Category: Regions
Reuters reveals Shells’ LNG Canada Project to Delay Shift to Renewable
Reuters Reuters exclusively reported that Shell PLC’s Canada export project team in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and a switch to electricity as more renewable power becomes available. LNG Canada CEO Jason Klein told Reuters in an interview that lack of transmission infrastructure makes the whole…
Read MoreReuters reveals NI to explore options including sale amid interest from Emerson Electric
Reuters Reuters was first to report that National Instruments Corp had received acquisition interest from Emerson Electric. A few days after the Reuters news, Emerson disclosed a nearly $7 billion hostile offer for NI, which the company had been trying to buy unsuccessfully for several months. The post Reuters reveals NI to explore options including sale amid…
Read MoreReuters reveals Exxon prepares to start up $2 bln Texas oil refinery expansion
Reuters Reuters exclusively reported that Exxon Mobil Corp will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, completing a $2 billion expansion first considered nine years ago. Initial startup of a crude distillation unit at the 369,000-bpd refinery is expected by Jan. 31, making the Beaumont refinery the second largest in the…
Read MoreReuters reveals Southwest CEO says all options ‘on the table’ after carrier’s meltdown, and vows responsibility
Reuters Reuters exclusively revealed that Southwest Airlines Co Chief Executive Bob Jordan is looking at all options to ensure the operational meltdown the company suffered last month is not repeated. The Dallas-based carrier has been dealing with customer outrage and regulatory scrutiny after a systems meltdown left thousands of passengers stranded. The post Reuters reveals…
Read MoreReuters reveals Canada’s Trudeau urges Alberta to contribute to carbon-capture incentives
Reuters Reuters shed light on how Canadian Prime Minister Justin Trudeau urged the government of the main oil-producing province of Alberta to use its budget surplus to help bolster tax credits meant to help scale-up carbon- capture and storage, and reduce emissions. The post Reuters reveals Canada’s Trudeau urges Alberta to contribute to carbon-capture incentives…
Read MoreReuters reveals TikTok freezes consultant hiring for U.S. security deal as opposition mounts
Reuters Reuters exclusively revealed that TikTok has put on hold a hiring process for consultants that would help it implement a potential security agreement with the United States as opposition to such a deal among U.S. officials grows. President Joe Biden revoked an executive order in 2021 by his predecessor Donald Trump to ban TikTok…
Read MoreReuters reveals drugmakers to raise prices on at least 350 drugs in U.S. in January
Reuters Reuters exclusively revealed that drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the United States on more than 350 unique drugs in early January. The increases are expected to come as the industry prepares for the Biden Administration’s Inflation Reduction Act, which lets…
Read MoreReuters reveals Ghana suspending debt service payments on its external obligations
Reuters Reuters was first to report that Ghana suspended payments on much of its external debt, effectively defaulting as the west African country struggles to plug its cavernous balance of payments deficit. Prices of Ghana’s sovereign international bonds dropped sharply in the wake of the announcement. Ghana had already announced a domestic debt restructuring and…
Read MoreReuters reveals U.S. puts sanctions on Turkish businessman, citing links to Iran’s Quds Force
Reuters Reuters exclusively revealed that the Biden administration was to impose sanctions on prominent Turkish businessman Sitki Ayan and his network of companies, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran’s Revolutionary Guard Corps (IRGC). According to the Treasury, the companies established international sales contracts for…
Read MoreReuters reveals Latin American e-commerce and fintech firm MercadoLibre in talks with WhatsApp on business messaging payment
Reuters Reuters was first to report that Latin American e-commerce and fintech firm MercadoLibre was in talks with Meta to process payments for its WhatsApp messaging service starting in Brazil. MercadoLibre Chief Financial Officer Pedro Arnt told Reuters in an interview that the firm was already in the test phase. Facebook owner Meta said last month that…
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