By Yousef Saba DUBAI (Reuters) – BP and Abu Dhabi National Oil Company’s international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in Egypt, as ADNOC expands its efforts to grow abroad. The joint venture, Arcius Energy, is 51% owned by BP and 49% owned …
BP, ADNOC’s XRG agree Egypt gas JV Arcius Energy Read More »
HONG KONG (Reuters) – Moody’s Ratings said it had raised China’s 2025 GDP growth forecast to 4.2% from 4.0%, as it expected credit conditions to stabilise and Beijing’s stimulus efforts since September to mitigate some impact from potentially higher U.S. tariffs. The comments were made in a report published on Monday. (Reporting by Farah Master …
Moody’s Ratings raises China 2025 GDP forecast to 4.2% from 4.0% Read More »
(Reuters) -Teamsters members working at Marathon Petroleum’s Detroit refinery have voted to ratify a seven-year collective bargaining agreement, the company and the union said on Sunday, three months after workers walked off the job. “The process to safely welcome our employees back to the refinery is already in progress,” the Findlay, Ohio-based company said. Over …
Marathon, Teamsters reach pay deal at Detroit refinery Read More »
(Reuters) -U.S. President-elect Donald Trump has in recent weeks expressed a keen interest in privatizing the U.S. Postal Service, the Washington Post reported on Saturday, citing three people with knowledge of the matter. The U.S. Postal Service, which has lost more than $100 billion since 2007, reported a net loss of $9.5 billion for its …
Trump considers privatizing US Postal Service, Washington Post reports Read More »
By Joey Roulette ORLANDO (Reuters) – Boeing and Lockheed Martin’s joint rocket venture, United Launch Alliance (ULA), plans to upgrade a version of its Vulcan rocket to challenge SpaceX’s Starship in the low Earth orbit satellite launch market, the company’s CEO said. ULA wants to develop a Vulcan model tailored to the increasingly lucrative low …
To rival SpaceX’s Starship, ULA eyes Vulcan rocket upgrade Read More »
(Reuters) – Tesla on Friday raised the prices of its Model S cars in the United States by $5,000, according to its website. The Model S base variant All-Wheel Drive (AWD) will now cost $79,990, while the performance “Plaid” variant will cost $94,990, according to the Tesla website. (Reporting by Rishabh Jaiswal in Bengaluru; Editing …
Tesla raises prices of Model S cars in US by $5,000 Read More »
By Mike Scarcella (Reuters) -OpenAI asked a federal judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT maker’s conversion to a for-profit company. OpenAI also published a trove of emails and text messages with Musk on its website to argue that he initially backed for-profit status for …
OpenAI fires back at Elon Musk bid to block for-profit conversion Read More »
(Reuters) -MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer. The change comes into effect before the market opens on Dec. 23, Nasdaq said. Inclusion in the index typically boosts the stock’s price, as exchange-traded funds looking to …
MicroStrategy secures Nasdaq-100 inclusion after bitcoin-fueled stock surge Read More »
(Reuters) -Meta Platforms is urging California’s attorney general to block OpenAI’s planned conversion to a for-profit company, the Wall Street Journal reported on Friday. In a letter to Attorney General Rob Bonta dated Thursday, Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the …
By Nate Raymond and Mike Spector BOSTON (Reuters) – McKinsey & Co has agreed to pay $650 million to resolve charges over advice it provided Purdue Pharma on how to “turbocharge” sales of its addictive painkiller OxyContin, the U.S. Department of Justice said on Friday. The consulting firm entered into a five-year deferred prosecution agreement …
Consulting firm McKinsey to pay $650 million to resolve US opioid charges Read More »
