Sahal Muhammed

3 weeks ago | today.westlaw.com | Vallari Srivastava |Sahal Muhammed |Krishna Eluri

(Reuters) -NRG Energy said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion, as the U.S. utility bets on surging electricity demand, sending its shares up more than...

1 month ago | gurutrade.com | Ateeq Shariff |Sahal Muhammed

May 1 (Reuters) - Stock markets in the Gulf ended mixed on Thursday amid falling oil prices and weaker-than-expected U.S. GDP data. The U.S. economy contracted in the first quarter, largely because of a surge in imports as businesses sought to avoid expected tariffs. Risks are high that U.S. President Donald Trump's tariff policies could push the global economy into a recession this year, a Reuters poll found on Monday.

1 month ago | gurutrade.com | Anmol Choubey |Shailesh Kuber |Sahal Muhammed

Gold hits record high of $3,245.42 Goldman Sachs raises end-2025 gold price forecast to $3,700/oz U.S. dollar hits 3-year low April 14 (Reuters) - Gold prices fell from a record high on Monday after U.S. President Donald Trump excluded smartphones and computers from his reciprocal tariffs, although uncertainty around tariff plans kept prices above the significant $3,200 per ounce level. Spot gold fell 0.9% to $3,207.39 an ounce, as of 1040 GMT.

2 months ago | gurutrade.com | Tanay Dhumal |Sahal Muhammed

March 31 (Reuters) - Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had forecast a five-year capital plan of about $56 billion, a 16% increase from its prior plan, with over 90% of projected capital expenditures focused on regulated utility investments in Texas and California.