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Shell acquires Egypt's offshore Block 3 - statement

CAIRO, May 18 (Reuters) - A subsidiary of Shell plc, BG International, signed a farm out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated (XOM.N) North East El-Amriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday. "On...
ENERGY INDUSTRY
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London stocks swept up in global sell-off on economic slowdown fears

May 19 (Reuters) - UK's FTSE 100 fell on Thursday as investors globally fretted over the broadening impact of inflation on economic growth, while Royal Mail slid after reporting disappointing results. The blue-chip index (.FTSE) dropped 0.7% by 0707 GMT, as Asian and European markets were hammered by a bruising...
BUSINESS
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Tracking David Einhorn's Greenlight Capital Portfolio - Q1 2022 Update

David Einhorn's 13F stock portfolio value decreased from $1.75B to $1.57B this quarter. Greenlight increased Chemours, Warner Bros. Discovery, Resideo, LivaNova, Kyndryl, and PLBY while dropping Jack in the Box and EchoStar. They also added Southwestern Energy, Weatherford plc, International Seaways, and TD. The largest three positions are at ~41%...
STOCKS
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Nature.com

Response comparison of PLC and SLC with magnetic resonance elastography after TACE

The aim of this study was to detect a response difference in primary (PLC) and secondary liver tumors (SLC) with magnetic resonance elastography (MRE) after TACE therapy. Thirty-one patients (25/31 male; mean age 69.6Â years [range: 39"“85Â years]) with repeated TACE therapy of HCC were compared with twenty-seven patients (27/27 female; mean age 61.2Â years [range 39"“81Â years]) with repeated TACE therapy of metastatic liver disease due to breast cancer. Both groups underwent either one (n"‰="‰31) or two (n"‰="‰27) repetitive magnetic resonance imaging (MRI) and MRE exams in 4- to 6-week intervals using a 1.5-T-scanner. MRE-based liver stiffness and size measurements were evaluated in tumorous lesions and in healthy liver lobe controls. PLC showed a significantly larger tumor size compared to SLC (26.4 cm2 vs. 11 cm2, p"‰="‰0.007) and a higher degree of stiffness (5.8Â kPa vs. 5.1Â kPa, p"‰="‰0.04). Both tumors decreased in size during the cycles (PLC: p"‰="‰0.8 and SLC: p"‰<"‰0.0001) and lesions showed an increase in stiffness (PLC: p"‰="‰0.002 and SLC: p"‰="‰0.006). MRE demonstrates that PLC and SLC have similar responses to TACE therapy. PLC had a greater increase in stiffness and SLC got smaller. An increasing stiffness and decrease in size could show a good response.

Sri Lanka shares close lower as industrials lose ground

May 18 (Reuters) - Sri Lanka shares snapped four sessions of gains and settled lower on Wednesday, dragged by losses in industrial stocks amid the country’s worst economic crisis, with the energy minister saying the island nation had run out of money to pay for fuel. * The CSE...
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BBC

Businessman Sir Angus Grossart dies aged 85

Leading Scottish businessman Sir Angus Grossart CBE has died aged 85 after a short illness. Noble Grossart bank confirmed its chief executive died peacefully at home on Friday with his family by his side. Sir Angus jointly founded the merchant bank in 1969 and served as a director of several...
ECONOMY

StanChart Kenya Q1 2022 pretax profit up 16%

NAIROBI, May 18 (Reuters) - Standard Chartered Bank Kenya posted a 16% rise in pretax profit to 3.93 billion shillings ($33.81 million)in the first quarter of this year, helped by rising interest income and a drop in loan impairments. The lender, which is controlled by Standard Chartered Plc , said...
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