Saturday, 12 April 2025

Focus on Finance

FILE PHOTO: Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsFinanceLiquefied Natural GasNews

Firm building QatarEnergy-Exxon LNG plant in Texas files for bankruptcy

The lead contractor building a Texas liquefied natural gas (LNG) plant for QatarEnergy and Exxon Mobil on Tuesday filed for Chapter 11 bankruptcy...

The Fed said that 19 percent of adults reported being financially affected by natural disasters or severe weather events like flooding over the last 12 months (AFP)
BusinessClimateEconomyFinanceNewsResiliencyWeather

Natural disasters hit 1 in 5 US adults’ finances in 2023: Fed

The U.S. Federal Reserve's annual report into the economic wellbeing of American households found that 19 percent of adults reported being financially affected...

FILE PHOTO: A Toyota logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Toyota mulls over $500 million investment into Texas plant

Toyota Motor's North America arm is seeking tax relief for a potential $531.7 million investment in its Texas facility

Power plant with large cloud of smoke (FREEPIK) A record $104bn was raised globally last year by charging firms for emitting CO2, but prices remain too low to drive the changes needed
BusinessClimateEmissionsFinanceLegislationNewsPolitics

Global carbon emissions pricing raised record $104 billion in 2023

A record $104bn was raised globally last year by charging firms for emitting CO2, but prices remain too low to drive the changes...

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFinanceLiquefied Natural GasNatural GasNewsOil

CalPERS to vote against Exxon board members

CalPERS will vote against all Exxon Mobil board members at the upcoming annual meeting on May 29, a regulatory filing showed on Monday

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
AnalysisBusinessFinanceFuelIn-DepthNewsOil

US refiners reward shareholders with big returns despite softer Q1 profits

Major U.S. fuel makers returned billions in capital to shareholders in Q1 even as refining margins softened and utilization rates fell

BHP's bid for Anglo American comes as it looks to secure a reliable copper supply (AFP FILES)
BusinessFinanceMineralsMiningNews

Crunch time looms for BHP’s bid buy Anglo American

BHP must overcome major hurdles to salvage its faltering pursuit of Anglo American, analysts said Monday as the takeover deadline approcaches

AnalysisBusinessCoalEconomyElectricityEmissionsFinanceInfrastructureLabourOpinionPoliticsTransmission

South Africa’s plan to move away from coal: 8 steps to make it succeed

Opinion: South Africa's plan to transition from coal to renewable energy sources must include mobilizing different forms of international finance, investing in new...

FILE PHOTO: Ford vehicles are displayed at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNews

Ford asks suppliers to cut costs in push to turn EV business profitable: memo

Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying "everything is on the table,"...

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessClimateFinanceNewsOil

Exxon: proxy advisor Glass Lewis should recuse itself from making recommendations

(Reuters) – U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder...

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