BP Says Oil Demand May Have Already Peaked. Why That’s Not Bad News For Investors.

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Text size Agence France-Presse/Getty Images BP projected Monday that global oil demand may have already peaked, marking the latest development in the supermajor’s strategy to transition away from fossil fuels to renewable energy. BP shares fell 2.1{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} in London trading and its stock is down 46{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} year-to-date, similar to other […]

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UBS Chairman Is Said to Mull Merger With Credit Suisse

Shares of UBS  (UBS) – Get Report and Credit Suisse  (CS) – Get Report rose on Monday after a media report said UBS Chairman Axel Weber was examining the possibility of a merger between the two Swiss banking giants. The coronavirus pandemic and low or negative interest rates have buffeted banks around […]