Wall St opens lower as growth stocks rally wanes, Target slumps

U.S. stock indexes opened lower on Wednesday as a rally in growth shares faded and downbeat results from retailer Target Corp added to worries over surging inflation.

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18-05-2022

Tallgrass Energy, ADM plan CO2 transport and sequestration deal

Pipeline firm Tallgrass Energy on Wednesday said it will convert a natural gas pipeline into carbon dioxide service, and ship CO2 from an Archer-Daniels-Midland Co corn-processing plant in Nebraska to a permanent underground storage hub in Wyoming.

newspaper

18-05-2022

No winner yet in Pennsylvania's hot U.S. Senate Republican primary, key midterm matchup

PHILADELPHIA (Reuters) -Pennsylvania's hotly contested U.S. Senate Republican primary between TV personality Dr. Mehmet Oz and former hedge fund executive David McCormick was still undecided on Wednesday, after a technical error delayed the counting of thousands of ballots.

newspaper

18-05-2022

Exclusive-Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel

The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said Wednesday.

newspaper

18-05-2022

Wall Street set to open lower as rally led by growth stocks wanes

(Reuters) -Wall Street's main indexes were set for a lower open on Wednesday following a sharp rally in megacap growth stocks in the previous session that fizzled out on fears of aggressive monetary policy tightening and slowing economic growth.

newspaper

18-05-2022

Pakistan opens talks with IMF seeking more cash to aid economy

Pakistan opened long-delayed talks with the International Monetary Fund on Wednesday, seeking the release of more funds from a $6 billion rescue package agreed in 2019 to help shore up the South Asian nation's battered economy.

newspaper

18-05-2022

Tencent profit halves, revenue flat, as ad sales slump

HONG KONG (Reuters) -China's Tencent posted a quarterly profit that had halved from a year ago and recorded no revenue growth, its worst performance since it went public, warning that advertisers in consumer, eCommerce and travel businesses had slashed spending.

newspaper

18-05-2022

Japan set to allow foreign Toshiba bids if they comply with security rules

Japan will not block foreign investors from buying industrial giants such as Toshiba Corp provided they comply with rules that govern the handling of sensitive infrastructure and technology, Japan's economic security minister said.

newspaper

18-05-2022

Futures slip after sharp Wall Street rally

U.S. stock index futures edged lower on Wednesday following a sharp rally in megacap growth stocks in the previous session that fizzled out on fears of aggressive monetary policy tightening and slowing economic growth.

newspaper

18-05-2022