DENVER (Reuters) – U.S. shale producer EOG Resources on Friday said it may delay some well completions in its Dorado natural gas play in Texas due to a low price environment. Natural gas prices tumbled around 50% at the start of this year. On Friday Henry Hub futures were trading around $2.13 per million British…
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) -Italy’s Treasury is ready to back a joint purchase proposal for Telecom Italia’s (TIM) grid by KKR and state lender CDP in a bid to end a stalemate over the sale process of the phone group’s prized asset, sources told Reuters. TIM directors on Thursday set a…
WASHINGTON (Reuters) – Buying land near eight U.S. military bases could become more difficult for foreign companies and citizens under a Treasury Department rule proposed by the Biden administration on Friday. The proposed rule would expand the jurisdiction of the Treasury’s Committee on Foreign Investment in the United States, which reviews foreign investment and real…
HAVANA (Reuters) – Cubans rallied on Havana’s Malecon waterfront boulevard to celebrate International Worker’s Day on Friday, five days after the planned May 1 event was called off due to foul weather and a fuel crisis that has crippled public transport on the island. Thousands of Cubans, many dressed in white, red and blue t-shirts,…
ABUJA (Reuters) – Nigeria’s election tribunal will on Monday start hearing opposition petitions challenging president-elect Bola Tinubu’s victory in the disputed February presidential vote, court records showed on Friday. Tinubu, from the ruling All Progressives Congress party, defeated his closest rivals Atiku Abubakar of the People’s Democratic Party and Labour Party’s Peter Obi, who alleged…
By Blake Brittain (Reuters) – Sonos Inc and Alphabet’s Google LLC will face off in a San Francisco federal trial on Monday over claims that Google copied Sonos’ patented smart-speaker technology in wireless audio devices like Google Home and Chromecast Audio. The case is part of a sprawling intellectual property dispute between the former business…
BELGRADE (Reuters) – The Serbian government said it had introduced a set of measures on Thursday to prevent potential violence in schools a day after a 13-year-old boy shot and killed eight students and a guard in a Belgrade elementary school. The shooter took guns belonging to his father and went to school where he…
By Tiyashi Datta (Reuters) -AMC Entertainment Holdings Inc on Friday provided an upbeat assessment of box office recovery this year, after beating quarterly revenue estimates as films including the latest installment of “Ant-Man” drew moviegoers to theaters. Movie theaters have started to see a revival in footfalls after an uneven recovery from pandemic lows, thanks…
By Sourasis Bose (Reuters) -PBF Energy Inc boosted its share buyback authorization to $1 billion after soaring margins helped the U.S. refiner to beat first-quarter profit estimates. The company expects to continue and potentially increase shareholder returns. Shares rose 2% in the morning trade. PBF’s gross refining margin, excluding special items, soared 65% to $1.41…
By Elizabeth Piper and Vlad Smilianets OUTSKIRTS OF KHERSON, Ukraine (Reuters) -Some residents left the southern Ukrainian city of Kherson in cars and buses on Friday, and others stocked up on groceries, before a weekend curfew imposed as Kyiv prepares for a counter-offensive against Russian forces. The announcement of the unusually long curfew, due to…
