(Reuters) -The U.S. sent letters to Enterprise Products and Energy Transfer on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane at a port in China without authorization, according to a person familiar with the matter and copy of one letter. The letters from the U.S. Department of Commerce follow...

01:16 PM EDT, 06/25/2025 (MT Newswires) -- Consumer stocks were lower Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%. In corporate news, Tesla's (TSLA) new car sales in Europe dropped almost 28% in May from a year earlier, even as total battery electric vehicle...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

01:18 PM EDT, 06/25/2025 (MT Newswires) -- (Updates with BP's reply to a request for comment in the last paragraph.) Shell (SHEL) denied a report by The Wall Street Journal that it is in early talks to acquire BP (BP), Bloomberg reported Wednesday, citing a Shell spokesperson. This is further market speculation, the spokesperson said, according to Bloomberg. No talks...