By Arathy Somasekhar and Marianna Parraga HOUSTON (Reuters) – Chevron Corp has stepped up sales of Venezuelan crude oil to rival U.S. refiners, adding PBF Energy Inc and Marathon Petroleum Corp to its list of customers for the crude, vessel tracking and loading schedules showed. U.S. Gulf Coast refiners, which historically processed Venezuelan oil, have …
Venezuelan oil gets more US buyers as Chevron steps up loadings Read More »
(Reuters) – Asia’s largest oil and gas producer PetroChina’s first-quarter net profit rose 12.1%, beating expectations of a decline thanks to higher sales of crude oil and gas, it said on Friday. Net profit for the period reached 43.62 billion yuan ($6.3 billion), the company’s statement said, ahead of the 38.9 billion yuan a year …
PetroChina Q1 net profit up 12% on higher oil and gas sales Read More »
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japan’s Kyushu Electric Power Co will issue 200 billion yen ($1.5 billion) in preferred shares to help fund its green transition at a time when high fuel prices are weighing on the sector’s profitability, the company said on Friday. Japanese utilities were hit by high fuel costs …
Japan’s Kyushu Electric to raise $1.5 billion to fund green transition Read More »
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Asian finance leaders gathering in South Korea next week will likely debate ways to beef up safeguards against market turbulence, as global banking sector woes and fears of recession in advanced economies cloud the economic outlook. The impact of U.S. interest rate hikes on the region’s …
Asian nations to debate Japan’s bid to beef up market safeguards Read More »
By Mike Dolan LONDON (Reuters) -After a torrid 2022 for its stock prices, it seems Big Tech can do no wrong again this year. The eye-popping outperformance of the U.S. digital and technology giants this year helps explain the slightly puzzling levity of stock markets amid all the recession handwringing – not least because these …
Mega tech stocks lure back investors for all seasons :Mike Dolan Read More »
BRUSSELS (Reuters) – The European Commission said on Friday it opened an investigation to assess whether Spain’s rail operator Renfe may have abused its position in online rail ticketing. The EU Commission said it has concerns that Renfe has possibly restricted competition in the Spanish market by refusing to provide all its content and real-time …
EU regulators probe Spanish rail operator for possible anticompetitive behaviour Read More »
Wien (Reuters) – Dem österreichischen OMV-Konzern haben zum Jahresstart die deutlich gesunkenen Öl- und Gaspreise sowie ein schwächeres Chemiegeschäft zu schaffen gemacht. Das um Lagereffekte bereinigte operative Ergebnis (CCS Ebit) fiel im ersten Quartal um 21 Prozent auf 2,08 Milliarden Euro, wie der Öl-, Gas- und Chemiekonzern am Freitag mitteilte. Der CCS Überschuss sank um …
Ölkonzern OMV spürt Preisrückgang und schwächere Chemiesparte Read More »
(Reuters) – Russian Colonel General Mikhail Mizintsev, who was sanctioned by the West and dubbed the “Butcher of Mariupol” for his role in the Ukraine war, has been removed as deputy defence minister, according to a military blogger and a leading news website. Mizintsev orchestrated the siege of the Ukrainian city of Mariupol in the …
Russia sacks deputy defence minister sanctioned by West over Mariupol – reports Read More »
By Iain Withers and Lawrence White LONDON (Reuters) -British bank NatWest reported a 20 billion pound fall in deposits in the first quarter as consumers faced with a cost of living crisis forked out on steeper bills and shopped around for the best deals on their savings. The bank’s CEO Alison Rose said competition for …
NatWest hit as savers shop around for highest rates Read More »
– von Leika Kihara und Takaya Yamaguchi Tokio (Reuters) – Japans Notenbank hat auf der ersten Zinssitzung unter ihrem neuen Gouverneur Kazuo Ueda eine Überprüfung ihrer jahrelangen ultralockeren Geldpolitik angekündigt. Diese solle breit angelegt sein und ein bis anderthalb Jahre in Anspruch nehmen, teilte die Notenbank am Freitag in Tokio mit. An ihrer Tiefzinspolitik hielten …
Japans Notenbank will ihre ultralockere Geldpolitik überprüfen Read More »
