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    Reuters

    Walgreens shares fall after losing spot in blue-chip Dow index

    The replacement comes less than two months after Walgreens nearly halved its dividend payout to conserve cash as it seeks to win back market share from rivals and expand beyond its pharmacies. Walgreens joined the Dow in 2018, replacing industrial conglomerate General Electric and becoming one of the five healthcare companies on the elite 30-consituent index.

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    Business
    Bloomberg

    India Regulator Finds $241 Million Accounting Issue at Zee

    (Bloomberg) -- Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsPlay VideoUS Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearUS Stock Futures Slip Ahead of Fed Minutes, Nvidia: Markets WrapFollow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.India’s market regulator has found a hole of more than $240

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    Business
    Reuters

    Tumbling US natural gas prices prove unstoppable, hurting producers

    For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. In the oil versus gas contest, gas producers are losing out. Natural gas prices this month fell to an inflation-adjusted 30-year low of $1.59 per thousand cubic feet, benefiting consumers of the fuel like utilities, but hurting producers who are selling at nominal prices as low as they were in the depths of the COVID-19 downturn.

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    Business
    Reuters

    Analysis-Trans Mountain expansion may not give long-term price relief to Canada's booming oil output

    Canadian oil producers expect the discount on their crude to shrink significantly when the Trans Mountain pipeline expansion (TMX) starts this year, but the relief may be short-lived as surging supply looks set to exceed the country's pipeline capacity in just a few years. TMX will ship an extra 590,000 barrels per day (bpd) of crude, trebling existing capacity to Canada's Pacific Coast once the C$30.9 billion ($22.8 billion) expansion is finally complete. For much of the last decade, oil companies in the world's No. 4 producing country have been forced to sell their barrels at a deep discount to global prices due to lack of pipeline capacity to export crude.