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☆ Murders, imprisonment and violence: Threats to press freedom grow in Latin America
▼ + stars: | 2024-05-03 | by ( Esteban Campanela | Sol Amaya | ) edition.cnn.com time to read: +13 min

These are just the tip of the iceberg of the challenges faced by many media workers in Latin America, where experts say the status of press freedom is increasingly worrisome. The Prosecutor’s Office confirmed in a press conference that they believed the crime was linked to his journalistic work. Last week, the Mexican president criticized the US State Department’s report on human rights in the world, which refers to concerns over press freedom in Mexico, saying that US authorities should “be respectful”. In a publication in social network X, Cuban Foreign Minister Bruno Rodríguez said US officials are not concerned about the human rights of Cubans and that the United States has its own human rights violations. Nicaragua: Ortega-Murillo regime targets journalismHarassment of the press in Nicaragua has been widely reported on numerous occasions.

Persons: CNNE, Francisco Cobos, ”, Cobos, Andrés Manuel López Obrador, López Obrador, Enrique Peña Nieto, Felipe Calderón, Lourdes Maldonado López, Maldonado López, Séptimo Día, Roberto Figueroa, Xochitl Zamora, Lourdes Maldonado, Maldonado ´, Marco Ugarte, AP López Obrador, Andres Oppenheimer, Javier Milei, Lopez Obrador, Abraham Jimenez, Jimenez, civically, “, Miguel Diaz, Yamil Lage, Jiménez, Bruno Rodríguez, Ortega, Murillo, Juan Lorenzo Hollman Chamorro, Hollman Chamorro, Chamorro, Carlos Fernando Chamorro, Rosario Murillo, … provocateurs, Chávez, Vos, Chavez, ” Edgar López, López, Juan Pablo Lares, Maximiliano Bruzual, Ariana Cubillos, Nicolas, Maduro’s, Yván Gil, ” Jeannine Cruz, Gustavo Petro, Nayib Bukele, Gonzalo Zegarra, Rey Rodríguez, Manuela Castro, Ana María Cañizares, Ivonne, José Álvarez, Elvin Sandoval, Iván, Sarmenti, Español Organizations: CNN, Amnesty International, Protect Journalists, Univision, Televisa, Prosecutor’s, AP, CIA, Canel, Getty, Cuban Foreign, La Prensa, National Police, ”, El, Regional, Democracy, Nicaraguan, State Department, National College of Journalists, Venezuelan, TC Television, Communication, “ Locations: Mexico, Cuba, Venezuela, Nicaragua, Latin America, Mexican, American, Tamaulipas, McAllen , Texas, Tijuana, Morelos, Tijuana , Mexico, Spain, Cuban, Havana, AFP, United States, Costa Rica, El Confidencial, Managua, NIcaragua, Sur, Washington, Venezuelan, “, Caracas, ”, Ecuador, Guayaquil, America, Argentina, Colombian

☆ 'Bargain' energy stocks: Morningstar strategist picks 5 to buy as oil prices slide
▼ + stars: | 2024-04-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Heightened geopolitical tensions have triggered volatility in crude oil prices, but one strategist is looking keenly for opportunities in the energy sector. Stephen Ellis, energy and utilities strategist at Morningstar, said oil market volatility does present challenges and urged investors to be patient, which "regularly pays off within energy." Brent crude oil prices were trading around $86.50 on Apr. 'Quality' names within energy Ellis said he searches for quality names when selecting stocks in the energy space. "All of these are 'moaty' firms that have some upside to our fair value estimates, even in a period of high oil prices," Ellis explained.

Persons: Stephen Ellis, Ellis, Morningstar, SLB Morningstar, It's Organizations: Morningstar, CNBC Pro, TC Energy, APA Corp, ExxonMobil, Schlumberger Locations: Brent, Suriname

☆ Oil prices up as world's top consumers boost demand
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose Friday due to increased demand in the U.S. and China, the world's top oil consumers, and a positive signal from the Fed on potential rate cuts. Oil prices rose on Friday, driven by growing demand in the United States and China, the world's biggest oil consumers, and as the U.S. Federal Reserve gave a positive signal on possibility of rate cuts. Both fell more than expected in a sign of a strong demand. Providing additional support to oil prices, Federal Reserve Chair Jerome Powell said on Thursday that the U.S. central bank was "not far" from gaining enough confidence that inflation is falling to begin cutting interest rates. In Canada, TC Energy's Keystone oil pipeline resumed service on Thursday after going offline and temporarily restricting a major conduit of Canadian oil to the United States — one of the factors supporting prices in the previous session.

Persons: Jerome Powell Organizations: U.S . Federal Reserve, Brent, . West Texas, Energy Information Administration, ANZ Research, Capital Economics, TC, Keystone Locations: U.S, China, United States, Canada

☆ The owner of a restaurant in New York state told a transgender cook he 'wasn't a real man' and asked about his genitalia, a federal agency claims
▼ + stars: | 2024-01-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Staff at a New York pizzeria, including its owners, repeatedly harassed a transgender cook, the EEOC claimed. The same co-owner also told Gambino that he "wasn't a real man" and said that he didn't approve of Gambino being transgender, the EEOC's press release said it. AdvertisementThe lawsuit accused TC Wheelers of violating Title VII of the Civil Rights Act of 1964, which prohibits discrimination based on gender identity and gender expression. Under the settlement, TC Wheelers will pay Gambino about $3,500 in back pay and $21,500 in compensatory damages. AdvertisementBusiness Insider has contacted TC Wheelers for comment.

Persons: —, misgendered, Quinn Gambino, Gambino, misgendered Gambino Organizations: Service, Commission, TC, Management, Court, Western, of, Civil Locations: New York, Tonawanda, Buffalo, of New York

☆ Ecuador: As terror grips the streets, even the armed forces live in fear
▼ + stars: | 2024-01-25 | by ( David Culver | Abel Alvarado | ) edition.cnn.com time to read: +9 min

Suddenly, residents, including Camille and Diego, found themselves seeking a safe place for themselves and their loved ones. Ecuadorean Police/Handout via ReutersHours after terror broke out in Guayaquil, President Daniel Noboa took an unprecedented step. Noboa, who had only been inaugurated two months earlier, declared an “internal armed conflict” in the country and ordered Ecuador’s armed forces to “neutralize” the members of more than 20 gangs, which he labeled as terror groups. Since then, Ecuador’s national police and armed forces have been carrying out raids of homes of those with suspected ties to terror groups. Experts warn that Ecuador’s terror groups are aligned with a wider criminal network, including the notorious Sinaloa Cartel out of Mexico, complicating Noboa’s attempts to “neutralize” criminal groups operating within his borders.

Persons: Ecuador CNN — Camille Gamarra, Diego Gallardo, Camille, Diego, “, ’ ” Camille, ” Camille, – José Adolfo Macías, ” –, Jose Adolfo Macias, Daniel Noboa, they’ve, ”, Jaime Vela Erazo, Fito, Sean Walker, Noboa, CNN’s Christiane Amanpour, It’s, Carlos Jimenez, ” Jimenez, Jimenez, he’s, “ I’ve, I’ve, “ I’m, Noboa’s, Cesar Suarez Organizations: Ecuador CNN, Ecuadorean Police, Handout, Reuters, CNN, Joint Command, Ecuador’s Armed Forces, Colombian, RCN, Residents, TC Television Locations: Guayaquil, Ecuador, Peru, Colombia, United States, Europe, Sinaloa, Mexico, Aire, Golfo

☆ Ecuadorean Prosecutor Killed by Gang, Two Arrested -Police
▼ + stars: | 2024-01-18 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

By Yury Garcia and Alexandra ValenciaGUAYAQUIL/QUITO (Reuters) -Two suspects have been arrested in connection with the murder of Ecuadorean prosecutor Cesar Suarez who was allegedly targeted by a gang, police said on Thursday, as security forces continued interventions in prisons. Incidents this month have included an attack by armed gunmen on the TC television station, the hostage-taking of more than 200 prison staff and the kidnapping of police officers. Suarez was in charge of investigating the television station attack, when journalists and others were briefly held hostage, as well as cases connected to corruption and drug trafficking, Herrera said. Police detained 13 people, including two minors, in connection with the television station attack. Ecuadorean bonds continued to rise on Thursday on views the crisis could become a catalyst for policy action.

Persons: Yury Garcia, Alexandra Valencia, Cesar Suarez, Daniel Noboa, Suarez, Victor Herrera, Herrera, Adolfo Macias, Ecuadorean, Rodrigo Campos, Julia Symmes Cobb Organizations: Alexandra, Alexandra Valencia GUAYAQUIL, TC, Police, Security Locations: QUITO, Ecuador, Guayas province, Guayaquil, America, Quito, New YorkWriting

☆ Cesar Suarez: Ecuadorean prosecutor investigating TV station attack has been assassinated, attorney general says
▼ + stars: | 2024-01-17 | by ( Tara John | Abel Alvarado | ) edition.cnn.com time to read: +3 min

CNN —An Ecuadorean prosecutor, who was reportedly leading an investigation into an attack on a local TV network, was assassinated on Wednesday in Guayaquil, according to Ecuador’s Attorney General Diana Salazar. Cesar Suarez was killed in the northern part of the city, known for being one of the most violent cities in the country. The TV station attack led Noboa to declare an “internal armed conflict” in the country, ordering security forces to “neutralize” several criminal groups accused of spreading extreme violence in the Latin American nation. Since then, Ecuadorian military and police have spread throughout the city of Guayaquil, a CNN team on the ground witnessed. This comes as rival criminal organizations fuel Ecuador’s worsening security situation in their battle to control drug trafficking routes.

Persons: Diana Salazar, Cesar Suarez, Salazar, Suarez, “, ” Salazar, ”, Daniel Noboa, Adolfo “ Fito ” Macias, Oliver, Noboa, “ Leo Organizations: CNN, Ecuavisa, TC Television, United, Ecuadorian, Ecuador’s Armed Forces Locations: Guayaquil, Guayas, Ecuadorian, Ecuador, Fito, Mexico, United States, Sinaloa, Colombia, Los Tiguerones, Victoria del, “, Peru, Europe

☆ Organized Crime Prosecutor in Ecuador's Guayas Killed-AG's Office
▼ + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

QUITO (Reuters) - Ecuadorean prosecutor Cesar Suarez, who focused on pursuing organized trans-national crime in Guayas province, one of the country's most violent areas and the site of an on-air attack on a television station last week, has been killed, the attorney general said on Wednesday. In response President Daniel Noboa declared a 60-day state of emergency, including a nighttime curfew, and designated 22 criminal groups as terrorist organizations. "The criminals, the terrorists, will not hold back our commitment to Ecuadorean society," attorney general Diana Salazar said in a video posted to social media. "We call on the forces of order to guarantee the security of those who are carrying out their duties." Her office was conducting a preliminary investigation at the site of the killing, Salazar said, expressing her grief for Suarez's family but giving no further details about the crime.

Persons: Cesar Suarez, Daniel Noboa, Diana Salazar, Salazar, Alexandra Valencia, Julia Symmes Cobb Organizations: TC Television Locations: QUITO, Guayas province, Ecuador, Guayaquil

☆ The designer of the ‘Bushwick Birkin’ is rewriting the rules of fashion
▼ + stars: | 2023-12-04 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +13 min

By contrast, even the most expensive Shopping Bags often cost less than $300. Telfar Clemens at the CFDA x Vogue Fashion Fund 'Americans in Paris' event, Paris Fashion Week, France in March 2018. Maker of the ‘Bushwick Birkin’“This Telfar bag imported. The Covid-19 pandemic sent the popularity of the Shopping Bag to new heights — new bag releases announced online sold out in minutes. ‘For everyone’In 2015, Telfar had an unusual partner at New York Fashion Week: fast-food chain White Castle.

Persons: Bella Hadid, Alexandria Ocasio, “ Abbott, they’re, Birkin, ”, Telfar Clemens —, ” Clemens, Clemens, He’s, Telfar, Telfar Clemens, Hagop Kalaidjian, Clemens “, Lois Sakany, Beyoncé, Gonzalo Marroquin, Patrick McMullan, Solange Knowles, David X Prutting, Bushwick Birkin, —, Adrienne Jones, Samia Laaboudi, Edward Berthelot, Chanel, Laticha Brown, ’, Robert F, Kennedy, Babak Radboy, “, It’s, Elliott Jerome Brown Jr, ” Sakany, Sakany, Pratt’s Jones, Radboy, ” Telfar, DiCianno, Jones, ” Jones, it’s Organizations: New, New York CNN, Rep, ABC, Brooklyn, tote, Gay Times, Fund, Paris, CNN, Liberian, New York’s Pace University, Breakfast Club, of Fashion Designers of America, Vogue, Guggenheim Museum, ” Pratt Institute, Security, New York, Reuters, Analysts, Bag Security, Fashion Institute of Technology, White, Kennedy Human Rights Liberty, Justice Fund, Old, Fast Locations: New York, Alexandria, Cortez, Bushwick, Brooklyn, Paris, France, New York City, Liberian, Queens, Liberia, United States, USA, . Clemens

LONDON, Nov 23 (Reuters) - Chilean copper miner Antofagasta (ANTO.L) last week inked the first major 2024 concentrates supply deal with China's Jinchuan Group. Indeed, it's far from certain there will be a single benchmark for next year due to a shifting copper concentrates landscape. Annual "benchmark" copper smelter treatment chargesSPLIT BENCHMARK? Other members of China's Copper Smelters Purchase Team, a grouping of the country's biggest players, have rejected Jinchuan's terms as a benchmark. Its new Manyar copper smelter will start ramping up from May.

Persons: Freeport, Chen Yunian, Jinchuan, it's, Jan Harvey Organizations: China's Jinchuan, TC, Freeport McMoRan, HK, Study, China's, Copper, Reuters, Thomson Locations: Antofagasta, Jinchuan, Freeport, Indonesia, Panama, Peru, Chile, China, Jiangxi, Canada, Botswana

☆ How to talk to your secretly 'overemployed' friends
▼ + stars: | 2023-11-14 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

There's a secret world of "overemployed" people who are holding down multiple high-paying jobs. "Overemployed" workers use their own language and codenames on Reddit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Taking on multiple jobs to make ends meet isn't new, but these are professionals, often making large salaries, who are making hay in the remote work sunshine. Facebook mom groups talk about DH (dear husband) or LO (little one, or kid); and on looksmaxxing TikTok they talk about mogging (being more handsome than someone else).

Persons: —, Insider's Aki Ito Organizations: Meta, IBM, Service, J3, RJ

☆ 'Overemployed' Workers Secretly Juggle Several Jobs for Big Salaries
▼ + stars: | 2023-11-13 | by ( Aki Ito | ) www.businessinsider.com time to read: +21 min

Holding down multiple jobs has long been a backbreaking way for low-wage workers to get by. They freeze their employment histories with Equifax and hibernate their LinkedIn profiles, so employers can't see they're holding multiple jobs. Those with multiple jobs also seek out positions they hope will be OE-friendly — light on meetings, as well as on the workload. There's another incentive: Unlike most Americans, those who work multiple jobs don't have to worry about layoffs. There's something radical that happens to a worker's psychology when they have multiple jobs.

Persons: Bryan Roque, He'd, Roque, I'm, Isaac, Reddit, commiserate, he'd, it's, they're, —, Tyler Le, George, who's, I've, Allison, Cole, he's, Matthew Berman, hasn't, Meta, Tinder, jugglers, Taylor, they'll, normies, Redditor, she'd, she's, Aki Ito Organizations: Amazon, IBM, Meta, Financial Independence, J1, McKinsey & Company, J2 Locations: Meta, Tinder, New York, California, Meta's, tatters

PORTLAND, Ore. (AP) — Federal regulators have approved the expansion of a natural gas pipeline in the Pacific Northwest over the protest of environmental groups and top officials in West Coast states. The Federal Energy Regulatory Commission gave it the green light in a vote on Thursday. The pipeline belongs to TC Energy of Calgary, Canada — the same company behind the now-abandoned Keystone XL crude oil pipeline. The agency’s final environmental assessment revised that number downward by roughly half in calculations contested by environmental groups. In a joint letter to the federal agency the day before its vote, Democratic U.S.

Persons: Senators Ron Wyden, Jeff Merkley, Patty Murray, Maria Cantwell, Washington, ”, Audrey Leonard, Leonard, fracking Organizations: —, Federal Energy Regulatory Commission, TC Energy, Keystone, Federal Energy Regulatory, Democratic U.S, Senators, Columbia Locations: PORTLAND, Pacific Northwest, West Coast, Idaho , Washington and Oregon, Calgary, Canada, Kootenai County , Idaho, Walla Walla County , Washington, Sherman County , Oregon, Idaho, Washington, Oregon, California, Washington , Oregon, California , Oregon

☆ Meta's unique approach to developing AI puzzles Wall Street, but techies love it
▼ + stars: | 2023-10-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +18 min

If the world's leading AI researchers use Llama, Meta could have an easier time hiring skilled technologists who understand the company's approach to development. Spisak helped oversee PyTorch and other open source AI projects when he worked at Meta from 2018 until January 2023. Although a number of open source LLMs are available, Lambert said Llama 2 is by far the most popular. "Facebook was not and that's sort of how they move forward and democratizing this, giving sort of broad access to open source. However, open source doesn't always win, and Padval acknowledged that "in this case, I don't know how it's going to evolve."

Persons: Mark Zuckerberg, Josh Edelson, Mark Zuckerberg's multibillion, Joseph Spisak, that's, Zuckerberg, Meta, Andrew Bosworth, Yann LeCun, isn't, Susan Li, Spisak, Cai GoGwilt, GoGwilt, OpenAI's, Ahmad Al, Dahle, he's, Jim Fan, Arjun Bansal, Jensen Huang, Nathan Lambert, Lambert, Critics, Umesh Padval, " Lambert, Nvidia's, Fan, Meta's, Taka Ariga, Ariga, Claude, Elon Musk, Tesla, Nur Hamdan, OpenAI's GPT, Sam Altman, Guido Appenzeller, Thomvest's Padval, Padval Organizations: Meta, AFP, Getty, Microsoft, Industry, Linux, Microsoft Windows, Facebook, Twitter, Finance, Google, AI Research, FAIR, Apple, Nvidia, Web Services, Thomvest Ventures, TC Cowen, United, United Arab Emirates, U.S, Government, AWS, Bloomberg, Amazon, VMware, Intel, Red Hat Locations: Menlo Park , California, Taiwan, United Arab, Washington, Elon, Hamadan, Seoul, South Korea

☆ Analysis: Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline
▼ + stars: | 2023-10-12 | by ( Nia Williams | ) www.reuters.com time to read: +5 min

Prime Minister Justin Trudeau's Liberal government bought Trans Mountain in 2018 for C$4.5 billion to rescue the expansion project, which has struggled with years of regulatory delay and massive cost overruns. A Reuters survey of five analysts and investors valued Trans Mountain between C$15 billion and C$25 billion, based on factors including projected earnings and oil shipping tolls. Trans Mountain Corp (TMC) CEO Dawn Farrell told local media last week the sale could wrap up by early 2025, just as Canada heads into a federal election. Trans Mountain offers strategic value as it is the only pipeline taking crude from Canada's oil patch to the Pacific, and on to Asian refining markets. "It's hard to imagine...that a pipeline like Trans Mountain would ever be built again," Poscente said.

Persons: Justin Trudeau's, Ryan Bushell, Dawn Farrell, Michael Dunn, Paul Poscente, Poscente, Pembina, Scott Burrows, Enbridge, Marc Weil, Dave Szybunka, Szybunka, Rod Nickel, Steve Scherer, Denny Thomas, Marguerita Choy Organizations: Ottawa, Justin Trudeau's Liberal, Reuters, Newhaven Asset Management, Trans Mountain Corp, Mountain, Cenovus Energy, Nations, Axxcelus, Chinook, Pembina Pipeline Corp, Indigenous Pipeline, TC Energy, Keystone, TC, Canoe Financial, Thomson Locations: Canada, Alberta, Trans, Newhaven, Pembina, U.S, Gulf, Calgary, Winnipeg, Ottawa

The hubs are networks of hydrogen producers and consumers that will use local infrastructure to accelerate the deployment of clean hydrogen. The Mid-Atlantic Clean Hydrogen Hub that involves parts of Pennsylvania, Delaware and New Jersey will receive a $750 million grant, according to the sources familiar with the forthcoming announcement. The Appalachian Regional Clean Hydrogen Hub (ARCH2) that includes western Pennsylvania, Ohio and West Virginia will also receive one of the grants, according to two sources. The 2021 bipartisan infrastructure bill allocated up to $7 billion to launch the initiative, called the Regional Clean Hydrogen Hubs program, which will help fund six to 10 regional clean hydrogen hubs across the U.S. Each of the proposed regional hub projects involve dozens of partners from energy companies, academia and local and state governments.

Persons: Joe Biden's, Biden, Joe Manchin, Valerie Volcovici, Jarrett Renshaw, Nick Zieminski, David Gregorio Our Organizations: Reuters, Department of Energy, Pennsylvania, White House, Democratic, Energy Department, DOE, Dominion, Battelle, TC Energy, Thomson Locations: Pennsylvania, Appalachian, U.S, Delaware, New Jersey, Philadelphia, Ohio, West Virginia, California, Washington

☆ I was making $800K at Meta before quitting. Here's how I significantly increased my compensation and why I left.
▼ + stars: | 2023-10-04 | by ( Rahul Pandey | ) www.businessinsider.com time to read: +10 min

In 2017, I joined Facebook (now known as Meta) as a senior engineer and worked there for almost five years. My compensation at Meta rapidly increased to more than $800,000 a year. AdvertisementAdvertisementComing in as a senior engineer — a level E5 at Facebook — I felt pressure to become independent and start contributing quickly. I thought that asking for help would "out" me as someone who didn't deserve to be a senior engineer. This is a critical part of being a senior engineer and beyond (staff or principal engineer).

Persons: Rahul Pandey, Pandey, —, Pinterest, Taro, Rahul, It'd, Rahul Pandey's, doesn't, stagnate Organizations: Meta, Service, Stanford, Facebook, Cambridge, Big Tech Locations: Silicon Valley, Meta

☆ The Year Lou Reed Gave Up on Music
▼ + stars: | 2023-09-22 | by ( Will Hermes | ) www.nytimes.com time to read: +1 min

Lou Reed strode onto the stage at Max’s Kansas City late on a Sunday night in August 1970. “We’re called the Velvet Underground. Danny Fields, a regular at Andy Warhol’s Factory who would soon discover the Ramones, was there, as he was virtually every night. Like Warhol, she was an obsessive taper, and had recorded a number of Velvets shows that summer. The tape would soon be passed around the underground and would eventually be released as an album — since Reed had decided this would be the last Velvet Underground show.

Persons: Lou Reed strode, “, ”, “ We’re, Sid, Toby Reed, Danny Fields, Andy Warhol’s, Brigid Berlin, Richard E, Brigid Polk, Warhol, Jim Carroll, Reed Organizations: Max’s Kansas City, Hearst Corporation, Sony Locations: Max’s, Long, Berlin

Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada's existing main oil-export route. "They will be competing for barrels that no longer transit through their region," said a Calgary-based oil trader. That has left Canadian oil producers vulnerable to deep price discounts or "blowouts" whenever pipelines become congested or rupture. The start-up of TMX could add a "buck or two" to the cost of a barrel for Midwest refiners, he estimates. So far this year, over 200,000 bpd of Canadian crude has been re-exported from the U.S. Gulf Coast, up from about 73,000 bpd in 2019, Kpler data showed.

Persons: Rory Johnston, Matt Smith, Smith, Stephanie Kelly, Nia Williams, Laura Sanicola, Marguerita Choy Organizations: U.S ., U.S, BP, Citgo Petroleum, Exxon Mobil, Koch Industries, Flint Hills Resources, Canadian, Energy, Administration, TC, Keystone, refiners, Americas, Thomson Locations: CALGARY, Alberta, Coast, U.S, U.S . Midwest, Gulf Coast, Midwest, Flint, Calgary, Canada, Pacific, U.S . West Coast, Asia, Gulf, China, Kpler

The deal is seen as a bet on the future of natural gas in a regulated market even as energy companies and consumers are transitioning to a greener future by phasing out fossil fuels. But some analysts were surprised at the timing, the scale and impact such a deal would have on the company's already leveraged balance sheet. Enbridge struck the deal just over a month after CEO Greg Ebel told analysts the company saw 'tuck-in' acquisition opportunities 'across the board'. By late morning, Enbridge shares were down 5.5% at C$45.50, while the benchmark Canadian share index was off 0.5%. Enbridge is selling new shares at a discount of 7.2% to its Tuesday close to part-fund the transaction.

Persons: Chris Helgren, Moody's, Morningstar, Stephen Ellis, Ellis, Enbridge, Greg Ebel, Wells, Mrinalika Roy, Denny Thomas, Anil D'Silva, Alexandra Hudson Organizations: REUTERS, Enbridge, Dominion Energy, East Ohio Gas, Public Service Co, Management, TC Energy, Alexandra Hudson Our, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, North Carolina, North America, company's, Bengaluru

The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. Analysts, however, were surprised at the timing, the scale and impact such a deal would have on the company's already leveraged balance sheet. "I don't see how you can keep piling more issuance - debt and equity - on this company at these rates. Enbridge shares provisionally closed down 5.9% at C$45.31, while the benchmark Canadian share index was off 0.9%. "While Enbridge paid a reasonable price, high leverage and funding gap could act as overhang," Wells Fargo analysts said in a note.

Persons: Chris Helgren, Ryan Bushell, Enbridge, Greg Ebel, Morningstar, Stephen Ellis, Ellis, Wells, Alan Armstrong, Mrinalika Roy, Nia Williams, Denny Thomas, Anil D'Silva, Alexandra Hudson, Devika, Marguerita Choy Organizations: REUTERS, Dominion Energy, Ohio Gas, Public Service Co, Newhaven Asset Management, Management, TC Energy, Williams Companies, Barclays CEO Energy, Power Conference, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, North Carolina, North America, Newhaven, Enbridge, New York, Bengaluru

REUTERS/Dado Ruvic/IllustrationAug 4 (Reuters) - Canadian pipeline operator Enbridge Inc (ENB.TO) reported higher second-quarter profit on Friday due to increased oil volumes, and said it was not considering splitting its business. "I just don't see (a split) today for a company of our breadth, size and diversity, and frankly low risk diversification." The Mainline earned C$1.45 billion ($1.09 billion) in the quarter, up 19% from last year. The company reaffirmed its 2023 core earnings guidance and posted adjusted earnings of 68 Canadian cents, in line with analysts' average expectations, according to Refinitiv data. Enbridge reported net income of C$1.8 billion, or 91 Canadian cents per share, for the quarter, compared with C$450 million or 22 Canadian cents per share in the same period of last year.

Persons: Dado Ruvic, Greg Ebel, Ebel, Arshreet Singh, Rod Nickel, Sriraj Kalluvila, Jan Harvey Organizations: REUTERS, Enbridge, TC Energy, Thomson Locations: Calgary , Alberta, Toronto, Alberta, Enbridge's, U.S, Bengaluru, Winnipeg

However, the continued strength of copper raw material imports is translating into record domestic refined metal production, a structural shift towards self-sufficiency that is likely to dampen demand for imported units going forwards. China's imports and exports of unwrought refined copperLOWER REFINED COPPER IMPORTSChina imported 1.65 million metric tons of refined copper in the first half of 2023, down by 12% on the first half of last year and the lowest first-half tally since 2019. China's huge copper imports are offset against a smaller outbound flow of metal mostly produced under raw materials tolling contracts. China's monthly imports of copper reyclablesMORE CONCENTRATES AND SCRAPWhile China's refined copper appetite waned in the first half of the year, its imports of mined concentrates continued to accelerate. The continued strength of raw material flows into China, however, suggests any recovery in refined metal shipments may be more muted than expected.

Persons: Chile, Tomasz Janowski Organizations: Democratic, China's CMOC, Shanghai Metal, Reuters, Thomson Locations: China, Russia, Democratic Republic of Congo, Ukraine, Beijing, Europe, United States

Companies TC Energy Corp FollowJuly 28 (Reuters) - Shares of TC Energy (TRP.TO) fell nearly 5% on Friday after the Keystone pipeline operator said it would spin off its liquids business to focus on transporting natural gas. But TD Securities downgraded TC to "hold" from "buy", saying it was skeptical the spinoff would create value. TC CEO Francois Poirier said TC needed to sell another C$3 billion in assets during the next 18 months to reach its 4.75 times debt to EBITDA target. TC had 5.4 times debt to EBITDA last year and is aiming to reduce that to 5 times this year. TC's Keystone pipeline in December spilled more than 14,000 barrels of oil in Kansas.

Persons: Linda Ezergailis, Ryan Bushell, Bushell, Francois Poirier, TC, Brandon Thimer, Poirier, It's, ” Poirier, Stephen Ellis, TC's, Joe Biden, Arshreet Singh, Rod Nickel, Anil D'Silva, Mark Potter Organizations: TC Energy, Keystone, Columbia, Transmission, TC, Securities, Newhaven Asset Management, Investment, National Bank of Canada, Morningstar, Thomson Locations: Toronto, Columbia, Newhaven, United States, Kansas

☆ TC Energy to sell 40% in Columbia gas transmission systems for $4 bln
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

July 24 (Reuters) - Canada's TC Energy (TRP.TO), best known for its Keystone oil pipeline, will divest a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion) to Global Infrastructure Partners (GIP). TC was on course to deliver on its target to divest C$5 billion of assets by the end of the year, CEO François Poirier said in April. Columbia Gas and Columbia Gulf will be held in a new joint venture partnership and TC will remain the operator under the deal, which is expected to close in the fourth quarter. The pipelines span more than 15,000 miles and deliver a substantial portion of daily U.S. natural gas demand, including about 20% of U.S. liquefied natural gas (LNG) export supply, according to TC Energy. ($1 = 1.3180 Canadian dollars)Reporting by Arshreet Singh; Editing by Shounak Dasgupta and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: François Poirier, TotalEnergies, Arshreet Singh, Shounak Dasgupta, Sriraj Organizations: Canada's TC Energy, Keystone, Columbia, Transmission, Global Infrastructure Partners, TC, Columbia Gas, GIP, TC Energy, Thomson Locations: The Calgary , Alberta, British Columbia, U.S, Rio Grande

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