(Reuters) – Pioneer Natural Resources’s first quarter results will be hit by a $691 million loss on oil and gas derivatives, it said in a securities filing on Tuesday, becoming the latest U.S. shale oil company to warn of charges due to hedging.Many producers raced to lock in sales when crude oil prices rose to…
The U.S. Senate on Tuesday voted to confirm Janet McCabe as deputy administrator of the Environmental Protection Agency, who will play a key role in implementing the Biden administration’s plans to halve U.S. greenhouse gas emissions below 2005 levels over the next decade.The Senate voted 52-42, mostly along party lines, to approve her nomination.McCabe, an…
FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Rahway, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid(Reuters) – Merck & Co Inc said on Tuesday it had partnered with five Indian generic drugmakers, including Cipla Ltd and Sun Pharmaceutical Industries Ltd, to expand production and access…
A man wearing a protective face mask makes his way on Omonia square in Athens, Greece, September 3, 2020. REUTERS/Alkis Konstantinidis Greece formally submitted its national recovery plan to the European Union on Tuesday, hoping for a boost to economic growth by as much as seven percentage points over the next six years, the government’s…
A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File PhotoIndian shares rose on Tuesday ahead of a slew of earnings reports from blue-chip companies, including Maruti Suzuki India (MRTI.NS), even as new cases of COVID-19 in the country held above 300,000 for a sixth consecutive day.The…
April 27 (Reuters) – France has shortlisted Swedish utility Vattenfall and its two partners to bid in a tender to develop an offshore wind farm with a capacity of about 1 gigawatt (GW) off Normandy, the company said on Tuesday.Vattenfall and its partners – German wind farm developer wpd and French institutional investor Banque des…
FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. REUTERS/Alwyn Scott(Reuters) – General Electric reported a 20% fall in quarterly profit on Tuesday, hit by a slump in demand for aircraft engines as airlines struggle to recover from a pandemic-led collapse in…
FILE PHOTO: Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration LONDON (Reuters) – Mastercard Inc and U.S. cryptocurrency exchange Gemini will launch the first credit card that gives users digital currency “rewards” on purchases this year, deepening the involvement of major payment firms in the emerging asset…
BUENOS AIRES (Reuters) – Health workers blocking roads near Argentina’s large Vaca Muerta shale oil and gas deposit on Monday rejected a government wage offer and vowed to continue a three-week protest that is threatening a national fuel shortage.Workers in the region are demanding higher wages amid a fierce second wave of the country’s COVID-19…
FILE PHOTO: U.S. and Chinese flags are seen before a meeting between senior defence officials from both countries at the Pentagon in Arlington, Virginia, U.S., November 9, 2018. REUTERS/Yuri GripasWASHINGTON (Reuters) – A U.S. legislative proposal to allocate $112 billion for basic and advanced technology research and science in the face of rising competitive pressure…
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