Iran demands diplomatic solution to peace after Trump rejects peace plan
I ran on Sunday and insisted that diplomacy is the only way to solve the conflict between Iran and the United States, and Israel after US President Donald Trump rejected an Iranian proposal for reopening the Strait of Hormuz. Abbas Araqchi, Iranian Foreign Minister, posted on Twitter: "Our conditions are clear and any movement toward reopening of the Strait of Hormuz depends on meeting these conditions." Only a negotiated resolution can help them get out of the deadlock.
Iran demands diplomatic solution to peace after Trump rejects peace plan
I ran on Sunday, insisting that only diplomacy could solve the conflict between Iran and Israel and the United States after US President Donald Trump stated he had rejected an Iranian proposal to open?the Strait of Hormuz. Abbas Araqchi, Iranian Foreign Minister, posted on social media: "Our conditions are very clear.?And?any movement toward reopening of the Strait of Hormuz depends on meeting these conditions." Only a negotiated resolution can help them get out of the deadlock.
Sources say Exxon is in advanced talks about returning to Venezuela's Orinoco Belt.
ExxonMobil has been in talks to return to Venezuela. The US energy giant is interested in the huge Petromonagas project, which was previously a part of the Orinoco Belt. It also showed interest in certain areas in the Carabobo Block. If finalized, a re-entry by Exxon into Venezuela would be a stunning?reversal? for?the?company after it left the OPEC nation nearly 20 years ago amid a dispute triggered because the government of the former president Hugo Chavez nationalized its oil projects.
Wall Street Journal, September 15,
These are the top stories in the Wall Street Journal. ? This information has not been verified and we cannot vouch for their accuracy. President Donald Trump has said that there are already guardrails to regulate AI companies and to prosecute them. This appears to be a way to downplay concerns raised by leaders in the industry about the potential harm caused by artificial intelligence. Microsoft has unveiled…
WSJ reports that South Korea is close to an agreement with the US worth more than $100 billion dollars in investments.
Wall Street Journal reported Thursday that the South Korean government was preparing to announce an 'energy investment project worth more than $100 billion in the United States,' aimed at boosting the artificial intelligence?buildout. According to the report, which cited people "familiar" with the issue, the deal would see South Korea finance the construction of eight nuclear power stations and a project involving natural gas.
Wall Street Journal, September 10,
These are the most popular?stories from the Wall Street Journal. ? The accuracy of these stories has not been verified by the site. Jim Farley, Ford Motor's Chief Executive, strongly denied claims by Transportation Secretary Sean Duffy claiming that the automaker is becoming overly dependent on Chinese companies. This was despite its tie-ups with car manufacturers overseas and a Michigan battery plant. Philip…
How do Caracas, Washington and other countries structure a huge oil production deal?
Venezuela and the U.S. announced a large-scale oil-production agreement last week. To develop even a small portion of the 64 billion?proven reserves in the 17 oilfields that are included in the agreement, a complex three-layer structure is required. The pact, if completed in the form it has been negotiated so far, will provide a 'base volume of exportable Venezuelan crude oil from mature fields that are already operating…
New York Times Business News - August 31,
These are the most popular?stories from the New York Times business pages. These?stories have not been verified and we cannot?guarantee?their accuracy. On Sunday, the U.S. forces attacked two Iranian rocket launchers that were attempting to disperse mines in the Strait of Hormuz. This was the first military action known between the two countries within a month. The U.S. Treasury Department has refused to grant credentials to reporters from The New York Times…
Wall Street Journal, July 14,
These are the most popular?stories from the Wall Street Journal. ? This?story has not been verified and we cannot vouch for its?accuracy. Elon Musk’s SpaceX is planning to launch its newest version, the Starship rocket, later this week. This follows the conclusion of an investigation by the Federal Aviation Administration (FAA) into problems from an earlier test flight. First Hawaiian has agreed to purchase California-based lender TriCo Bancshares for $2,01 billion in an all stock deal.
Iran declares Strait of Hormuz shut as 'unauthorised vessel' hit
Iran said on Sunday that it had closed the Strait of Hormuz following a vessel's unapproved travel route. It warned any retaliation for the incident would receive a "severe reaction." The Islamic Revolutionary Guard Corps of Iran, the Navy's Islamic wing, said that a vessel had compromised maritime security by turning off its systems. It was then struck and brought to an immediate halt. In the statement, it…
Axios: Iran fires missiles against commercial ships in Strait of Hormuz
Axios, citing two U.S. government officials, reported that Iran's Revolutionary Guards fired at least 2 missiles on commercial ships passing through the Strait of Hormuz Monday night. The report cited a U.S. government official as saying that two commercial ships sustained?significant damages but no casualties. The U.S. Central Command has not responded to the request for comment. The United Kingdom Maritime Trade Operations agency…
Wall Street Journal, July 1,
These are the most popular?stories from the Wall Street Journal. ? This?story has not been verified and we cannot vouch for its?accuracy. SK Inc and KKR, a private equity firm from South Korea, have launched a joint renewable energy platform worth $1.3 billion to meet the growing demand for clean power at?AI data centres and semiconductor manufacturing. According to the latest financial disclosure report of U.S.
North Korea's state media touts the'miracles of industrial production' when output exceeds target
North Korea's industrial production reached 105% of its planned 'targets' in the 100 days following the ruling party's congress in February. This was due to technological innovation and worker mobilisation. North Korea presented a five-year economic plan to its Ninth Party Congress, focusing on the basic industries, electricity and living standards. KCNA credited "the strength and patriotism of the nation…
Wall Street Journal, June 3,
These are the most popular?stories from the Wall Street Journal. ? This?story has not been verified and we cannot vouch for its?accuracy. Elon Musk’s SpaceX will price its initial public offer at $135 per stock, selling 555.6 millions shares in order to raise $75 billion. This is the largest IPO ever. Dominic LeBlanc said that Canada and the U.S. had a successful meeting to review their free trade agreement.
WSJ reports that BP's ousted Chairman Manifold had a clash with the director over deal negotiations.
The Wall Street Journal, citing sources familiar with the situation, reported that BP's formerly ousted chairman Albert Manifold had a disagreement with a fellow director, Simon Henry, earlier this year, over the handling of sensitive discussions related to a possible deal. BP dismissed?Manifold Tuesday and expressed serious concern about his 'governance standards and oversight, and conduct. Manifold claimed he had been?removed with no warning' and denied the description of his conduct.
Gulf markets are sunk by fading hopes of a quick resolution to the Iran war
The Gulf's major stock exchanges fell in early trading on Tuesday, as hopes of a deal ending the U.S. and Israeli war against Iran faded amid?differences? between Washington and Tehran over a proposed peace plan. U.S. president Donald Trump stated on Monday that the ceasefire agreement with Iran is "on life support." He cited disagreements over a number of demands, such as a halt in hostilities?on all sides, the lifting a U.S. Naval Blockade, and the resumption?of Iranian oil exports.
Source: Kimmeridge will nominate Scott Sheffield to Coterra Energy Board
Sources familiar with the matter say that investment firm Kimmeridge plans to nominate Scott Sheffield, former CEO of Pioneer Natural Resources? to Coterra Energy’s board. Source: Kimmeridge, one of the most well-known activists in the oil and gas sector, is planning to nominate five directors, including Sheffield, at the next Coterra shareholders meeting. Kimmeridge has been trying to put pressure on the U.S. gas and oil producer since November, when he called for an increase in the price of the product.
WSJ reports that BP is close to selling its majority Castrol stakes to Stonepeak
The Wall Street Journal reported on Tuesday that BP was close to selling a majority of Castrol's shares to Stonepeak, an investment firm. This deal values BP's lubricants division at $10 billion including debt. The report cited people familiar with this matter as saying that London-listed BP will sell a 65% share in its Castrol division to Stonepeak for approximately $6 billion. Financial Times reported on the matter, citing sources.
Wall Street Journal, December 23,
These are the most popular stories from the Wall Street Journal. The Wall Street Journal has not verified these stories, and cannot vouch for the accuracy of their content. Trump's administration has suspended the leases for?five? large offshore wind farms that are currently under construction off of the U.S. East Coast due to what they called national security concerns. This sent shares in offshore wind companies plummeting.
Wall Street Journal, December 18,
These are the most popular stories from the Wall Street Journal. These?stories have not been verified and we cannot vouch for their accuracy. Elliott Investment Management, an activist investor group, has built up a stake in Lululemon Athletica of more than $1 billion. It is now bringing a possible CEO candidate to the struggling athletic apparel retailer that it hopes to turn around. BP announced that Chief…