Britain’s banks will face an annual bill of as much as £6 billion ($9.5 billion) to comply with the reforms of the Vickers Commission, according to the panel’s final report, published on Monday. The FT reports.
A marketing initiative with Shell will encourage use of natural gas as a transportation fuel, Westport CEO David Demers told Cramer.
Oil companies are understood to be preparing to move back into the North African country, which used to pump 1.6 million barrels per day before the uprising against Muammar Gaddafi's government began six months ago.
"The oil spill is not affecting Royal Dutch Shell much at all. It is just down by the amount you would expect with the FTSE down 0.7-0.8 percent," Simon Denham, chief executive at Capital Spreads, told CNBC.
The week's top business news and investment advice, including debt bets and commodities plays.
Stocks reversed course in the final hour of trading to end lower Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
Stocks declined in the final hour of trading Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
Stocks added to gains Thursday, led by techs, after a handful of positive economic news and ahead of a key vote on a bill to cut the U.S. deficit in Congress.
Futures gained Thursday after weekly jobless claims fell more than expected, but investors continue remain on edge ahead of a key vote on a bill to cut the U.S. deficit in Congress.
The debt feud will likely continue to take its toll on markets Thursday, as the deadline to raise the debt ceiling closes in and lawmakers are still far apart.
As the price of crude oil has surged in the last year, several big oil stocks have followed suit. The next quarter will likely deliver good news again for these stocks, said one analyst—but another suggested examining how companies react to oil's rise before investing in them.
By some estimates, shale gas reserves in China could be bigger than those in the U.S. and Royal Dutch Shell hopes to be a major player in the market.
BP's profits for the second quarter of 2011 disappointed Tuesday after cuts in production stemming from last year's Deepwater Horizon accident.
In the current difficult market, investors should "have faith" in large-cap value stocks, Templeton Global Balanced Fund portfolio manager Lisa Myers told CNBC Wednesday.
Cramer makes the call on viewers' favorite stocks.
As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
BP's attempt to gain a foothold in Russia's offshore Arctic oil fields through a deal with state-controlled Rosneft finally collapsed on Tuesday.
Everything must be on the table as the U.S. Congress works to cut the deficit, including Medicare, Social Security and entitlements
ConocoPhillips Chief Executive James Mulva said cutting subsidies to the five biggest U.S. oil companies is discriminatory, will keep prices up and hinder job growth.