Aramco signals sharply lower dividends as special payout shrinks
Saudi oil giant Aramco signalled on Tuesday it will slash its dividend payouts by nearly a third this year, meaning fewer funds for the kingdom…
US agricultural exports/imports threatened by Trump trade actions
U.S. President Donald Trump slapped 25% tariffs on imports from Mexico and Canada on Tuesday and doubled duties on Chinese goods to 20%, triggering retaliation…
Canada imposing 25% tariffs on $30 billion of US imports, Trudeau says
Canada is imposing 25% tariffs on C$30 billion worth of U.S. imports effective immediately, Prime Minister Justin Trudeau told reporters on Tuesday.
Elliott nominates 7 directors at Phillips 66, ratchets up pressure
Elliott Investment Management nominated seven directors to Phillips 66's board, laying the groundwork to push for changes that include spinning off or selling its midstream…
US orders wind down of Chevron’s oil exports from Venezuela in 30 days
The Trump administration said on Tuesday it was ending a license that the U.S. has granted to U.S. oil producer Chevron since 2022 to operate…
Hershey says ICE cocoa futures market is disconnected from reality
Chocolate maker Hershey Co said the ICE New York cocoa futures market is disconnected from the reality of the global physical market due to exchange…
Trudeau tells Trump that tariffs are ‘very dumb,’ says Canada striking back
Prime Minister Justin Trudeau told U.S. President Donald Trump on Tuesday that his new tariffs on Canadian imports were "a very dumb thing to do"…
CK Hutchison to sell Panama ports’ stake to group including BlackRock amid Trump pressure
Hong Kong's CK Hutchison is selling its controlling stake in a unit that operates Panama ports to a group including BlackRock, it said on Tuesday…
South Korea and US to form working group on Alaska LNG project, tariffs
South Korea and the United States have agreed to establish a working-level group to discuss a gas pipeline project in Alaska, energy, shipbuilding, tariffs and…
Tariffs would need to be in place for years to alter US-Canada crude flows, Enbridge says
Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern…
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