Qatar strikes second big LNG supply deal with China

Qatar strikes second big LNG supply deal with China

Qatar signs second 27-year contract to supply China with LNG Asian customers lead race to secure LNG from QatarEnergy expansion China’s CNPC takes stake in QatarEnergy expansion project DOHA, June 20 (Reuters) – Qatar on Tuesday concluded its second major gas supply deal with a Chinese state-controlled company in less than a year, putting Asia … Read more

Asian stocks pause rally, eye China stimulus, Powell testimony

Asian stocks pause rally, eye China stimulus, Powell testimony

Nikkei slips, yen at 7-month low after BOJ meeting China expected to cut rates after disappointing growth US closed for holidays, awaiting Powell testimonies BOE set to hike rates 25 basis points on Thursday, oil crashes SYDNEY, June 19 (Reuters) – Asian stocks started cautiously on Monday after their best weekly run in five months, … Read more

Shell raises dividend and stabilizes oil production in new CEO plan

Shell raises dividend and stabilizes oil production in new CEO plan

Shell to keep oil production stable The company will develop its gas and LNG activities Reduced capital expenditures for 2024-2025 LONDON, June 14 (Reuters) – Shell (SHEL.L) will increase its dividends and share buybacks while keeping oil production stable until 2030, it said on Wednesday, as CEO Wael Sawan was struggling to regain investor confidence … Read more

Amazon cloud services backed up after massive outage affects thousands of users

Amazon cloud services backed up after massive outage affects thousands of users

June 13 (Reuters) – Amazon.com (AMZN.O) said cloud services offered by its unit, Amazon Web Services (AWS), had been restored after a major disruption to New York Metropolitan websites on Tuesday. Transportation Authority and the Boston Globe. among others. Several hours after Downdetector.com began posting outage reports, Amazon said, “The issue has been resolved and … Read more

Bunge and Viterra will merge to form a $34 billion agricultural trade powerhouse

Bunge and Viterra will merge to form a  billion agricultural trade powerhouse

CHICAGO, June 13 (Reuters) – U.S. grain trader Bunge (BG.N) and Glencore-backed Viterra (GLEN.L) are merging to create an agricultural trading giant worth around $34 billion , including debt, the companies said in a statement on Tuesday. deal that is likely to come under intense regulatory scrutiny. The deal brings the combined company globally closer … Read more

Fossil fuel company’s net zero plans are ‘largely meaningless’, report says

Fossil fuel company’s net zero plans are ‘largely meaningless’, report says

(1/2) The Houston Ship Channel and adjacent refineries, part of the Port of Houston, are seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott 75 of the biggest have now pledged to reach net zero Most do not cover or are not transparent about Scope 3 emissions LONDON, June 11 (Reuters) – The number … Read more

Asian stocks meander ahead of c.bank meetings

Asian stocks meander ahead of c.bank meetings

MSCI Asia ex-Japan hits highest level since April 21 Fed expected to back off rate hike this week Oil slides more than 1% on China worries SINGAPORE, June 12 (Reuters) – Asian stocks stalled in cautious trading on Monday as investors braced for central bank decisions in Europe, Japan and the United States this week, … Read more

Stocks stagnate as bond markets reprice rate expectations

Stocks stagnate as bond markets reprice rate expectations

(1/3) The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, June 5, 2023. REUTERS/Staff European stocks come out of the red Bond markets reassess rate expectations after Canada surprise The Turkish lira stabilizes after a 7% fall on Wednesday LONDON, June 8 (Reuters) – Borrowing costs … Read more

Stocks remain in tight ranges as traders consider suspending Fed outlook

Stocks remain in tight ranges as traders consider suspending Fed outlook

SINGAPORE, June 6 (Reuters) – Asian stocks rose on Tuesday as weak U.S. economic data bolstered expectations that the Federal Reserve could ignore an interest rate hike at its meeting next week. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.17%, brushing off earlier losses, while Tokyo’s Nikkei (.N225) gained 0.65%. Futures indicated … Read more

Oil rises on Saudi plan to deepen production cuts from July

Oil rises on Saudi plan to deepen production cuts from July

(1/2) A general view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo Brent and WTI both jump over $1 Saudi decision adds to OPEC+ cuts OPEC+ meeting, Saudi cuts could push prices higher – analysts LONDON, June 5 (Reuters) – Oil prices rose more … Read more