(Corrects 2nd paragraph to make it “June 2022” instead of “last month”) By Curtis Williams (Reuters) – Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company’s head of global gas. The second largest U.S. oil and…
(Reuters) – Top oilfield services firm SLB on Friday said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions. SLB, the world’s largest oil service and equipment provider, was one of the few providers to continue working the country’s oil sector following Russia’s invasion…
By Karen Freifeld and Andrea Shalal (Reuters) – Two U.S. senators are pursuing a legislative plan to track U.S. investments in China, as the White House works to complete long-awaited action that would also restrict investment in certain, highly targeted sectors. The Outbound Investment Transparency Act, filed late on Thursday as an amendment to a…
By David Carnevali (Reuters) -MoonLake Immunotherapeutics, a developer of an antibody-derived treatment for inflammatory skin conditions, is exploring a sale, according to people familiar with the matter. The company is working with an investment bank and is having early-stage conversations with drugmakers interested in a potential acquisition, the sources said. The sources added that no…
WASHINGTON (Reuters) -U.S. President Joe Biden’s administration will cancel $39 billion in student debt for more than 804,000 borrowers, the Education Department said on Friday, describing the relief as the result of a “fix” to income-driven repayment (IDR) plans. Borrowers will be eligible for forgiveness if they have made either 20 or 25 years of…
(Reuters) – More than 100 million Americans are facing a prolonged spell of sweltering weather into next week, with the National Weather Forecast issuing heat advisories for cities and towns countrywide. In many places in the Southwest, where hot summers are the norm, extreme temperatures that could break records are predicted. Here are Saturday’s NWS…
By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the…
By Lisa Baertlein LOS ANGELES (Reuters) -The head of the union representing 340,000 United Parcel Service workers on Friday said he’s ready to keep talking with the company, even though his bargaining committee rejected its latest contract offer. Negotiations between the Teamsters and UPS deadlocked last week, with the world’s biggest package delivery company saying…
MEXICO CITY (Reuters) – A floating barrier of orange buoys put in the Rio Grande by the Texan government to hinder migrants crossing into the U.S. violates a water treaty and may encroach on Mexican territory, incoming Mexican Foreign Minister Alicia Barcena said on Friday. “We have sent a diplomatic letter (to the U.S.) on…
(Reuters) – Aspartame, one of the world’s most popular sweeteners, has been deemed a “possible carcinogen” by two groups linked to the World Health Organization, though it remains safe for consumption at already-agreed levels. The sugar substitute, used in products from diet sodas to sugar-free yoghurts and cough drops, is a combination of two amino…
