European shares slide, oil recovers, merchants await US jobs information

LONDON, August 5 (Reuters) – European stocks fell slightly on Friday but are still set for weekly gains, while traders await US jobs data late in the session to provide clues to the health of the world’s largest economy. The MSCI World Stock Index, which tracks stocks in 47 countries, was up 0.2% and is … Read more

BP raises dividend after income hit 14-year excessive

Profit soars to $8.45 billion, far exceeds forecast BP increases dividend by 10% CEO says BP boosts spending on oil and gas Profits driven by strong oil business, influenced by LNG LONDON, August 2 (Reuters) – BP’s (BP.L) Second-quarter profit jumped to $8.45 billion, its highest in 14 years, as strong margins and its refining … Read more

Asian shares slide with US yields on Pelosi jitters; Aussie drops

A man wearing a face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing the Shanghai Composite, Nikkei and Dow Jones Industrial Average outside a company brokerage in Tokyo, Japan, February 14, 2022. REUTERS / Kim Kyung-Hoon Sign up now for FREE unlimited access to Register TOKYO, Aug 2 (Reuters) – … Read more

World shares have finest month since late 2020, greenback slips

The MSCI World Index rose 0.3%; nearly 6% in the month The dollar fell 0.5% against a basket of major peers Markets bet US slowdown to rein in rate tightening LONDON/SINGAPORE, JULY 29 (Reuters) – Global stocks rose on Friday, their best month of course since late 2020 as traders bet a weakening US economy … Read more

Rogers invests C$10 billion in AI, testing after large shutdown

The Rogers Building, the flagship corporate campus of Canadian media group Rogers Communications is seen in downtown Toronto, Ontario, Canada on July 14, 2022. REUTERS / Chris Helgren Sign up now for FREE unlimited access to Register July 24 (Reuters) – Rogers Communications Inc (RCIb.TO)It said on Sunday it would invest 10 billion Canadian … Read more

Trucker protested to cease transporting cargo at California’s third seaport

LOS ANGELES, July 20 (Reuters) – Protest truck drivers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they protested against the law. New state labor makes it harder for independent truck companies to operate. Drivers plugged the gates and blocked other truckers from transporting goods … Read more

Tesla income prime goal; Musk sees no drawback with demand

The Tesla logo is seen in Los Angeles, California, U.S., January 12, 2018. REUTERS / Lucy Nicholson Sign up now for FREE unlimited access to Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as its electric vehicle (EV) price increase streak helped offset manufacturing challenges … Read more

Shares supply rebound, hampered by weakening world financial system

China’s economy slows down in Q2 US Yields, Dollar Drop Again After Fed Officials Comments European markets firmer, ahead of political crisis in Italy LONDON, July 15 (Reuters) – World stocks managed to push higher on Friday after four days of losses on growing fears of a recession, although growth concerns were dispelled by The … Read more

Texas grid operator warns of potential blackouts amid scorching warmth

Power lines are seen during a heatwave with an expected temperature of 102 F (39 C) in Dallas, Texas, U.S. June 12, 2022. REUTERS/Shelby Tauber/File Photo Sign up now for FREE unlimited access to Register HOUSTON, July 10 (Reuters) – Texas’ grid operator on Sunday urged state residents for a second time this year … Read more

Ships are getting older and slower as emissions guidelines apply

Average ship age more than two years as of 2017 New emissions rules could force older ships to go slower 1/5 of ships are equipped with energy-saving equipment New ships and alternative fuels are the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about … Read more