• Feb 12, 2025

Best stocks and shares Isas

Stocks and shares Isas give you the opportunity to grow your money on the stock market and shelter your gains from capital gains, dividend and income taxes.

  • Feb 12, 2025

Exxon seeks permit for its eighth oil, gas project in Guyana as output rises

A consortium led by Exxon Mobil has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production, and to explore another well at its massive offshore block, the head of the U.S. oil major in Guyana said on Wednesday. Exxon plans to boost output capacity this year to 940,000 barrels per day (bpd) versus the 616,000 bpd it produced in 2024 after upgrades at two of its three floating oil facilities and the arrival of a fourth vessel, Alistair Routledge, president of Exxon Guyana, said at a press conference.

  • Feb 12, 2025

US inflation jump puts Fed officials on notice as Powell testifies

Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives and the public that they may be waiting longer than they had thought for relief from high interest rates, with price pressures persisting and broad uncertainty about the impact of Trump administration policies. Just before Fed Chair Jerome Powell began a second day of hearings on Capitol Hill, new data showed consumer prices jumped in January at a 3% annual rate, accelerating now for four months straight and driven higher by shelter, food and gas prices that feed heavily into consumer expectations. It was noticed in the White House, where President Donald Trump, who campaigned on promises to lower prices once in power, emphasized it shouldn't be put on his ledger.