Feb 2 (Reuters) – Qatar’s stock market was the worst performer among mixed Gulf bourses on Thursday amid volatile energy markets, while Dubai shares ended higher on a strong banking sector performance. The Qatari stock index (.QSI) dropped 0.9%, falling for a fourth consecutive session, with most of its constituent stocks in negative territory. Index … Read more
Fourth-quarter profit of $10 billion beats estimates Shell to repurchase $4 billion in shares Shares up 2.5% by 1002 GMT LONDON, Feb 2 (Reuters) – Shell ( SHEL.L ) delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after … Read more
WASHINGTON, Jan 31 (Reuters) – The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp’s record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. Oil majors are expected to break their own annual records due to high prices … Read more
BENGALURU, Feb 1 (Reuters) – India’s Gautam Adani lost his title of Asia’s richest person on Wednesday as a rout in his conglomerate’s stocks deepened to $74 billion after a short-seller report. A report by Hindenburg Research last week alleged improper use of offshore tax havens while flagging concerns about high debt and the valuations … Read more
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own … Read more
Reform would raise the retirement age to 64 Schools, transport networks, refinery deliveries hit Macron: Reform vital to ensure viability of pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Striking workers disrupted French refinery deliveries, public transport and schools on Tuesday in a second day of nationwide protests over President Emmanuel Macron’s plan to make … Read more
SARARO, Iraq, Jan 31 (Reuters) – Looming over the deserted village of Sararo in northern Iraq, three Turkish military outposts break the skyline, part of an incursion that forced the residents to flee last year after days of shelling. The outposts are just some of the dozens of new military bases Turkey has established on … Read more
HONG KONG/MUMBAI, Jan 31 (Reuters Breakingviews) – India is making its way onto global investors’ maps. How the country’s financial authorities tackle the $65 billion selloff at Gautam Adani’s eponymous infrastructure empire following a short-selling attack may determine how soon the country establishes itself as a reliable investment destination. The World Bank expects India’s economy … Read more
Biden says “no” when asked about F-16s for Ukraine Zelenskiy says Moscow seeks ‘big revenge’ Russian administrator claims foothold in Vuhledar Kyiv could recapture ground when Western weapons arrive – group KYIV, Jan 31 (Reuters) – Ukraine’s defense minister is expected in Paris on Tuesday to meet President Emmanuel Macron amid a debate among Kyiv’s … Read more
Three killed in Russian strikes on Kherson – governor Russian forces again shell Vuhledar in the east Zelenskiy calls on allies to speed up arms deliveries Zelenskiy pressures Macron to ban Russia from the Paris Games KYIV, Ukraine, Jan 30 (Reuters) – Russian missile strikes killed three people in the southern Ukrainian city of Kherson … Read more