Author: Press Room
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.Oil and gas companies face virtually no extra borrowing costs compared with less polluting companies, despite efforts by the UN and international organisations to encourage banks and big investors to reduce their lending to the fossil fuel sector which is behind global warming.Since 2010, borrowing costs for oil and gas companies in the US and Europe have largely mirrored those for other debt issuers, except for during sharp falls in commodity prices, according to analysis by S&P Global Ratings seen…
WASHINGTON – The United States and the Philippines have solidified their partnership with the signing of the “123 agreement,” a civil nuclear pact that will enable American companies to export nuclear technology to the Southeast Asian nation. This move is part of a broader initiative to enhance clean energy development in the Philippines and create growth opportunities for US businesses. The agreement, signed at the Asia Pacific Economic Cooperation Summit in San Francisco on Thursday, marks a significant step in bilateral relations between the two countries. It aligns with President Ferdinand Marcos Jr.’s strategy, as outlined in his first State…
© Reuters. Warner Music Group (WMG) reported robust fourth-quarter earnings and a strong fiscal year 2023, ending September 30, with significant revenue growth and margin expansion. The company’s focus on global expansion, particularly in emerging markets like India, and its strategic investments in technology, are key drivers of its optimistic growth outlook. Key takeaways from the earnings call:Warner Music Group’s Q4 revenue and adjusted OIBDA grew by 5% and 18%, respectively. For the full fiscal year, the company reached over $6 billion in revenue for the first time, with revenue growth of 4% and adjusted OIBDA growth of 10%.The company…
© Reuters. Investing.com– Gold prices rose slightly on Friday and were headed for a strong weekly performance as more weak U.S. economic data spurred bets that the Federal Reserve was done raising interest rates. The yellow metal was set for its best week since early-October, and was once again trading close to the $2,000 an ounce level after dropping sharply over the past week. rose 0.2% to $1,985.60 an ounce, while rose slightly to $1,988.05 an ounce by 00:06 ET (05:06 GMT). Gold marks strong weekly gain, more Fed cues awaited Prices of the yellow metal were set to rise…
Movella receives Nasdaq notice regarding late form 10-Q filing
Several leading Pennsylvania universities that receive millions of dollars in state aid must publicly disclose more records about their finances, employment and operations, under legislation signed Thursday by Gov. Josh Shapiro.Shapiro, a Democrat, signed the bill a day after it passed the Senate unanimously.For years, lawmakers have sought to expand public disclosure requirements over Pennsylvania’s four state-related universities: the University of Pittsburgh and Temple, Lincoln and Penn State universities.PA SENATE AUTHORIZES UNIVERSITY FUNDING AMID ONGOING FISCAL YEAR DISPUTEThe schools supported the bill that passed.Under it, the universities will be required to publish various pieces of information about their finances, employment…
Linda Yaccarino’s efforts to reassure companies about X are being undermined by Elon Musk.Yaccarino released a statement on Thursday saying X is working to combat antisemitism.However, one day before her post, Musk supported an antisemitic conspiracy theory on the platform. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Linda Yaccarino’s efforts to reassure companies that X is safe for brands are being undermined by Elon Musk’s actions.Yaccarino, the CEO of X, took to X to share a statement on Thursday, writing that the platform…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The new head of the UK’s accounting watchdog has signalled he is relaxed about the continued dominance of the Big Four in Britain’s audit market, striking a more conciliatory tone towards the sector than his predecessor. Richard Moriarty, chief executive of the Financial Reporting Council, told the Financial Times that it would not be a failure if Deloitte, EY, KPMG and PwC still audited almost all of the FTSE 100 by the end of his term. “I certainly wouldn’t see it as a…
© Reuters. FILE PHOTO: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File Photo By Mike Dolan LONDON (Reuters) – Even with two geopolitically risky wars raging and a series of critical elections next year, there’s little in annual outlooks suggesting investors should head for the bunkers. Judging by a torrent of 2024 investment advisories already filling inboxes, anxious geopolitics – turbulent for over five years amid trade wars, a pandemic, Russia’s invasion of Ukraine and the Israel-Hamas war – is now almost considered a constant…
© Reuters. FILE PHOTO: Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo By Donny Kwok and Casey Hall HONG KONG/SHANGHAI (Reuters) -Alibaba Group’s Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S. curbs on exports to China of semiconductors used in artificial intelligence applications. The drop, potentially its biggest one-day fall in more than a year, wiped about $20 billion off the Chinese tech giant’s market value. It was the first market reaction in…