EUR Rises with Focus on ECB Tightening Path, CHF Rises

Euro rises, focus on rate hike bets Dollar takes a breather after recent gains Swiss Franc at multiweek highs after SNB hawkish turn May 19 Reuters The euro rose on Thursday as investors priced in the chance of an aggressive nearterm tightening path by the European Central Bank, while the safehaven dollar took a breather […]
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What is the Next Turn for Tesla?

Tesla stock has always been more volatile than the stock market. The list of variables in this stock ranks from the outlook for demand for electric cars i.e., oil prices and interest in the ESG agenda, including the economic outlook and monetary policy, and ends with the tone of the tweets of its founder, Elon […]
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Shell Acquires Egypts Offshore Block 3 Statement

CAIRO, May 18 Reuters A subsidiary of Shell plc, BG International, signed a farm out agreement FOA with ExxonMobil Egypt to acquire a 100 stake in the Exxon Mobiloperated North East ElAmriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday. On completion of the transfer, BG will become the […]
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Japans Inpex Targets Australia for Growth

BRISBANE, May 18 Reuters Inpex Corp, Japan39;s top oil and gas producer, wants to to grow in Australia through expansion of its liquefied natural gas LNG output as well as hydrogen and naturebased carbon offset projects, a senior executive said on Wednesday. Inpex39;s 40 billion Ichthys LNG project and stakes in other gas projects last […]
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