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US fuelmaker profits to fall from last year’s records
By Laura Sanicola (Reuters) - U.S. refining profits are expected to fall from last year's records but remain strong as domestic refining outages and increased foreign competition pose challenges. Refi...
Syndicated Content Jul 24, 2023
LVMH strikes Paris Olympic Games sponsorship deal
PARIS (Reuters) - Luxury giant LVMH unveiled on Monday a deal to sponsor next year's Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne and spirits labels a...
Syndicated Content Jul 24, 2023
Analysis-Bumpy road ahead for US gasoline demand and energy transition
By Shariq Khan (Reuters) - While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrating the...
Syndicated Content Jul 24, 2023
UBS agrees to pay $388 million over Credit Suisse’s Archegos failings
By Noele Illien and John Revill ZURICH (Reuters) - UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse's dealings with private investment firm Archegos Capital M...
Syndicated Content Jul 24, 2023
Canadian market participants see rates staying at 5% in 2023 -BoC survey
OTTAWA (Reuters) - The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the c...
Syndicated Content Jul 24, 2023
Fed fines UBS $268.5 million for Credit Suisse missteps with Archegos
WASHINGTON (Reuters) - The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct investment firm Archegos C...
Syndicated Content Jul 24, 2023
Canada releases framework to phase out inefficient fossil fuel subsidies
By Nia Williams (Reuters) - Canada on Monday released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalise and ...
Syndicated Content Jul 24, 2023
Bank of England to check credibility of top banks’ wind-down plans
By Huw Jones LONDON (Reuters) - The Bank of England said on Monday it will check from October whether top banks can be smoothly wound down in a crisis after the forced takeover of Credit Suisse raised...
Syndicated Content Jul 24, 2023
White House says Biden will veto Republican-backed bills over spending cuts
By Kanishka Singh WASHINGTON (Reuters) - U.S. President Joe Biden would veto Republican-backed defense, heath and agriculture spending bills if he were presented with them, the White House said on Mon...
Syndicated Content Jul 24, 2023
US to spend $700 million for oil and gas sector to cut methane emissions
(Reuters) - The U.S. government will provide up to $700 million in funding to monitor and reduce methane emissions from the oil and gas sector, setting aside half of the amount for grants to states, t...
Syndicated Content Jul 24, 2023
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