By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP’s second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production. The strong performance caps a blowout quarter for the top Western oil and…
AMSTERDAM (Reuters) -Amsterdam’s Schiphol Airport said on Tuesday that passenger caps introduced for the summer season to cope with long waiting times and other logistical problems will be extended into September and October. The airport will also continuing other measures, such as asking passengers to show up no more than four hours before their flights,…
LONDON (AP) — BP said its earnings from April to June almost tripled from a year earlier, increasing pressure on governments to intervene as energy companies profit from high oil and natural gas prices that are fueling inflation and squeezing consumers. Net income jumped to $9.26 billion in the second quarter from $3.12 billion in…
By Alex Lawler LONDON (Reuters) -Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide whether to increase supply. Surveys showed on Monday that factories across the United States, Europe and Asia struggled for momentum…
BEIJING (AP) — Asian stock markets rose Wednesday as traders watched for signs trade might be disrupted by U.S.-Chinese tensions over an American lawmaker’s visit to Taiwan. Shanghai, Hong Kong, Tokyo and Seoul advanced after Beijing announced a ban on imports of some Taiwanese goods but no immediate major penalties following the arrival of Speaker…
(Reuters) – European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to visit Taiwan. The pan-European STOXX 600 slid 0.6% at 7:08 GMT. Pelosi was set to visit Taiwan on Tuesday, three sources said, as…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a fourth consecutive month to a six-year high of 1.85%. The Reserve Bank of Australia’s decision was the cash rate’s third consecutive hike of half a percentage point. When the bank lifted the rate by a quarter percentage point at…
By Stephanie Kelly (Reuters) -Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply. Brent crude futures dropped 24 cents, or 0.2%, to $99.82 a barrel by 0634…
KALGOORLIE, Australia (Reuters) – Gold Fields Chief Executive Chris Griffith said on Tuesday that convincing the company’s shareholders to back its takeover offer for Canada’s Yamana Gold was still a “work in progress”. The South Africa listed miner, with assets in Australia, Africa and South America, announced plans in May to acquire Yamana in an…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japan’s average minimum wage is set to rise at a record pace this year, the government said on Tuesday, a positive development for Prime Minister Fumio Kishida’s efforts to cushion households from global commodity inflation. The health ministry formally approved a recommendation by its sub-committee that the…
