LNG Canada, a Shell-led initiative, is facing technical difficulties as it increases production at its Kitimat liquefied natural gas plant. This has led to at least one LNG tanker being diverted from the facility recently without its superchilled fuel, Reuters quoted four sources and LSEG ship tracking data in a report.The…
Three vessels chartered by India’s Nayara Energy have sought to terminate their contracts, pressured by EU sanctions imposed on the Russian-owned refiner, according to a Reuters report on Wednesday. Nayara Energy, a significant player in India’s energy sector, is majority-owned by Russian entities, notably including the oil major Rosneft. The company operates…
India has set an ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030, including 280 GW from solar energy, as part of its commitment under the Paris Agreement and its broader aim to achieve net-zero emissions by 2070. The country has made substantial progress in adding solar…
Adidas shares tumbled on Wednesday after the German sportswear giant reported second-quarter sales below expectations and warned that new US tariffs would significantly raise costs in the second half of the year. Despite a solid rise in profit, the company opted to maintain its annual guidance, citing global volatility and…
Waste Management’s stock price remained in a tight range after the company published its financial results. WM was trading at $227.90, down by 5.7% from its highest point this year, giving it a market capitalization of over $92 billion. Waste Managent is still growingWaste Management, the biggest player in the waste…
Super Micro Computer stock price continued its recovery and hit the crucial resistance at $60, its highest level since February 20th and a few points below $62.15. SMCI has jumped by 250% from its lowest point in November last year. SMCI stock price analysisThe daily chart shows that the SMCI stock…
The US Dollar Index wavered on Wednesday morning as market participants waited for the key US macro data and the upcoming Federal Reserve interest rate decision. The DXY Index was trading at $98.80, up from the year-to-date low of $96.38. Federal Reserve decision and US macro dataThe US dollar index will…
The ASX 200 Index continued its strong rally this month. It has jumped in the past four consecutive months, reaching a record high of A$8,776, up by over 22% from the lowest level in April.Australia inflation and RBA decisionThe ASX 200 Index continued its strong rally after Australia published the…
The HSBC share price plummeted in Hong Kong after the company reported weaker-than-expected results and announced a $3 billion share buyback. It was trading at $97.50 on Tuesday, a few points below the year-to-date high of $102p. It has crashed to the lowest point since July 21.HSBC share buyback and…
Rolls-Royce share price pumped on Tuesday and was hovering near its all-time high of 1,013p. It has increased by 75% this year, surpassing the FTSE 100 Index, which has risen by 11%. RR stock price has jumped by over 1,000% in the last five years, while the Footsie has soared by…