Kinder Morgan profit jumps 26% on Gulf Coast Express pipeline strength
U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its...
Australia’s scandal-hit Westpac names veteran banker John McFarlane as chairman
Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman-elect, entrusting the former Australia and New Zealand Banking Group boss to help steer...
Angola’s dos Santos named suspect over alleged fraud, selling Eurobic stake
Angola’s billionaire former first daughter, Isabel dos Santos, has decided to sell her stake in Portuguese bank Eurobic, the small lender said on Wednesday....
Dollar steady as coronavirus contagion fears abate
The U.S. dollar was unchanged against a basket of currencies on Wednesday as safe-haven demand ebbed along with worries about whether the spread of a...
Oil slides 2% as glut forecast, China virus overshadow Libya disruption
Oil prices fell about 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of...
North American oil company bankruptcies jump in 2019: report
The number of oil company bankruptcies rose 50% in 2019 over the previous year, as a slide in prices continued to shake producers in the...
Boeing CEO says he expects to resume 737 MAX production before mid-year
Boeing chief executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 max production “months” before its forecasted mid-year return to...
Laid-off Philadelphia refinery workers struggle with shrinking sector
Third-generation Philadelphia oil refinery worker Lee Murray wore his late father’s hard hat every day of the 25 years he spent there....
Huawei CFO Meng arrives in Vancouver court for third day of U.S. extradition hearing
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors are expected to defend a U.S. extradition request in...
Avolon CEO sees new Boeing MAX timeline as ‘worst case scenario’
The head of aircraft lessor Avolon, which has committed to a fleet of 148 Boeing 737 MAX jets, said he believed the planemaker’s new June...