EMRG

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Asian stocks and oil prices rise as Chinese speculation swirls

Asian stocks and oil prices rise as Chinese speculation swirls

https://tmsnrt.rs/2zpUAr4 China real estate stocks rally in political support Euro targets 5-month high, dollar nearly 3-month low against yen Oil prices bounce off China hopes, talk of production cuts SYDNEY, Nov 29 (Reuters) – Asian stocks rallied on Tuesday as Beijing’s latest move to prop up developers boosted the property sector and rumors swirled that …

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Chevron expects Venezuelan oil shipments, but PDVSA wants payments

Chevron expects Venezuelan oil shipments, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving shipments of Venezuelan oil as early as December after the oil company last week received a U.S. license to do so, but Caracas is unable to -be not as impatient as the United States. the sanctions restrict payments, people familiar with the matter …

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Investors hope Beijing lifts COVID curbs faster as protests stifle markets

Investors hope Beijing lifts COVID curbs faster as protests stifle markets

Dozens of campus protesters parade civil disobedience No sign of new protests in Beijing and Shanghai on Monday Chinese bonds and equities suffered strong outflows in 2023 LONDON, Nov 28 (Reuters) – Rare protests spreading across China against Beijing’s zero COVID-19 policy may have sparked a fresh wave of political uncertainty, but could also hasten …

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Exclusive: Tesla readying revamped Model 3 with 'Highland' project - sources

Exclusive: Tesla readying revamped Model 3 with ‘Highland’ project – sources

Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of the Model 3, according to four people familiar with the effort, as the major electric vehicle maker aims to cut production costs and boost the appeal of the five-year model. – old electric sedan. One of the goals of the redesign codenamed “Highland” …

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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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US ready to allow Chevron to increase oil production in Venezuela

US ready to allow Chevron to increase oil production in Venezuela

US ready to allow oil giant to produce and sell Venezuelan oil Chevron owes billions in unpaid debt to state-owned PDVSA US aims to transfer Venezuelan oil sales from shadow companies HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading in its oil once …

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