DUBAI (Reuters) – The chairman of Abu Dhabi-based conglomerate Royal Group, Sheikh Tahnoon bin Zayed Al Nahyan, said on Thursday that the company has identified a number of “outstanding” investment opportunities in the U.S. market that it plans to pursue. “First and foremost, I’d like to reiterate that I firmly believe in the stability and…
By Curtis Williams HOUSTON (Reuters) – The U.S. Department of Energy’s refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail to meet a construction deadline poses a new hurdle for greenfield plants, analysts said on Thursday. The DOE last month said it would grant future extensions solely on extenuating circumstances…
(Reuters) – Shares of Beyond Meat tumbled 18% to new lows on Thursday after the plant-based substitute meat seller said it would sell up to $200 million worth of new shares as it faces a shrinking cash pile. Last trading at $10.26, Beyond Meat’s stock has slumped from highs of over $239 in the months…
KHARTOUM (Reuters) – The U.N. on Thursday urged countries with influence in Africa to help end the conflict in Sudan after reported progress in ceasefire talks between the army and the rival paramilitary Rapid Support Forces (RSF). Clashes rocked Halfaya, an entry point to the capital, early on Thursday as residents heard warplanes circling over…
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 fell on Thursday, dragged down by Walt Disney Co which reported weaker subscriber growth and declines in regional bank and energy stocks. Lifting the Nasdaq, shares of Alphabet Inc rose 4.5% a day after Google rolled out more artificial intelligence products to…
By David Shepardson (Reuters) -The National Transportation Safety Board (NTSB) said on Thursday it is investigating the derailment of a Norfolk Southern freight train near New Castle, Pennsylvania, the latest incident involving the railroad. The Pennsylvania derailment Wednesday is about 20 miles from the site of a Feb. 3 East Palestine, Ohio Norfolk Southern-operated train…
By Elisa Anzolin and Pablo Mayo Cerqueiro MILAN/LONDON (Reuters) – Italian steelmaker Feralpi Group is sounding out investment banks to arrange a possible initial public offering (IPO), three sources familiar with the matter told Reuters. Reuters reported in early April that family-owned Feralpi was working with advisers at Lazard to devise strategic options, including a…
SAO PAULO (Reuters) -Brazil’s state-run oil company Petrobras said on Thursday its board approved dividends later this year of about 24.7 billion reais ($4.94 billion), but also hinted at future changes in its payout policy. Petroleo Brasileiro SA, as the firm is formally known, said in a filing with regulators that it will pay dividends…
(Reuters) – The capacity of coal-fired power plants in the United States by 2050 will decline by more than half from 2022 levels, as environmental regulations raise costs and new plants powered by natural gas and renewable energy displace the aging fleet, the U.S. Energy Information Administration (EIA) said on Thursday. The Biden administration unveiled…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy. The number of…
