For global banks, India could soon be worth it

For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

New orders lift Saudi non-oil business activity growth to 4-month high-PMI

New orders lift Saudi non-oil business activity growth to 4-month high-PMI

DUBAI, Nov 5 (Reuters) – Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a survey showed on Sunday, with new orders supporting an overall expansion in activity which led to a sharp rise in employment levels. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index rose … Read more

Pope says he will attend COP28 climate summit in Dubai, a first by a pontiff

Pope says he will attend COP28 climate summit in Dubai, a first by a pontiff

[1/2]Pope Francis holds prayer for migrants and refugees, with the ‘Angels Unaware’ monument, dedicated to the world’s migrants and refugees, behind him in St. Peter’s Square, at the Vatican, October 19, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing Rights ROME, Nov 1 (Reuters) – Pope Francis said on Wednesday that he will attend the COP28 climate … Read more

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

Exclusive: Japan’s JFE Steel eyes stake in Teck’s coal business -sources

[1/2]The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights TORONTO, Oct 19 (Reuters) – Japan’s JFE Steel Corp is in talks to buy a stake in … Read more

US broadly eases Venezuela oil sanctions after election deal

US broadly eases Venezuela oil sanctions after election deal

Venezuela’s President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing Rights WASHINGTON, Oct 18 (Reuters) – The Biden administration on Wednesday broadly eased sanctions on Venezuela’s oil sector in response to a deal reached between the … Read more

Exclusive: Natgas producer Chesapeake explores buying Southwestern Energy -sources

Exclusive: Natgas producer Chesapeake explores buying Southwestern Energy -sources

A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Oct 17 (Reuters) – U.S. natural gas producer Chesapeake Energy Corp (CHK.O) has approached Southwestern Energy (SWN.N), a peer valued by the stock market at … Read more

Exxon in talks to pay over $250 per share for Pioneer – Bloomberg News

Exxon in talks to pay over $250 per share for Pioneer – Bloomberg News

ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 10 (Reuters) – Top U.S. oil producer Exxon Mobil (XOM.N) is in talks to pay more than $250 per share for Pioneer Natural Resources Co (PXD.N), Bloomberg News reported on Tuesday. An all-stock … Read more

Finland says ‘outside activity’ likely damaged gas pipeline, telecoms cable

Finland says ‘outside activity’ likely damaged gas pipeline, telecoms cable

Gas pipeline, telecoms cable connect Finland and Estonia Cause of the damage, and who did it, unclear – Finnish PM No threat to energy safety, telecommunications – Finnish PM European gas prices rise on the news HELSINKI, Oct 10 (Reuters) – A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the … Read more

First hydrogen train in Middle East to begin trials next week, Saudi energy minister says

First hydrogen train in Middle East to begin trials next week, Saudi energy minister says

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 2023. REUTERS/Ahmed Yosri/File Photo Acquire Licensing Rights RIYADH, Oct 8 (Reuters) – Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East … Read more

Exclusive: Iraq to end all dollar cash withdrawals by Jan. 1 2024, central-bank official says

Exclusive: Iraq to end all dollar cash withdrawals by Jan. 1 2024, central-bank official says

BAGHDAD, Oct 5 (Reuters) – Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of U.S. sanctions on Iran, a top Iraqi central bank official said. The move aims to … Read more