Shell Maintains Pace of Buybacks as Profit Beats Estimates
Shell Plc kept up the pace of share buybacks as first-quarter profit dropped less than expected, maintaining the focus on shareholder returns that has become a hallmark of the oil majors.
Shell Plc kept up the pace of share buybacks as first-quarter profit dropped less than expected, maintaining the focus on shareholder returns that has become a hallmark of the oil majors.
Oil erased some of its losses after plunging Wednesday on a big jump in US crude inventories that added to concerns about weakening demand.
The world’s economic outlook is perking up as growth proves more resilient and inflation is set to cool faster than previously expected in many countries, the OECD said.
Banks’ record demand for cash from the Bank of England may lead policy makers to ease financial conditions through the bond market within months, according to analysts.
Britain will grow more slowly next year than any other major advanced economy as stealth taxes and high interest rates squeeze the economy, the latest forecasts from the OECD show.
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