China’s state planner unveils steps to spur private investment

BEIJING (Reuters) – China’s state planner on Monday unveiled measures that seek to promote, encourage and spur private investment in some infrastructure sectors and said it will strengthen financing support for private projects. The latest announcement comes as China last week pledged to improve the private sector, releasing guidelines by the Communist Party and the…

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Aussie competition regulator delays decision on ANZ’s $3.3 billion Suncorp Bank buy

(Reuters) -Australia’s competition regulator on Monday said it has delayed its decision on ANZ Group Holdings’ proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank by a week to August 4, and has requested a further extension of one week. The Australian Competition and Consumer Commission (ACCC) in a letter to ANZ on Thursday requested…

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Chevron CEO to stay past retirement age, finance chief to depart in 2024

By Sabrina Valle (Reuters) – U.S. oil major Chevron Corp announced sweeping management changes on Sunday, including the retirement next year of its finance chief and extension of the mandatory retirement age for Chief Executive Officer Michael Wirth. Chief Financial Officer Pierre Breber, 58, will retire in 2024, and will be replaced by the company’s…

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G20 bloc fails to reach agreement on cutting fossil fuels

By Sudarshan Varadhan and Nidhi Verma BAMBOLIM, India (Reuters) -The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. Scientists and campaigners are exasperated by international bodies’ foot-dragging on action to curb global warming even as extreme weather…

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Chevron’s $6 billion second-quarter profit tops analysts’ outlook

By Sabrina Valle HOUSTON (Reuters) – Chevron Corp’s second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year. In a rare preview of its results that coincided with the…

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