Pembina Pipeline cuts capital spending plan by up to $1.1 billion

Pembina Pipeline Corp. is cutting its capital spending plan for this year by up to $1.1 billion due to the COVID-19 pandemic and the plunge in oil prices. The company now expects its revised 2020 capital budget to between $1.2 billion and $1.4 billion. The compared with an earlier plan…

Trump shock: Why Nancy Pelosi could be poised to REPLACE US President

One of the precautions announced by President Donald Trump this week was to avoid gatherings of over ten people and elections often require more than this number to be in one place. Mr Trump and his two potential Democratic rivals Joe Biden and Bernie Sanders have all cancelled large rallies….

BlackRock stands by climate priorities, sees tougher shareholder votes

BOSTON/LONDON (Reuters) – BlackRock Inc executives who set the asset manager’s influential proxy votes on Tuesday outlined tougher priorities tied to climate change and executive pay for the upcoming corporate annual meeting season. The comments fleshed out details about how the $7 trillion asset manager would cast its shareholder votes…

Stocks, oil sliding again in 'irrevocably changed' markets

LONDON/TOKYO (Reuters) – Global stocks stumbled back into the red on Wednesday with Wall Street futures pointing to more losses ahead as fears over the coronavirus fallout eclipsed large-scale support measures rolled out by policymakers around the globe. Some traditional safe-haven assets such as gold were also under pressure as…