By Shariq Khan and David French (Reuters) – U.S. oil producer APA Corp agreed to pay about $700 million for West Texas properties owned by closely held Titus Oil & Gas LLC, three people familiar with the matter told Reuters. The deal could be announced as soon as Wednesday, the people said, adding the purchase …
APA Corp buying West Texas oil producing land for $700 million -sources Read More »
By David French and Shariq Khan (Reuters) – Brigham Minerals Inc, a company that owns the rights to extract oil and natural gas from land across numerous U.S. shale basins, is exploring options that include a sale or a merger, people familiar with the matter said on Wednesday. Brigham’s shares have risen more than 20% …
Exclusive-Brigham Minerals explores sale of the company-sources Read More »
By Nyasha Chingono HARARE (Reuters) – Shepherd Chowe pushes a cart filled with tins, iron rods and other metallic objects down a dusty pathway in Hopley, a poor settlement about 15 km west of Zimbabwe’s capital, Harare. It is 11 a.m. and Chowe, 46, has arrived at a scrap yard where dozens of metal scavengers …
Impoverished Zimbabweans turn to scrap metal trade as inflation bites Read More »
ISTANBUL (Reuters) – Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts. Inflation began to surge last autumn, when the lira slumped after the central bank …
Turkish inflation hits almost 80%, peak might be near Read More »
PARIS (Reuters) – Growth in France’s services sector weakened by less than initially expected in July, yet inflationary pressures were likely to weigh in the near-term on the euro zone’s second-biggest economy, a monthly survey showed on Wednesday. Data compiler S&P Global Market Intelligence said its final purchasing managers index for services fell in July …
French services growth slowed less than first forecast in July -final PMI Read More »
ROME (Reuters) – Italy’s services sector contracted in July for the first time since January as new business fell and inflationary pressures rose, a survey showed on Wednesday. S&P Global’s Purchasing Managers’ Index (PMI) for services declined to 48.4 in July from 51.6 in June, slipping below the 50 mark that separates growth from contraction. …
ZURICH (Reuters) -Swiss consumer price inflation held steady at 3.4% in July, slightly less than economists had expected after inflation touched a 29-year high in June. The reading – still the sixth month in a row that inflation has risen above the Swiss National Bank’s 0-2% target range – comes amid expectations that the central …
Swiss inflation steadies in July, still above SNB target Read More »
By Naveen Thukral and Bernadette Christina SINGAPORE/JAKARTA (Reuters) – Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid growing food insecurity. Consumers may face even higher wheat prices in the second half of 2022 …
Analysis-As wheat prices soar, the world’s consumers vote with their feet Read More »
MADRID (Reuters) – Activity in Spain’s services sector grew in July at the slowest pace since March, with companies increasingly concerned about the impact of high inflation on businesses and the economy, a survey showed on Wednesday. S&P Global’s Purchasing Managers’ Index (PMI) of services companies, which account for around half of Spain’s economic output, …
Spanish services sector growth slows slightly in July -PMI Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand video game developer PikPok found a solution to prolonged difficulty in finding experienced workers: Colombia. The company, which is behind such mobile game apps as Clusterduck and Into the Dead, bought a studio in Medellin, Colombia, in February, increasing its staff of 180 by 35. “It’s incredibly …
Help wanted: New Zealand industries struggle to find workers Read More »
