Shell Canada Products, a subsidiary of Shell plc (SHEL), announced Wednesday the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tonnes of CO2 annually from the Shell-owned Scotford refinery and chemicals complex. Shell also announced...
U.S. stocks closed mixed on Tuesday after a cautious session, as investors looked ahead to the release of some crucial U.S. data, including a report on consumer income and spending, for more clarity about the outlook for Federal Reserve\'s interest rates. Among the major averages, the Dow settled with a loss of 299.05 points or...
The U.S. dollar turned in a fairly positive performance against its major counterparts on Tuesday, riding on some hawkish comments from Fed officials, and the latest data on consumer confidence and home prices. Federal Reserve Governor Michelle Bowman said today that the tme is not right as yet to start lowering interest rates, and added...
Singapore will on Wednesday release May figures for industrial output, highlighting a light day for Asia-Pacific economic activity. Industrial production is expected to climb 9.5 percent on month and 2.8 percent on year after rising 7.1 percent on month and sinking 1/6 percent on year in April. Australia will see May results for the leading...
The Canadian market ended weak on Tuesday after data showed a bigger than expected increase in the nation\'s consumer price inflation in the month of May. Consumer discretionary, communications, healthcare and materials shares were among the notable losers. Technology and consumer staples shares found good support. The benchmark S&P/TSX Composite Index, which dropped to a...
The South Korea stock market on Tuesday ended the two-day slide in which it had dropped more than 40 points or 1.4 percent. The KOSPI now rests just beneath the 2,775-point plateau and it\'s likely to remain in that neighborhood again on Wednesday. The global forecast for the Asian markets is a mixed bag, with...
The Malaysia stock market has finished lower in seven straight sessions, slumping more than 25 points or 1.5 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it\'s poised to stop the bleeding on Wednesday. The global forecast for the Asian markets is a mixed bag, with...
Australia inflation accelerated more than expected in May, suggesting the Reserve Bank will remain hawkish at the August meeting. Consumer price inflation rose to 4.0 percent in May from 3.6 percent in April, the Australian Bureau of Statistics reported Wednesday. Inflation was expected to rise to 3.8 percent. At the same time, core inflation that...
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as the nation\'s inflation accelerated more than expected in May, suggesting the Reserve Bank of Australia will remain hawkish at the August meeting. Data from the Australian Bureau of Statistics showed that the consumer price inflation rose to 4.0 percent in...
German consumer confidence is set to deteriorate in July as the economy struggles to gain momentum, a closely watched survey showed on Wednesday. After rising for four straight months, the consumer climate index dropped unexpectedly to -21.8 in July from -21.0 in June, the survey published jointly by GfK and the Nuremberg Institute for Market...