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The deal, announced last month, would open more than 12,000 Tesla Superchargers to drivers of Ford vehicles in North America starting in 2024. SS&C has invested in such charging companies as ChargePoint Holdings Inc (CHPT.N), EVgo Inc (EVGO.O) and Blink Charging Co (BLNK.O). The Ford deal was a boost to Tesla's more widespread, reliable North American Charging Standard (NACS) and dented the value of smaller players offering the rival Combined Charging System (CCS). Complaints about other charging companies' software bugs or broken charging hardware only opens the door to greater access for Tesla's standard, however, industry officials said. Under its new deal, Ford will distribute Tesla adapters to customers and starting in 2025 will equip future EVs with NACS.

Persons: Joe Biden, Paul Baiocchi, Ford, Elon Musk, Tesla's, Biden, Pete Buttigieg, Tesla, Lazard, Mohit Kohli, Chris Harto, Arcady Sosinov, Chris Anthony, Sosinov, Abhirup Roy, Hyunjoo Jin, David Shepardson, Jarrett Renshaw, Ben Klayman, Matthew Lewis Organizations: FRANCISCO, Ford, North America, U.S, SS, C ALPS Advisors, ChargePoint Holdings, EVgo Inc, CNBC, CCS, EVs, Volta, Volkswagen AG, General Motors Co, BMW, Consumer, Aptera, Thomson Locations: U.S, North, Europe, San Francisco, Washington

☆ Family of girl who died in US Border Patrol custody denied ambulance, investigation finds
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

June 1 (Reuters) - An investigation into the death of an 8-year-old Panamanian girl while in custody of the U.S. Border Patrol in Harlingen, Texas, showed that the family was repeatedly denied an ambulance, the U.S. Customs and Border Protection (CBP) said on Thursday. The child died on May 17 after experiencing a medical emergency at the agency's station in Harlingen, three days after being transferred from the Donna Processing Facility, near the border in Donna, Texas, for medical isolation. The family had been held by CBP for nine days despite agency policy limiting custody to 72 hours. Neither Border Patrol agents nor the contracted medical personnel who interacted with the family in Harlingen acknowledged being aware of the girl's medical conditions, which included sickle cell anemia and congenital heart disease, CBP said. In addition, CBP said, surveillance cameras at the Harlingen station had not been working while the family was in custody, forcing them to rely on staff interviews.

Persons: Troy Miller, Sarah Morland, Ted Hesson, Leslie Adler Organizations: U.S . Border Patrol, U.S . Customs, Border Protection, Donna Processing, U.S . Department of Homeland Security, DHS, Border Patrol, Donna, CBP, CBP's, Thomson Locations: Harlingen , Texas, U.S, Harlingen, Donna , Texas, Mexico City, Washington

☆ These are the 7 most hated brands in America—Elon Musk's Twitter is No. 4
▼ + stars: | 2023-06-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Twitter, Meta and TikTok are three of the world's biggest social media giants. Meta and Twitter both scored poorly in the "culture" and "ethics" categories. Here are the seven brands with the worst reputations in America, according to the poll:The Trump Organization FTX Fox Corporation Twitter Meta Spirit Airlines TikTokAmericans named the Trump Organization as the company with the worst public perception in the country. The Trump Organization, TikTok and Spirit Airlines held their spots from last year's rankings. Meta and Twitter became slightly more reputable, by one spot each, and Fox Corporation went from fifth-worst to third-worst.

Persons: They're, Axios Harris, Elon Musk, TikTok, Donald Trump, FTX, Sam Bankman, Fried, Bitcoin, FTX's, Kelly Evans Organizations: Twitter, Meta, Fidelity, Elon, Trump Organization FTX Fox Corporation Twitter, Airlines TikTok, Trump Organization, CNBC, . Fox Corporation, Voting Systems, BP, Company, The Trump Organization, Spirit Airlines, Fox Corporation Locations: U.S, America, BP's Gulf, Mexico, Nos

☆ ‘Go to hell, Shell’: Climate protesters try to storm stage at oil giant’s annual shareholders meeting
▼ + stars: | 2023-05-23 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

The protests come as Shell faces a shareholder vote on a measure to increase its climate ambitions following a year of record profits at the company. Bloomberg | Bloomberg | Getty ImagesLONDON — Shell Chief Executive Wael Sawan and the firm's board of directors on Tuesday were shielded by security staff as climate protesters unsuccessfully tried to storm the stage at the British oil giant's annual shareholders meeting. Follow This, a small Dutch activist investor and campaign group with stakes in several Big Oil companies, tabled a resolution at Shell's shareholders meeting. For the first time, Dutch pension managers MN and PGGM — both Shell shareholders — have endorsed the resolution. The company described Climate Resolution 26 as "unclear, generic and would create confusion as to Board and shareholder accountabilities."

LONDON, May 18 (Reuters) - Shell (SHEL.L) will likely face one of its most acrimonious annual meetings next week as it struggles to balance investor pressure to capture profits from oil and gas and a vocal minority saying it must move faster to tackle climate change. Big Oil firms posted record profits last year amid soaring energy prices following Russia's invasion of Ukraine. That resolution echoes a ruling by a Dutch court telling Shell to adjust its climate targets, which Shell has appealed. It also said it was pleased that proxy advisers ISS and Glass Lewis had recommended votes against the Follow This resolution. The measures, however, did not prevent climate activist participants from heckling and disrupting proceedings before being escorted out, some carried by security staff.

While paying bonuses at bailed-out energy groups raises questions around the use of taxpayers' money, it also highlights the need for the companies to remain competitive. One of the sources said 200 of Sefe's traders in London had received hundreds of millions of dollars in bonuses, adding mid-level traders had received $5 million-$7 million each. Two of the other people said that generous subsidies had been paid at both Sefe and Uniper. Uniper confirmed that bonuses were paid to trading staff for 2022 but below the level of the previous year. The Finance Ministry, which is responsible for the government's ownership of Uniper, also referred questions on operating issues including staff remuneration to the company.

☆ Stocks ease; Aussie dollar soars after surprise hike
▼ + stars: | 2023-05-02 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

"No one is going to want to do too much before we get to that FOMC decision. "One of the things that sticks out to me is that they're still saying they might need to increase interest rates," said Commonwealth Bank of Australia strategist Joe Capurso. "So as well as the increase today, that's supporting the Aussie dollar," he said. The U.S. dollar was steady against a basket of major currencies , while the euro eased 0.1% to $1.097. But markets are still anxious about what may be the next crisis, even if the initial response has been positive.

First-quarter underlying replacement cost profit, the company's definition of net income, reached $4.96 billion, up from $4.8 billion in the fourth quarter of 2022 and above expectations of $4.3 billion in a company-provided survey of analysts. The profit reflects "an exceptional gas marketing and trading result, a lower level of refinery turnaround activity and a very strong oil trading result", BP said, noting the partial offset from lower oil and gas prices and refining margins. BP had reported a $6.25 billion profit in the first quarter of 2022. Benchmark Brent crude oil prices averaged $81 per barrel in the first three months of the year, down 16% from a year earlier and 7% from the fourth-quarter. BP's profit hit a record $28 billion in 2022 on soaring energy prices and market volatility which benefited its large trading business.

SummarySummary Companies Profit lifted by strong tradingBP to purchase $1.75 bln of sharesLONDON, May 2 (Reuters) - BP (BP.L) made a $5 billion profit in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading as the company pared back a share buyback programme. The profit reflects "an exceptional gas marketing and trading result, a lower level of refinery turnaround activity and a very strong oil trading result", BP said, noting the partial offset from lower oil and gas prices and refining margins. Benchmark Brent crude oil prices averaged $81 per barrel in the first three months of the year, down 16% from a year earlier and 7% from the fourth-quarter. BP's profit hit a record $28 billion in 2022 on soaring energy prices and market volatility which benefited its large trading business. The company had said in February it would repurchase $2.75 billion worth of shares over the next three months after buying $11.7 billion in 2022.

☆ Morning Bid: Volatile news, not markets
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +5 min

While the Federal Reserve is almost certain to raise interest rates again on Wednesday, the move could be its last. So in a holiday-strewn month around the world, the VIX (.VIX) - Wall St's so-called 'fear gauge' of the implied stock market volatility for the month ahead - hit its lowest level on Monday since November 2021. Even though it ticked back up a bit above 16 overnight, it remains three full points below its 33-year historical average. For macro markets, the Fed decision is complicated by the debt ceiling and banking backdrop. March job openings numbers later on Tuesday will give an indication of just how tight the labor market remains.

☆ Oil major BP reports drop in first-quarter profit on weaker commodity prices
▼ + stars: | 2023-05-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The British energy giant posted underlying replacement cost profit, used as a proxy for net profit, of $4.96 billion for the first quarter. Analysts had expected BP to report first-quarter profit of $4.3 billion, according to Refinitiv. The group said it completed its previously announced $2.75 billion share buyback on April 28. BP's dividend remained unchanged from the previous quarter at 6.61 cents per ordinary share, following a 10% increase in February. The company reported first-quarter net debt of $21.2 billion, down from $27.5 billion when compared to the same period a year earlier.

☆ BP agrees to buy Shell's stake in Australian Browse gas project
▼ + stars: | 2023-04-29 | by ( Samuel Mckeith | ) www.reuters.com time to read: +2 min

Woodside, BP and Shell are also all stakeholders in the North West Shelf LNG plant. "BP believes development of the Browse gas resources could make a significant contribution to energy security in Australia and to the Asia Pacific region," a BP spokesperson said. The company said it supported the concept of using carbon capture for the project and processing Browse gas in the North West Shelf LNG plant. Credit Suisse analyst Saul Kavonic said it was likely "very modest" given "the risks and ongoing spend required at the Browse project". Woodside last week played down concerns over the status of Browse project and told Reuters talks had resumed with the North West Shelf LNG joint venture about a processing deal for Browse.

☆ Border patrol seized $290,000 worth of counterfeit Apple AirPods Pro and Watches at Virginia airport
▼ + stars: | 2023-04-27 | by ( Will Gendron | ) www.businessinsider.com time to read: +2 min

US Customs and Border Patrol officers detained four shipments of Apple products suspected to be fake. The products, Apple AirPods Pro and Apple Watches which came from China, were seized. Handbags and wallets were the most common items seized, accounting for 30.3% of all seizures, the agency reported. Counterfeit Apple products are nothing new. In 2020, Apple removed more than one million online listings for counterfeit products, with most of these sellers based in China.

☆ Oil major BP braces itself for shareholder revolt after scaling back its climate targets
▼ + stars: | 2023-04-27 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Dutch group Follow This, a small activist investor and campaign group with stakes in several Big Oil companies, has tabled a resolution at BP's shareholder meeting. It calls on the energy giant to align its climate targets with the landmark Paris climate accord and commit to absolute carbon emissions cuts by 2030. Those emissions cuts, Follow This says, should include emissions generated by customers' use of their oil and gas, known as Scope 3 emissions. Follow This says it expects BP's annual general meeting to be a "contentious" one, warning investors will be "rightfully concerned" about BP dialing back its climate strategy amid an ever-worsening climate crisis. Proxy advisors ISS and Glass Lewis have recommended that shareholders of BP vote against the resolution tabled by Follow This.

Companies Bp Plc FollowOSLO, April 22 (Reuters) - Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution calling on British oil major BP (BP.L) to adopt tougher greenhouse gas targets. The Norwegian fund, itself built on oil and gas revenue, owned 2.73% of BP's shares worth some $2.8 billion at the end of 2022. BP's board has recommended that shareholders vote against the resolution saying it was "unclear" what it wanted the company to do. Investor advisers ISS and Glass Lewis also recommended BP shareholders oppose the resolution, while Britain's Local Authority Pension Fund Forum (LAPFF) asked investors to back it. In February BP rowed back on plans to slash its 2019 oil and gas output levels by 40% by 2030, and now it envisages a 25% cut, angering climate activists.

[1/2] A man charges an electric vehicle (EV) at the charging hub of Indian ride-hailing BluSmart Electric Mobility in Gurugram, India, December 9, 2022. SCALING UPIndia's ride-hailing market is currently worth $13.4 billion - a tenth of China's - and penetration is just 7%, according to Statista, making the country of 1.4 billion a lucrative opportunity. BluSmart, which operates in just two cities with 5,000 vehicles, says it commands 9% market share of Delhi's ride-hailing market. In February, Uber's India chief Singh dismissed concerns about BluSmart, saying Uber still offered more diverse ride options, including scooters and autorickshaws. "In a way it (BluSmart) has forced Uber to reimagine how it wants to play in India," WEF's Khurana said.

Inside these boxes: Approximately $20 million worth of detained solar panels by U.S. Customs & Border Protection over suspected ties to forced labor. Shipments coming directly from China represented about $80 million worth of goods, while Malaysia accounted for $461 million and Vietnam accounted for $370 million. "UFLPA allows us to presume [goods] were produced with forced labor, and therefore they'd be excluded from the United States," said Fox. "The cotton commodity coming out of the Xinjiang region has typically been tied to forced labor," Fox told CNBC. The companies then had 30 days to come back to CBP and prove that the items were produced without forced labor.

☆ Ubben’s Inclusive sees opportunity to boost value at Dutch chemical maker and help the environment
▼ + stars: | 2023-04-08 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

It operates through the following segments: Methanol U.S., Methanol Europe, Nitrogen U.S., Nitrogen Europe and Fertiglobe. It will be a state-of-the-art facility at the forefront of blue ammonia production and is expected to come online in 2025 and produce 1.1 million tons of blue ammonia annually. This facility will combine nitrogen with blue hydrogen to create blue ammonia. It is considered "blue" ammonia because the carbon emissions produced from the hydrogen production process are captured and stored. Second, this blue ammonia will be sold through an ammonia terminal at the port of Rotterdam that OCI owns and operates.

☆ Acting CEO of Poland's biggest bank PKO BP resigns
▼ + stars: | 2023-04-06 | by ( Patrycja Zaras | ) www.reuters.com time to read: +1 min

April 6 (Reuters) - Poland's biggest bank PKO BP's (PKO.WA) acting Chief Executive Pawel Gruza will step down from his role on April 12, the bank said on Thursday. Gruza had been awaiting approval from the country's regulator (KNF) to take over the CEO role ever since he was appointed acting CEO on Aug. 9. The gave no reason on Thursday for his decision to step down as acting CEO. The move marks the fourth departure at the top of PKO BP since May 2021, when Zbigniew Jagiello surprised the market by resigning as chief executive after 12 years at the helm. Since his departure, PKO BP has already had three CEOS: Jan Emeryk Rosciszewski, followed by Iwona Duda and then acting chief Gruza.

LONDON, April 3 (Reuters) - BP (BP.L) shareholders should vote against its annual report and remuneration policy and support the "Follow This" climate activist resolution at BP's shareholders' meeting, Britain's Local Authority Pension Fund Forum (LAPFF) has recommended in a report seen by Reuters. In February BP rowed back on plans to slash oil and gas output and emissions and will not offer shareholders a vote on its climate strategy as it did last year when they backed it. LAPFF in a report to its members said it was "disappointed with the slackening of 2030 aims for emissions reduction". "LAPFF is further disappointed that there is not a company resolution on transition planning this year, especially given the material changes since the last one." They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

March 16 (Reuters) - BP (BP.L) violated U.S. process safety rules and did not train workers properly at its Toledo, Ohio refinery in September, contributing to the death of two workers at the plant last year, U.S. federal investigators said Thursday. The two refinery workers died from their burns following an explosion in September 2022. Investigators said BP Products North America failed to properly train operators to identify the presence of naphtha, a flammable liquid hydrocarbon mixture, during an upset. BP Products North America is a Houston based subsidiary of BP and operated the 150,800 barrel-per-day Toledo, Ohio, refinery at the time of the explosion. BP Products North America has 15 business days to comply, request an informal conference with OSHA’s area director, or contest the findings before the independent Occupational Safety and Health Review Commission.

☆ BP recommends vote against climate activist resolution at April 27 AGM
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 13 (Reuters) - BP's (BP.L) board recommended on Monday that shareholders vote against a climate activist resolution asking for more emissions cuts by 2030 at its April 27 shareholder meeting. BP called the Follow This resolution "unclear", "simplistic" and "disruptive" and said it encroached on the board's responsibility to set the firm's strategy. As a result, BP reduced its ambitions to cut emissions from fuels sold to customers to 20%-30% by 2030, from 35%-40%. Last year, shareholder support for Follow This' resolution fell to around 15% of BP shareholders from around 21% the previous year. BP said its board did not consider the activist resolution to be in the company's or its shareholders' best interests.

Looney's base salary of 1.3 million pounds was topped up by retirement benefits and performance-related elements including an annual bonus and shares to 10.03 million pounds ($11.99 million), more than double the 4.46 million pounds he was awarded in 2021. The ex-CEO of energy rival Shell (SHEL.L), Ben van Beurden, saw his pay package rise 53% to 9.7 million pounds after Shell reported record profits of $40 billion. EMISSIONSBP's emissions in 2022 were broadly unchanged from the previous year at around 340 million tonnes of CO2 equivalent, according to its annual report and Reuters calculations. Unlike Shell, BP in its figures excludes emissions from fuels it sells that are derived from crude oil it does not produce. This measure includes all energy BP sells including fuel originally produced by other companies.

☆ Poland's PKO BP 2022 net profit falls 31.6% y/y
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

GDANSK, March 10 (Reuters) - Poland's biggest lender PKO BP's (PKO.WA) full-year 2022 net profit slumped nearly 32% year-on-year to 3.33 billion zlotys ($751.78 million), it said on Friday. The result was above analysts' forecast of 3.29 billion zlotys. The financial results were impacted by provisions for legal risk related to foreign exchange mortgage loans and costs of credit holidays that amounted to 1.91 billion zlotys and 3.11 billion zlotys respectively in 2022.Credit holidays, which are a temporary halt on loan payments, were introduced in Poland in 2022. The state-owned bank reported a net interest income for the year at 11.81 billion zlotys, boosted by an increase in Polish interest rates from 0.50% to 6.75% year-on-year. ($1 = 4.4295 zlotys)Reporting by Anna Banacka Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

However, exports of both fuels may drop in March with Refinitiv forecasting diesel shipments of just 120,000 bpd, which would be a nine-month low. Gasoline exports are also likely to slide in March, with Refinitiv estimating shipments at around 82,000 bpd. Improving domestic demand, planned refinery maintenance and lower profit margins in regional product margins are the main reasons that China's exports of diesel and gasoline are expected to drop sharply this month. China diesel exports vs Singapore gasoil crackTIGHTER MARKET? India's diesel exports were 470,000 bpd in February, the most since December 2021, according to data from commodity analysts Kpler, while its gasoline shipments were about 314,000 bpd, the most since April last year.

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