Sunday, 13 July 2025

Focus on Finance

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 26, 2024.     REUTERS/Staff/File Photo
BusinessFinanceNewsOil

European shares close lower in lead-up to Fed, earnings

Fears of a widening conflict in the Middle East and a raft of upbeat earnings updates have lifted the market, with pan-European STOXX...

Keith Anderson, the chief executive of ScottishPower, said he hopes to double the firm’s investments in UK energy projects (Jordan Pettitt/PA)
BusinessElectricityFinanceIndustryInfrastructureNewsPoliticsSolarStorageTransmissionUtilitiesWind

ScottishPower boss hopes to double UK energy investment by 2030

ScottishPower’s boss has said he hopes to double the firm’s investments in UK energy projects to as much as £24 billion if Labour’s...

FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a G20 event in Barra da Tijuca, Rio de Janeiro, Brazil, on July 25, 2024. REUTERS/Tita Barros/File Photo
BiodiversityBusinessClimateEconomyFinanceNewsPolitics

Yellen says $3tn needed annually for climate financing

On visit to the Amazon, US Treasury Secretary Yellen says climate financing needs to be far above current levels.

FILE PHOTO: The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessConstructionFinanceFuelIndustryInfrastructureNewsOilTrade

Baker Hughes sees lower North America activity; bets on foreign demand

Baker Hughes cut its North American spending outlook but raised full-year revenue estimates, betting on strong international growth and gas equipment demand.

FILE PHOTO: A drone view of the Trans Mountain Burnaby Terminal tank farm as the Canadian government-owned Trans Mountain pipeline expansion project became operational in Burnaby, British Columbia, Canada May 1, 2024. REUTERS/Jennifer Gauthier/File Photo
BusinessElectionsFinanceFuelInfrastructureNewsOilPoliticsTransmission

Canada likely to delay Trans Mountain pipeline sale: report

Canadian government will likely stall the sale of the Trans Mountain pipeline until after the election in 2025, Bloomberg reported Friday

FILE PHOTO: The logo of Nissan is seen on a car ahead of a news conference at Nissan's Sunderland plant in Sunderland, Britain, July 1, 2021. REUTERS/Phil Noble/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceIndustryManufacturingNewsTransport

Nissan cuts output at top Japanese plant, sources say

Nissan cut planned production by a third at its top Japanese plant this month, hit by slow EV demand and lack of hybrid...

FILE PHOTO: The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
BiofuelsBusinessFinanceFuelNatural GasNewsOil

Petrobras wrapping up due diligence to buy back refinery from Mubadala, sources say

Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65bn...

BusinessFinanceFuelInfrastructureNatural GasNewsUtilities

Canada’s Pieridae Energy shuts-in production amid low natgas prices

Canadian energy company Pieridae Energy said on Thursday it has shut-in the production of about 6,250 barrels of oil equivalent per day (boe/d)...

Veren Inc. logo is shown in a handout. The company reported its profit rose in its latest quarter to $261 million from $212.3 million a year ago. THE CANADIAN PRESS/HO
BusinessFinanceFuelInfrastructureNatural GasNewsOilTransmission

Veren Inc., formerly Crescent Point Energy, sees profit rise in second quarter

Veren Inc., post-buying spree, shifts focus to reducing its $3.0 billion debt, targeting a further drop to $2.2 billion by year-end.

FILE PHOTO: The prices at a Valero Energy Corp gas station are pictured in Pasadena, California October 27, 2015.  REUTERS/Mario Anzuoni/File Photo
BusinessFinanceFuelNewsOil

Valero Energy beats estimates, but second-quarter profit falls on weak margins

Refiner Valero Energy reported lower Q2 profit on Thursday, but beat earnings estimates as strong processing volumes offset a margins slump

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