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Woodside holds on to stake in Senegal oil field as FAR challenge fails
(Reuters) – ConocoPhillips’ <COP.N> sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum <WPL.AX> has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd <FAR.AX>. Woodside and FAR said on Friday an International Chamber of Commerce panel had ruled that FAR did […]
U.S. employment report expected to show strength before coronavirus spread
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve. Though the Labor Department’s closely watched monthly employment […]
South Korea to draw up second extra budget, give cash payments to many families as virus relief
SEOUL (Reuters) – South Korea’s President Moon Jae-in said on Monday that the government will provide emergency cash payments to many families and draw up a second supplementary budget soon to ease the economic impact of the coronavirus outbreak. The cash payments will be made to all households except the top 30% by income. The […]