PACW: PacWest is Looking for a Buyout Offer After Shares Wash Out 55%
Another regional lender is trying to escape the insolvency path by selling out to a buyer or seeking a fresh…
Enbridge reaches toll agreement with shippers for Mainline system
(Reuters) – Enbridge (NYSE:ENB) Inc, Canada’s largest transporter of crude oil, said on Thursday it has reached a 7-1/2 year toll…
Paramount misses quarterly revenue estimates
(Reuters) – Paramount Global Inc missed first-quarter revenue estimates on Thursday as advertisers cut back on spending in a challenging…
Dollar retreats after Fed meeting, while euro shines ahead of ECB
The U.S. dollar retreated in early European trade Thursday, continuing the previous session’s selloff after the Federal Reserve signaled a…
Gasoline falls below $9/bbl as stocks rise
Asia’s gasoline refining profit margin fell below $9 a barrel on Thursday after an unexpected rise in inventories at the…
HF Sinclair beats Q1 profit estimates, submits buyout bid for Holly Energy
(Reuters) – U.S. oil refiner HF Sinclair Corp beat first-quarter profit estimates on Thursday, as margins spiked from a year…
Global gas markets rebalancing, to remain tight in 2023- IEA
(Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline…
South Africans call for UK to return diamonds set in crown jewels
(Reuters) – Some South Africans are calling for Britain to return the world’s largest diamond, known as the Star of…
Oil prices recover after three-day plunge; demand worries linger
(Reuters) – Oil prices rose on Thursday but were unable to claw back the more than 9% decline during the…
White House to meet Microsoft, Google CEOs on AI dangers
(Reuters) – The White House will host CEOs of top artificial intelligence companies, including Alphabet (NASDAQ:GOOGL) Inc’s Google and Microsoft…