Dollar higher as strong U.S. data backs a hawkish Fed
By Rae Wee SINGAPORE (Reuters) - The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears and as traders...
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BP ADR News & Analysis
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FPSO vessel for the bp-operated Greater Tortue Ahmeyim project successfully sets sail for project site
The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project...
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Euro hits 9-month high but pares gains
The euro has started the week with gains. EUR/USD briefly punched above the 1.09 line earlier today, for the first time since April but has pared these gains. Tough ECB talk boosts euro The...
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Forties rises back to premium on BP bid
North Sea Forties crude oil differentials rose back to a premium to dated Brent on Friday, their highest in about a month. Stronger demand is supporting differentials in the North Sea and...
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EUR/USD drifting continues
The euro continues to have a very quiet week, as EUR/USD appears content to trade around the 1.08 line. Lagarde brings her message to Davos It’s difficult to think of ECB President Lagarde...
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2022 matric results: Top-performing independent schools in South Africa
These are the top IEB matric achievers and their results.
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Hertz is bringing thousands of EVs and chargers to the city of Denver in a broad new partnership
Hertz will add more than 5,000 electric vehicles to its Denver rental fleet, will install public EV chargers and will offer training in and around the city.
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Wednesday’s Top Analyst Upgrades and Downgrades: BP, Exxon Mobil, Kroger, Microsoft, RingCentral, Wayfair, Wendy’s and More
Wednesday's top analyst upgrades and downgrades included BP, ConocoPhillips, Equity Residential, Exxon Mobil, Global Payments, Kroger, Microsoft, NRG Energy, RingCentral, Valero Energy,...
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BP produced 20.4 mln tonnes of oil in Azerbaijan in 2022 – ministry
BP BP.L produced 20.4 million tonnes of oil in Azerbaijan in 2022, the energy ministry said on Friday. Gas production from the Azeri-Chirag-Guneshli (ACG) field totalled 13.4 billion cubic...
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BP doubles crude output from Gulf of Mexico Thunder Horse platform
Oil major BP BP.L on Thursday said it doubled crude output from its Thunder Horse project in the U.S. Gulf of Mexico. Production at the platform ramped up to more than 200,000 barrels of oil...
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GBP/USD edges higher as GDP outperforms
The British pound is slightly higher on Friday. GBP/USD is trading at 1.2234, up 0.24%. The pound has enjoyed a solid week, with gains of 1.2%. US inflation drops again US inflation...
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BP hires Equinor exec to lead ventures business
By Ron Bousso LONDON (Reuters) – BP has appointed Gareth Burns to head its global ventures division which oversees the company’s investments in start-up technologies as part of its shift...
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Australian dollar shrugs as CPI jumps
The Australian dollar is trading quietly on Wednesday. AUD/USD is at 0.6904, up 0.14%. Australian CPI climbs to 7.3% Australian inflation pushed higher in November, rising to 7.3% following...
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Oil edges up, traders awaiting U.S. inventory, inflation data
By Barani Krishnan Investing.com -- Crude prices edged higher for a second straight day on Tuesday as traders awaited U.S. oil inventory data and a much-anticipated government report on...
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AUD/USD edges lower, CPI next
The Australian dollar is in negative territory on Tuesday. In the European session, AUD/USD is trading at 0.6898, down 0.21%. This follows a two-day rally in AUD/USD climbed over 2%....
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Euro on hold ahead of Eurozone CPI
It has been a busy week for EUR/USD, although the currency is unchanged on Friday. We could see some volatility before the weekend, with the release of the eurozone inflation and US...
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BP raises oil investments in the U.S. as inflation hits
BP PLC BP.L said on Wednesday it planned to expand investments in the Gulf of Mexico and Texas, where it has its two top U.S. oil and gas production operations. The increase comes as...
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: BP started at buy with $44 stock price target at Gerdes Energy Research
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about...
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Euro shrugs as Spain’s inflation drops
It’s the last trading day of 2022, and EUR/USD is almost unchanged in what should be a quiet day in the currency markets. In the European session, EUR/USD is trading at 1.0674, up 0.13%....
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This ETF Has Surprising ESG Potential
Sectors and industries such as traditional energy, materials, and mining aren’t often thought of as bastions of environmental, social, and governance (ESG) promise. Actually, many investors...
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Investors ramp up pressure on Big Oil firms to set 2030 climate targets
By Ron Bousso and Sabrina Valle LONDON (Reuters) -A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030,...
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Aker BP, partners to invest $20.5 bln in new oil and gas projects
Norwegian oil firm Aker BP AKRBP.OL and its partners will invest more than 200 billion crowns ($20.46 billion) in 2022 money to develop several oil and gas fields off Norway in the coming...
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Fitch Revises BP’s Outlook to Positive; Affirms at ‘A’
Fitch Ratings has revised the Outlook on BP plc’s Long-Term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at ‘A’. The Short-Term IDR has been upgraded to ‘F1+’...
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Swiss franc reverses slide after SNB hike
SNB raises rates by 50 bp, Swiss franc rises Major central banks were in the spotlight this week, as the Federal Reserve and the European Central Bank raised rates by 50 basis points at...
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BP invests millions in company that supplies 'rapidly deployable' solar tech
Energy major says investment in 5B wraps up a Series B funding round of 55 million Australian dollars.
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Former Global Head of BP Shipping Guy Mason appointed as new IFAN Chairman
The International Foundation for Aids to Navigation (IFAN) has announced the appointment of its new Chairman, former Global Head of BP Shipping Guy Mason. Mr Mason, who was appointed into...
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ECBs Lagarde offered back to back 50 bp hikes to secure majority
ECB sources comments:ECBs Lagarde offered policymakersback to back 50 basis point hikes to secure majority after stiff opposition on Thursday.this could mean three, 50 basis point hikes by...
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ECB: Doubts on pace of rate hike, but more concerned about balance sheet reduction
By Alessandro Albano Investing.com - A day after the Fed, the European Central Bank will announce on Thursday at 14:15 CET its decision on interest rates which, according to market...
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CNBC Survey: Expect 50 bps this week and another 75 BP next year
The CNBC investor survey shows the Fed is likely to continue to tighen but the worst is mosly behind us:50 bps hike next weekAdditional 75 basis points in 2023Although the Fed is expected to...
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Fed and ECB in focus: Could there be surprises? Keep an eye on the betting pools
By Laura Sánchez Investing.com - Markets are mixed this Friday - IBEX 35, CAC 40, DAX - with investors keeping an eye on next week when the U.S. Federal Reserve (Fed) and the...
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BP Plc's bp pulse to expand charging network at Marks and Spencer locations
By Michael Elkins British multinational oil and gas company BP (NYSE:BP) announced Thursday that the company’s electric vehicle charging business, bp pulse will install high-speed charge...
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Polish lender PKO BP actively seeking M&A opportunities – official says
GDANSK (Reuters) – Poland’s largest lender PKO BP is actively seeking out M&A opportunities, the bank’s management board vice president Pawel Gruza said during a conference call with...
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USD/CAD yawns after BoC surprise
Bank of Canada surprises with 50 bp hike The Bank of Canada delivered a second straight 50-bp hike on Wednesday, which brought the cash rate to 4.25%. The markets had been split on whether...
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BP to expand EV charging network at M&S stores
(Reuters) – BP Plc on Thursday said its British electric vehicle charging business bp pulse will install high-speed charge points at around 70 Marks & Spencer retail outlets.
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Forexlive Americas FX news wrap.The CAD is the weakest of the major despite 50 BP BOC hike
S&P and NASDAQ close lower.US October consumer credit outstanding +27.1B vs +28.3B expectedCrude oil falls below $72 now. Where are the next downside targets?Gold gain hits 1% today with...
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BP says labour dispute resolved, Rotterdam Refinery will resume normal operations
AMSTERDAM (Reuters) – A labour dispute at BP PLC’s large Rotterdam Refinery has been resolved after unions voted to approve a new collective labour agreement, a spokesperson for the...
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Libya lifts force majeure on oil, gas exploration; urges companies to resume upstream work
Libya’s Government of National Unity has lifted the force majeure on oil and gas exploration activities in the North African country and called on international oil companies to resume their...
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Aussie steadies as RBA hikes by 25 bp
The Australian dollar is in positive territory on Tuesday, after sustaining losses of 1.4% a day earlier. In European trade, AUD/USD is trading at 0.6721, up 0.35%. RBA raises cash rate by...
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Australia central bank raises rates 25 bp to 3.1%
SYDNEY (Reuters) – Australia’s central bank raised its cash rate 25 basis points to a 10-year high of 3.10% on Tuesday and reiterated that further policy tightening will be needed ahead,...
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BP doubles down on hydrogen as fuel of the future
By Ron Bousso LONDON (Reuters) - BP (LON:BP) chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up...
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ECB’s Villeroy says in favour of 50 bp rate hike on Dec. 15
PARIS (Reuters) – ECB board member François Villeroy de Galhau said on Sunday that he is in favour of a 50 basis point hike to 2% of the European Central Bank’s main rate at its board...
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Ukraine official accuses BP of war profiteering
A major energy company that pledged to sell its interests in Russia has yet to do so.
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Oil giant BP finds new home for London headquarters
By Ron Bousso LONDON (Reuters) – British energy giant BP will move its headquarters in central London to a new location in 2024 after agreeing to lease new grounds not far from Trafalgar...
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BP, Unions reach deal on wages at Rotterdam Refinery – union spokesperson
AMSTERDAM (Reuters) – Unions and BP PLC have reached an agreement on wages for workers BP’ large Rotterdam refinery, which had been largely idled this month amid a dispute over...
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Swiss franc climbs as US dollar sags
The Swiss franc continues to gain ground as the US dollar has weakened broadly in the wake of Fed Chair Powell’s comments on Wednesday. In the North American session, USD/CHF is trading at...
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Australian dollar flies after Powell speech
AUD/USD continues to power upwards and hit 10-week highs earlier today. The Australian dollar climbed 1.5% on Wednesday and has edged higher today. In the European session, AUD/USD is...
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China loosens monetary policy again with 25 bp reserve ratio cut
By Geoffrey Smith Investing.com -- China's central bank loosened monetary policy again on Friday, the latest in a string of official attempts to shore up a financial system struggling with...
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