By Liz Hampton and Rithika Krishna (Reuters) -Oilfield services firm Halliburton Co posted an 85% rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its services and equipment. Crude futures climbed to their highest level in more than a decade during the quarter after a slew of Western…
(Reuters) – Halliburton Co posted a rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its oilfield services and equipment. The Houston, Texas-based company’s adjusted net income was $314 million, or 35 cents per share, for the quarter to March 31, compared with $170 million, or 19 cents…
TAIPEI (Reuters) – A senior Taiwanese minister has pressed U.S. Trade Representative Katherine Tai to include the island in the United States’ forthcoming Indo-Pacific Economic Framework, his office said on Tuesday. Tai last month declined to say if Taiwan would be invited to join the Biden administration’s Indo-Pacific economic plan, spurring Senate criticism that excluding…
JOHANNESBURG (Reuters) – African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry group on Tuesday. The success of companies like Nigeria’s Paystack, acquired in 2020 by U.S. payments firm Stripe,…
(Reuters) – European shares were set for their worst day in nearly two weeks on Tuesday as worries about the war in Ukraine, expectations of aggressive monetary policy tightening by the U.S. Federal Reserve and mixed earnings kept investors on edge. The pan-European STOXX 600 lost 1.0% after dropping 0.9% last week. Travel and construction…
MADRID (Reuters) – Fund manager Reade Griffith bought a minority stake in Spanish broadcaster Mediaset Espana after its parent company MediaForEurope launched a public takeover offer, a filing to the Spanish stock regulator showed. Griffith, who heads Amsterdam-listed investment fund Tetragon’s Investment Committee, owns a 1.022% stake in Mediaset Espana through financial instruments since Monday,…
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday. A delegation headed by Sri Lanka’s Finance Minister Ali Sabry kicked off formal talks with the IMF in Washington on Monday for a programme the…
By Lisa Pauline Mattackal and Medha Singh (Reuters) – A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG, has jumped…
By Ben Blanchard TAIPEI (Reuters) – Taiwanese electric scooter maker Gogoro Inc has all the chips it needs for now, founder and Chief Executive Horace Luke said on Tuesday, but could face a squeeze by year-end as it pushes big plans to grow in China, India and Southeast Asia. While a global shortage of semiconductors…
By Mohi Narayan and Sonali Paul (Reuters) -Oil prices rose on Tuesday as investors fretted over tight global supply after Libya was forced to halt some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries. Brent crude futures rose 61 cents, or 0.5%, to $113.77 a barrel…
