Author: Press Room
© Reuters. FILE PHOTO: A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken Feb. 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Ron Bousso LONDON (Reuters) – Chevron (NYSE:) is negotiating contracts to supply liquefied (LNG) into Europe for up to 15 years as buyers expect the region to rely on imports for longer than previously thought, an executive at the U.S. oil and gas company said. The new willingness by buyers to agree on long-term supply deals comes after several European governments rolled back some green policies citing higher costs and economic…
Glatfelter Corporation Non-GAAP EPS of -$0.23, revenue of $330M; narrows FY 23 outlook
© Reuters. The Swiss National Bank (SNB) has partnered with six commercial banks, including UBS, Zuercher Kantonal Bank, Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank (ETR:), and Hypothekarbank Lenzburg for a wholesale Central Bank Digital Currency (CBDC) pilot project. The initiative, dubbed Helvetia Phase III, aims to tokenize the Swiss franc for digital securities transactions on SDX, a regulated Distributed Ledger Technology (DLT) platform. The pilot project, led by SNB Chairman Thomas Jordan, is set to run from December 2023 to June 2024. It will experiment with Swiss Franc wholesale CBDC to settle transactions with tokenized assets. This approach promises increased…
Several mayors who welcomed a surge of migrants into their sanctuary cities are now requesting the Biden administration give them billions of dollars in federal aid to help support these new residents.The mayors of Chicago, Denver, Houston, Los Angeles and New York have urgently requested to meet with President Biden about getting federal support or resources in managing these migrants.In a letter obtained by The Associated Press, the Democratic leaders told the Biden administration on Wednesday that they appreciate the $1.4 billion in proposed aid but that they need much more — a whopping $5 billion — to ease the…
When you buy through our links, Insider may earn an affiliate commission. Learn more Want to watch some free international cricket online? Free Cricket World Cup live streams are available for most of the best matches throughout the tournament, including Australia vs. England on Saturday and India vs. South Africa on Sunday. Various affordable subscriptions will get you access to every game. You can access these paid or free cricket live streams from other countries with some digital maneuvering, and we’ll show you how below.The 2023 ICC Men’s Cricket World Cup is approaching the end of the ‘league’ stage now,…
Greetings everyone, this is Cissy from Hong Kong.Last week, I attended the Japan Mobility Show, where BYD became the first Chinese passenger vehicle maker to participate in Japan’s flagship auto expo, which has traditionally been dominated by local brands.Wang Chuanfu, the EV maker’s founder, also showed up at the event. I was sitting right behind him during his company’s presser, but he didn’t say a single word the entire time. Even when I whispered questions to him, he just laughed without answering.Hundreds of people, including Toyota CEO Koji Sato, gathered around BYD’s booth to watch the presentation. Sato greeted Wang…
Gulf central banks, including those of Qatar and the United Arab Emirates (UAE), have held their interest rates steady, in response to the Federal Reserve’s decision to maintain interest rates at a 22-year high for two consecutive meetings. This decision comes amid concerns over the potential economic and inflationary impacts of escalating Treasury yields. The Federal Reserve’s decision has been closely watched by global financial markets, as it has held its interest rates at a historically high level due to fears of rising Treasury yields. The US central bank’s move is being viewed as a defensive strategy against the potential…
© Reuters. A view shows a Starbucks logo at a Starbucks coffee outlet in New Delhi, India, May 30, 2023. REUTERS/Anushree Fadnavis (Reuters) – Starbucks (NASDAQ:) beat Wall Street expectations for quarterly comparable sales on Thursday, as steady demand for its pricey coffees and cold drinks in North America offset a feeble recovery in China. Shares of the global coffeehouse juggernaut rose 3% in premarket trading. Starbucks has benefited from a younger, more affluent consumer base despite the wider U.S. restaurant industry grappling with a slowdown as sticky inflation prompts people to rethink dining out. Traffic at the coffee chain’s…
Novo Nordisk (NVO) shares gained 3% premarket on Thursday after the Danish pharmaceutical company reported a 29% year-on-year growth in third quarter sales. The top-line performance was positively impacted by demand for Novo’s highly popular weight-loss drug, Wegovy, and another related medicine for diabetes, Ozempic. Operating profit (EBIT) rose 33% to 26.9B Danish crowns. Sales and profit were both in line with preliminary estimates released last month. Sales of obesity drug Wegovy surged from DKK 1.16B to DKK 9.65B in Q3, while Saxenda sales were down 18% to DKK 2.6B. For the first nine months of 2023, sales of Wegovy…
© Reuters. FILE PHOTO: Swiss National Bank Chairman Thomas Jordan attends the shareholders meeting of SNB in Bern, Switzerland, April 28, 2023. REUTERS/Denis Balibouse/File Photo ZURICH (Reuters) – The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for financial institutions, with UBS and Zuercher Kantonal Bank among those signed up to take part. The pilot, using a real Swiss franc wholesale CBDC, will also involve four other commercial Swiss banks – Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank (ETR:) and Hypothekarbank Lenzburg. “With this pilot project, we are now,…