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ConocoPhillips Posts Loss, Cuts Capex Again
2015-01-29 14:53:50| Oil & Gas - Topix.net
ConocoPhillips , the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices. ConocoPhillips, which previously announced plans to cut 2015 spending by 20 percent in December, said it now expects to spend $11.5 billion, down from a prior projection of $13.5 billion.
Tags: posts
loss
cuts
conocophillips
Nippon Steel & Sumitomo Metal cuts profit outlook
2015-01-29 08:28:31| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp. said Thursday that it cut its net profit forecast for this fiscal year, citing a Y68.6 billion extraordinary loss at an affiliate in Brazil. The Japanese steelmaker lowered its net profit view for the year ending March 31 by Y70 billion to Y180 billion.
Tags: metal
profit
steel
outlook
Shell Resumes Arctic Drilling But Cuts $15B from Global Investment
2015-01-29 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: Royal Dutch Shell is reviving plans to drill for oil in the Arctic in a move likely to intensify its battle with environmentalists. The Anglo-Dutch giant's chief executive Ben van Beurden accepted that Arctic drilling "divides society", but said the world needs new sources of oil. Greenpeace said Shell was taking a "massive risk" in a "pristine" region. Shell also announced a $15bn (9.9bn) cut in global spending, and profit figures that disappointed investors. The cut in investment -...
Tags: global
investment
shell
cuts
Cenovus Energy deepens 2015 budget cuts as oil prices dive
2015-01-28 20:00:11| Oil & Gas - Topix.net
Cenovus Energy Inc Canada's No. 2 independent oil producer, cut its 2015 capital budget by C$700 million on Wednesday, blaming plunging crude oil prices.
Tags: prices
energy
oil
budget
As mortgage rates begin to decline, brokers predict more cuts on the horizon
2015-01-27 21:23:16| Real Estate - Topix.net
Mortgage brokers say Canadian banks have started cutting some of the rates they offer their most trusted borrowers, and they could come down even further as the spring real estate market gets into full swing. Robert McLister, the founder of RateSpy.com, says Canada's biggest banks are now offering five-year fixed rate mortgages at an estimated 2.84 per cent to their most qualified borrowers.
Tags: the
rates
begin
mortgage
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