By Reuters Staff
April 30 (Reuters) - Chief Financial Officer Of Spain’s Sabadell, Leopoldo Alvear: SAYS PROFITABILITY IN SPAIN IS SET TO ACCELERATE IN COMING QUARTERS Source text for Eikon: Further company coverage: (Reporting By Madrid Newsroom)
Spain will continue with expansive measures to support the economy and post higher budget deficits than dictated by EU fiscal rules through 2024, the budget minister said on Friday as she raised this year's deficit target to 8.4% of GDP.
The Australian and New Zealand dollars were poised for another week of gains on Friday, led by strength in commodity prices with iron ore rallying more than 30% in the past month and copper at decade highs.
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HOUSTON, April 30 (Reuters) - Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year.
Oil companies are generally enjoying a recovery in energy prices, up at least a third this year, after the pandemic hammered demand at the start of 2020. Chevron and its peers slashed spending, paving the way for several firms to post sharply better results.
But as European rivals topped forecasts, Chevron’s earnings declined on winter storm production losses, weaker margins and the absence of asset and tax items that benefited year-ago profit.