Feds acknowledge there have been more wildfires they were responsible for
Nigeria's President Muhammadu Buhari has withheld his initial approval of Exxon Mobil's sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent. Buhari on Monday consented to the $1.28 billion transaction, only for the Nigerian Upstream Petroleum Regulatory Commission to say it opposed the deal, although it did not give a reason. The transaction is being closely watched by other oil majors like Shell and TotalEnergies, who have announced plans to sell some local assets.
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday. The bank said it was sticking to the policy of a free-floating rouble exchange rate but highlighted that it was important to reinstate a budget rule which diverts excess oil revenues into the country's rainy day fund. In a report on its monetary policy for 2023-2025, the central bank said various options on how to return to the fiscal rule and replenish the NWF are now being discussed, taking into account the Western sanctions against Russia over its actions in Ukraine.
TFSA investors can buy top dividend stocks and harness the power of compounding to build significant portfolios for retirement. The post How to Turn $15,000 Into $270,000 and Pay No Tax appeared first on The Motley Fool Canada.
Euro zone industrial production in June grew three times more than expected, data showed on Friday, mainly thanks to a jump in the output of capital goods. The European Union's statistics office Eurostat said industrial production in the 19 countries sharing the euro rose 0.7% month-on-month in June for a 2.4% year-on-year increase. Eurostat said that the production of capital goods, which include things like machinery, equipment, vehicles or tools, rose 2.6% on the month and 7.6% in annual terms.
More than half of Canadians believe the metaverse will be part of everyday life within the next decade, study says
Top U.S. Gulf of Mexico oil producer Shell said on Thursday it halted production at three U.S. Gulf of Mexico deepwater platforms after a leak shut two pipelines connecting the platforms, adding it expected pipeline service to resume on Friday. A failure at an onshore pipeline junction in Louisiana leaked about two barrels of oil, said Chett Chiasson, executive director of Greater Lafourche Port Commission. A Shell spokesperson said the leak, approximately two barrels of oil, has been contained, and the company expects the Mars and Amberjack pipelines to return to service on Aug. 12.
Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on its sanctions list this week. Tornado Cash is one of the largest crypto blenders identified as problematic by the U.S. Treasury. The Dutch public prosecutor’s office for serious fraud, environmental crime and asset confiscation (FIOD) said Tornado was suspected of having laundered more than $7 billion worth of virtual currency since it was created in 2019.
(Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said he is sticking to his view that the U.S. central bank will need to raise its policy rate another 1.5 percentage points this year and more in 2023, even if that causes a recession. The Fed is "far, far away from declaring victory" on inflation, Kashkari said at the Aspen Ideas Conference, despite the "welcome" news in the consumer price index report earlier in the day that inflation may have begun to cool. Kashkari said he hasn't "seen anything that changes" the need to raise the Fed's policy rate to 3.9% by year-end and to 4.4% by the end of 2023.
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MANTARO PRECIOUS METALS CORP. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (the "Company") is pleased to announce that it has completed its initial diamond drill program on multiple prospects at its highly prospective Golden Hill Property, located in Bolivia.
Global equity markets rose while U.S. Treasury yields fell on Friday as investors tempered their expectations on the scale of the Federal Reserve's interest rate raising cycle amid a pullback in inflation led by falling oil prices. Market sentiments have been buoyed by U.S. Labor Department data this week showing a slowdown in consumer and producer prices in July following a series of interest rate hikes by the Fed. "With inflation now backing off, all the managers who stayed in cash and didn't believe we could move off the June lows are now being forced in back in to the market," said Thomas Hayes, chairman at Great Hill Capital.
Strathmore Landscape is proud to be the recipient of the National Award of Landscape Excellence for commercial maintenance for Centropolis. Awards were announced on August 11 at the CNLA 100-year anniversary celebration. This is Strathmore's second consecutive year being recognized for the best commercial landscape maintenance in Canada.
Canada's main stock index was up in late-morning trading with help from the industrials and utilities sectors, as U.S. stocks markets also rose. The S&P/TSX composite index was up 69.53 points at 20,061.41. In New York, the Dow Jones industrial average was up 121.15 points at 33,457.82. The S&P 500 index was up 28.64 points at 4,235.91, while the Nasdaq composite was up 125.71 points at 12,905.62. The Canadian dollar traded for 78.19 cents US compared with 78.41 cents US on Thursday. The Septemb
(Reuters) -Australian wealth manager AMP Ltd said on Thursday its half-year underlying profit slumped by nearly a quarter, as margin pressure weighed on the banking division, sending its shares down nearly 3%. Net interest margin at AMP Bank fell to 1.32% in the first half of the fiscal year, from 1.71% a year earlier, dragged down by growth in fixed-rate loans - which are less profitable. Still, the company said the banking division's net interest margin improved in the second quarter, and will show a good performance during the second half of the year, benefiting from a higher interest rate environment.
The dollar was slightly lower on Thursday following a 1% loss the previous day when data showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back future rate hike expectations by the Federal Reserve. Investors slashed bets on the possibility that the Fed will raise interest rates by 75 basis points for a third consecutive time to help tame decades-high inflation when it meets in September after a report on Wednesday showed U.S. consumer prices were unchanged in July. Fed funds futures traders are now pricing in a 58% chance of a 50-basis-point hike in September and a 42% chance of a 75-basis-point increase.
More than 40% of marketing professionals said voice assistant applications were the top priority trend for them to implement, the 2022 Voice Branding Trends Report from Voices, the #1 voice marketplace, found.
BERLIN (AP) — German Chancellor Olaf Scholz pledged his government won't leave citizens freezing or unable to pay their energy bills but acknowledged Thursday that his country faces considerable challenges in the coming months. Rising fuel costs sparked by Russia's war against Ukraine have put severe financial strain on many in Germany and beyond, raising concerns about a possible winter of discontent. “We will do everything to help citizens get through this difficult time,” Scholz told reporter
Plunging valuations have made biotech companies tempting acquisition targets for cash-rich Big Pharma and a flurry of deals is just what the battered sector needs to turn a corner. Pfizer's $5.4 billion acquisition of Global Blood Therapeutics, which was announced on Monday, is the fourth deal in the sector since the pharma giant bought Biohaven for $11.6 billion in May, adding to optimism that large drugmakers are back in the market to pick up cheaper firms. Industry experts predict biotech firms that are closer to getting their product to market or already have a drug approved are likely to become M&A targets for large drugmakers, some of whom are staring at patent expirations of their cash cow drugs.
SEOUL (Reuters) -South Korea's President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with the justice ministry saying the business leader was needed to help overcome a "national economic crisis". The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery in a scandal that led to massive protests and brought down then-President Park Geun-hye in 2017. However, analysts said the pardon should mean Lee will be able to carry out business activities with fewer legal restrictions, and could herald some large investments from Samsung, the world's biggest smartphone and memory-chip maker.
Recently, Jingxi Cross-border E-commerce Experience Center & Jingxi E-commerce Public Service Center in Baise, Guangxi Zhuang Autonomous Region was inaugurated. This new model of cross-border e-commerce will help reduce the operation and management costs of cross-border trade enterprises, improve the facilitation level of cross-border trade, and also help Jingxi characteristic agricultural products "go global, expand its markets, and sold globally".
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