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Canadian Natural Resources expects higher production, lower spending in 2026
Reuters· 2025-11-07 14:02
Canadian Natural Resources on Friday forecast a modest rise in production for 2026 while lowering total capital spending from this year's levels, signaling a continued focus on efficiency and discipli... ...
Impact of US government shutdown far worse than expected, White House adviser says
Reuters· 2025-11-07 14:00
The economic impact of the U.S. government shutdown is far worse than expected, but the U.S. economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday. ...
PNC broadens branch expansion plan to more than 300 by 2030
Reuters· 2025-11-07 13:57
U.S. lender PNC said on Friday it will be opening more than 300 new branches by 2030, adding about 100 locations to its earlier plan as it looks to expand its in-person banking footprint. ...
Wall St reacts to Musk's $1 trillion pay plan approval by Tesla investors
Reuters· 2025-11-07 13:45
Core Insights - Tesla CEO Elon Musk has received shareholder approval for the largest corporate pay package in history [1] Group 1 - The approval signifies a significant endorsement from shareholders regarding Musk's leadership and vision for Tesla [1] - This pay package is expected to align Musk's financial incentives with the long-term performance of the company [1] - The decision reflects the confidence shareholders have in Tesla's future growth and profitability [1]
Gilead's breast cancer drug fails to meet main goal of late-stage study
Reuters· 2025-11-07 13:41
Gilead Sciences said on Friday its breast cancer drug Trodelvy failed to meet the main goal of a late-stage study. ...
Newmont cuts 16% of workforce in restructuring after Newcrest deal- memo
Reuters· 2025-11-07 13:32
Newmont has cut about 16% of its workforce as part of a restructuring following the acquisition of Australian miner Newcrest, according to an internal memo to staff seen by Reuters. ...
'GTA VI' delay to November 2026 allows Take-Two potentially bigger launch, analysts say
Reuters· 2025-11-07 12:59
Repeated delays of "Grand Theft Auto VI" have failed to perturb analysts, who believe the new release window will allow Take-Two Interactive to make a bigger splash when it launches the videogame indu... ...
UAE's oil trading arm plans rapid global expansion, Bloomberg reports
Reuters· 2025-11-07 12:54
Core Insights - ADNOC's trading unit aims to increase its handled volume by two-thirds in the coming years as part of its international expansion strategy [1] Company Summary - ADNOC's trading unit is focusing on international expansion to enhance its trading capabilities [1] - The CEO of ADNOC's trading unit has indicated a significant growth target, aiming for a two-thirds increase in volume [1]
India's Petronet LNG to get 500,000 T LNG from Exxon in 2026 under new deal
Reuters· 2025-11-07 12:47
Core Viewpoint - India's top gas importer, Petronet LNG, has secured a supply deal with ExxonMobil for 500,000 tons of liquefied natural gas (LNG) in 2026 from the Gorgon project in Australia, as part of a larger agreement for 1.2 million tons per year [1] Group 1 - Petronet LNG is set to receive 500,000 tons of LNG in 2026 [1] - The supply deal with ExxonMobil is part of a 1.2 million ton per year agreement [1] - The LNG will be sourced from Australia's Gorgon project [1]
IKEA profit falls 26% to $2 billion as US tariffs fuel costs
Reuters· 2025-11-07 12:01
Sweden's Inter IKEA, which supplies furniture to IKEA stores around the world, said on Friday its annual operating profit dropped 26% as the impacts of U.S. tariffs drove up costs. ...