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 […]
Breadcrumb Trail Links PMN Real Estate PMN Business Author of the article: The Canadian Press Tara Deschamps Published Jan 25, 2023 • 3 minute read Join the conversation A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021.THE CANADIAN PRESS/Evan Buhler Photo by […]
Article content WASHINGTON (AP) — The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. Article content The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use its products by making it […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Shreyashi Sanyal and Johann M Cherian Published Jan 24, 2023 • 2 minute read Join the conversation Article content Jan 24 (Reuters) – Wall Street slipped on Tuesday after industry bellwethers 3M, Johnson & Johnson and GE warned of a challenging year ahead, while a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Shreyashi Sanyal and Johann M Cherian Published Jan 24, 2023 • 2 minute read Join the conversation Article content Jan 24 (Reuters) – U.S. stock indexes fell on Tuesday after industry bellwethers 3M, Johnson & Johnson, and GE beat expectations for profit but warned of […]