Shell to boost dividend by 15% Announces plans to buy further $4 billion in shares Profit hit by weak LNG trading and refining LONDON, Oct 27 (Reuters) – Shell (SHEL.L) on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said …
Shell reports drop in profit to $9.45 billion, hikes dividend Read More »
LONDON, Oct 25 (Reuters) – European stocks were mixed on Tuesday and US futures pointed to a lower opening for Wall Street, as investor hopes that the Federal Reserve could slow down its rate increases gave way to a more cautious tone ahead of US companies earnings. Asian equities struggled to make gains due to …
NEW YORK, Oct 21 (Reuters) – The US dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as …
Dollar sinks vs yen, BOJ intervention suspected ahead of weekend Read More »
TOKYO/LONDON/NEW YORK, Oct 21 (Reuters) – Japanese authorities likely intervened in markets to stem the slide of the country’s battered currency on Friday, market participants said, following an unexpected jump in the yen against the dollar. The yen rose as high as 144.50 per dollar on Friday, up more than 7 yen from a 32-year …
Japanese yen jumps as traders suspect intervention Read More »
LONDON/MADRID, Oct 17 (Reuters) – Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply squeeze as Russia …
Dozens of LNG-laden ships queue off Europe’s coasts unable to unload Read More »
Real Madrid’s Frenchman Benzema voted best men’s player Barca’s Spain midfielder Putellas picks up women’s award Pep Guardiola’s Manchester City chose as Best Club PARIS, Oct 17 (Reuters) – Real Madrid’s France forward Karim Benzema won the 2022 Ballon d’Or award for the best men’s player in the world on Monday, while Barcelona’s Spain midfielder …
Benzema, Putellas win Ballon d’Or awards for best soccer players in the world Read More »
Oct 16 (Reuters) – Goldman Sachs (GS.N) is planning a major reorganization to combine its biggest businesses into three divisions with its storied investment banking and trading businesses being merged into a single unit, a source familiar with the matter told Reuters. The plans, which are expected to be announced on Oct. 18 in conjunction …
Goldman plans major overhaul to combine key units – source Read More »
LONDON, Oct 11 (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat. The Bank of England plans to stop buying bonds on Oct. 14, leaving pension schemes scrambling to meet a …
British pension funds step up fire sales as needed for cash soars Read More »
Oct 7 (Reuters) – The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US tools, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go …
US aims to hobble China’s chip industry with sweeping new export rules Read More »
LONDON, Oct 4 (Reuters) – Britain’s bond market is undergoing “a major repricing”, but should comfortably absorb the extra 62 billion pounds ($69 billion) of debt announced after finance minister Kwasi Kwarteng’s Sept. 23 mini-budget, the head of the UK Debt Management Office (DMO) said on Monday. Robert Stheeman – the man tasked with overseeing …
Exclusive: UK gilt market resilient despite ‘major repricing’ – debt office head Read More »
