Asia shares turn cagey as rate hikes, earnings loom

https://tmsnrt.rs/2zpUAr4 Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, … Read more

Two energy giants, two green projects: one double-booking in the North Sea

BP and Orsted clash over ‘Overlap Zone’ Carbon capture project vies with wind farm Conflict could undermine UK climate goals Similar disputes could loom in the North Sea LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting … Read more

French workers strike nationwide, saying ‘no’ to Macron’s pension reform

Police fire tear gas on fringes of Paris protest Government wants to raise retirement age by two years to 64 Railways, schools and refineries among those hit by strike Macron’s reformist credentials at stake in dispute Polls show widespread opposition to pension reform PARIS, Jan 19 (Reuters) – French workers went on strike and joined … Read more

Exclusive: Mexico’s Pemex destroyed resources worth $342 million from two top fields

MEXICO CITY, Jan 18 (Reuters) – Mexican state oil company Pemex illegally burned off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country’s oil regulator showed. The three documents, produced by the regulator and dated August … Read more

Shares rise, yen climbs as BOJ battles bond bears

BOJ under intense pressure as it defends yield policy Yen hits 7-month high, yuan climbs as dollar eases More earnings ahead, many central bank speakers Britain’s FTSE flirts with record highs SYDNEY/LONDON, Jan 16 (Reuters) – Shares firmed on Monday as optimism over corporate earnings and China’s reopening offset concerns the Bank of Japan (BOJ) … Read more

Exclusive: Exxon prepares to start up $2 bln Texas oil refinery expansion

Jan 13 (Reuters) – Exxon Mobil Corp (XOM.N) in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $2 billion expansion first considered nine years ago. Initial startup of a 250,000 barrels per day (bpd) crude distillation unit (CDU) at the 369,000 … Read more