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Uniper sells 2023, 2024 German and Nordic power output
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Uniper in talks with German government, Gazprom on rouble payment scheme
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Telenor Q1 profit misses forecast as costs rise
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DSM earnings beat expectations as strong demand offsets inflation
HSBC shares rise as markets warm up to break-up proposal by top shareholder
Date: May 3, 2022
By Anshuman Daga and Selena Li SINGAPORE/HONG KONG (Reuters) -Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a break-up of the London-headquartered bank in a bid to improve returns. Sources familiar with the situation said on Friday that Ping An had called on HSBC to look...
In shift, Germany says it could back immediate EU ban on Russian oil
Date: May 2, 2022
By Tom Balmforth KYIV (Reuters) -Germany said on Monday it was prepared to back an immediate European Union embargo on Russian oil, a major shift from Moscow’s biggest energy customer that could let Europe impose such a ban within days. Russia’s energy exports – by far its biggest source of income – have so far...
Ukraine and Russia: What you need to know right now
Date: May 2, 2022
(Reuters) – In a major shift, Germany said it was prepared to back an immediate European Union embargo on Russian oil, possibly paving the way of imposing such a ban within days, while efforts to evacuate civilians from devastated Ukrainian port city of Mariupol ran into delays. FIGHTING * A Russian rocket strike hit a...
U.S. stocks gain, Treasury yields hit multi-year highs ahead of expected Fed rate hike
Date: May 2, 2022
By Stephen Culp NEW YORK (Reuters) -Wall Street recovered some lost ground on Monday and benchmark U.S. Treasury yields hit a 3-1/2-year high at the start of an eventful week of corporate earnings, economic data, and an expected interest rate hike from the U.S. Federal Reserve. All three major U.S. stock indexes were last modestly...
EU set to ban Russian oil, ministers hold crisis talks on gas
Date: May 2, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU energy ministers on Monday held crisis talks on Moscow’s demand that foreign buyers pay for gas in roubles or lose their supply. The European Commission is expected to propose a sixth package...
BP to keep betting on lower carbon, more economical offshore oil output
Date: May 2, 2022
HOUSTON (Reuters) – British oil major BP will continue betting on “lower carbon, more economical” offshore oil and gas exploration and production, a company executive said on Monday, warning that lack of investment could lead to global oil scarcity. Offshore operations allow better control of emissions, especially in the U.S. Gulf of Mexico, said Starlee...