WASHINGTON (AP) — President Donald Trump said the United States "will continue to be the cleanest and most environmentally friendly country on Earth" as he announced a U.S. pullout from an international accord designed to curb climate change.
Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the economy around them sank. Occidental Petroleum Corp and a few other oil producers with wells near this town on New Mexico's border with Texas steadily pumped low-cost oil through the downturn, using a technique that has been heralded worldwide as a way to reduce carbon emissions and boost oil output. "When everyone else in the oil industry was going down, Oxy kept working," said Joshua Grassham, vice president of Lea County State Bank and a Hobbs Chamber of Commerce board member.
French bank Societe Generale on Monday announced the launch of the initial public offering of ALD Automotive, its car leasing arm, representing 20 to 23 percent of ALD's share capital. The indicative price ...
Jun.05 -- Four Arab countries led by Saudi Arabia cut diplomatic ties with Qatar and moved to close off access to the Gulf country, escalating a crisis that started over its relationship with Iran and its support of the Muslim Brotherhood. Bloomberg's Mohammed Sergie reports on "Bloomberg Markets."
CARACAS/NEW YORK, June 5 (Reuters) - In early May, Goldman Sachs turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities partly because it would mean dealing directly with a Venezuelan state bank, according to people familiar with the talks. The complexity of the operation was the primary concern for Goldman, but the Wall Street bank also weighed reputational risks after opposition politicians called it to warn about the potential damage of being seen as aiding President Nicolas Maduro's administration, according to an advisor to opposition lawmakers and a person familiar with the discussions. The warnings were part of a campaign by opposition lawmakers, economists and lawyers to cut off Wall Street financing for Maduro.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, who in December agreed to exit a minority-owned Chinese investment-banking joint venture, said the U.S. bank is seeking to find a new structure ...
The Latest on the Gulf Arab dispute with Qatar (all times local): 9:35 a.m. The Abu Dhabi-based airline Etihad says it is suspending flights to Qatar amid a growing diplomatic rift. Etihad said on its ...
