Article content Sempra Infrastructure, a unit of California energy company Sempra Energy, will greenlight a project to build a natural-gas export terminal on the U.S. Gulf Coast by early next year, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The project is the first phase of Port Arthur LNG, the […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters David Shepardson Article content WASHINGTON — Chrysler-parent Stellantis is urged owners of 276,000 older U.S. vehicles to immediately stop driving after three crash deaths tied to faulty Takata air bag inflators were reported in the last seven months. The “Do Not Drive” warning is for […]
Article content WASHINGTON — New orders for U.S.-manufactured goods increased moderately in September as a surge in bookings for civilian aircraft was partially offset by declines elsewhere, suggesting a loss of momentum in manufacturing amid rapidly rising borrowing costs. The Commerce Department said on Thursday that factory orders rose 0.3% after gaining 0.2% in August. […]
Article content NEW YORK — The dollar slipped broadly on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might signal a slowdown in the pace of future rate hikes. The central bank will release its policy statement at 2 p.m. (1800 GMT), with investors widely expecting a 75 basis points (bps) […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Huw Jones Article content LONDON — Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead to tighten oversight of the so-called shadow banking sector, taking the lead ahead of possible co-ordinated international action. UK regulators could preempt recommendations by the […]
Article content Sodexo expects its operating profit margin to rise to over 6% in 2025 as more companies outsource their catering and benefits needs and the French food services group boosts its voucher business to meet more demanding employees’ expectations. The company delivered a 5% margin in its last fiscal year and last week forecast […]
Article content LONDON — Ithaca Energy’s plans to launch an initial public offering (IPO) on the London Stock Exchange next week could value the North Sea oil and gas producer at up to 3.1 billion pounds, making it London’s largest IPO this year. Shares in the company – owned by Tel Aviv-listed Delek Group – […]
Article content LONDON — Raw sugar futures on ICE fell on Wednesday amid strong Brazilian exports, while arabica coffee prices regained some ground after last week’s slide to a 15-month low. SUGAR Article content * March raw sugar was 1.2% lower at 18.21 cents per lb by 1406 GMT. * Investors kept a close watch […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters James Mackenzie Article content JERUSALEM — Israelis began voting for the fifth time in less than four years on Tuesday, with former premier Benjamin Netanyahu bidding for a comeback in a race likely to turn on the performance of a far-right party that has risen […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Maha El Dahan Article content ABU DHABI — The world must act swiftly to invest in oil to prevent future energy emergencies as global demand for the hydrocarbon grows in the long term, OPEC Secretary General Haitham Al Ghais said on Tuesday. “If we don’t […]