Canada’s cash-rich oil sands firms face pressure to spend on transition

© Reuters. FILE PHOTO: Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake. By Rod Nickel, Nichola Saminather and Nia Williams (NYSE:) (Reuters) – Canada’s biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, […]

Continue Reading

Facing public pressure, palm oil firms are going green: study

© Reuters. FILE PHOTO: A worker arranges palm oil fruit bunches on a truck at a factory in Tanjung Karang By Maytaal Angel LONDON (Reuters) – Of the seven commodities sectors driving deforestation, palm oil companies are doing the most to alleviate their environmental impact following years of public pressure, a study by a global […]

Continue Reading

AUD/USD pares gains on the day as dollar firms further in European morning trade

The dollar is gaining further as Treasury yields keep higher 10-year Treasury yields are nearly 10 bps higher currently, up to 1.74%, and that is continuing to push bids into the dollar in European morning trade. In turn, that has seen AUD/USD erase its earlier advance in a fall from 0.7840 to 0.7800. So, let’s […]

Continue Reading

From FedEx to GM, firms halt operations as freeze grips parts of United States

© Reuters. A Federal Express truck on delivery is pictured in downtown Los Angeles By Ankit Ajmera and Shreyasee Raj (Reuters) – Many U.S companies, including FedEx (NYSE:) and General Motors (NYSE:), were forced to temporarily shut operations on Tuesday as a bone-chilling winter storm caused power outages and gas shortages in parts of the […]

Continue Reading

UK plans to tax firms that profited from pandemic: Sunday Times

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Sunak outside Downing Street, in London LONDON (Reuters) – Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported, citing leaked emails. The government has summoned companies to discuss how an online sales tax would work, […]

Continue Reading

Cargill, Deutsche Bank Among Firms Taiwan Accuses of FX Speculation

(Bloomberg) — Cargill Inc and Deutsche Bank AG (NYSE:) are among a group of major foreign companies under probe in Taiwan for speculating on the surging local currency last year, hindering the central bank’s efforts to rein in a rampant foreign-exchange market. Eight of Asia’s leading food traders, with the help of six overseas banks, […]

Continue Reading

Oil firms after Trump signs aid bill; demand concerns linger

© Reuters. FILE PHOTO: A Marathon Oil well site is seen in the Eagle Ford Shale oil field in south Texas By Koustav Samanta and Naveen Thukral SINGAPORE (Reuters) – Oil prices edged higher on Monday after U.S. President Donald Trump signed a $ 2.3 trillion coronavirus aid and spending package, although lingering worries about […]

Continue Reading

Bill forcing Chinese firms to meet U.S. accounting standards passes Congress

2/2 © Reuters. FILE PHOTO: Chinese and U.S. flags flutter near The Bund in Shanghai 2/2 By Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives passed legislation on Wednesday that could prevent Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards. The measure passed by unanimous […]

Continue Reading

China says U.S. is adopting discriminating policies on Chinese firms

2/2 © Reuters. FILE PHOTO: Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference in Hong Kong 2/2 BEIJING (Reuters) – China said on Wednesday that the United States is adopting discriminating policies towards Chinese firms, in response to the U.S. House of Representatives backing a bill that could block […]

Continue Reading

Analysis: Shocked by sacred sites blast, investors press mining firms to revamp heritage oversight

© Reuters. FILE PHOTO: File photo of a miner holding a lump of iron ore at a mine located in the Pilbara region of Western Australia By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) – Rio Tinto (NYSE:)’s destruction of sacred Indigenous rock shelters in Australia this year has dismayed and galvanised a swathe of […]

Continue Reading