BUSINESS

Shell Pay Battle Escalates At Prelude LNG Off Australia

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017.
Shell Plc on Wednesday told workers at its Prelude floating liquefied natural gas (FLNG) facility it would stop paying them as of Monday after they extended industrial action for two more weeks over a long-running wage dispute.
David Martell, CEO of British electric vehicle home charger maker EVIOS, holds part of a charger at the company’s headquarters in Bedford, Britain, May 23, 2022.

As EVs Go Mainstream, A Rush For Share Of Home Charger Market

With electric vehicles (EVs) catching on, the scramble for market share among startups selling home chargers is heating up and that will feed further dealmaking in the sector as tens of millions of units are installed globally over the next decade.
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U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022.

Euro Slips From 2-week Highs As Mood Turns Sour

The euro slipped from two-week highs on Wednesday, as investors braced for a crucial European Central Bank policy meeting on Thursday after policymakers floated the prospects of a 50 bps interest rate hike.
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022.

Dollar Loses Steam, Euro On Front Foot As ECB Meeting Looms

The U.S. dollar retreated further on Wednesday as the euro extended its overnight bounce on relief Europe might avoid the worst fears concerning energy shortages, and on the chance the European Central Bank may deliver a more aggressive rate hike.
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Dollar Loses Steam, Euro Heaves Sigh Of Relief Ahead Of ECB

The U.S. dollar retreated on Wednesday as the euro extended its overnight bounce on relief Europe might be able to avoid the worst fears concerning energy shortages, and on the chance the European Central Bank may deliver a more aggressive rate hike.
Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. Picture taken November 14, 2016.

Oil Falls On Lackluster U.S. Summer Gasoline Demand

Oil prices slipped on Wednesday, after U.S. government data showed lower gasoline demand during the peak summer driving season and as interest rate hikes by central banks to fight inflation fed fears the economy could slow, cutting energy demand.

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