Hints and tips:
...Treasury guidance “will greatly dictate where the level of interest is and how much of that investment goes towards the US versus other parts of the of the global economy”, said Adam Peters, head of North America...
...The settlement does not specify from whose cut the 4 bps decrease in interchange fees will come....
...North America was the top destination for investment among all global executives, followed by Europe....
...The excess capacity has also piled pressure on European and Asian producers facing higher production costs than competitors in North America and the Middle East, which benefit from their access to low-cost...
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
...“The impetus for the increased fee waiver is clear,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Musk is now reviving the debate about Delaware and the power its courts wield over corporate America....
...This is a significant development as the industry wields ever growing influence over corporate America....
...Earlier this year the state of California sued several of the world’s biggest oil companies, including ExxonMobil, Shell and BP, claiming they had misled consumers by suppressing information about the adverse...
...“The effect is that container ships and oil and chemical tankers are having to take a 5,000-mile detour around Africa to reach Europe and elsewhere.”...
...For example, the $723mn VanEck BDC Income ETF charged 1,117 bps in total annual fund expenses last year, including 1,075 bps in acquired fund fees and expenses, he said....
...Boring problems Elon Musk’s Boring Company has built a tiny loop to move cars through Las Vegas, but workers of the “hyperloop” mass-transit system say its tunnels are packed with chemical sludge, reports...
...In 2005, 15 people were killed and 170 injured in an explosion at a refinery in Texas, which the US Chemical Safety and Hazard Investigation Board blamed on “safety deficiencies at all levels” of BP....
...US-China: Officials hold talks in Beijing aimed at stemming the flow of chemicals from China used to make the deadly opioid fentanyl....
...Exxon plans to use a novel method known as direct lithium extraction, or DLE, in which it will drill into deep saltwater reservoirs, pump out brines and use chemical processes to separate out the lithium...
...We track $400bn in bonds and loans trading north of 600 bps, a category we define as “pre-distress”, where new coupon could be 10% or higher if it were reset at current levels....
...Unlike European rivals such as Shell and BP, however, it has avoided any shift into renewable energy....
...Looking under the bonnet of a fund tends to yield surprises: a sustainable fund might have oil companies that are considered “best-in-class”, such as BP, or tech stocks that appear to have nothing to do...
...Last month BP said it would spend $1.3bn to acquire TravelCenters of America, a chain of US highway fuel stations, to bolster its EV charging business....
...The White House announced further deals with other EV charging makers, including commitments from BP to invest $1bn in charging in the US by 2030, and a new partnership from Pilot Company, General Motors...
...Olczak says he borrowed the name for PMI’s “beyond nicotine” strategy from BP’s “beyond petroleum” tagline following a dinner with former BP chief executive John Browne....
...Who do you think is likely to be more correct, Exxon or BP? Let me know: justin.jacobs@ft.com....
...Martin Brudermüller, chair of ERT’s competitiveness committee and chair of German chemicals group BASF, said he was not surprised by the responses....
...There's about 130,000 farmers every year in Ireland apply for what we call a BPS, or a basic payment. So that gives an indication of the amount of farms in the country....
...Hamm sees BP’s green shift as, well, misguided. He told the FT over lunch earlier this year that BP was going to “cut their throat” by getting out of oil and gas....
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