Switzerland Is Ready to Make More Attractive Trade Offer to US
'Switzerland enters this new phase ready to present a more attractive offer, taking US concerns into account and seeking to ease the current tariff situation,' it said in a statement on Monday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
ARC Resources Ltd (AETUF) Q2 2025 Earnings Call Highlights: Strong Production Growth Amid ...
Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points ARC Resources Ltd (AETUF) reported an 8% year-over-year increase in production, averaging approximately 357,000 BOE per day. The company generated $186 million of free funds flow, which was returned to shareholders through dividends and share buybacks. ARC Resources Ltd (AETUF) successfully closed the acquisition of assets from Stratna, extending their inventory duration cap to 15 years. The company realized natural gas prices above local benchmarks by utilizing its transportation portfolio to reach more attractive markets in the US. ARC Resources Ltd (AETUF) plans to invest $50 million towards phase two development at Atachi, indicating confidence in long-term profitability. Negative Points Production at Atachi was lower than forecast due to unplanned third-party downtime and production emulsion issues. The company had to curtail between 75 to 200 million cubic feet per day of natural gas production due to low natural gas prices. Operating cost guidance increased by $0.50 per BOE, driven by higher water handling costs and lower volumes from shut-ins. The integration of new assets and optimization of operational costs remain ongoing challenges. ARC Resources Ltd (AETUF) faces volatility in Western Canadian natural gas prices, which are expected to remain low until later in the year. Q & A Highlights Q: Can you elaborate on the early results from the pad trialing wider spacing and more intense completion? What sort of incremental capital is required for this? A: (Armin, COO) It's challenging to quantify as increasing interval spacing requires fewer wells, but some capital savings are redirected to fracking. Overall, it remains effectively neutral by reallocating capital from drilling to fracking. Q: Do you agree that heavy August pipeline maintenance is restricting gas egress and affecting prices? How does this relate to the LNG Canada ramp-up? A: (Ryan Barrett, SVP Marketing) Yes, pipeline maintenance is contributing to low prices. Regarding LNG Canada, it is progressing in line with expectations, possibly slightly ahead compared to Gulf Coast projects. We anticipate price recovery by September or October. Q: From a philosophical perspective, how do you balance share buybacks with consistent dividend growth? A: (Chris Dibby, CFO) While we favor share buybacks, dividends are core to shareholder returns. We aim for an annual dividend increase, targeting a payout ratio of around 15% of cash flow. This balance ensures cash returns to shareholders while retiring shares and growing the asset base. Q: Can you break down the increase in operating costs and whether water handling costs are transitory or structural? A: (Armin, COO) The increase is due to Sunrise shut-ins, new asset integration, and operational factors in the Aqua field. The impact is roughly divided into thirds among these factors. Some costs are temporary, and we plan to optimize and reduce them over time. Q: How do you plan to spread Attache Phase 2 CapEx across 2026 and 2027? A: (Chris Dibby, CFO) It's early to specify, but using Phase 1 as a reference, we spent $350 million in the first year and $450 million in the second. We expect a similar distribution for Phase 2, focusing on efficient and safe project execution. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 minutes ago
- Yahoo
Tyson Foods hasn't seen 'material' impact from Trump tariffs as consumer protein push lifts results
Tyson Foods (TSN) reported results Monday that were better than expected for its fiscal third quarter. A consumer focus on protein and a lack of immediate impact from President Trump's tariff policies boosted results. "Consumers are prioritizing protein ... over other foods, but they're also prioritizing food as essential versus the non-essential things like apparel, ... bigger ticket items," Tyson Foods CEO Donnie King said. As far as the impact of President Trump's tariffs, King said, "I would not call anything we've seen from tariffs today, not only beef, but in pork, chicken. I don't see a material impact from that at this point." In the quarter, Tyson reported sales grew 4% to $13.88 billion, topping forecasts for revenue to tally $13.55 billion, according to Bloomberg data. Adjusted earnings per share were $0.91 in the quarter, ahead of forecasts for $0.78. The company also said its sales for its fiscal year 2025, which wraps up during the current quarter, will rise 2% to 3% from last year, better than its previous outlook for sales to be flat to up 1%. Tyson Foods stock rose about 3% following the results on Monday. Year to date, the stock remains down over 5%, trailing the S&P 500's roughly 7.5% gain. Read more: Live coverage of corporate earnings Chicken was the company's strongest category during the quarter, with volumes rising 2.4% alongside an average price increase of 1.1%. Consumers leaned into frozen items like Tyson Simple Ingredient nuggets, which have higher protein. Tyson's fresh chicken business grew volume by 2.3%. Tyson now expects its chicken segment to post operating income of $1.3 billion to $1.4 billion for the year, up from the previously expected range of $1 billion to $1.3 billion. "Our chicken business is obviously running a lot better than it has," King said. "This has been a multiyear journey, but it's running more efficiently." King said the company is also seeing the benefit from the closure of four chicken plants two years ago. Its pork business is having a moment too. Volume for that segment grew 1.5% against forecasts for a 2.3% decline. Pork delivered its strongest third quarter adjusted operating income for the company in four years. All the momentum offset a more challenging quarter for its beef business. The average price for beef increased 10%, higher than the 7.3% jump expected. Volumes declined 3.1%, more than the 2% expected, as the tightened cattle supply made fewer available for Tyson to buy and drove costs higher. Still, King said its beef consumer "has been very resilient" in the face of higher prices. For ranchers, higher beef prices have been good news, according to Texas A&M professor David Anderson, as these prices reverse the situation "for ranchers who have dealt with low prices, high costs, and drought in recent years." Fewer imports from Mexico have hit the US cattle supply, however, creating another challenge for Tyson. "I expect the tariff and retaliatory tariffs from China have introduced more struggles in [the ranchers'] business," Anderson said. "I should say it's not just high prices but fewer cattle that make it hard to get enough cattle to operate." Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
21 minutes ago
- Washington Post
In his own words: Trump's comments over the past year on the jobs report
WASHINGTON — In firing the head of the agency that produces monthly jobs figures, President Donald Trump alleged that the recent weaker-than-expected numbers were phony and that positive numbers reported before the 2024 election were manipulated to make him look bad. It's a familiar cadence Trump has adopted in reacting to jobs reports: He treats the figures as legitimate when they are favorable to him and fraudulent when they are less than stellar or seem to benefit his opponent.
