(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…
Topline U.S. Supreme Court Justice Amy Coney Barrett declined to recuse from a case Monday involving a conservative group that spent at least a million dollars supporting her Senate confirmation despite Democrats calling on her to do so because of the alleged conflict of interest it posed. Key Facts The Supreme Court heard arguments Monday…
Topline American holidaymakers who have received a coronavirus vaccine will be permitted to enter the European Union in time for summer vacation thanks to the success of the U.S. vaccine rollout, European Commission President Ursula von der Leyen told the New York Times Sunday. Key Facts The timing of the imminent policy change is still…
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…
Summary List PlacementSmall and midsize financial institutions (FIs)—those with under $100 billion in assets—can’t hope to compete directly with the quality of digital user experience (UX) on offer at the largest US banks due to their smaller tech budgets. Per 2020 eMarketer data, the nine largest US banks accounted for 60% of total banking IT/tech…
Anti-Semitism incidents in Austria rose last year to the highest level since the Jewish community’s official records began 19 years ago, with protests against coronavirus restrictions helping to fuel the rise, a report showed on Monday.The number of reported incidents, which range from online abuse to physical attacks, increased by 6.4% in 2020 to 585,…
Topline As many politicians—including President Biden—applaud the conviction of former Minneapolis Police Officer Derek Chauvin as a step toward combating racial bias in policing, Sen. Lindsey Graham (R-S.C.) said Sunday he does not believe systemic racism exists in law enforcement or other U.S. institutions. Key Facts “No, not in my opinion,” the South Carolina Republican…
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