Mergers and acquisitions are the hottest theme in the oil industry today. British oil giant BP is looking at an acquisition too, the company revealed on Tuesday after reporting first quarter earnings. Asked by an analyst on the earnings call whether it would join peers in adding more oil capacity, BP CEO Murray Auchincloss said that the company wasn’t planning to go in that direction.
Chinh the moon bear is now focused on relaxation and rehabilitation at FOUR PAWS' sanctuary in Vietnam
Emmerdale fans are growing suspicious that characters Ruby and Rose could be more than just friends as their alliance was revealed, and believe they could be related
Young orcas are likely following a new ‘fad’ that they have picked up from peers, marine biologist says
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The increase of AI investment has continued to boost optimism over Nvidia's growth as the chipmaker continues its record-setting stock rally.
Analysis of real-world data suggests annual cost of fuelling PHEVs is nearly double manufacturers’ claims
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The pound held close to multi-month highs versus the euro and hit a fresh two-month high against the dollar as expectations for Bank of England (BoE) rate cuts and growing investor risk appetite supported the British currency. Investors are awaiting key inflation data from major economies this week that could offer clues on the global interest rate outlook. German inflation figures will be released on Wednesday and the wider euro zone's reading on Friday, along with the U.S. core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation.
Our Foolish freelancers are putting their money where their mouths are and buying these stocks in recent weeks. The post 8 stocks that Fools have been buying! appeared first on The Motley Fool UK.
Flooding is likely in some areas this afternoon
The state pension will never be taxed under the Conservatives, Rishi Sunak will declare on Tuesday.
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The BP share price has fallen from its peaks once again, and infamous investor Michael Burry may have spotted an opportunity. The post Here’s what Michael Burry did as the BP share price dipped! appeared first on The Motley Fool UK.
The BT share price has been sliding for years. But after the latest set of results, it looks like the rot might finally have stopped. The post Where will the BT share price go in the next 12 months? Here’s what the experts say appeared first on The Motley Fool UK.
STORY: Shoppers are no longer flocking to buy cheap imports from this once-bustling town on Paraguay's border with Argentina. For years, the weak peso kept prices low for fuel, medicine and groceries, all smuggled across the frontier.But with a rare mix of Argentina’s near 300% inflation and a propped-up peso under libertarian President Javier Milei, Nanawa has become a ghost town.Supermarket employee Raquel Alvarenga has seen it first-hand. "It's been quite damaging, sales have dropped by 50%."Other shopkeepers estimate plunges between 60 and 80% since Milei took office in December...when the Argentine president sharply devalued the official peso currency and ushered in austerity. Since then the peso has been allowed to depreciate just 2% per month. Monthly inflation, while slowing, has been some 10 to 20%. That's meant prices in dollar terms have soared. Tourists and exporters are feeling the pinch.In September, a kilo of beef cost around 2,800 pesos on average, or $3.70 at freely accessible parallel exchange rates – much cheaper than the $7 at Uruguay’s Montevideo or Chile’s Santiago.Data from April shows Argentine beef prices around 6,500 pesos – nearly $7 – largely erasing the cost advantage. Border towns in Paraguay, Chile and elsewhere have seen lower local demand for Argentina imports.Some are cheering the shifting trend, which has also meant fewer locals making day trips to Argentina to look for bargains.Back in Nanawa, supermarket employee Alvarenga says she’s adjusting to the lack of shoppers.“There are quite a few changes because there used to be a lot of traffic at this time and now there is no more. Before we had to serve people outside because we couldn't fit everyone in the store. Now we have time to drink (tea).”
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