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U.S. House Democrats probe PR firms work for oil, gas companies By Reuters
© Reuters. FILE PHOTO: The U.S. Capitol building is seen in Washington, U.S., September 4, 2022. REUTERS/Elizabeth Frantz By Valerie Volcovici WASHINGTON (Reuters) -Public relations firms go beyond their traditional task of marketing to help their oil and gas clients fight off climate policies and mislead the public about climate change, U.S. congressional Democrats said […] More
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U.S. investments in foreign chips firms a potential concern, White House says By Reuters
© Reuters. FILE PHOTO: Employees work at a production line manufacturing chips inside a factory of an electronics company in Chizhou, Anhui province, China March 21, 2018. Picture taken March 21, 2018. REUTERS/Stringer By Alexandra Alper WASHINGTON (Reuters) – U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White […] More
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EU will propose windfall levies on energy firms, von der Leyen says By Reuters
© Reuters. European Commission President Urusla von der Leyen delivers state of the European Union address to the European Parliament, in Strasbourg, France, September 14, 2022. REUTERS/Yves Herman BRUSSELS (Reuters) – The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make […] More
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California’s Newsom signs bill requiring social media firms transparency By Reuters
© Reuters. FILE PHOTO: California Governor Gavin Newsom speaks during his meeting with Canada’s Prime Minister Justin Trudeau (not pictured) at the California Science Center outside the Ninth Summit of the Americas, in Los Angeles, California, U.S. June 9, 2022. REU (Reuters) – California Governor Gavin Newsom said on Tuesday he had signed a bill […] More
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U.S. Treasury Russian oil price cap guidance gives safe harbor to maritime service firms By Reuters
© Reuters. A view shows oil tanks at the NNK-Primornefteproduct petroleum depot in the far eastern port of Vladivostok, Russia June 11, 2022. Picture taken with a drone. REUTERS/Tatiana Meel By David Lawder and Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury on Friday issued new guidance on a proposed Western price cap on Russian […] More
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EY’s Greater China member firms say they won’t take part in firm’s global break-up By Reuters
© Reuters. FILE PHOTO: The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. REUTERS/Arnd Wiegmann/File Photo HONG KONG (Reuters) – Member firms of Ernst & Young (EY) in the Greater China region will not participate in a global plan by the professional services firm to split its audit and consulting […] More
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CreditSights finds calculation errors in making debt report for two Adani firms By Reuters
© Reuters. FILE PHOTO: FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/File Photo/File Photo (Reuters) – Fitch Group’s debt research unit CreditSights said it had discovered calculation errors in making a recent debt report […] More
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U.S. firms see progress on labor supply, price pressures, Fed survey shows By Reuters
© Reuters. A “now hiring” sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. REUTERS/Brian Snyder (Reuters) – U.S. economic activity was unchanged in July through late August, but firms reported some easing in labor shortages and price pressures, a Federal Reserve report showed on Wednesday. The U.S. […] More
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US Firms With High Foreign Revenues More Challenged Than Domestic Peers
© Reuters. US Firms With High Foreign Revenues More Challenged Than Domestic Peers – Jefferies By Sam Boughedda In a note focused on US equities, a Jefferies analyst stated that companies with high foreign revenues are likely to be more challenged than their domestic peers. “US financial conditions deteriorated last week led by a sell-off […] More
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Europe power firms need 1.5 trillion euros in margin calls, Equinor says By Reuters
© Reuters. FILE PHOTO: Norwegian energy company Equinor’s flag is seen at its headquarters in Stavanger, Norway, December 5, 2019. REUTERS/Ints Kalnins/File Photo By Marwa Rashad LONDON (Reuters) -European energy companies need at least 1.5 trillion euros ($1.5 trillion) to cover the cost of their exposure to soaring gas prices, Norwegian energy group Equinor has […] More
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Business travel budgets rising as firms use 2019 as spending benchmark -CWT By Reuters
© Reuters. A meeting room outfitted with airtight glass panels is pictured at short-stay facility Connect@Changi, a complex of hotel rooms and meeting halls near the airport which will welcome business “bubble” travellers from March, as part of the city-state’s effo By Jamie Freed SYDNEY (Reuters) – Business travel budgets are poised to rise in […] More
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Sweden to offer $23 billion in liquidity guarantees to energy firms By Reuters
© Reuters. FILE PHOTO: Swedish Finance Minister Mikael Damberg attends a press conference to propose relief for households affected by high electricity prices, in Rosenbad, Stockholm, Sweden January 12, 2022. Johan Jeppsson /TT News Agency/via REUTERS/File Photo STOCKHOLM (Reuters) – Sweden aims to offer 250 billion Swedish crowns ($23.23 billion) in liquidity guarantees to energy […] More
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