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.
Stock futures traded mixed on Thursday and Treasury yields edged lower after Federal Reserve Chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump hinted at intervention.
The Reserve Bank of India will likely delay cutting interest rates until the final quarter of the year, the latest Bloomberg survey shows, as inflation risks rise and the US Federal Reserve keeps rates on hold for longer.
South Korea’s regulators issued guidelines on how companies can increase shareholder returns and improve corporate governance, taking another step toward boosting depressed valuations in the nation’s $1.8 trillion stock market.
The Hong Kong Monetary Authority followed the Federal Reserve in holding its base rate as US officials signaled fresh concerns about inflation.
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