Recent Posts

Bolsonaro taps astronaut, car wash judge for Brazil cabinet

Brazilian president elect in rio de janeiro

Bloomberg When Donald Trump called to congratulate Brazil’s president-elect on Sunday, neither spoke the other’s language. Luckily, among Jair Bolsonaro’s well-wishers in the room, was a 24-year-old YouTube personality who was ready to offer his English skills to bridge the translation gap. That was just the start of a week marked by off-protocol improvisation. The former Army captain was elected ...

Read More »

Shell steps up buybacks as cash flow increases with crude price

A shell gas station in sham shui po, hong kong

Bloomberg Royal Dutch Shell Plc stepped up its share buyback program as cash flow surged on higher crude prices, even as profit fell slightly short of expectations. Cash flow from operations including working capital movements was $12.09 billion in the third quarter, the highest since 2014. The company said it will repurchase $2.5 billion of shares up to January 28, ...

Read More »

Encana arouses investor ire with US expansion

Bloomberg Encana Corp. agreed to buy US shale producer Newfield Exploration Co. in its largest-ever acquisition, inflaming investors’ ire by reversing course on a strategy of slimming down its oil and gas portfolio. The $5.5 billion purchase will give Encana positions in the Stack and Scoop shale fields in Oklahoma, the Bakken region of North Dakota and the Uinta play ...

Read More »
Send this to a friend