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LONDON / Reuters Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change. The Anglo-Dutch company, like many of its peers, has faced growing investor pressure to address the need to reduce …

KUWAIT / Reuters Kuwait’s oil minister said on Monday a pact between OPEC and non-OPEC producers to curb supplies would run to the end of the year and market conditions would determine whether to extend it further. Bakhit al-Rashidi also said the meeting of the Organization of the Petroleum Exporting Countries in June in Vienna would offer a chance to …

AMSTERDAM / Reuters A fight over the planned privatisation of Dutch energy company Eneco resurfaced on Monday as its works council called for an inquiry after the company announced that its CEO will step down in September. A large majority of the company’s 53 municipal shareholders voted in October to privatise Eneco, while CEO Jeroen de Haas and works council …

SYDNEY / Reuters Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said. Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas …

Bloomberg US stocks rallied and Treasuries slid with oil as geopolitical tensions eased and investors turned their attention to corporate results. The S&P 500 Index padded last week’s gain after there was no immediate reprisal to US, France and the UK’s missile attack in Syria and the trade spat cooled. Treasury yields edged to the highest in three weeks, while …

Bloomberg Saudi Arabia stocks were lifted on Monday by optimism about fund flows, while other bourses in the region were lacklustre. The Saudi index closed 1.0 percent higher, lifted by financial stocks. Insurance firm BUPA Arabia gained 5.5 percent after it recommended an increase in capital to 1.2 billion riyals ($320 million) from 800 million riyals through a 1-for-2 bonus …

NEW YORK / Reuters The dollar fell broadly on Monday on hopes that a US-led strike on Syria would not escalate, rekindling some appetite for stocks and other risky assets and spurred investors to reduce safe-haven holdings of the greenback. Government data that showed a rebound in US store sales in March failed to lift the dollar which has been …

Bloomberg Singapore home sales jumped to the highest in four months in March amid signs the property market is recovering. Developers sold 716 units, the Urban Redevelopment Authority said. That’s more than a revised 384 units in February and the highest since November. Still, sales are running at a slower pace than early last year. The city-state’s housing market is …

Bloomberg Bombardier Inc. is extending the range of its marquee business jet to 7,700 nautical miles, unseating the Gulfstream G650 as the long-distance champ of the private-aircraft industry. The 300-mile improvement for the Global 7000 means the plane will be able to whisk passengers from New York to Hong Kong, or Singapore to San Francisco, Bombardier said in a statement. …

SHANGHAI / Reuters China’s planned tariffs on US business jets may do little to buoy rivals despite concerns the moves could create an unequal playing field in the fast-growing China market, aviation executives said in Shanghai. China announced retaliatory tariffs against key US imports, among which is a proposed 25 percent tariff on US aircraft with an “empty weight” of …