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Gazprom’s board to consider buying shares
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UK stocks fall after data signals waning consumer demand; Ashtead slides
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European shares fall as weak China, euro zone data dents appetite
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Stocks decline as yields, dollar rise amid global demand worries
Oil prices hit 10-month high as Saudi, Russia extend supply cuts
Date: September 5, 2023
Oil prices hit 10-month high as Saudi, Russia extend supply cuts By Shariq Khan BENGALURU (Reuters) -Oil prices surged 2% on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts by three months to the end of this year, worrying investors about potential shortages during peak winter demand....
SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year
Date: September 5, 2023
SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year By Manya Saini (Reuters) -SoftBank Group’s Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the...
Britain eases planning rules for onshore wind projects in England
Date: September 5, 2023
Britain eases planning rules for onshore wind projects in England By Sachin Ravikumar and Alistair Smout LONDON (Reuters) -British Prime Minister Rishi Sunak’s government said on Tuesday it would speed up the approval process for English onshore wind projects that are backed by local people, easing what has been seen as an effective ban. The...
Tonix’s long COVID drug fails to meet mid-stage trial goal
Date: September 5, 2023
Tonix’s long COVID drug fails to meet mid-stage trial goal (Reuters) – Tonix Pharmaceuticals Holding Corp said on Tuesday its experimental drug failed to meet the primary goal in a mid-stage study for management of widespread muscle pain and tenderness associated with long COVID-19. Shares of the company were down 12% in premarket trading. The...
Exclusive-Shell, Trinidad weigh Venezuela’s natural gas investment demands
Date: September 5, 2023
Exclusive-Shell, Trinidad weigh Venezuela’s natural gas investment demands By Curtis Williams and Marianna Parraga HOUSTON (Reuters) – Shell and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to...
Euro zone producer prices drop for seventh month in July
Date: September 5, 2023
Euro zone producer prices drop for seventh month in July BRUSSELS (Reuters) – Euro zone producer prices fell for a seventh consecutive month in July, data showed on Tuesday, with figures sharply lower than a year earlier possibly offering some comfort to the European Central Bank. The European Union’s statistics office Eurostat said prices at...