By Chen Aizhu SINGAPORE (Reuters) – PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said. PetroChina’s plan follows a similar strategic shift by…
By Caroline Valetkevitch NEW YORK (Reuters) -Stocks on global indexes were lower on Tuesday following a drop in June U.S. consumer confidence, while oil prices gained for a third day. The euro weakened after the European Central Bank president offered no fresh insight into the central bank’s policy outlook. The Conference Board said U.S. consumer…
(Corrects analyst surname from Mallinson to Bronze throughout) LONDON (Reuters) – G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday. The officials, who include U.S. Treasury Secretary Janet Yellen, say the measure will…
WASHINGTON (AP) — U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade. The Conference Board said Tuesday that its consumer confidence index slipped to 98.7 in June from 103.2 in May, the…
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed in May as exports increased strongly, suggesting that trade could contribute to economic growth in the second quarter for the first time in nearly two years. The report from the Commerce Department on Tuesday also showed solid increases in wholesale and retail inventories….
NEW YORK (AP) — The American Folk Art Museum, unlike many other arts institutions, managed to avoid layoffs and other cutbacks in the two years after the pandemic through a mix of fundraisers and increased donor contributions. On Tuesday, the museum plans to announce its largest and most unusual recent gift — a $5 million…
LONDON (AP) — The European Medicines Agency says it will begin reviewing data to decide if a smallpox vaccine made by the pharmaceutical company Bavarian Nordic might also be authorized for monkeypox, amid a growing outbreak of the disease across the continent. In a statement on Tuesday, the EU drug regulator noted that the vaccine,…
WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in May as exports increased, suggesting that trade could contribute to economic growth this quarter for the first time in nearly two years. The goods trade deficit fell 2.2% to $104.3 billion, the Commerce Department said on Tuesday. Goods exports rose $2.0 billion to $176.6…
THE HAGUE, Netherlands (AP) — Farmers protested around the Netherlands as lawmakers voted Tuesday on proposals to slash emissions of damaging pollutants, a plan that will likely force farmers to cut their livestock herds or stop work altogether. The government says emissions of nitrogen oxide and ammonia, which livestock produce, must be drastically reduced close…
MADRID (AP) — Turkey agreed Tuesday to lift its opposition to Sweden and Finland joining NATO, ending an impasse that had clouded a leaders’ summit opening in Madrid amid Europe’s worst security crisis in decades, triggered by the war in Ukraine. After urgent top-level talks with leaders of the three countries, alliance Secretary General Jens…
