Reuters exclusively reported that Canada will not force Chinese investors to sell their stakes in three of Canada’s biggest mining firms, Teck Resources, Ivanhoe Mines, and First Quantum Minerals. Canada’s Natural Resources Minister, Jonathan Wilkinson, told Reuters in an interview that any retrospective move will create policy uncertainty. In November, Canada forced three Chinese companies...
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March 9, 2023March 9, 2023Finance
Urals oil supplies to Turkey jump in Feb as STAR refinery resumes Russian crude imports
Reuters exclusively reported that supplies of Russian flagship Urals crude oil to Turkey reached a four-month high in February after STAR refinery, owned by Azerbaijan’s oil firm SOCAR, resumed purchases of the blend. Sea-borne Russian oil supplies are subject to an embargo by the European Union and the price is capped by the West to...
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March 9, 2023March 9, 2023Finance
Canada’s Baytex Energy nears $2.5 bln deal for U.S. peer Ranger Oil
Reuters was first to report that Canadian oil and gas producer Baytex Energy Corp was nearing a deal to acquire U.S. peer Ranger Oil Corp for around $2.5 billion including debt. The deal, which was announced the following day, significantly boosts Baytex’s presence in South Texas’ Eagle Ford shale basin, which currently represents around 30%...
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March 9, 2023March 9, 2023Finance
Mexico’s Pemex increased gas flaring at top field, despite pledge to stop
Reuters exclusively discovered that gas flaring from the vast Ixachi field in Veracruz state not only continued, it increased after Pemex promised to stop burning natural gas from the Southeast Mexican field amid mounting pressure to improve its poor environmental record. The post <strong>Mexico’s Pemex increased gas flaring at top field, despite pledge to stop</strong>...
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March 9, 2023March 9, 2023Finance
Russia plans deep March oil export cuts
Reuters exclusively reported that Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to lift prices for its oil, three sources in the Russian oil market said. Russia had already announced plans to cut its oil production by...
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March 9, 2023March 9, 2023Finance
Stocks making the biggest moves midday: Stitch Fix, Tesla, WeWork, Campbell Soup and more
Stitch Fix fell on disappointing quarterly results.
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March 9, 2023March 9, 2023Finance
Stocks making the biggest moves after hours: Silvergate Capital, MongoDB, Uber and more
These are the stocks posting the largest moves in extended trading.
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March 9, 2023March 9, 2023Finance
Credit Suisse to delay its 2022 annual report after a ‘late call’ from the SEC
Credit Suisse announced that it will delay the publication of its 2022 annual report after a late call with the SEC on Wednesday night.
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March 9, 2023March 9, 2023Finance
Meet the woman who wrote a shocking account of her life on Wall Street
Jamie Fiore Higgins, who worked at Goldman Sachs for 18 years, wants to break the “taboo” around candidly discussing workplace harassment and assault.
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March 9, 2023March 9, 2023Finance
Watch Fed Chair Jerome Powell speak live in second day of Capitol Hill testimony
On Tuesday, Powell told the Senate Banking Committee that the central bank could raise interest rates moer aggressively if inflation data remains strong.