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☆ Metro Bank shares gain after deal to bolster finances
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 9 (Reuters) - Shares in Metro Bank (MTRO.L) jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet after urgent talks over the weekend following volatile trading. Metro announced a 325 million pound ($396 million) capital raise and 600 million pound debt refinancing on Sunday, in a deal that would hand majority shareholder control to its biggest investor, Colombian billionaire Jaime Gilinski. Metro Bank shares opened as much as 22% higher, and were last up 9% at 49.4 pence. ($1 = 0.8199 pounds)Reporting by Iain Withers; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Hannah McKay, Jaime Gilinski, Gary Greenwood, Iain Withers, Jason Neely, Louise Heavens Organizations: Metro Bank, REUTERS, Metro, Shore Capital, Thomson Locations: London, Britain

☆ Apollo, JB Capital preparing bid for Vodafone's Spanish unit, Expansion says
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Nacho Doce/File photo Acquire Licensing RightsMADRID, Oct 9 (Reuters) - U.S.-based buyout fund Apollo Global Management is readying a bid with local fund JB Capital for the Spanish unit of telecom giant Vodafone (VOD.L), the Expansion newspaper reported on Monday citing unidentified sources with knowledge of the matter. The news about a potential bid comes three weeks after British telecom investment company Zegona (ZEG.L) said it was in talks with Vodafone to buy the Spanish unit. Vodafone CEO Margherita Della Valle launched a strategic review of the Spanish unit earlier this year. Vodafone is one of the three largest telecom operators in Spain together with Telefonica (TEF.MC) and the local unit of France's Orange (ORAN.PA). Apollo and JB Capital did not immediately respond to requests for comment.

Persons: Nacho, Margherita Della Valle, Inti Landauro, Jason Neely Organizations: Vodafone, Congress, REUTERS, Rights, Apollo Global Management, JB Capital, Spanish, Telefonica, Thomson Locations: Barcelona, Spain, Rights MADRID

JERUSALEM, Oct 9 (Reuters) - Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday following three days of violence in the region. Chevron (CVX.N), which operates the field, confirmed it had been instructed by the ministry to shut down the field, which is a major source of gas to Israel's power generators and industry. "In the wake of the situation, Israel's defence establishment ordered the temporary suspension of natural gas supplies from the Tamar field," the energy ministry said in a statement. Israel's largest offshore gas field, Leviathan, continues to operate normally, Chevron said. Israel became a major regional gas supplier with the start of production at the Tamar field a decade ago, which was followed by several other gas developments.

Persons: Tamar, Benjamin Netanyahu's, Yisrael Katz, Israel, Dan Williams, Ari Rabinovitch, Ron Bousso, Jason Neely, Susan Fenton Organizations: Chevron, Energy, United Arab, Union Energy, Tamar Petroleum, Everest, Petroleum, Thomson Locations: Israel, Jordan, Egypt, Gaza, Yom, Ashdod, Israel's, Tamar, United Arab Emirates, Dor

KYIV, Oct 7 (Reuters) - Ukraine's President Volodymyr Zelenskiy called on world leaders on Saturday to show solidarity and unity in supporting Israel and condemning the "terrorist attack" by Palestinian Islamist group Hamas. Zelenskiy, whose army has been fighting a war Russia launched against it 19 months ago, said that Israel - just like Ukraine - has "every right" to protect itself. "Let the value of human life and the intolerance of terror be the principles that will finally unite the whole world," Zelenskiy said in his nightly video address. The Ukrainian army put out a video on Saturday with Ukrainian soldiers condemning the Hamas attack and speaking in support of Israel. "Every life matters, both in Israel and in Ukraine," one solder said while another added, "This is a crime against the civilized world."

Persons: Volodymyr Zelenskiy, Benjamin Netanyahu, Zelenskiy, Netanyahu, Dan Peleschuk, Nick Starkov, Lidia Kelly, Jason Neely, Lisa Shumaker Organizations: Palestinian, Hamas, Thomson Locations: Israel, Russia, Ukraine, Kyiv, U.S, Palestine, Ukrainian

☆ Ukraine's Zelenskiy Condemns 'Terrorist Attack' on Israel
▼ + stars: | 2023-10-07 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy on Saturday condemned what he called a "terrorist attack" on Israel after a surprise assault by the Palestinian Islamist group Hamas and backed the country's right to self-defence. "Anyone who resorts to terror commits a crime against the world. Whoever finances terror is committing a crime against the world," he wrote on the social media platform X. Zelenskiy added: "Israel's right to self-defence is unquestionable." Separately the Ukrainian foreign ministry also condemned Saturday's attack, which combined gunmen crossing into several Israeli towns with a heavy barrage of rockets fired from the Gaza Strip.

Persons: Volodymyr Zelenskiy, Zelenskiy, Saturday's, Dan Peleschuk, Jason Neely Organizations: Hamas Locations: Israel, Palestinian, Ukraine, Russia, Gaza

☆ Russia calls on Israel and Palestinians to cease fire
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

Russian President Vladimir Putin makes a statement following talks with Uzbek President Shavkat Mirziyoyev at the Kremlin in Moscow, Russia, October 6, 2023. Sputnik/Pavel Bednyakov/Pool via REUTERS/File Photo Acquire Licensing RightsMOSCOW, Oct 7 (Reuters) - Russia expresses its most serious concern at the sharp aggravation of the Israeli-Palestinian conflict, Russian foreign ministry spokesperson Maria Zakharova said on Saturday. "We call on the Palestinian and Israeli sides to implement an immediate ceasefire, renounce violence, exercise the necessary restraint and establish, with the assistance of the international community, a negotiation process aimed at establishing a comprehensive, lasting and long-awaited peace in the Middle East," she said in a statement. Russia is in contact with Israel, the Palestinians and Arab countries over the flare-up, the Interfax news agency reported earlier, citing Deputy Foreign Minister Mikhail Bogdanov. Reporting by Reuters; editing by Jason Neely and Andrew Cawthorne私たちの行動規範：トムソン・ロイター「信頼の原則」

Persons: Vladimir Putin, Shavkat Mirziyoyev, Pavel Bednyakov, Maria Zakharova, Mikhail Bogdanov, Jason Neely, Andrew Cawthorne 私 Organizations: Kremlin, Sputnik, Rights, Reuters Locations: Moscow, Russia, Israel

☆ Adviser to Iran's Supreme Leader expresses support for Palestinian attacks
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting with the guests of the Islamic Unity Conference in Tehran, Iran October 3, 2023. Office of the Iranian Supreme Leader/WANA (West Asia News Agency) via REUTERS/File Photo Acquire Licensing RightsDUBAI, Oct 7 (Reuters) - An adviser to Iran's Supreme Leader Ali Khamenei on Saturday congratulated Palestinian fighters for launching the biggest attack on Israel in years, the semi-official ISNA news site reported. "We congratulate the Palestinian fighters," it quoted Yahya Rahim Safavi as saying. "We will stand by the Palestinian fighters until the liberation of Palestine and Jerusalem." Iran's state television showed parliament members rising from their seats on Saturday to chant "Death to Israel" and "Palestine is victorious, Israel will be destroyed".

Persons: Ayatollah Ali Khamenei, Ali Khamenei, Yahya Rahim Safavi, Jason Neely Organizations: Iran's, Islamic Unity Conference, Iranian, West Asia News Agency, REUTERS, Rights, Palestinian, Hamas, Thomson Locations: Tehran, Iran, Rights DUBAI, Israel, Palestine, Jerusalem, Palestinian, Gaza

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. In the previous three weeks, they rose more than 10% on concerns about tight supply. Higher interest rates increase borrowing costs, which could slow economic growth and reduce oil demand. Meanwhile, markets worried about Russia's temporary ban on exports of gasoline and diesel to most countries would tighten supplies. Russian wholesale gasoline prices were down nearly 10% and diesel down 7.5% on Friday on the St. Petersburg International Mercantile Exchange.

Persons: Nick Oxford, Brent, Dennis Kissler, Russia's Transneft, Arathy Somasekhar, Nicole Jao, Robert Harvey, Yuka Obayashi, Emily Chow, Jan Harvey, Jason Neely, David Gregorio Our Organizations: REUTERS, . West Texas, BOK Financial, . Federal, RBC, St . Petersburg International Mercantile Exchange, IIR Energy, Thomson Locations: Cushing , Oklahoma, HOUSTON, U.S, Primorsk, Novorossiysk, St, Houston, New York, Tokyo, Singapore

☆ Stellantis to invest $500 million in Rio plant
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsCompanies Stellantis NV FollowRIO DE JANEIRO, Sept 22 (Reuters) - Stellantis (STLAM.MI) will invest up to 2.5 billion reais ($508 million) in its plant in Rio de Janeiro state, its CEO for South America, Antonio Filosa, said on Friday. The announcement happened at an event at the Guanabara Palace, the Rio state government's headquarters, and the funds are part of an investment cycle that ends in 2025. Of the total, 330 million reais have been invested in developing a modified version of its CMP car platform for producing models from several of the group's brands, compatible with combustion, hybrid and electric engines. Stellantis, which owns brands such as Fiat, Peugeot and Jeep, has two other factories in Brazil and two more in South America.

Persons: Rebecca Cook, Antonio Filosa, Stellantis, Rodrigo Viga Gaier, Peter Frontini, Steven Grattan, Jason Neely, David Gregorio Our Organizations: REUTERS, RIO DE, South, CMP, Fiat, Peugeot, Jeep, Thomson Locations: Auburn Hills , Michigan, U.S, RIO DE JANEIRO, Rio de Janeiro, South America, Guanabara, Rio, Brazil

☆ Oil prices rise as Russia fuel export ban stokes supply concerns
▼ + stars: | 2023-09-22 | by ( Robert Harvey | ) www.reuters.com time to read: +2 min

REUTERS/Nick Oxford//File Photo Acquire Licensing RightsLONDON, Sept 22 (Reuters) - Oil prices rose on Friday as renewed global supply concerns from Russia's fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates. Both benchmarks were relatively flat on the week, having gained more than 10% in the previous three weeks amid concerns about tight global supply. Russian wholesale gasoline prices were down nearly 10% and diesel down 7.5% on Friday on the St. Petersburg International Mercantile Exchange. But macroeconomic headwinds continue to weigh on oil demand sentiment. "It is signals on the demand side that are mainly likely to affect oil prices in the short term," Commerzbank analysts said in a note.

Persons: Nick Oxford, Brent, WTI, Transneft, Robert Harvey, Yuka Obayashi, Emily Chow, Jan Harvey, Jason Neely Organizations: REUTERS, U.S, West Texas, RBC, St . Petersburg International Mercantile Exchange, U.S . Federal Reserve, IIR Energy, Thomson Locations: Cushing , Oklahoma, Primorsk, Novorossiysk, Russia, St, Tokyo, Singapore

☆ Britain says may clear restructured Microsoft-Activision deal
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 22 - Microsoft's (MSFT.O) restructured acquisition of Activision Blizzard (ATVI.O) "opens the door" to the deal being cleared, Britain's antitrust regulator said on Friday. The Ubisoft divestment "substantially addresses previous concerns," the UK's Competition and Markets Authority (CMA) said in a statement. "While the CMA has identified limited residual concerns with the new deal, Microsoft has put forward remedies which the CMA has provisionally concluded should address these issues," the regulator said. The CMA said there were "residual concerns" that certain provisions in the Ubisoft deal could be circumvented, terminated or not enforced.

Persons: Dado Ruvic, Brad Smith, Yadarisa, Paul Sandle, Varun, Jason Neely Organizations: Microsoft, Activision, REUTERS, Activision Blizzard, Ubisoft Entertainment, Ubisoft, Markets Authority, CMA, Thomson Locations: U.S, Bengaluru, London

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. "While the CMA has identified limited residual concerns with the new deal, Microsoft has put forward remedies which the CMA has provisionally concluded should address these issues," the regulator said. The European Union waved the deal through in May after accepting Microsoft's commitments to license Activision's games to other platforms, the same remedies that Britain had rejected. The U.S. Federal Trade Commission also opposes the deal, but it has failed in its attempts to stop it. The CMA said there were "residual concerns" around the Ubisoft deal, but Microsoft has offered remedies to ensure the terms of the sale were enforceable by the regulator.

Persons: Dado Ruvic, Brad Smith, Sarah Cardell, Sophie Lund, Yates, Hargreaves Lansdown, Yadarisa, Paul Sandle, Varun H, Jason Neely, Sharon Singleton Organizations: Microsoft, Activision, REUTERS, Ubisoft UK's CMA, CMA, Activision Blizzard, Ubisoft Entertainment, Competition, Markets Authority, Ubisoft, Union, U.S . Federal Trade Commission, Thomson Locations: U.S, Britain, Bengaluru, London

☆ BYD says talk of leaked commercial secrets 'purely rumours'
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

People stand next to BYD Company vehicles, at the 2023 IAA Mobility auto show, in Munich, Germany, September 10, 2023. REUTERS/Angelika Warmuth/File Photo Acquire Licensing RightsCompanies BYD Co Ltd FollowBEIJING, Sept 22 (Reuters) - Online discussions saying BYD workers leaked commercial secrets are purely rumours, the Chinese automaker said in a social media post on Friday. BYD also said the person responsible for spreading the rumour has been apprehended by police and that the firm plans to take legal action. In the statement, BYD posted screenshots of social media posts of the rumour which said an employee at the company's semiconductor foundry division had leaked a client's chip engineering drawing to U.S. politicians. BYD is the top-selling auto brand in China by sales in the first eight months of the year with pure electric and plug-in hybrid models.

Persons: Angelika Warmuth, BYD, Liz Lee, Jason Neely Organizations: BYD Company, REUTERS, BYD, Beijing, Thomson Locations: Munich, Germany, BEIJING, China

☆ US opens probe into about 240,000 Ford EcoSport vehicles
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

The 2018 Ford Ecosport is displayed during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017. REUTERS/Mark Blinch Acquire Licensing RightsCompanies Ford Motor Co FollowSept 22 (Reuters) - U.S. auto safety regulators said on Friday they are investigating about 240,000 of 2018-2021 Ford (F.N) EcoSport vehicles after consumer complaints alleging oil pump failure. The investigation was opened on September 20 by the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation, the NHTSA said. It said it had received 95 complaints alleging that the oil pump may fail, resulting in a loss of motive power while the vehicle is in motion. 2 U.S. automaker's previous recall of 710,000 Explorer SUVs over power loss reports to determine if a fix implemented by Ford was adequate.

Persons: Ford Ecosport, Mark Blinch, Ford, Kanjyik Ghosh, Jason Neely Organizations: North American, REUTERS, Ford, National, NHTSA, Thomson Locations: Detroit , Michigan, U.S, Bengaluru

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBRUSSELS, Sept 22 (Reuters) - Intel (INTC.O) was fined 376 million euros ($400 million) on Friday in an EU antitrust case stemming from actions the U.S. chipmaker took between 2002 and 2006. An initial record fine of 1.06 billion euros in 2009 was thrown out last year by the Luxembourg-based General Court, Europe's second highest. The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case. "The General Court confirmed that Intel's naked restrictions amounted to an abuse of dominant market position under EU competition rules," the European Commission said in a statement. The Commission has appealed the General Court's ruling last year at the EU Court of Justice, Europe's top court.

Persons: Dado Ruvic, chipmaker, Court's, Europe's, Bart Meijer, Jane Merriman, Jason Neely Organizations: REUTERS, Rights, Intel, European Commission, Devices, HP, Lenovo, HK, EU, Justice, Thomson Locations: Rights BRUSSELS, Luxembourg

☆ Russia's gasoline prices on exchange down almost 10% after export ban
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsMOSCOW, Sept 22 (Reuters) - Russian wholesale gasoline Ai-92 grade prices fell by 9.7% to 55,892 roubles ($582) per metric ton on Friday, according to exchange data, following a government ban on fuel exports. Diesel prices were down 7.5% to 66,511 roubles per ton, according to the data from the St. Petersburg International Mercantile Exchange (SPIMEX). Wholesale fuel prices in Russia had been steadily rising this year amid fuel shortages, reaching all-time highs. In response, Russia on Thursday temporarily banned exports of gasoline and diesel to all countries apart from four ex-Soviet states. A Kremlin spokesman told reporters that the export ban would last for as long as necessary to ensure market stability.

Persons: Maxim, Dmitry Peskov, Pavel Sorokin, J.P, Morgan, Vladimir Soldatkin, Jason Neely, Miral Organizations: REUTERS, Rights, St . Petersburg International Mercantile Exchange, TASS, Kremlin, Energy, Citi, Reuters, Thomson Locations: Moscow, Russia, St, Baltic, Primorsk, Novorossiysk

☆ China has issued some export licences for gallium and germanium
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: 1 min

The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Sept 21 (Reuters) - Some Chinese companies have obtained export licences for gallium and germanium products, the commerce ministry said on Thursday, after Beijing introduced new conditions for exports on Aug. 1. The Ministry of Commerce has approved applications from some companies that meet relevant requirements, spokesman He Yadong said at a regular press briefing. Reporting by Joe Cash, Albee Zhang, and Amy Lv in Beijing; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Yadong, Joe Cash, Albee Zhang, Amy Lv, Jason Neely Organizations: REUTERS, Rights, of Commerce, Thomson Locations: China, Rights BEIJING, Beijing

☆ China approves export licences for chip materials gallium, germanium
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Sept 21 (Reuters) - Some Chinese companies have obtained export licences for gallium and germanium products, the commerce ministry said on Thursday, after Beijing set new conditions on exports from Aug. 1. The comments came after China's exports of germanium and gallium items plunged in August, the first month of the export controls，customs data showed on Wednesday. China unveiled curbs that month on exports of eight gallium and six germanium products, starting from August. The new rules require exporters of germanium and gallium products to obtain an export licence for dual-use items and technologies, or those which have potential military and civilian uses.

Persons: Florence Lo, Yadong, Joe Cash, Albee Zhang, Amy Lv, Jason Neely, Clarence Fernandez Organizations: REUTERS, Rights, Thomson Locations: China, Rights BEIJING, Beijing, Washington

☆ South Korea lawmakers vote to pave way for opposition leader's arrest
▼ + stars: | 2023-09-21 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally while campaigning for the presidential election in Seoul, South Korea March 8, 2022. The vote means Democratic Party leader Lee Jae-myung will face court to contest his arrest over the charges. Members of parliament have immunity against arrest when the assembly is in session unless its members vote to rescind it with a simple majority. Lee's Democratic Party holds 167 seats in the 297-member parliament. President Yoon is currently in New York to attend the United Nations General Assembly.

Persons: Lee Jae, myung, Kim Hong, Han, Han Duck, Yoon Suk Yeol, Democratic Party's Lee, Lee, Yoon, Hyunsu Yim, Jason Neely Organizations: South Korea's Democratic Party, REUTERS, Democratic Party, Democratic, United Nations General Assembly, Thomson Locations: Seoul, South Korea, SEOUL, North Korea, Gyeonggi Province, Seongnam, New York, Korea's

☆ Facing fares row, Ryanair hit by new antitrust probe in Italy
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Ryanair said on Wednesday that internal Italian flights to Sicily would be cut by 10% in its latest winter schedule, blaming the government's planned price cap. Eddie Wilson, the chief executive of Ryanair DAC, the biggest airline in the Ryanair group, said the airline opposed the measure despite the modification. During a visit to Sicily, Wilson contrasted Ryanair's expansion of foreign flights to and from the island with the reduction on domestic routes. "Italian domestic growth has sadly been negatively impacted by the Italian government's unlawful price cap decree to restrict airlines’ freedom to set low air fares," Wilson said in a statement. Ryanair has already reduced its domestic schedule for flights to Sardinia over the winter.

Persons: International Eleftherios Venizelos, Alkis, Eddie Wilson, Wilson, Alvise Armellini, Keith Weir, Cristina Carlevaro, Jason Neely, Barbara Lewis Organizations: Ryanair, Company, Europe's, International Eleftherios, REUTERS, Ryanair DAC, Thomson Locations: Italy, Sicily, ROME, Athens, Greece, Sardinia

REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTNEW YORK, Sept 20 (Reuters) - Oil prices eased on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when rates will peak and how that will affect energy demand. WTI crude futures for November , which will soon be the U.S. front-month, was up about 18 cents to $90.30. Investors were awaiting the Fed's interest rate decision at 2:00 p.m. EDT (1800 GMT) to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates steady, but the focus will be on its projected policy path. Interest rate hikes to tame inflation can slow economic growth and reduce oil demand.

Persons: Pedro Nunes, Brent, WTI, Edward Moya, refiners, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Nicole Jao, Kim Coghill, Jason Neely, Louise Heavens, David Gregorio Our Organizations: REUTERS, U.S, U.S . Energy Information Administration, . West Texas, U.S . Energy, Administration, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, WTI, ., Japan, London, Tokyo, Singapore, New York

☆ Oil falls ahead of Fed rate decision
▼ + stars: | 2023-09-20 | by ( Robert Harvey | ) www.reuters.com time to read: +3 min

REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTLONDON, Sept 20 (Reuters) - Oil prices fell on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Investors are awaiting the Fed's interest rate decision at 1800 GMT on Wednesday to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates on hold, but the focus will be on its projected policy path, which is unclear. Prices fell despite U.S. crude oil stockpiles falling last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Goldman Sachs said it expects the Bank of England to keep interest rates unchanged on Thursday as a result of the fall.

Persons: Pedro Nunes, Edward Moya, Tamas Varga, Brent, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Kim Coghill, Jason Neely, Louise Heavens Organizations: REUTERS, U.S, Brent, . U.S . West Texas, American Petroleum Institute, bbl, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, ., London, Tokyo, Singapore

Omar Abbosh, chief strategy officer at Accenture, speaks during the annual Cyberweek conference at Tel Aviv University, Israel June 20, 2016. Abbosh, 57, will take over the reins early in 2024 from Bird, 59, whose strategy of selling directly to consumers helped Pearson out of a tumultuous few years during the pandemic. Shares in Pearson were down 5.2% at 838 pence in morning trading in London. Bird sought to sharpen Pearson's focus to selling directly to consumers and away from traditional educational outlets as the pandemic boosted demand for online learning. Pearson would compensate Abbosh for leaving Microsoft, including cash and an award of restricted shares equivalent to a maximum of 50,813 Microsoft shares or about 13 million pounds ($16.06 million) at the current price and foreign exchange rates, it said.

Persons: Omar Abbosh, Amir Cohen, Bird, Pearson, Andy Bird, Abbosh, it’s, Hargreaves, Sophie Lund, Yates, Yadarisa Shabong, Eva Mathews, Janane Venkatraman, Jason Neely, Bernadette Baum Organizations: Accenture, Tel Aviv University, Israel, REUTERS, Microsoft, Pearson, Apollo, Microsoft's Industry Solutions, Walt Disney Co, British, Thomson Locations: Abbosh, Bird, London, Bengaluru

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Earlier, it hit a session peak of $95.96 a barrel, their highest since November. U.S. West Texas Intermediate crude futures dropped 28 cents to $91.20 after earlier reaching $93.74 a barrel, also the highest since November. After Brent topped $95 a barrel on Tuesday, investment bank UBS said in a note it started taking profits. Industry data on Tuesday showed U.S. crude oil stockpiles fell last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Nick Oxford, Brent, Analysts, Amin Nasser, Prince Abdulaziz bin Salman, Stephanie Kelly, Andrew Hayley, Paul Carsten, Kirsten Donovan, Jason Neely, David Goodman, David Gregorio, Jan Harvey Organizations: Midland , Texas U.S, REUTERS, Brent, . West Texas, UBS, Reuters, U.S . Energy, Administration, American Petroleum Institute, Nasdaq, U.S, Thomson Locations: Midland , Texas, U.S, Saudi Arabia, Russia, Saudi Aramco, Saudi, OPEC, Britain, Japan, Sweden, Switzerland, Norway, U.S . Federal, New York, Beijing

REUTERS/Toru Hanai Acquire Licensing RightsTOKYO, Sept 16 (Reuters) - Japan's Mitsui (8031.T) said on Saturday it is committed to complying with restrictions in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 liquefied natural gas project in which it holds a stake. However, a Japan government source said they could complicate how Mitsui and another Japanese shareholder JOGMEC provide support for the project and could also delay production from Arctic LNG 2. The Arctic LNG 2 project in Russia's Arctic is operated by Russian company Novatek (NVTK.MM) while Mitsui and fellow Japanese firm JOGMEC hold a combined 10% stake. Novatek plans to launch first production train at the Arctic LNG 2 project towards the end of the year. The Arctic LNG 2 project is designed to run three production lines with an annual production capacity of 19.8 million tons.

Persons: Toru Hanai, Mitsui, JOGMEC, Novatek, Katya Golubkova, Jason Neely Organizations: Mitsui & Co, REUTERS, Rights, Japan's Mitsui, Reuters, Mitsui, Thomson Locations: Tokyo, Japan, UAE, Russian, Yamal, Ukraine, Moscow, Russia

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