By Sonali Paul MELBOURNE (Reuters) -Proxy advisory firm Glass Lewis has recommended Woodside Petroleum shareholders reject the company’s climate report at its annual meeting this month, saying it lacks substance. Woodside’s plan lags efforts by other oil and gas companies on tackling customers’ emissions, Glass Lewis said in a report seen by Reuters, adding it…
(Refiles to correct spacing in paragraph 16) By Chen Aizhu and Bozorgmehr Sharafedin SINGAPORE/LONDON (Reuters) – China’s Iranian oil imports in April came off peak volumes seen in late 2021 and early 2022 as demand from independent refiners weakened after COVID-19 lockdowns pummelled fuel margins and on growing imports of lower-priced Russian oil. The easing…
By Noah Browning and Dmitry Zhdannikov LONDON (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address…
By Alun John HONG KONG (Reuters) – Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $33,266 in morning trade, testing the January low of $32,951. A…
By Wayne Cole SYDNEY (Reuters) – Asian markets were in retreat on Monday as U.S. stock futures slid on rate worries, and a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession. “A series of rate hikes and hawkish communication came against a backdrop of plummeting Chinese and European activity, new…
By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) policymakers remained unwavering in their resolve to keep massive monetary stimulus, even as some saw signs of change in the country’s low-inflation environment, minutes of their March policy meeting showed on Monday. Several in the nine-member board said some big firms were raising wages and…
By Wayne Cole SYDNEY (Reuters) – Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession. “A series of rate hikes and hawkish communication came against a backdrop of…
By Wayne Cole SYDNEY (Reuters) – Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession. “A series of rate hikes and hawkish communication came against a backdrop of…
By Ju-min Park and Joe Brock SANGDONG, South Korea (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen better days, could be a catalyst for South Korea’s bid to break China’s dominance of critical minerals and stake its claim to the raw materials of the future. The…
WILMINGTON, Del. (Reuters) – President Joe Biden will draw a contrast between his economic plans and those of Republicans in remarks on Tuesday focused on inflation, a White House official said. Biden, a Democrat who is suffering from low approval poll numbers ahead of the November midterm elections, has sharpened his rhetoric against Republicans in…
