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☆ Analysis: WeWork's troubles darken outlook for embattled office market
▼ + stars: | 2023-11-03 | by ( Sinead Cruise | ) www.reuters.com time to read: +6 min

Backed by Japan's SoftBank, WeWork aimed to revolutionise the office market by taking long leases on large properties and renting the space to multiple smaller businesses on more flexible, shorter arrangements. Some leveraged property investors could struggle to earn enough rental income to service rising debt costs, they said. The number and volume of real estate loans due for refinancing in 2024 is unclear because many deals are struck privately between borrower and lender, Ed Daubeney, co-head, debt and structured finance, EMEA, at real estate services firm Jones Lang LaSalle, told Reuters. U.S. industrial and office real estate investment trusts (REITs) were seen 35.8% more likely to default, versus expectations a year ago. "We're at a massive turning point in the real estate investment market globally," Jose Pellicer, head of real estate strategy at M&G Real Estate, said.

Persons: Kate Munsch, Japan's SoftBank, WeWork, Jeffrey Havsy, Ed Daubeney, Jones Lang LaSalle, Savills, refinancings, What's, MSCI, Jefferies, Jose Pellicer, Sinead Cruise, Elisa Martinuzzi, Mark Potter Organizations: REUTERS, Media, Real Estate, Reuters, Analysts, Europe, Flex, BNP, G, Thomson Locations: San Francisco , California, U.S, York, New York, London, United States, Europe, Britain, Germany, California

☆ WeWork's troubles darken outlook for embattled office market
▼ + stars: | 2023-11-03 | by ( Sinead Cruise | ) www.reuters.com time to read: +6 min

NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts, "well below expectations," JP Morgan said in a note to clients. The French lender said it now saw NII of its French retail, private banking and insurance division falling by more than 20% in 2023. The French retail division's earnings also suffered from hedging contracts against the risks of low interest rates. SocGen's shares had edged up 0.6% by 0924 GMT. The bank has also finalised the merger of its two French retail networks.

Persons: Gonzalo Fuentes, JP Morgan, SocGen, Slawomir Krupa, Jefferies, Krupa, ALD, Mathieu Rosemain, Silvia Aloisi, Ingrid Melander, Emelia Organizations: Societe Generale, La Defense, REUTERS, European Central Bank, BNP, Deutsche Bank, Barclays, Thomson Locations: La, Paris, France

☆ SocGen Q3 earnings beat estimates as investment bank offsets French slump
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: +3 min

Societe Generale , France's third-biggest listed bank, posted better-than-expected quarterly earnings onFriday, as a resilient performance from its investment bank offset the steep downturn seen at its French retail division. SocGen's third-quarter reported group net income came in at 295 million euros ($313.2 million), above the 168 million-euro average of 13 analyst estimates compiled by the company. The bank has also finalised the merger of its two French retail networks. NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts. In this context, the 0.4% drop in sales seen at SocGen's investment bank, compares well with some of its European peers.

Persons: Slawomir Krupa Organizations: Generale, BNP, Deutsche Bank, Barclays

REUTERS/Mohammad... Acquire Licensing Rights Read moreDHAKA, Nov 1 (Reuters) - Bangladesh's main opposition party will boycott the next general election if Prime Minister Sheikh Hasina does not make way for a neutral government to conduct the poll, two party leaders said, amid a crackdown on opposition politicians and deadly protests. "The intensified crackdown on opposition party leaders and protesters over the weekend signals an attempt at a complete clamp-down on dissent," said Yasasmin Kaviratne, Amnesty's regional campaigner for South Asia. Hasina's main rival and two-time premier, BNP leader Khaleda Zia, is effectively under house arrest for what her party calls trumped-up corruption charges. Shakil Ahmed, an assistant professor at Jahangirnagar University in Dhaka, said street violence had become "regular in Bangladesh during the transfer of power". Reporting by Krishna N. Das in New Delhi and Ruma Paul in Dhaka; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheikh Hasina, Hasina, Abdul Moyeen Khan, Zahir Uddin Swapon, Yasasmin Kaviratne, Khaleda Zia, BNP's, Tarique Rahman, Shakil Ahmed, Krishna N, Ruma Paul, Raju Gopalakrishnan Organizations: Bangladesh Nationalist Party, BNP, REUTERS, Reuters, Amnesty, Police, Jahangirnagar University, Das, Thomson Locations: Dhaka, Bangladesh, Mohammad, DHAKA, United States, Canada, India, South Asia, New Delhi

☆ Gold softens on caution ahead of Fed's policy decision
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: +2 min

Spot gold fell 0.2% to $1,978.36 per ounce by 0351 GMT on Wednesday, while U.S. gold futures dropped 0.4% to $1,987.00. Spot gold posted a 7.3% jump in October, with prices hitting an over five-month high of $2,009.29 last week. Markets now await the outcome of the Fed's monetary policy meeting concluding later in the day, followed by the U.S. monthly jobs report on Friday. "Although no change in the interest rates is expected, the focus will be on the Fed's assessment of the U.S. economy and clues to the monetary policy going forward," said Praveen Singh, associate vice president at BNP Paribas' Sharekhan. Spot silver dropped 1% to $22.662 per ounce, platinum slipped 0.6% to $927.77, while palladium rose 0.5% to $1,120.91.

Persons: Alexander Manzyuk Gold, Christopher Wong, Praveen Singh Organizations: REUTERS, U.S, BNP Locations: Siberian, Krasnoyarsk, Russia, U.S . Federal, Gaza, U.S, China

☆ Two killed in anti-government protest in Bangladesh
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

The main opposition Bangladesh Nationalist Party (BNP) called for the blockade of roads for three days in response to clashes between party supporters and police on Sunday in which one policeman was killed and more than 100 people were injured. The party has been calling on Prime Minister Sheikh Hasina to resign to allow elections scheduled for January to be held under a neutral caretaker government. A police official in the central district of Kishoreganj, where the clashes took place, said two protesters were killed and dozens of people, including 15 policemen, were injured. “Clashes erupted when they attacked us," said the police official, who declined to be identified, adding it was not clear how the two were killed. Accusations of vote-rigging and the suppression of the opposition, denied by the government, marred elections in 2014 and 2018.

Persons: Sheikh Hasina, “, General Ruhul Kabir Rizvi, Hasina, Ruma Paul, Robert Birsel Organizations: Bangladesh Nationalist Party, BNP, United, Thomson Locations: Dhaka, Bangladesh, DHAKA, Kishoreganj, United States

☆ Analysis: Three years after DirectBooks, US bond market still phoning it in
▼ + stars: | 2023-10-30 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +6 min

There is also some concern about job losses and loss of market access by smaller banks. Changing an organization's behavior is difficult and takes sustained effort, said DirectBooks CEO Rich Kerschner. Interest in automation grew as desks struggled with corporate bond volumes that touched a record $1.78 trillion in 2020. Three years into it, only a small proportion of orders and allocation messages for a new bond were going through DirectBooks. Once in place, hundreds of investors using OMS platforms could send their order messages and receive allocation messages through DirectBooks, said Kerschner.

Persons: Carlo Allegri, Rich Kerschner, Spencer Lee, salespeople, Daniel Botoff, Goldman Sachs, Morgan Stanley, DirectBooks, Chris Sztam, BlackRock's Aladdin, RBC's Botoff, Shankar Ramakrishnan, Anna Driver Organizations: New York Stock, REUTERS, Bloomberg, underwriters, RBC Capital Markets, Bank of America, Barclays, BNP, Citi, Deutsche Bank, JPMorgan, P Global Market Intelligence, Development, Thomson Locations: Manhattan, New York City , New York, U.S, Wells, DirectBooks, Charles

☆ Opposition activists held over policeman's death in Bangladesh protest
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Unidentified miscreants set a public bus on fire during a countrywide strike from dawn to dusk called by the Bangladesh Nationalist Party (BNP), protesting against the alleged police attacks on their Saturday rally in Dhaka, Bangladesh, October 29, 2023. REUTERS/Mohammad Ponir Hossain Acquire Licensing RightsDHAKA, Oct 29 (Reuters) - Bangladesh police said on Sunday they arrested two opposition activists over the death of a policeman in violent protests demanding the resignation of Prime Minister Sheikh Hasina. The officer was beaten and bludgeoned to death on Saturday by a mob, photos and videos showed, as tens of thousands joined demonstrations in the capital Dhaka, led by the main opposition Bangladesh Nationalist Party (BNP). A police source said one of the two arrested was a BNP youth leader while the other's affiliation was unconfirmed. The BNP did not comment on the officer's death but called on supporters to block streets for three days from Tuesday in protest at the detentions.

Persons: Mohammad Ponir Hossain, Sheikh Hasina, bludgeoned, Mirza Alamgir, Habibur Rahman, Asaduzzaman Khan, Mizanur Rahman, Critics, Hasina, Ruma Paul, Andrew Cawthorne Organizations: Bangladesh Nationalist Party, BNP, REUTERS, Rights, Sunday, Thomson Locations: Dhaka, Bangladesh, Rights DHAKA

☆ Opposition Activists Held Over Policeman's Death in Bangladesh Protest
▼ + stars: | 2023-10-29 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

DHAKA (Reuters) - Bangladesh police said on Sunday they arrested two opposition activists over the death of a policeman in violent protests demanding the resignation of Prime Minister Sheikh Hasina. The officer was beaten and bludgeoned to death on Saturday by a mob, photos and videos showed, as tens of thousands joined demonstrations in the capital Dhaka, led by the main opposition Bangladesh Nationalist Party (BNP). "We'll ensure toughest punishment for those who were involved in the killing," Dhaka metropolitan police commissioner Habibur Rahman told reporters. A police source said one of the two arrested was a BNP youth leader while the other's affiliation was unconfirmed. The BNP did not comment on the officer's death but called on supporters to block streets for three days from Tuesday in protest at the detentions.

Persons: Sheikh Hasina, bludgeoned, Mirza Alamgir, Habibur Rahman, Asaduzzaman Khan, Mizanur Rahman, Critics, Hasina, Ruma Paul, Andrew Cawthorne Organizations: Sunday, Bangladesh Nationalist Party, BNP Locations: DHAKA, Bangladesh, Dhaka

☆ Bangladesh opposition protest turns violent amid calls for PM to resign
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +3 min

[1/5] Supporters of Bangladesh Nationalist Party (BNP) wave party flag during a rally at Naya Paltan area in Dhaka, Bangladesh, October 28, 2023. Police fired tear gas and rubber bullets as clashes erupted when tens of thousands of supporters of the opposition Bangladesh Nationalist Party (BNP) gathered in the capital Dhaka, chanting slogans against the government. Dhaka Metropolitan Police spokesman Faruq Hossain told reporters one officer had been killed and 41 others were injured in clashes with protesters. Hundreds of opposition party activists have been arrested, BNP leaders said. "I came to protest the enforced disappearances, murders, and oppression that we have suffered for the past 15 years.

Persons: Mohammad Ponir Hossain, Sheikh Hasina, Faruq Hossain, Hasina, Abdul Moyeen Khan, Arif Khan, jailing, Washington, Ruma Paul, Mike Harrison Organizations: Bangladesh Nationalist Party, BNP, REUTERS, Rights, Police, Dhaka Metropolitan Police, Security, Reuters, Thomson Locations: Naya Paltan, Dhaka, Bangladesh, Rights DHAKA

☆ BNP Paribas is no longer funding coal projects, says regional head
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBNP Paribas is no longer funding coal projects, says regional headJoris Dierckx, regional head for Southeast Asia at BNP Paribas, says it's now investing in sources of energy that are less carbon-intensive.

Persons: Joris Dierckx, it's Organizations: BNP, Southeast Asia Locations: Southeast

☆ Analysis: Yen comeback may be a longer waiting game
▼ + stars: | 2023-10-27 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

One result is an uneasy calm in spot and options markets for dollar/yen as traders give up waiting for the yen to bounce. Driven weaker by the widening gap between U.S. and Japanese interest rates, the yen has lost 13% on the dollar this year and at 150 is near the three-decade low of 151.94 that prompted government intervention a year ago. Market participants say what's changed is the expectation that Japan would be in the driver's seat for the yen this year. Yet together with the risk of intervention, it only seems to have stopped the yen from falling, rather than driving the sort of rally investors had been girding for at the outset of 2023. To be sure, Sachdev said interest in 'carry trades' - borrowing yen to sell for higher-interest paying currencies is waning, while investors have been keen for long exposure to yen assets.

Persons: Kim Kyung, Patrick Law, Masafumi Yamamoto, Yen, Shafali Sachdev, Sachdev, Tom Westbrook, Jacqueline Wong Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Federal, Pacific FX, Bank of America, Bank of International Settlements, Bank of, Mizuho Securities, U.S ., Swiss, Reuters, BNP, Wealth Management, Citi, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Hong Kong, U.S

☆ Ukraine Hangover Makes European Banks Look Rougher than They Are
▼ + stars: | 2023-10-26 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Shares in BNP Paribas fell even though the French bank beat third-quarter earnings expectations. PHOTO: Nathan Laine/Bloomberg NewsEuropean investment banks don’t tend to fare well when compared with their more profitable U.S. peers. But the war in Ukraine makes some comparisons unfair. Investors have been disappointed with the third-quarter results published by top European banks so far, with the stocks collectively down more than 3% this week. This is despite the fact that most of the companies have actually beaten analysts’ profit forecasts by a decent margin.

Persons: Nathan Laine Organizations: BNP, Bloomberg News, Investors Locations: Ukraine

[1/3] The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The broader European banking index (.SX7P) fell as much as 2.4% to its lowest in four months by 1017 GMT. Top fallers on the index were Standard Chartered, down 9%, Swedbank (SWEDa.ST), down 7% and BNP Paribas (BNPP.PA), down around 4%. Concerns about China's economic fragility are also hitting some European banks with major operations in Asia. Sabadell (SABE.MC) rose around 3.7% after raising its outlook for 2023 net interest income growth on the back of higher interest rates.

Persons: Peter Nicholls, Chris Hiorns, Banks, Hiorns, Angelo Meda, Meda, Iain Withers, Naomi Rovnick, Joice Alves, Jesus Aguado, Danilo Masoni, Amanda Cooper, John Stonestreet, Toby Chopra Organizations: Chartered, REUTERS, BNP, European Central Bank, Traders, SIM, Sabadell, Thomson Locations: London, Britain, LONDON, Milan, Asia, Madrid

☆ Morning Bid: Haunted by 5% ahead of ECB, GDP and Amazon
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. With Amazon due to report later, there was no respite for the so-called 'Magnificent Seven' Wall St behemoths or the wider market ahead of Thursday's open. The bond market seemed unimpressed even as the U.S. House of Representatives ended a three week hiatus by electing Republican Mike Johnson, a conservative with little leadership experience, as speaker. European stocks (.STOXXE) and the euro dropped sharply, meantime, as regional banking shares were hit ahead of the European Central Bank's policy decision later in the day. Key developments that should provide more direction to U.S. markets later on Thursday:* European Central Bank policy decision and press conference.

Persons: Brendan McDermid, Mike Dolan, Israel, Republican Mike Johnson, Johnson, Joe Biden's, AO, Bunge, Northrop, Wang Yi, Antony Blinken, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Google, Big Tech, Nasdaq, Semiconductor, SOX, Bank of Japan, U.S . House, Republican, United Auto Workers, Ford, European, ECB, Chartered, BNP, Central Bank, Turkish Central Bank, Fed, Intel, UPS, Honeywell, Merck, Comcast, Mastercard, Capital, Energy, Mohawk, Eastman Chemical, Camden Property, AO Smith, Hasbro, Myers Squibb, Boston Scientific, Hershey, Northrop Grumman, Treasury, Foreign, U.S, Brussels Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Wall, Israel, Gaza, Philadelphia, Bank, Ukraine, China, Kansas, Bristol, Washington, Brussels

☆ U.S. Economic Growth Accelerated in the Third Quarter
▼ + stars: | 2023-10-26 | by ( Lydia Depillis | More About Lydia Depillis | ) www.nytimes.com time to read: +1 min

And with layoffs still near record lows, workers have little reason to hold off on making purchases, even if it means using a credit card — an increasingly pricey option as interest rates drift higher. One beneficiary of those open pocketbooks is Amanda McClements, who owns a home goods store in Washington, D.C., called Salt & Sundry. Sales are up about 15 percent from last year and have finally eclipsed 2019 levels. “People can’t get enough candles; that continues to be our top seller,” Ms. McClements said. “We’ve been experiencing a really uneven recovery,” she said.

Persons: “ There’s, ”, Yelena Shulyatyeva, Amanda McClements, can’t, Ms, McClements, hadn’t, “ We’ve Organizations: BNP, “, Washington , D.C Locations: Washington ,

☆ US third-quarter economic growth seen fastest in nearly 2 years
▼ + stars: | 2023-10-26 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

While the anticipated robust growth pace notched last quarter is probably not sustainable, it would demonstrate the economy's resilience despite aggressive interest rate hikes from the Federal Reserve. According to a Reuters survey of economists, GDP likely increased at a 4.3% annualized rate last quarter, which would be the fastest since the fourth quarter of 2021. Others are not too concerned, noting the labor market continues to churn out jobs at a solid clip. Growth last quarter was also seen lifted by a smaller trade deficit, thanks to strong exports and increased inventory investment. But the labor dispute, which is costing auto makers millions of dollars per week, could weigh on growth in the fourth quarter.

Persons: Andrew Kelly, Joe Biden's, Sal Guatieri, Luke Tilley, it's, Yelena Shulyatyeva, Brian Bethune, Lucia Mutikani, David Gregorio Our Organizations: REUTERS, Business, WASHINGTON, Federal Reserve, United Auto Workers, BMO Capital Markets, Consumer, Wilmington Trust, Labor, Labor Department, U.S, Treasury, Financial, Group's, BNP, Boston College, Thomson Locations: Brooklyn , New York City, U.S, Toronto, American, Wilmington, Philadelphia, New York

☆ BNP Paribas posts in-line Q3 profits as trading declines
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: +2 min

BNP Paribas , the euro zone's biggest bank, posted in-line quarterly results on Thursday, as a jump in corporate financing services offset the continued retreat in trading revenue. Group sales over the three-month period ending in September rose by 4% to 11.58 billion euros, slightly above the 11.52 billion-euro consensus. Germany's Deutsche Bank reported a 12% drop in such revenue for the period, while Britain's Barclays reported a 13% decrease. BNP set aside 734 million euros for credit losses, below the 815 million euros expected by analysts. It also completed more than 85% of its 5 billion-euro share buyback program in 2023, equivalent to about 7% of its market capitalisation.

Persons: Jean, Laurent Bonnafe Organizations: BNP, French, Deutsche Bank, Barclays, Bank of Locations: U.S, Ukraine, Bank

☆ BNP says tough economy could spur opportunities for bolt-on deals
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 26 (Reuters) - Slower economic growth in 2024 could create more opportunities for bolt-on acquisitions, BNP Paribas (BNPP.PA) Chief Financial Officer Lars Machenil said on Thursday. "If the (economic) growth is a bit more timid, which is probably what we're going to see next year, then that fuelling of additional growth - natural, organic - will be a tad slower," Machenil said. Machenil didn't elaborate on the nature of the potential bolt-on acquisitions. "Depending on how the next year will unfold, yes (there) might (be a) shift a bit towards bolting on," he said. Reporting by Mathieu Rosemain Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Machenil, Machenil, Mathieu Rosemain, Mark Potter Organizations: BNP, Deutsche, ABN Amro, Bank of, Thomson Locations: Bank

☆ European stocks open lower as earnings roll in; Standard Chartered plunges 10%; ECB set to hold rates
▼ + stars: | 2023-10-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Auto stocks plunged 3.45% as results disappointed, while travel stocks traded 1.7% lower. European stock markets opened sharply lower Thursday as attention remains on third-quarter earnings and government bond yields. Results are out from a slew of companies including Standard Chartered, BNP Paribas, TotalEnergies, Volvo Cars, Novozymes, Volkswagen, Carrefour, Saab and Wacker Chemie. Meanwhile, monetary policy decisions are due from the European Central Bank — for which markets have priced in a more than 98% likelihood of a hold in interest rates — and the central bank of Turkey, from which economists polled by Reuters anticipate a 500 basis point hike to 35%. The benchmark 10-year Japanese government bond yield hit a fresh 10-year high ahead of a central bank meeting next week, according to Reuters data.

Organizations: Chartered, Standard Chartered, BNP, TotalEnergies, Volvo, Volkswagen, Carrefour, Saab, Wacker Chemie, Investors, Facebook, Meta, European Central Bank —, Reuters, Treasury Locations: London, Turkey, Asia, Pacific

☆ European growth will remain stable, BNP Paribas CFO says
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEuropean growth will remain stable, BNP Paribas CFO saysBNP Paribas CFO Lars Machenil says the bank is prepared to support customers as it releases third-quarter earnings.

Persons: Lars Machenil Organizations: BNP

After 525 basis points of interest rate hikes, financial conditions are now the tightest in a year, and biting. JPMorgan strategists estimate that the impact on GDP from tightening financial conditions takes anywhere from one to two years to be felt. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsThe renewed weakness of U.S. regional bank shares is one of them. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsBNP Paribas analysts reckon the impact on GDP growth from tighter financial conditions recently equates to a 40 basis point rate hike. Around a third of the bank's financial conditions index rise since April is from higher bond yields.

Persons: Brendan McDermid, Goldman Sachs, Torsten Slok, Morgan Stanley, Jerome Powell, Jamie McGeever, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Rights, Fed, Treasury, Wall, JPMorgan, National Federation of Independent, Reuters, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, October's

Speculation that Chevron and Exxon might try to buy rivals BP (BP.L) and Shell (SHEL.L) intensified over the last two years as the European majors underperformed their U.S. rivals. Investors punished the European companies for their pivot towards renewables and low carbon energy while rewarding the U.S. companies' focus on oil and gas production that drove record profits last year. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell, BP and France's TotalEnergies merged with rivals to create huge integrated companies. A senior industry source close to the issue, as well as analysts and investors dismissed any imminent U.S. purchase of European rivals. Some European investors have also campaigned for energy companies to shift their business models to help tackle climate change.

Persons: Hess, Dado Ruvic, Tyler Tebbs, Bernard Looney, Lucas Herrmann, Shell's, Exxon's, Ron Bousso, Simon Webb, Barbara Lewis Organizations: REUTERS, Chevron, Hess, LONDON, Exxon Mobil, Exxon, BP, Shell, Investors, France's, Natural Resources, MKP Advisors, BNP, Reuters, European, Thomson Locations: Ukraine, Chevron, U.S

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