By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.25% for a second straight meeting on Thursday and the remainder of the year as price pressures ease, a Reuters poll of economists found. Inflation has steadily decreased from a 14-year peak in January and…
KYIV (Reuters) – Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tuesday. It said the facility would create 250 jobs. “This investment reflects our commitment as Ukraine’s long-term economic partner,” Maksym Barabash, Chief…
By Andrew Mills and Maha El Dahan DOHA (Reuters) -Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha’s massive production expansion project. China National Petroleum Corporation (CNPC) and QatarEnergy signed a…
(Reuters) -Energy company NiSource said on Tuesday it would sell a minority stake in its unit, NIPSCO, for $2.15 billion to asset manager Blackstone’s infrastructure unit. The transaction will help Nisource cut debt and fund its transition towards renewable energy, the company said. NIPSCO is an integrated electric- and gas-distribution unit that operates in Indiana…
(Reuters) – Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp, outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring of its China operations. Here are some of the highlights from Hyundai’s investor day presentation: CHINA…
(Reuters) – Civitas Resources said on Tuesday it would acquire oil and gas operations in the Permian Basin from private equity firm NGP Energy Capital Management for $4.7 billion, expanding its operations into the lucrative shale patch. Under the terms of the transactions, Civitas has agreed to purchase a portion of Tap Rock’s Delaware Basin…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St looks set to return from the ‘Juneteenth’ holiday in a slightly more cautious mood as hawkish European policymakers contrast with another interest rate cut in China and as U.S. housing dominates the data slate. Both the S&P500 and Nasdaq…
By Jonathan Saul LONDON (Reuters) – Libra Group said it aims to become the world’s first space leasing company offering satellites, space ports and other infrastructure, and is setting up a ground station in the Alaskan Arctic, vital for polar orbits that monitor climate change. “There is no space leasing company,” George Logothetis, the executive…
By Sinchita Mitra (Reuters) – Continued hiring caution and declining demand in the U.S. and life sciences sector dented SThree’s half-year net fees from permanent hires, although strong demand for contract workers sustained the British recruiter’s overall growth. Still-high inflation has pushed companies to cut jobs, freeze hiring, and to favour temporary over permanent roles…
By Arathy Somasekhar HOUSTON (Reuters) – U.S. sweet and sour oil differentials narrowed significantly this month, pricing data showed, as demand for higher sulfur crudes climbed from refineries and exporters while supplies tightened. The spread between Light Louisiana Sweet and Mars sour crude, both priced in Louisiana, narrowed to $1.70 a barrel last week from…
