Dec 12 (Reuters) - Canada's Cenovus Energy ( CVE ) forecast higher capital expenditure in 2025 on Thursday, anticipating an increase in power demand. The company expects its expenses to be between C$4.6 billion ($3.25 billion) and C$5 billion in 2025, compared with the estimated spending of C$4.5 billion to C$5 billion in 2024. ($1 = 1.4141 Canadian dollars) ...

BEIJING, Dec 12 (Reuters) - Nvidia ( NVDA ) said recent social media posts alleging the company would cut supplies to China were false, according to a company post on Chinese social media. Nvidia ( NVDA ) said that China was an important market and it would continue to provide high-quality products and services to Chinese customers. ...

ESMERALDAS/SANTO DOMINGO, Ecuador (Reuters) - Organized crime groups in Ecuador are increasingly stealing fuel from state-run oil company Petroecuador to support drug trafficking operations, resulting in hundreds of millions in lost income for the country's top industry, the company and officials said. Criminals steal gasoline, diesel and other fuel by tapping state-owned fuel pipelines for use in making cocaine and...

BEIJING, Dec 12 (Reuters) - The CEO of China's Ji Yue Auto was surrounded by people demanding to know how they would be paid, videos posted online on Thursday showed, a day after the EV maker said it would streamline operations to cope with fierce market competition. The Baidu Inc ( BIDU ) and Geely joint venture said on Wednesday...