Tag: Commodities

* Q1 net profit NOK 5.9 bln vs forecast NOK 4.9 bln* Return on equity was 10% for the quarter* Unlikely to hit 12% ROE goal this year (Adds background, detail)OSLO, April 29 (Reuters) – Norway’s DNB, which recently launched a bid for rival Sbanken, reported a bigger-than-expected rise in first-quarter earnings on Thursday but…

The U.S. Senate on Wednesday approved a measure restoring regulation of emissions of methane, a potent greenhouse gas, in a 52-42 vote, which Senate Democrats heralded as being key to the fight against climate change.The initial rule, instituted by President Barack Obama, was rescinded by President Donald Trump in the waning days of his presidency.Our…

Please try another search Economy10 minutes ago (Apr 28, 2021 08:06PM ET) 2/2 © Reuters. FILE PHOTO: The Apple Inc logo is shown outside the company’s 2016 Worldwide Developers Conference in San Francisco 2/2 By Stephen Nellis (Reuters) -Apple Inc on Wednesday posted sales and profits ahead of Wall Street expectations fueled by 5G iPhone…

A newly released video shows NRA head LaPierre shooting an endangered elephant on a 2013 hunting trip. LaPierre repeatedly fails to kill the animal from close range; his guide eventually makes the kill. LaPierre’s wife, Susan, kills another elephant with ease and is filmed cutting off the animal’s tail. See more stories on Insider’s business…

WASHINGTON, April 28 (Reuters) – The United States’ trade deficit in goods surged in March, suggesting trade was likely a drag on economic growth in the first quarter, but that was probably offset by strong domestic demand amid massive fiscal stimulus and easing pandemic stress.The goods trade deficit jumped 4.0% to $90.6 billion last month,…

(Updates with official prices)LONDON, April 28 (Reuters) – Copper eased from 10-year highs on Wednesday ahead of a policy announcement by the U.S. Federal Reserve, but analysts at Goldman Sachs joined others predicting a rally to record levels.Benchmark copper on the London Metal Exchange (LME) was down 0.3% at $9,823.50 a tonne in official trading…

(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…

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…