarily serve as acting commissioner, a White House official and a source familiar with the matter said on Friday. The New York Times, which first reported the news, said Long, a former congressman from Missouri, was expected...

03:40 PM EDT, 08/08/2025 (MT Newswires) -- The number of oil rigs in the US increased by one in the week through Friday, data compiled by energy services company Baker Hughes ( BKR ) showed. The count for oil rose to 411 rigs from the previous week's 410, while the tally for gas dropped by one to 123. Miscellaneous rigs'...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

03:30 PM EDT, 08/08/2025 (MT Newswires) -- Petroleo Brasileiro SA (PBR) shares were down 7.1% in recent Friday trading, after the company posted lower-than-expected Q2 earnings. The company reported Q2 earnings Friday of 2.07 reais ($0.38) per diluted share, swinging from a loss of 0.20 reais a year earlier. One analyst polled by FactSet expected earnings of 3.44 reais. Revenue...