By Scott DiSavino NEW YORK (Reuters) -Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union’s latest sanctions against Russia for its war in Ukraine. Brent crude futures fell 24 cents, or 0.3%, to settle at $69.28 a barrel, while U.S. …
Oil steadies as mixed US economic and tariff news offset new Russia sanctions Read More »
By Jonathan Stempel NEW YORK (Reuters) -The U.S. government sided with Argentina’s effort to put on temporary hold a court order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a filing late Thursday night, the government told the …
US sides with Argentina in YPF dispute, investors suggest alternative collateral Read More »
By Anna Tong SAN FRANCISCO (Reuters) -ChatGPT maker OpenAI is launching a $50 million fund to support nonprofit and community organizations, the artificial intelligence company said on Friday. The fund is the first action following a recommendations report from the San Francisco-based company’s nonprofit commission, which was formed in April to guide OpenAI’s philanthropic efforts. OpenAI …
OpenAI launches $50 million fund to support nonprofits, community organizations Read More »
NEW YORK (Reuters) -Global hedge funds had their strongest inflows in the first half of the year since 2015, gaining popularity in turbulent markets amid U.S. President Donald Trump’s new trade policies, data from provider HFR showed. Hedge funds lured $37.3 billion in inflows in the first half of 2025, while they attracted $7.2 billion …
Hedge funds lure record inflows in first half of 2025 Read More »
By Sheila Dang HOUSTON (Reuters) -Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years. On Friday, the U.S. oil producer closed its $55-billion acquisition of Hess – among the largest ever oil and gas deals – …
Chevron entry to Guyana oilfields solves company’s top challenge Read More »
SINGAPORE (Reuters) -Citigroup and Singapore-based financial technology firm Ant International have launched a pilot program using artificial intelligence to help clients better manage foreign exchange risk, the companies said on Friday. The program combines Citi’s Fixed FX Rates solution, which is widely used by the banks’ clients in sectors such as e-commerce, with Ant International’s …
Citi, Ant International pilot AI-powered FX tool for clients to help cut hedging costs Read More »
By Yamini Kalia and Raechel Thankam Job (Reuters) -BP has agreed to sell its U.S. onshore wind business to U.S.-based LS Power, as part of its ongoing divestment strategy, the energy major said on Friday, without disclosing a deal value. bp Wind Energy will be owned and operated under power and energy-focused investment and operating …
BP to sell US onshore wind business to LS Power for undisclosed sum Read More »
By Scott DiSavino (Reuters) -U.S. energy firms this week added oil and natural gas rigs for the first time in 12 weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by seven, its biggest weekly increase since …
US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Read More »
(Reuters) -Chevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the biggest oil discovery in decades – the Stabroek Block off the coast of Guyana, which holds more than 11 billion barrels of oil. STEWART GLICKMAN, DEPUTY RESEARCH DIRECTOR …
Analysts on Chevron winning arbitration over Exxon in Hess deal Read More »
By Nupur Anand and Manya Saini (Reuters) -JPMorgan Chase has begun publishing research notes on prominent private companies transforming industries, a person familiar with the matter told Reuters on Friday. With many industry-leading private companies delaying public listings, they are attracting a growing share of investor capital, prompting institutional investors to track them more closely …
JPMorgan eyes new research frontier with coverage of private firms, source says Read More »
