Article content (New throughout, adds details and comments) By Nandita Bose, David Shepardson and Raphael Satter Article content WASHINGTON, Jan 27 (Reuters) – Tesla Chief Executive Elon Musk met two top officials in President Joe Biden’s administration on Friday in Washington to discuss how the car maker and the Democratic president could work together to […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jamie Mcgeever Published Jan 27, 2023 • 4 minute read Join the conversation Article content ORLANDO — If recent history is anything to go by, the Federal Reserve will not wait for inflation to fall to its target before cutting interest rates again. There is […]
Breadcrumb Trail Links PMN Business (Bloomberg) — Chancellor of the Exchequer Jeremy Hunt told UK cabinet colleagues that getting inflation below 5% this year will be difficult, insisting the government has to hold the line on fiscal discipline at his budget in March. Author of the article: Bloomberg News Alex Wickham Published Jan 27, 2023 […]
Article content (Bloomberg) — Legislation that would tie the release of oil from US emergency stockpiles to more federal oil and gas production was passed by the House, as Republicans use their majority to highlight the Biden administration’s historic drawdown from the Strategic Petroleum Reserve. Article content The Strategic Production Response Act, which was approved […]
Article content WASHINGTON — The U.S. House of Representatives passed a bill on Friday limiting the ability of the energy secretary to tap the strategic oil reserve without developing plans to increase the amount of public lands available for oil and gas drilling. Representatives backed the bill 221 to 205, with support from only one […]
Article content Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans. Article content The company’s board also approved an increase of about 6% in its quarterly dividend, to $1.51 per share. Article content Chevron Corp. said the buyback […]
Article content LONDON — An investment vehicle managed by hedge fund Brevan Howard delivered a successful 2022 on a surge in global borrowing costs, an investor presentation seen by Reuters showed. Most financial markets were roiled last year by the most aggressive pace of rate hikes from central banks such as the U.S. Federal Reserve […]
Article content (Bloomberg) — Canada will send four battle tanks to Ukraine in the coming weeks, joining North Atlantic Treaty Organization allies including the US and Germany. Article content Defense Minister Anita Anand, speaking Thursday afternoon in Ottawa, said the government may send more of Canada’s Leopard 2 tanks in future, depending on talks with […]
Article content ACCRA — Ghana has reached an agreement with the country’s insurers on a domestic debt exchange, taking it closer to completing this program, a key factor in restoring economic stability and growth, the finance ministry said on Thursday. The ministry said in a joint statement with the Ghana Insurers Association (GIA) that under […]
Article content PORT OF SPAIN — Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro. The U.S. Treasury Department on Tuesday issued […]