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The following quotes, mergers, acquisitions and disposals were reported by 19:45 GMT on Tuesday: ** Shares of Paramount Global fell more than 7%. after CNBC reported, mentioning sources, that Sony Pictures. is reconsidering its bid for the U.S. media business. ** Activist financier Jana Partners developed a brand-new stake in. U.S. diagnostics business QuidelOrtho during the first. quarter, sources acquainted with the hedge fund's position informed. . ** Anglo American laid out strategies to refocus on. energy shift metal copper while spinning out or offering its. less profitable coal, nickel, diamond and platinum businesses,. as it transfers to fend off...

Britain's FTSE 100 opened at a record high, enhanced by gains in Shell after reported its strategies to offer the Malaysian gasoline station company and BP acquired on preserving share buyback strategies but missed revenues forecast. The blue-chip FTSE 100 index was up 1.2% at 8,309.04 by 0712 GMT, while the FTSE 250 midcap index increased 0.8%. Shell jumped 1.6% after reported the energy giant is in speak to offer its gasoline station company in Malaysia to Saudi Aramco. BP edged 0.4% greater after the oil major maintained the rate of its share buyback programme at $1.75 billion over the...

BP PLC: * BP PLC - 1Q24 * BP: LOOKING AHEAD, BP EXPECTS Q2 2024 REPORTED UPSTREAM *. PRODUCTION TO BE SLIGHTLY LOWER COMPARED WITH FIRST-QUARTER 2024 * BP: BP CONTINUES TO EXPECT CAPITAL INVESTMENT * FOR 2024. TO BE. AROUND $16 BILLION * BP: CONTINUES TO EXPECT GULF OF MEXICO OIL SPILL PAYMENTS. FOR. YEAR TO BE AROUND $1.2 BILLION PRE-TAX INCLUDING $1.1 BILLION. PRE-TAX PAID THROUGHOUT Q2 * BP: UNDERLYING RC REVENUE FOR QUARTER WAS $2.7 BILLION,. COMPARED. WITH $3.0 BILLION FOR PREVIOUS QUARTER * BP: IN PRODUCTS, BP EXPECTS UNDERSTOOD MARGINS TO BE. AFFECTED BY. NARROWER NORTH...

Settlements for the advancement of Tanzania's $42 billion melted gas export plant have been postponed by proposed government modifications to a financial agreement reached in 2015, 2 sources from companies associated with the task stated. The federal government and investors revealed last May they had completed negotiations on the long-delayed job to unlock Tanzania's large offshore gas resources. Equinor and Shell are joint operators while Exxon Mobil, Pavilion Energy, Medco Energi and Tanzania's national oil business TPDC are partners. The federal government said at the time that the cabinet would evaluate the contracts the following month. After months without an...

Britain's FTSE 100 struck a fresh record high up on Friday, led by gains in homebuilder stocks, while softerthanexpected U.S. jobs data improved financier belief. The blue-chip FTSE 100 ended the session up 0.5%,. after hitting a fresh record high of 8,213.49 points previously in. the day. The FTSE 250 touched its greatest levels given that. February in 2015 and ended 0.6% greater. Both indexes. signed up a second straight week of gains. Signs of easing inflation, hopes of early rate of interest cuts. by the Bank of England and attractive prices have helped enhance. investor interest in UK equities....

Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time considering that the miner rejected BHP Group's $39 billion takeover quote, a source acquainted with the matter told . BHP, the world's biggest-listed mining group, is privately talking with financiers as it weighs up its next relocation after Anglo's. rejection of its initial proposition. Commodities huge Glencore is likewise studying a technique for. Anglo, sources told , a development that could stimulate a. bidding war for the 107-year old mining business. Anglo decreased to talk about the meeting with Mantashe. The...

A look at the day ahead in U.S. and global markets from Mike Dolan The strength of the U.S. labor market will provide Wall Street's. rate of interest relief a reality examine Friday, but Apple's. monster share buyback has buoyed the market beforehand. The world's second biggest business by market capitalisation. wowed the gallery overnight with a tremendous $110 billion stock. buyback program - the greatest in the iPhone maker's history -. and upped its dividend by 4% after a modest very first quarter. earnings beat. The news raised Apple shares 6% in out-of-hours trading and. assisted S&P 500 futures...

Oil prices settled on Thursday near their least expensive level in sevenweeks, directly mixed and under pressure from weaker international need, increasing stocks and fading hopes for a fast cut in U.S. rate of interest. U.S. West Texas Intermediate crude futures fell 5 cents to settle at $78.95 a barrel, the most affordable since March 12. Global benchmark Brent crude futures likewise struck the lowest given that early March, then bounced off session lows to settle 23 cents, or 0.3%, higher at $83.67 a barrel. Both standards closed listed below their 200-day moving average, which is the key technical sign...

Investor proxy advisory Glass Lewis recommended Shell shareholders vote versus a. resolution submitted by a group of 27 investors urging the energy. business to set tighter environment targets. The resolution, led by activist shareholder Follow This and. backed by shareholders holding around 5% in Shell, will be. given a vote at Shell's annual general conference on May 23. The resolution urges Shell to align its medium-term carbon. emissions decrease targets with the Paris Climate Arrangement,. including emissions from fuels burnt by consumers, referred to as. Scope 3 emissions. Glass Lewis stated that provided Shell's greenhouse gas emission. decrease objectives and...

Urals crude differentials were steady on Wednesday in a quiet session due to a public holiday in lots of countries for May 1, while discounts for CPC Blend oil to dated Brent narrowed somewhat in fresh trade. PLATTS WINDOW * ExxonMobil sold 100,000 metric tons of CPC Blend loading from Yuzhnaya Ozereyevka on May 22-26 to Vitol at dated Brent minus $3.60 per barrel CFR Augusta. * ExxonMobil had actually offered the exact same freight in the previous session at the very same cost, but had actually not discovered a purchaser. * No quotes or offers were produced Urals and...

Yemen's Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing project versus international shipping in solidarity with Palestinians versus Israel's military actions in Gaza. MSC Orion was cruising in between the ports in Sines, Portugal and Salalah, Oman, according to LSEG data. discovered clashing details about the signed up owner of the MSC Orion. According to LSEG and other information suppliers, the ship is owned by Zodiac Maritime, which is partly owned by Israeli businessman Eyal Ofer. A spokesman for the public relations firm representing...

The international upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus moving to shale plays in U.S. other than the Permian Basin, experts at Rystad Energy stated in a report. M&A activity in the global upstream industry has currently crossed the $64 billion mark this year, most of it focused around the U.S. shale spot. WHY ITS IMPORTANT M&A activity in the first-quarter in North America was nearly $54 billion, or 83%, of the around the world total and the region is expected to be the driving force for debt consolidation for...

Australian shares rebounded on Wednesday, backed by a rally in mining stocks while Federal Reserve Chair Jerome Powell's reassurance over U.S. manufacturer prices information kept ratecut hopes up. The S&P/ ASX 200 index closed 0.4% greater to 7,753.700. The benchmark had actually slipped 0.3% on Tuesday. On the planet's biggest economy, producer costs was available in hotter-than-expected, threatening financiers' rate-cut hopes however Powell called the information quite mixed and stated the next relocation would not be a rate hike. Traders awaited the important inflation measure, the U.S. CPI information, due for release at 1230 GMT. In Sydney, market participants examined...

Australia's mining and energy union said on Wednesday it will seek immediate conferences with Anglo American to go over employees' job security after the Londonlisted miner revealed plans to sell its five coal mines in Queensland. Anglo American, which earlier today rejected BHP Group's. modified 34 billion pounds ($ 42.80 billion) takeover. offer, has put down plans to refocus on energy shift metal. copper while drawing out or selling its less profitable. businesses. Guaranteeing employees' ongoing job security would be the top. priority following Anglo American's surprise statement it. would sell its five Australian coal mines, all based in. Queensland,...

Anglo American laid out intend on Tuesday to refocus on energy transition metal copper while spinning out or offering its less lucrative coal, nickel, diamond and platinum businesses, as it moves to ward off BHP Group's $43 billion takeover offer. The announcement comes a day after the London-listed miner declined its Australian suitor for the 2nd time in less than 3 weeks, saying an increased proposition continued to considerably underestimate the business. Anglo stated on Tuesday it would divest its steelmaking coal assets, demerge its South African platinum system, explore alternatives for its nickel mines and divest or demerge diamonds...

In charge of Anglo American stated on Tuesday a bid by rival BHP to take control of the company forced him to accelerate prepare for a. spinoff of its South African platinum possessions, which begin the. cusp of a national election. While Anglo was currently working on its own evaluation of properties. including the platinum and diamonds services, the timeline had. to be speeded up after BHP's technique, Anglo CEO Duncan Wanblad. stated. As a pre-condition for its bid, declined twice by Anglo, BHP. had asked for that Anglo exit its platinum and iron ore units in. South Africa, significantly...

Copper rates climbed to their highest given that April 2022 on Tuesday amid inflows of funds into the base metals sector, although high rates have actually hurt Chinese customers' hunger. Three-month copper on the London Metal Exchange (LME). increased 0.4% to $10,224 per metric ton by 0750 GMT, having. touched $10,255.50 earlier in the session. The agreement has actually acquired 19% up until now this year and is simply. over $600 away from its record high of $10,845 hit in 2022. Funds banking on U.S. rate cuts, supply interruptions, and. more powerful need for metals in the green energy sectors...

Base metals were trading blended on Tuesday as traders and investors examined the sector's outlook in the middle of current Chinese stimulus procedures and a firmer dollar. Three-month copper on the London Metal Exchange (LME). fell 0.3% to $10,154 per metric load by 0252 GMT, after. hitting its greatest levels considering that April 2022 earlier in the. session. The contract has actually gained 19% up until now this year. The dollar was firmer by about 0.1%, making. greenback-priced metals more expensive to holders of other. currencies. However, the U.S. Federal Reserve is likely to cut its key. interest rate two...

Iron ore futures rates reinforced on Monday, as news of more bond issuance by Chinese authorities to stimulate economic growth surpassed the effect of weakerthanexpected credit information in the top consumer. The most-traded September iron ore agreement on China's. Dalian Commodity Exchange (DCE) shrugged off earlier. losses and ended daytime trading 2.42% higher at 888 yuan. ($ 122.75) a metric heap. The benchmark June iron ore on the Singapore. Exchange was trading 1.25% greater at $117.25 a load, since 0820. GMT. China's finance ministry stated on Monday it will start the. long-awaited sales of long-term special treasury bonds that. Beijing...

Rio Tinto stated on Monday a driverless train and wagons carrying iron ore had hindered at its Western Australian iron ore operations after a. crash over night and that it was investigating the incident. in which no one was harmed. The derailment, which is at least the 3rd in a year for. the world's biggest iron ore miner, happened when a driverless. train hit a set of fixed wagons loaded with iron. ore, Rio Tinto stated. Some 22 wagons bring iron ore and 3 locomotives were. affected, according to declarations from Rio Tinto and Australia's. rail security guard dog, which...

Barclays' yearly investor meeting was disrupted by activists objecting against its alleged indirect links to violence in Gaza, with the bank's chair telling security staff to eject them from the occasion in Glasgow on Thursday. We are totally prepared to respond to questions on this subject but there is no point participating in loudspeaker diplomacy, Higgins informed protesters, who were led out of the event. Barclays said last week it did not invest its own cash in business that provide weapons used by Israel in Gaza, and it just trades shares in such companies on behalf of customers. President C.S....

Australian green hydrogen electrolyser company Hysata said on Thursday that it has actually raised an overall of $111 million in funding led by British oil giant bp's investment arm and Hong Kong asset management company Templewater. A financial investment of $10 million each has actually been made by bp Ventures and Templewater in the second round of funding, Hysata said in an exchange filing. The Wollongong-headquartered business said it would utilize the funds to broaden production capability at its electrolyser facilities in New South Wales. With high-efficiency, fundamentally low capex and a. mass-manufacturable design, Hysata aims to drive down the....

The Baltic Exchange's dry bulk sea freight index extended its rally on Tuesday to strike its greatest in more than 6 weeks, supported by a dive in the big vessel segment. * The general index, which consider rates for capesize, panamax and supramax shipping vessels, added 207 points, or 11.03%, to 2,083, touching its greatest level given that March 25. * The dry bulk market has actually continued to outperform expectations ... Spot Cape activity stays elevated in the secret packing areas of Australia (iron ore), Brazil (iron ore) and West Africa (bauxite), Jefferies experts composed in a note. *...

Copper rates in London rose on Tuesday, hovering near an essential resistance level of $10,000 a. metric ton, buoyed by funds' purchasing in the middle of Chinese authorities'. support pledges and riskon belief spilling over from the. equities markets. Three-month copper on the London Metal Exchange (LME). increased 0.7% to $9,978 a load by 0759 GMT, while the. most-traded June copper agreement on the Shanghai Futures. Exchange (SHFE) shut down 0.5% at 80,500 yuan. ($ 11,156.54) a lot. Risk-on sentiment from the equities markets spilled over to. metals market, and China's Shenzhen city relaxing home purchase. restrictions in some districts...