By Liz Hampton DENVER (Reuters) -Oil major BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday. In May, BP said it and partner Linde planned to develop a site along the Texas coast to bury carbon dioxide produced from a Linde manufacturing …
Oil major BP drilling appraisal well in Texas for carbon sequestration Read More »
By Manya Saini (Reuters) – Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations. Easy money from venture capital dealmaking is fast evaporating in an inflation-induced high interest-rate …
Dreaded ‘down rounds’ shave billions off startup valuations Read More »
(Reuters) – Deutsche Bank has hired former Goldman Sachs executive Rod Colburn to their Wealth Management Americas business, according to an internal memo seen by Reuters on Tuesday. Colburn joins the European bank as managing director and senior relationship manager after 14 years at Goldman Sachs. He will focus on lending solutions for ultra-high net …
Deutsche Bank hires ex-Goldman Sachs exec to Americas wealth management unit Read More »
(Reuters) -Twitter Inc said on Tuesday it had fixed issues after thousands of users reported that they were having trouble accessing the micro-blogging platform. More than 27,000 users had reported outage of the service, according to Downdetector.com, a website which tracks outages by collating status reports from a number of sources including user-submitted errors on …
Twitter says loading issues fixed after user complaints Read More »
LONDON (Reuters) -British postal workers will hold four days of strikes in August and September in protest over pay, marking the latest announcement of industrial action in the country as workers demand wage rises to cope with soaring inflation. Rising prices and stagnant real wage growth has forced unions representing workers in industries including railways …
British postal workers to hold four days of strikes over pay Read More »
BERLIN (Reuters) – The European Union and Turkey have agreed the bloc has until Jan. 16 next year to comply with a World Trade Organization (WTO) ruling regarding its “safeguard” measures designed to curb steel imports, the WTO said on Tuesday. The EU introduced “safeguard” measures in July 2018 in the form of tariff-rate quotas. …
EU agrees to January deadline to comply with WTO ruling on steel import curbs Read More »
LONDON (Reuters) -North Sea investment firm Kistos on Tuesday walked away from its proposed offer to acquire British oil and gas group Serica Energy following weeks of wrangling. In July, Serica rejected Kistos’s cash and shares merger proposal, which valued the company at 1.04 billion pounds ($1.23 billion). Serica, which produces around 5% of Britain’s …
Kistos walks away from bid to acquire North Sea’s Serica Energy Read More »
By Tom Käckenhoff, Vera Eckert and Christoph Steitz DUESSELDORF/FRANKFURT, Germany (Reuters) -Germany’s network regulator, which would be in charge of gas rationing in the event of a supply emergency, has received scores of exemption requests from across industry, reflecting fears of potential production cuts and subsequent losses. Germany is at phase two of a three-stage …
As German gas rationing looms, industry begs exemptions Read More »
By Sruthi Shankar (Reuters) -UK’s FTSE 100 hit fresh a two-month peak on Tuesday, as investors awaited U.S. inflation data to gauge the pace of interest rate hikes, while shares of Abrdn fell after the asset manager posted lacklustre half-yearly numbers. The blue-chip index inched up 0.1% to close at its strongest level since June …
FTSE 100 at two-month peak ahead of U.S. inflation data Read More »
By Shreyashi Sanyal and Anisha Sircar (Reuters) -European shares dipped on Tuesday as investors cautiously waited for key U.S. inflation data later in the week for hints on the Federal Reserve’s next move on interest rate increases. The pan-European STOXX 600 index fell 0.6%, erasing nearly all of its gains from its best session in …
European shares slip with U.S. inflation data in focus Read More »
