Tag: Oil

© Reuters. FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Ph By Alun John HONG KONG (Reuters) – Asian shares started the week…

(Corrects dateline to Aug 29, no change to story text) BEIJING (Reuters) -China Petroleum & Chemical Corp on Sunday reported a 39.15 billion yuan ($6.05 billion) net profit for the first six months of 2021 on the back of renewed fuel demand and a rebound in oil prices amid a recovery from the impact of…

Hurricane Ida made landfall in Port Fourchon, Louisiana, on August 29, the same day Hurricane Katrina struck the area 16 years ago.It currently has maximum sustained winds of 145 mph, making it a Category 4 hurricane. The storm surge could reach as high as 16 feet from Port Fourchon to the mouth of the Mississippi…

SAN FRANCISCO (AP) — A $100 million fix to stop a San Francisco luxury high-rise from sinking and tilting even more is on hold while engineers try to learn why the building has sunk another inch (2.5 centimeters) during the repair.Doug Elmets, spokesman for the Millennium Tower, said in a statement that pile installation to…

© Reuters. FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File Photo (Reuters) – A stellar U.S. corporate earnings season is expected to lift the S&P 500 by another 8% through the end of the year, analysts…

(Reuters) – Borrowings by U.S. companies for capital investments rose 9% in July from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed up for $9.9 billion in new loans, leases and lines of credit last month, up from $9.1 billion a year earlier. However, borrowings fell 5%…

Heavy flooding striking parts of Tennessee left at least 10 people dead and 40 others missing, Humphreys County Sheriff’s office Chris Davis told the Tennessean Saturday.Driving the news: Heavy rainfall was pummeling much of the state. The Tennessee Emergency Management Agency said dangerous flash flooding closed a major local highway near McEwen, and the National…

A California man has filed a lawsuit after he was injured trying to flee from a bear that surprised him in a dumpster while he was visiting Lake Tahoe.John Donaldson is seeking $15,000 in damages from a condominium association and waste management company for injuries he said he suffered in the encounter at a condo…

2/2 © Reuters. FILE PHOTO: Sunlight reflects from the windows of condominiums in Toronto, Ontario, Canada December 20, 2019. REUTERS/Chris Helgren 2/2 By Nichola Saminather TORONTO (Reuters) – Condominium markets in some of Canada’s biggest cities have rebounded strongly this year, and agents and analysts say the market could once again return to pre-pandemic red-hot…

© Reuters. By Geoffrey Smith  Investing.com — The Taliban has taken control of the Afghan capital Kabul amid a chaotic evacuation of remaining westerners. The Chinese economy is slowing down due to the clampdown on localized outbreaks of Covid-19 across the country. That’s also hitting oil prices. And U.S. stocks are set to open lower…