(Reuters) -Norway’s Equinor and U.S. power company Dominion were the winning bidders in a U.S. government offshore wind auction of two areas off the coasts of Delaware, Maryland and Virginia, the U.S. Interior Department said on Wednesday. The offshore wind lease sale generated less than $93 million in winning bids, making it among the least …
Equinor, Dominion win US Central Atlantic offshore wind auction Read More »
(Refiles to add missing word in paragraph 4) MCLEAN, VIRGINIA (Reuters) – A running joke among residents of McLean, Virginia is that the most secretive organization headquartered in their Washington D.C. suburb is not the Central Intelligence Agency, but rather a confectionery and pet products company. Here, the second-richest U.S. family runs Mars Inc, maker …
Mars’ biggest deal clinched by secretive, deep-pocketed family Read More »
(Reuters) – Global oil trader Vitol SA has agreed to pay $500,000 to settle civil charges from the U.S. Commodity Futures Trading Commission the firm violated position limits for certain exchange-traded oil and cattle contracts, the regulator said on Wednesday. Traders face limits to the scale of the speculative positions they can hold for certain …
Vitol to pay $500,000 to settle CFTC charges over position limits Read More »
BOSTON (Reuters) – Texas’ comptroller has added NatWest to a list of firms that “boycott” energy companies, potentially restricting the bank’s business with state agencies. A spokesman for Comptroller Glenn Hegar said via e-mail on Wednesday that NatWest was added to the list because of restrictions it has added on energy financing. (Reporting by Ross …
By Shubham Batra and Roshan Abraham (Reuters) – London stocks ended higher after advancing for a fourth straight session on Wednesday as soft consumer prices data for July strengthened bets that the Bank of England will cut interest rates in its next policy meeting. The blue-chip FTSE 100 and the midcap FTSE 250 index climbed …
UK’s FTSE 100 ends higher as softer CPI boosts rate optimism Read More »
By David Milliken LONDON (Reuters) -British consumer price inflation increased for the first time this year in July, official figures showed on Wednesday, but the rise was smaller than expected as services prices – closely watched by the Bank of England – rose less rapidly. The annual rate of consumer price inflation increased to 2.2% …
UK inflation picks up less than expected, boosting rate cut bets Read More »
FRANKFURT (Reuters) – Two specialised unions at Deutsche Lufthansa’s leisure airline Discover on Wednesday said they were preparing strikes after talks over working conditions at the unit have not yielded results, challenging an accord struck by another union. Strike ballots will start on Thursday and last until Wednesday next week, pilots’ union VC and cabin …
Unions prepare strikes in power struggle at Lufthansa’s leisure airline unit Read More »
SEOUL (Reuters) – The head of Mercedes-Benz in South Korea will meet on Wednesday residents of an apartment complex damaged by a fire that started in one of its electric vehicles (EVs) and burned for more than eight hours, stoking public safety fears. Mathias Vaitl, the chief executive of Mercedes-Benz Korea, will hold a closed-door …
Mercedes-Benz chief in South Korea to meet residents after EV fire damaged property Read More »
By Gwladys Fouche ARENDAL, Norway (Reuters) -Uncertainty and a heightened level of risk to stock markets mean they are unlikely to deliver the returns of recent years, the CEO of Norway’s $1.7 trillion wealth fund said on Wednesday. The fund, which invests the Norwegian state’s revenues from oil and gas production, is one of the …
Norway wealth fund flags risk to stock markets after posting $138 billion profit Read More »
MOSCOW (Reuters) – A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday. RusChemAlliance, which filed the lawsuit, is a joint venture 50% owned by Russia’s Gazprom. RusChemAlliance has …
Russian court orders $1.2 billion of Linde UK assets be frozen Read More »
