By Laila Kearney NEW YORK (Reuters) -A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some of the halted production. A failed flange connecting two onshore pipelines operated by Shell Plc in Louisiana leaked an …
U.S. offshore oil output to restart after pipeline fix Read More »
(Reuters) -Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed. Earlier this week, Ukraine’s overseas creditors backed the country’s request for a two-year freeze on payments on almost $20 billion in international bonds. The move will …
BERLIN (Reuters) – New measures to reduce Germany’s gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said on Friday. Economy Minister Robert Habeck told the Sueddeutsche Zeitung newspaper last week the state would order certain energy savings measures such …
Berlin wants to reduce gas use by 2% with new regulations – officials Read More »
By Natalie Grover and Danilo Masoni LONDON (Reuters) -Shares in GSK, Sanofi and Haleon fell sharply on Thursday, following declines earlier this week, amid growing investor concerns about U.S. litigation focused on a heartburn drug that contained a probable carcinogen. GSK shares fell more than 10%, Sanofi’s stock sagged about 3.3% and Haleon’s shares slipped …
GSK, Sanofi and Haleon shares slump on Zantac litigation concerns Read More »
By Chibuike Oguh and Angelique Chen NEW YORK (Reuters) – Kewsong Lee bolstered Carlyle Group Inc’s growth after he took over the reins in 2018, yet the private equity firm continued to play catchup with its larger and more diversified publicly listed rivals, according to people close to the situation, analysts and investors. Carlyle announced …
By Marianna Parraga HOUSTON (Reuters) – Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, three people familiar with the matter said. Venezuela’s oil company PDVSA no longer is interested in the oil-for-debt deals …
Exclusive – PDVSA pauses oil-for-debt shipments to Europe, wants product swaps Read More »
LONDON (Reuters) -Britain is consulting on plans to subsidise electricity bills for energy-intensive industries including steel and cement, the government said on Friday, in a proposal that could help 300 businesses. “With global energy prices at record highs, it is essential we explore what more we can do to deliver a competitive future for those …
UK considers subsidising power bills for energy-intensive industries Read More »
By Carolyn Cohn and Huw Jones LONDON (Reuters) – Some of the world’s biggest money managers are talking to investors and regulators about stripping Russian assets from their funds, helping them unlock billions of dollars of investments which became illiquid due to the war in Ukraine. So-called “side pockets”, used by hedge funds in the …
Funds begin parking sanction-hit Russian assets in ‘side pockets’ Read More »
By Padraic Halpin DUBLIN (Reuters) -Flutter said on Friday it is seeing no sign of cash-strapped customers betting less and gave another positive update on its rapidly growing U.S. business, sending its shares sharply higher following an expected dip in first-half earnings. The Paddy Power, Betfair and Fanduel owner was the top gainer on the …
Flutter’s shares soar on further rapid U.S. growth Read More »
LONDON (Reuters) – British asset manager abrdn has bought a stake in digital assets exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value. The stake, acquired for an undisclosed sum, gives abrdn a seat on the board at Archax and makes the asset manager its largest external shareholder, …
Abrdn buys stake in digital assets exchange Archax Read More »
