Britain Raises Energy Price Cap
British energy regulator Ofgem has said it will raise the price cap for average household energy bills by almost 21%, to £4,279 ($5,172) per year fron January to the end…
Chevron To Get Venezuela Production Approval
Reuters is reporting that according to three sources, Chevron may be granted approval as soon as this weekend to significantly boost oil production in Venezuela, if the government of Nicholas…
Covid-19 Cases Continue To Rise In China
On Thursday, Chinese Covid-19 cases continued to rise, with over 31,000 new cases reported. It produced a new record as the country struggles to maintain its strict zero-Covid policies for…
Credit Suisse Continues To Decline Amid Continued Outflows
Credit Suisse Group AG is continuing to see shares decline to record lows due to a surge in investor outflows that have prompted remaining investors to question the bank’s future,…
T. Rowe Price Opposes Merger Of News Corp And Fox Corp
On Friday, the New York Times reported that T. Rowe Price, a major News Corp. shareholder, has joined with other investors and voiced strong reservations about Rupert Murdoch’s plans to…
Covid-19 Cases Grow In China, Locking Down Production And Consumption
China’s Covid outbreak worsened on Thursday as cities across the nation began imposing mass testing, localized lockdowns, and other restrictive measures which are frustrating the population and triggering fears the…
HP Outlines Massive Cost-Cutting Plan, Could Boost Profits Massively
HP is cutting costs as demand slows down for PCs and printers, and analysts are excited, believing the company may be about to unleash a wave of earnings power. On…
White House Trying To Avert Impending Rail Strike
On Thursday the White House said it is in negotiations to attempt to avert a pending railroad strike which could close off supply lines across the nation, however thus far…
Oversupply Warning Signs Flash In Global Oil Markets
As China grapples with a surge of Covid-19 cases, a closely watched-gauge of Asian oil-demand has fallen to a seven-month low. On Thursday, the premium of Oman futures over Dubai…
EU Begins A Subsidy Spree To Stop EU Companies Moving To US
The EU is preparing to use subsidies to support European companies which it sees as being at risk of being wiped out by American competition that is supported by US…
