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☆ Bitcoin at 3-month high as Trump odds drive currencies
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +3 min

Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Bitcoin got a lift from Trump's improving prospects since his administration is seen as taking a softer line on cryptocurrency regulation. The clearest way to express the Trump tariff risk was to be long dollars versus the euro, Swiss franc and Mexican peso , he said. Brad Bechtel, global head of FX at Jefferies, also noted that rising real interest rates were helping the dollar along, particularly against those three currencies. "We expect this trend to continue straight into the election and if Trump wins, likely well after the election as well," Bechtel wrote.

Persons: Cryptocurrency bitcoin, Donald Trump, Bitcoin, Chris Weston, Pepperstone, Weston, Brad Bechtel, Bechtel Organizations: U.S, Trump, China, BTC, Swiss, FX, Jefferies Locations: Asia, U.S

☆ Using options to trade the AI-driven power generation buildout
▼ + stars: | 2024-09-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Power generation has emerged as a crucial investment theme in the context of artificial intelligence (AI) energy demand due to the significant electricity requirements of AI technologies. Several factors make power generation a vital AI-adjacent investment theme: Data centers, the backbone of AI operations, are among the largest electricity consumers. Investing in power generation becomes vital to support this expanding infrastructure. Fluor offers a wide range of services in the nuclear power sector, including project management, engineering, procurement, construction, and maintenance. The company has experience developing new nuclear power plants and maintaining, refurbishing, and decommissioning existing ones.

Persons: Fluor's, FLR, I've Organizations: Bechtel, KBR, Fluor Corporation, Corporation, Fluor, NuScale, CNBC, NBC UNIVERSAL Locations: Irving , Texas, Fluor

☆ Biden set to meet with executives from Citi, United Airlines, Marriott and others
▼ + stars: | 2024-05-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

US President Joe Biden speaks about his Investing in America agenda at the Wilmington Convention Center in Wilmington, North Carolina, on May 2, 2024. President Joe Biden is set to meet Tuesday afternoon with a slate of executives from a variety of industries, some of which have been the targets of his regulatory agenda. The guest list includes United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder and senior chairman Roger Altman, Marriott International CEO Anthony Capuano, Flex CEO Revathi Advaithi, Bechtel Group CEO Brendan Bechtel, former Xerox CEO Ursula Burns and Corning CEO Wendell Weeks, according to a White House official. Biden is planning to discuss his "strategy of investing in America and rebuilding international alliances," the official said in a statement. And as part of a broader siege against what Biden calls "junk fees," the White House has issued rules prohibiting certain fees from airlines and credit card companies.

Persons: Joe Biden, Scott Kirby, Jane Fraser, Roger Altman, Anthony Capuano, Revathi Advaithi, Brendan Bechtel, Ursula Burns, Corning, Wendell Weeks, Biden Organizations: Wilmington Convention, United Airlines, Citi, Marriott International, Flex, Bechtel, Xerox, White, Federal Trade Commission, Department Locations: Wilmington, Wilmington , North Carolina, America

☆ Who is Matty Healy dating now? He's been linked to model Gabbriette Bechtel
▼ + stars: | 2024-04-23 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Matty Healy and Gabbriette Bechtel were first linked in September 2023. Bechtel told Vogue that as a child, she wanted to become a professional ballerina, but ended up dancing in music videos when she moved to Los Angeles. According to Vogue, Bechtel has appeared in a variety of campaigns for brands including Heaven By Marc Jacobs and Skims. Healy and Bechtel were first linked in New York in 2023In September 2023, People published photos of Healy and Bechtel kissing in SoHo in New York City. Bechtel alluded to her relationship with Healy in the March interview with Highsnobiety, saying that she wasn't bothered by the attention.

Persons: Matty Healy, Gabbriette Bechtel, Bechtel, Charli XCX, —, Taylor Swift's, Callie Ahlgrim, Swift, Healy, Joe Alwyn, Travis Kelce, Highsnobiety, Gabriella, Marc Jacobs, Skims, we'd, Chloe Chaidez, Nasty Cherry, Lorne Thomson, Redferns Bechtel, Cherry hasn't, " Healy, Charli, haven't, Healy's, Denise Welch, Welch, Louis Organizations: Service, Poets Department, Business, Kansas City Chiefs, Vogue, Netflix, Bechtel, Instagram Locations: Orange County , California, Los Angeles, New York, SoHo, New York City, Charli XCX

☆ A YouTuber made a breakthrough in a decade-old case of a Navy veteran who vanished in the Ozarks
▼ + stars: | 2024-01-09 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

Read previewA YouTuber has made a breakthrough discovery in a decade-long cold case that haunted him for months. According to Missouri-based TV station KY3, Erwin, 59, went missing on December 29, 2013. His sister Yvonne Erwin-Bowen told the station in 2022 he left to go buy cigarettes, then vanished "without a trace." AdvertisementThere are several other YouTube channels like Hinkle's where divers thoroughly search areas where people went missing and sometimes help with cases long-forgotten. In December 2021, a YouTuber called Jeremy Beau Sides found a car submerged in a Tennessee river while scuba diving, which contained the remains of Erin Foster and Jeremy Bechtel, who went missing in 2000.

Persons: —, James Hinkle, Donnie Erwin, Yvonne Erwin, Bowen, he's, Hinkle, Erwin, Erwin's, Angela Hammond, I'd, Gabby Petito, Jeremy Beau Sides, Erin Foster, Jeremy Bechtel Organizations: Service, YouTube, Navy, Business, Sheriff's, Washington Post, Echo Locations: Ozark, Missouri, Erwin, Camden, Tennessee, Florida

☆ The Best Savings Accounts for Kids and Teens
▼ + stars: | 2023-11-22 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +11 min

Best overallCapital One Kids Savings Account Learn MoreAge to open: under 18Interest rate: 2.5%, with no cap$0 to openNo maintenance feesWhy we picked it:Capital One’s Kids Savings Account delivers everything a parent could want in a place to stash their child’s funds: It’s easy to use, fee-free, and generously rewards kid savings of any size. On your child’s 13th birthday, the account will be converted into a MyLife Teen Checking or MyLife Savings account. Older savers should consider our best overall pick, the Capital One Kids Savings Account, or our choice for best teen savings account, the MySavings Youth Account from Chevron Financial Credit Union and Spectrum Credit Union. For instance, a kid with $2,500 in the account would net $81 in a year vs. only $63 with Buy Side from WSJ’s best overall pick, Capital One’s Kids Savings account. Also worth noting: Alliant’s adult offering, the High-Rate Savings account, is Buy Side from WSJ’s top choice for a credit union savings account thanks to its identical 3.1% payout and lack of fees.

Persons: Kerri Anne Renzulli, don’t, One’s, USAlliance, Best, Foster, Alliant, Cookie, Elmo Organizations: Capital, Capital One’s, Financial, Union MyLife Savings, Savings, Kids, American Consumer Council, Chevron Financial Credit Union, Spectrum Credit Union, Chevron Federal Credit Union, Chevron Corporation, Bechtel Corporation, Federal, Foster Care, Bank, PNC Bank’s, PNC, D.C Locations: Washington

☆ Target CEO to meet with Biden as the company — and White House — try to figure out U.S. consumers
▼ + stars: | 2023-10-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Target CEO Brian Cornell will meet with President Joe Biden on Thursday afternoon as the retailer — and the White House — try to figure out U.S. consumers. Cornell is one of about a half dozen business leaders across industries who will offer up their point of view on the economy and the labor market at the White House. Through a spokesperson, Target confirmed Cornell's attendance at the meeting, but deferred to the White House for more details about the content of the meeting. Biden's meeting with the business leaders comes as the White House gears up for the next presidential election — a time when his track record on the economy and inflation will be under the microscope. Cornell has met with the White House before.

Persons: Brian Cornell, Joe Biden, Biden, Brendan Bechtel, Calvin Butler, Kenneth Chenault, Thasunda Brown Duckett, Arvind Krishna, Judy Marks, —, Cornell, Doug McMillon, Donald Trump Organizations: White, Cornell, Bechtel Group, Catalyst, IBM, Otis Worldwide, Target, White House, New, Pride Locations: New York City, San Francisco

☆ Biden to meet with Target, IBM and other CEOs
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden participates in a roundtable with Jewish community leaders regarding the Palestine-Israel conflict, in the Eisenhower Executive Office Building on the White House campus in Washington, U.S. October 11, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 12 (Reuters) - President Joe Biden will meet with the chief executives of several large companies on Thursday to get their perspective on the U.S. economy, a White House official said. The meeting at the White House includes the CEOs of Target(TGT.N), IBM(IBM.N) and Exelon(EXC.O), Bechtel Group, General Catalyst, TIAA and Otis Worldwide, representing the construction, manufacturing, clean energy, finance and retail industries. Biden is seeking the executives' perspectives on the economy and on his administration's efforts to provide domestic investment, the White House official said. He pushed Congress to pass sweeping legislation to invest in infrastructure, target student loan debt and has been a vocal supporter of workers' rights.

Persons: Joe Biden, Jonathan Ernst, Catalyst, Biden, Steve Holland, Susan Heavey, Doina Organizations: White, REUTERS, Rights, White House, Target, IBM, Bechtel Group, Otis Worldwide, Democratic, Wednesday, Thomson Locations: Palestine, Israel, Washington , U.S, U.S

[1/2] Euro and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The euro fell 0.19% to $1.0566 but the dollar index , a measure of the U.S. currency against six others, retreated 0.16% after earlier trading higher. The Japanese yen , another traditional safe-haven currency, edged higher 0.57% higher to 148.47 per dollar. Net long positions on the dollar rose to a one-year high, according to U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $10.55 billion for the week ended Oct. 6.

Persons: Dado Ruvic, Benjamin Netanyahu, Brad Bechtel, Bechtel, Marc Chandler, I'm, Chandler, Sterling, Swedish krona, Paul Mackel, Herbert Lash, Joice Alves, Rae Wee, Christina Fincher, Mark Potter, Will Dunham, Leslie Adler Organizations: U.S, REUTERS, Bank of Israel, FX, Jefferies, Hamas, Bannockburn Global, U.S ., Canadian, New, Norwegian, U.S . Commodity Futures, Commission, Federal Reserve, Group, HSBC, Golden, Reuters, Thomson Locations: Israel, Palestinian, Gaza, Israeli, New York, Japan, Bannockburn, New Zealand, Swedish, U.S, Asia, London, Singapore

☆ Poland issues environmental permit for first nuclear power plant
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Polish Minister of Climate an Environment Anna Moskwa, speaks during an interview with Reuters at Enviroment Ministry headquarter in Warsaw, Poland, June 15, 2023. REUTERS/Kuba Stezycki/File Photo Acquire Licensing RightsWARSAW, Sept 22 (Reuters) - Poland has issued an environmental permit for the country's first nuclear power plant, state run news agency PAP reported on Friday, citing Climate Minister Anna Moskwa. According to Poland's General Directorate for Environmental Protection (GDOS), the building and operation of the plant will not adversely affect the environment, and its impact will be monitored, PAP reported. Warsaw plans to build its first nuclear power plant on the Baltic coast by 2033. The U.S. consortium and Polish utility Polskie Elektrownie Jądrowe are expected to sign an engineering services contract next week, according to Bechtel.

Persons: Anna Moskwa, Kuba, Moskwa, Bechtel, Marek Strzelecki, Christina Fincher Organizations: Reuters, Enviroment Ministry, REUTERS, Rights, Environmental Protection, Westinghouse Electric Co, U.S ., Polskie, Bechtel, Thomson Locations: Polish, Warsaw, Poland, Baltic

☆ Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
▼ + stars: | 2023-09-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/3] Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. The Japanese yen strengthened against the greenback before Friday's Bank of Japan policy announcement, while the pound and the Swiss franc slipped after the British and Swiss central banks kept rates unchanged. The BOJ will end its negative interest rate policy next year, the majority of economists said in a Reuters poll, as the market has begun to envisage the demise of its ultra-easy monetary settings. The pound fell to its lowest since March after the Bank of England held interest rates steady on Thursday, following a cooler-than-expected inflation report the previous day. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations.

Persons: Jason Lee, Helen, Powell didn't, BoE, Monex's, Brad Bechtel, Sweden's, bitcoin, Saqib Iqbal Ahmed, Sam Holmes, Shri Navaratnam, Sharon Singleton, Richard Chang Organizations: Hong, REUTERS, U.S, Federal Reserve, Friday's Bank of Japan, Swiss, British, Fed, Monex, ECB, Traders, FX, Jefferies, Bank of England, Swiss National Bank, Thomson Locations: Hong Kong, Swiss, Japan, Swedish, Norwegian

☆ Dollar firmer on solid US data; China's yuan tumbles to 16-year low
▼ + stars: | 2023-09-07 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. China's onshore yuan , on the other hand, slid to a 16-year low versus the greenback, under pressure from a property slump, weak consumer spending, and shrinking credit growth in the world's second-largest economy. Against a basket of currencies including the euro and sterling, the dollar rose 0.2% to 105.03, after earlier touching a fresh six-month peak. The index also climbed to a six-month high on Tuesday, as the U.S. services sector unexpectedly gained steam in August. ONSHORE YUAN HITS 2007 LEVELSThe onshore yuan sank to 7.3299 per dollar, its weakest since December 2007.

Persons: Florence Lo, Brad Bechtel, BoE, Andrew Bailey, Gertrude Chavez, Dreyfuss, Joice Alves, Rae Wee, Zhou, Sharon Singleton, Chizu Nomiyama, Nick Zieminski, Andrea Ricci Organizations: U.S, REUTERS, Federal Reserve, Jefferies, Reuters, New Zealand, European Central Bank, Bank of England, Thomson Locations: U.S, New York, China, Beijing, Japan, Bank, London

☆ Reeling From Heartbreak, and Then ‘Penelope’ Showed Up
▼ + stars: | 2023-09-01 | by ( Laura Collins-Hughes | ) www.nytimes.com time to read: +1 min

The composer and lyricist Alex Bechtel didn’t go looking for Penelope, the mythical character in “The Odyssey” famed for her clever weaving and steadfast endurance of long abandonment. At a low moment in Bechtel’s romantic life, Penelope came to him, inspiring music that developed into a concept album. A breakup album, really, begun in 2020 during the early months of the coronavirus pandemic. The music, then, was also fed by what he called his “terror and confusion and grief and longing for this thing that I have chosen to do with my life.”“I started writing songs from the point of view of Penelope,” he said. “I never sat down to say, ‘Wouldn’t it be interesting to do an adaptation of “The Odyssey” from her point of view?’ It’s just, I was going through this large experience, and that character was within arm’s reach.”

Persons: Alex Bechtel didn’t, Penelope, Bechtel, ” “, ”, “ Locations: Philadelphia, Boston, arm’s

☆ Shares, dollar gains after moderate US CPI data
▼ + stars: | 2023-08-10 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate to 3.2% from 3% in June. The pace of core CPI, which strips out volatile food and energy prices, slowed to 4.7% in July from 4.8% the prior month. But investors remained cautious as another CPI report and jobs data await Fed policymakers before their next meeting in September. MSCI's gauge of stock performance across the globe (.MIWD00000PUS) gained 0.38%, while the pan-European STOXX 600 index (.STOXX) rose 0.79%. Gold prices ticked up after the U.S. inflation data on speculation the Fed is at the end of its rate hike cycle.

Persons: Brendan McDermid, Russell Price, Price, Brad Bechtel, Brad Conger, Callaghan, Brent, Herbert Lash, Samuel Indyk, Ankur Banerjee, Edwina Gibbs, Sam Holmes, Susan Fenton, Alexandra Hudson, Richard Chang Organizations: New York Stock Exchange, REUTERS, Global, Labor Department, Reuters, Fed, Ameriprise, FX, Jefferies, Co, Dow Jones, Nasdaq, Treasury, U.S, Thomson Locations: New York City, U.S, Troy , Michigan, Conshohocken , Pennsylvania, CHINA, China, Asia, Pacific, Japan, London

☆ Beyond the City, Summertime Theater That’s Worth the Drive
▼ + stars: | 2023-07-27 | by ( Laura Collins-Hughes | ) www.nytimes.com time to read: +1 min

This company has a knack for magnificent vistas. Its new home is high above the Hudson River in Garrison, N.Y., with breathtaking views. Picnicking, should you care to, is very much part of the preshow experience, and performances are alfresco, under a sturdy, festive, big white tent. But productions here often use the landscape just outside for striking tableaus, with the tent’s wide, arced entrance framing bits of action on the sloping lawn. (hvshakespeare.org)

Persons: Henry V ”, Davis McCallum, Amanda Dehnert, André, Penelope ”, ”, Eva Steinmetz, Alex Bechtel, Grace McLean, Steinmetz Locations: Garrison, N.Y

HOUSTON, July 10 (Reuters) - A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers. WORKERS NEEDEDAt present Bechtel has more than 3,000 professionals working on its LNG projects. Two other projects - Golden Pass LNG and Plaquemines LNG - have added workers and are moving to 24-hour work schedules. Cheniere and Bechtel are training workers using virtual simulations or via partnerships with local schools. Venture Global LNG stitched together 18 liquefaction units in its highly modular Calcasieu Pass LNG plant, allowing it to open the facility in what it said was record time.

Persons: Paul Marsden, Marsden, Alex Munton, Bechtel, Corey Grindal, Grindal, Cheniere, Jason Klein, Klein, Paul Varello, Curtis Williams, Nia Williams, Matthew Lewis Organizations: Bechtel Corp's Energy, Labor, Rapidan Energy, Bechtel, Cheniere Energy, Corpus, Plaquemines, Canada, Reuters, Commonwealth LNG, Venture, Columbia, Thomson Locations: U.S, Port Arthur, Christi, Kitimat, British Columbia, China, Calcasieu, Houston

☆ Dollar eases after strong labor market reports
▼ + stars: | 2023-07-06 | by ( Herbert Lash | ) www.reuters.com time to read: +4 min

NEW YORK, July 6 (Reuters) - The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. "Take it together with how equity markets have responded, that gives a clear picture of the dollar today. The dollar index , measuring the U.S. currency against six others including the euro and Japan's yen, fell 0.18% to 103.13. "The FX market is taking more of a 'one-dimensional approach' to trading the British disease," said Stephen Gallo, global FX strategist at BMO Capital Markets. The Chinese yuan last traded down slightly at 7.2575 per dollar in the offshore market , a day after falling about 0.4%.

Persons: payrolls, Brian Daingerfield, Lorie Logan, Brad Bechtel, Stephen Gallo, Gallo, Bitcoin, Herbert Lash, Samuel Indyk, Rae Wee, David Holmes, Mark Potter, Richard Chang Organizations: YORK, Reserve, Labor Department, Institute for Supply Management, NatWest Markets, Fed, Dallas, FX, Jefferies, of England, BMO Capital Markets, Thomson Locations: U.S, Stamford , Connecticut, London, Singapore

☆ How Elizabeth Holmes convinced powerful men like Henry Kissinger, James Mattis, and George Shultz to sit on the board of Theranos
▼ + stars: | 2023-06-02 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +6 min

The reporters spoke with board members, who explained why they backed founder Elizabeth Holmes. Holmes' board going into the scandal included an unusual roster of names for a healthcare startup, with leaders who had more experience in politics and government than healthcare. For the most part, the board members seemed to be taken by Holmes and her vision. "Secretary Mattis was struck by the promise of technology and was looking for any technology solution to save lives on the battlefield," White said. Auletta in the documentary said the board members spoke about Holmes as if she were a visionary.

Persons: Theranos, Alex Gibney, Elizabeth Holmes, Holmes, John Carreyrou, Sunny Balwani, Balwani, George Shultz, Shultz, Gary Roughead, William Perry, Sam Nunn, James Mattis, Donald Trump's, Richard Kovacevich, Wells Fargo Henry Kissinger, William Frist, William H, Foege, Riley, Bechtel, Kissinger, Mattis, Ken Auletta, David Boies, Auletta, Axios, Dana White, White, Beethoven, Roger Parloff, he's, Parloff Organizations: Morning, Food and Drug Administration, Wall Street, US, US Marine Corps, Centers for Disease Control, Bechtel Group Inc, New, Mattis, Theranos, Securities and Exchange Commission, Fortune Locations: Texas, California, Silicon Valley

☆ Elizabeth Holmes owes over $25 million to Theranos, lawsuit says
▼ + stars: | 2023-03-17 | by ( Yasmin Khorram | ) www.cnbc.com time to read: +3 min

Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her mother Noel Holmes (L) and father Christian Holmes on September 01, 2022 in San Jose, California. Elizabeth Holmes hasn't paid back over $25 million to creditors of her former Theranos company as she tries to delay her 11-year prison sentence, according to a lawsuit. According to the breach of contract suit, Holmes executed three promissory notes while she was CEO of the failed blood-testing company. The promissory notes were as follows, according to the lawsuit:August 2011 in the amount of $9,159,333.65. Holmes founded Theranos in 2003 after dropping out of Stanford, with the promise of revolutionizing the healthcare industry.

☆ Tellurian taps LNG demand surge to deliver fourfold jump in production
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 22 (Reuters) - Tellurian Inc (TELL.A) on Wednesday reported a fourfold increase in quarterly natural gas production to meet a surge in demand triggered by Western sanctions against Russia over the Ukraine invasion. Shares of the U.S. liquefied natural gas (LNG) developer rose nearly 6% to $1.46 in premarket trade. U.S. natgas prices rose 18% year-over-year on average in the fourth quarter. Houston, Texas-based Tellurian said its natural gas production increased to about 225 million cubic feet per day (MMcfd) in the fourth quarter ended Dec. 31, compared with the previous year's 55 MMcfd. The company's adjusted core earnings also jumped to $80 million from $13.3 million a year ago.

☆ Mexico Pacific to sell LNG from Sonora export plant to Exxon Mobil
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 7 (Reuters) - Mexico Pacific said on Tuesday that a unit of Exxon Mobil Corp (XOM.N) had agreed to buy liquefied natural gas from the Mexican company's proposed Saguaro Energia LNG export plant in Sonora state. Mexico Pacific also said ExxonMobil has an option for 1 MTPA from Train 3 at the plant. One MTPA of LNG is about the same as 0.13 billion cubic feet per day of natural gas. The proposed three-train Saguaro Energia LNG facility is designed to produce about 14.1 MTPA of LNG from natural gas sourced from the Permian Basin in Texas and New Mexico. "We look forward to working with Mexico Pacific to continue growing ExxonMobil's LNG portfolio and deliver Permian natural gas to global markets," said Peter Clarke, senior vice president of LNG for ExxonMobil Upstream Co.

☆ Tellurian woos Indian investors for its Driftwood LNG project
▼ + stars: | 2023-02-07 | by ( Shariq Khan | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - Tellurian Inc is continuing discussions with the Indian government and oil companies for investments in its Driftwood liquefied natural gas project in Louisiana, its chief executive told Reuters on Tuesday. "The only way India and Indian companies can supply LNG at the lowest possible cost is if they invest equity in a project that allows them to lift the LNG at cost. We offer that, so obviously, it is very, very attractive to the Indian companies and the Indian government," Simoes said. Houston, Texas-based Tellurian resumed talks with Indian oil and gas companies for investments in Driftwood LNG late last year. No other competing project is under construction," Simoes said.

☆ Bechtel Group CEO on designing and building a new Intel chip factory in Ohio
▼ + stars: | 2022-12-06 | 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 EmailBechtel Group CEO on designing and building a new Intel chip factory in OhioBechtel Group CEO Brendan Bechtel joins 'Squawk Box' to discuss the impact of the Chips and Science Act on the economy and the budding semiconductor manufacturing industry in the U.S.

☆ Analysis: With Fed in view, dollar rally dented but not quite done, investors say
▼ + stars: | 2022-11-01 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

A less hawkish-than-expected message from the Fed at Wednesday’s monetary policy meeting, however, could exacerbate the currency's recent decline. That has made investors like Paresh Upadhyaya, director of fixed income and currency strategy at Amundi US, wary of calling an end to the dollar rally. Some central banks have already delivered smaller than expected rate increases in recent weeks, including the Bank of Canada and Reserve Bank of Australia. "If the Fed pulls back that will allow (other central banks) to pull back as well," said UBS's Draho, who expects more dollar strength in coming months. Still, with the dollar near a 20-year high, further dollar gains are likely to be accompanied by increased volatility, analysts said.

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