By Ernest Scheyder (Reuters) -A California lithium company plans to launch an initial public offering next year as part of a bid to become an attractive investment target for the U.S. federal government. Controlled Thermal Resources (CTR), which has been privately held for more than a decade, aims by next July to spin off its …
California lithium company eyes 2026 IPO to attract US government investment Read More »
BELEM, Brazil (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he will call his U.S. counterpart Donald Trump again if talks between their countries do not progress by the end of COP30, the United Nations climate conference Brazil is hosting this month. Lula and Trump met in Malaysia in October seeking to …
Brazil’s Lula says he will call Trump again if negotiations do not progress soon Read More »
By Shadia Nasralla and Stephanie Kelly LONDON (Reuters) -Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices. However, there was no update on the closely-watched sale process for its Castrol …
BP profit beats expectations, but no news on Castrol sale Read More »
By Akash Sriram (Reuters) -Uber missed operating profit expectations on Tuesday and issued a downbeat earnings forecast for the key holiday quarter, overshadowing strong demand for its rides and food deliveries driven by growing adoption of its membership program. The company blamed the weak profit on undisclosed legal and regulatory matters. Its shares fell about …
Uber operating profit hit by legal expenses, shares fall Read More »
By Federico Maccioni and Maha El Dahan DUBAI (Reuters) -Saudi Arabia’s Aramco, the world’s top oil exporter, reported a 2.3% fall in quarterly profit on Tuesday, citing a drop in crude and product prices, but its performance improved from the previous quarter as oil production rose. The kingdom has been pumping more crude as OPEC+ …
Saudi Aramco third-quarter profit slips on lower crude prices Read More »
By Deborah Mary Sophia and Aditya Soni (Reuters) -OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com, in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom. The agreement, announced on Monday, will give OpenAI …
OpenAI turns to Amazon in $38 billion cloud services deal after restructuring Read More »
By Karl Plume and Katha Kalia (Reuters) -Archer-Daniels-Midland cut its 2025 profit forecast for a third straight quarter on Tuesday as U.S. biofuel policy uncertainty and global trade disruptions pressured oilseed crush margins, sending its shares down 8% in pre-market trading. ADM and its agribusiness peers have seen earnings erode in recent quarters due to …
ADM cuts 2025 profit outlook on biofuel and trade uncertainty; shares tumble Read More »
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday he could envision a scenario where Nvidia’s advanced Blackwell chips can be sold to China and other countries as technology evolves and better chips are made. “There may be a case down the road – I don’t know whether it’s 12 or 24 months, given …
Nvidia’s top-end chips may be sold as tech evolves, Bessent says Read More »
(This Nov 3 story has been republished to remove an image, with no changes to text) By Curtis Williams HOUSTON (Reuters) -The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG. The U.S. exported a record …
US becomes first country to export 10 million tonnes of LNG in single month Read More »
By Gabriel Araujo LIMA/SAO PAULO (Reuters) -A Brazilian bill that would bar airlines from charging fees for checked bags has spooked a domestic industry already plagued by bankruptcies, fueling accusations the move would discourage the kind of low-cost operators that could lower fares overall. The measure, which cleared the Lower House last week but still …
Brazil bill to restore free checked bags alarms airlines Read More »
