SINGAPORE (Reuters) -China is the world’s top energy importer but its purchases from the United States are relatively modest, blunting the impact of Beijing’s move on Tuesday to slap retaliatory tariffs on imports of U.S. crude oil, liquefied natural gas (LNG) and coal. Shortly after tariffs on China imposed by U.S. President Donald Trump took …
China tariff retaliation targets its modest US energy imports Read More »
ROME (Reuters) – U.S. energy group Westinghouse proposed using decommissioned nuclear sites in Italy for the installation of small modular reactors, with the aim to start construction by 2030, a company official said on Tuesday. The move fits with a shift in Italy’s energy policy as the right-wing government led by Prime Minister Giorgia Meloni …
Westinghouse eyes old nuclear sites to build small reactors in Italy Read More »
(Reuters) – Shares of vaccine makers and packaged food companies fell on Tuesday after President Donald Trump’s pick for U.S. health secretary, Robert F. Kennedy Jr., moved closer to the job after a favorable vote by a Senate panel. The vote by the U.S. Senate Finance Committee paves the way for the full Senate to …
Vaccine, packaged food stocks fall as Kennedy moves closer to health secretary job Read More »
By Manya Saini (Reuters) -PayPal’s shares fell nearly 10% on Tuesday, after the digital payments giant’s unbranded card processing business saw a sharp slowdown in growth and its operating margin shrank in the fourth quarter. Unbranded payments, which include transactions for other firms rather than PayPal itself, had traditionally been a low-margin business due to …
PayPal’s profit push slows unbranded business growth, shares drop 10% Read More »
By Rishi Kant (Reuters) -Fox Corp is planning to launch a subscription-based streaming service by the end of 2025, the media company said on Tuesday, entering the Netflix-dominated arena to tap audiences outside its mainstay cable television business. Shares of the Murdoch family-controlled company rose more than 4% in early trading, as it also reported …
Fox bolsters streaming bet with plans for new subscription offering Read More »
DUBAI (Reuters) – Abu Dhabi National Oil Company’s investments in the United States now sit within its new international investment arm XRG, ADNOC’s CEO said on Tuesday, as the oil giant moves to build up a business focused on lower carbon energy and chemicals. The U.S. investments are in an ExxonMobil hydrogen plant and in …
ADNOC’s US investments moved to international arm XRG Read More »
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods dropped in December, pulled down by a decline in bookings for civilian aircraft, but demand elsewhere was marginally firm. Factory orders tumbled 0.9% after a revised 0.8% decline in November, the Commerce Department’s Census Bureau said on Tuesday. Economists polled by Reuters had forecast factory orders would …
(Reuters) – Citigroup CEO Jane Fraser has informed top executives the bank will stick to its hybrid work schedule, the Financial Times reported on Tuesday citing people familiar with the matter. The bank is deviating from the norm on Wall Street, where many have begun to enforce strict back-to-office mandates. Last month, JPMorgan Chase asked …
Citi sticks to hybrid working, bucks return-to-office trend, FT reports Read More »
(Reuters) – California’s largest private insurer, State Farm, on Monday urged the state’s insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month. The company is seeking rate increases of up to 22% for non-tenant homeowners, 15% for …
State Farm seeks rate hikes in California to offset wildfire payouts Read More »
(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday reported fourth-quarter revenue and profit above Wall Street estimates on strong demand for its power generation products, sending the company’s shares up 3.5% before the bell. The artificial intelligence race among big tech giants has led to a surge in power demand from data centers …
Cummins beats quarterly estimates on strong power generation demand Read More »
