Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources said.
Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop Corp and AMC Entertainment Holdings Inc is spreading to other assets.
Motorcars stay on the road for a long time, so failing to adequately reduce gasoline vehicle emissions burdens the atmosphere with excess carbon dioxide for many years ahead, says an energy professor emeritus.
The world’s largest rig-builder’s decision shouldn’t come as a surprise though, says David Kuo, as the sun has been slowly setting on a shrinking oil and gas industry.
Playboy Enterprises Inc is nearing a deal to acquire the parent company of sexual wellness chain Lovers as it seeks to grow its lifestyle brand following the shuttering of its eponymous magazine, people familiar with the matter said on Sunday.
U.S. hedge funds last week bought and sold the most stock in more than 10 years amid wild swings in GameStop Corp shares that many had bet against, but their market exposure to stocks is still near record levels, according to an analysis by Goldman Sachs Inc.
On three hours of sleep a night and with no time to eat, one New York-based hedge fund manager overseeing billions in assets called last week the most stressful of his life.
Melvin Capital, the hedge fund at the center of the GameStop drama, lost 53per cent in January but received commitments for fresh cash from investors in the last days of the month, a source familiar with the fund said on Sunday.
Chinese smartphone maker Xiaomi Corp said on Sunday that its legal complaint against the U.S. Department of Defense and the Treasury Department was to protect the company's interests, in a notice on the Hong Kong stock exchange.
SYDNEY: Facebook CEO Mark Zuckerberg called Australian lawmakers last week to discuss rules that would make internet giants pay news outlets for content but failed to persuade them to change policy, the country's Treasurer said on Sunday (Jan 31). Zuckerberg "reached out to talk about the code and ......
