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

EXCLUSIVE Luxembourg banks ask to freeze Ecuadorian property amid Perenco dispute, paperwork present

Bailiff orders 122 banking institutions operating in Luxembourg to freeze Ecuadorian assets Ecuador to issue Luxembourg-listed bonds in 2020 debt overhaul Some bondholders received interest payments due on July 31 LONDON, Aug. 1 (Reuters) – A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts due to a dispute over … Read more

Ford proclaims sequence of offers to speed up EV

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, USA on April 26, 2022. REUTERS / Rebecca Cook / File Photo Sign up now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford … Read more

Wall Road recovers with earnings spike

A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS / Carlo Allegri Sign up now for FREE unlimited access to Reuters.com Register Boeing increases deal to sell jets to 777 Partners Johnson & Johnson and IBM fall on dollar impact warnings Hasbro and … Read more

Wall Road closed on account of slippage of Apple shares, financial institution shares

Indices down: Dow 0.69%, S&P 500 0.84%, Nasdaq 0.81% Apple shares fall after reports of slowing hiring Bank stocks erase gains to close July 18 (Reuters) – Wall Street ended lower on Monday after bank shares erased previous gains and Apple (AAPL.O) Shares fell in a report that said the company plans to slow its … Read more

Hyundai Motor launches its first electrical sedan, going head-to-head with Tesla

SEOUL, July 14 (Reuters) – Hyundai Motor Co (005380.KS) on Thursday launched its first electric sedan, the Ioniq 6, which the South Korean automaker is betting will help it capture a larger share of the electric vehicle (EV) market dominated by Tesla Inc. The Ioniq 6 is one of more than 31 electric vehicle models … 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

Oil from US reserves is shipped overseas as a result of gasoline costs are nonetheless excessive

HOUSTON, july 5 (Reuters) – More than 5 million barrels of oil in a historic emergency release of US reserves to lower domestic fuel prices were exported to Europe and Asia last month, according to HOUSTON, July 5 (Reuters) data and sources, including US gasoline and diesel prices hit record highs. Crude oil and fuel … Read more

Norwegian oil employees begin strike, lower manufacturing

OSLO, July 5 (Reuters) – Norwegian workers began a strike on Tuesday that will reduce oil and gas output, the union leading industrial activity told Reuters. The strike, in which workers are demanding higher wages to offset rising inflation, comes amid high oil and gas prices, with natural gas supplies to Europe particularly tight after … Read more