Fourth-quarter earnings of $10 bln defeats quotes Covering to buy $4 bln in shares Shares up 2.5% by 1002 GMT LONDON, Feb 2 (Reuters) – Covering (SHEL.L) supplied a document $40 billion earnings in 2022, the power titan stated on Thursday, topping a troubled year in which a rise in power rates after Russia’s intrusion of Ukraine permitted… Read More »
LONDON/SINGAPORE, Jan 20 (Reuters) – Russia continued to be China’s second-largest resource of petroleum in 2022, complying with repeat leading distributor Saudi Arabia, as Chinese refiners got low-priced Russian barrels while Western nations avoided them after the Ukraine situation. China’s petroleum imports from Russia leapt 8% in 2022 from a year previously to 86.25 million tonnes, equal to… Read More »
Leading manufacturers readied to report document $200 bln earnings Their financial obligation reduced to a 15-year reduced Reduced however still high earnings anticipated for 2023 LONDON/HOUSTON, Jan 17 (Reuters) – The West’s leading power companies are anticipated to bring in a mixed document earnings of $200 billion from a stormy 2022 noted by big volatility in oil and… Read More »
BRASILIA, Jan 10 (Reuters) – Brazil’s rising cost of living finished 2022 with a sharp downturn from double-digit tops seen throughout the year on the back of monetary steps and also a hostile financial plan firm, once again missed out on the federal government’s main target. The benchmark IPCA customer rate index climbed 5.79% in 2014, data firm… Read More »
Oct 19 (Reuters) – Tesla Inc (TSLA.O) President Elon Musk on Wednesday claimed he anticipated the business would certainly miss its lorry distribution targets this year, yet minimized issues regarding softening need after the business’s income missed out on Wall surface Road price quotes. The billionaire informed experts on a teleconference there was exceptional need for the 4th… Read More »
ALGIERS, Oct 6 (Reuters) – Algeria’s Sonatrach and Spanish energy group Naturgy (NTGY.MC) have revised fuel costs for 2022 however delayed worth talks for subsequent yr and past amid surging demand and after a diplomatic spat between the international locations. Sonatrach provides round 5 billion cubic meters of fuel a yr to Spain by contracts signed greater than… Read More »