• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Markets
  3. / China

Royal Dutch Shell Abandons Oil Exploration in the Arctic

And four other things you need to know now.
By ANTONIA OPRITA Sep 28, 2015 | 05:30 AM EDT
Stocks quotes in this article: RDS.A, VOD, LBTYA

  • Royal Dutch Shell (RDS.A) has abandoned its exploration in the Arctic, off the coast of Alaska, which had been hotly contested, because of the collapse in oil prices. The company is preparing for billions of dollars in writedowns, the Financial Times reports.  
  • Saudi Arabia has withdrawn tens of billions in funds from asset managers around the globe in order to make up for the fall in oil prices and cut exposure to volatile equities markets.
  • Chinese industrial profits posted the biggest drop since 2011 in August, when costs kept rising but prices kept falling. During August, profits of industrial companies dropped 8.8% from a year earlier, the biggest one-year fall since the National Bureau of Statistics began monitoring such data in 2011. For the first eight months of 2015, profits were down 1.9% from a year earlier.
  • U.K.-based mobile telephony giant Vodafone (VOD) ended talks with Liberty Global (LBTYA) regarding a possible exchange of selected assets between the two companies. Vodafone had confirmed in June the two companies were discussing the asset swap.
  • Separatists won the majority of votes in elections in the rich Spanish region of Catalonia, which have largely been presented as a vote on independence.  However, it is unclear whether this is enough to help the separatists break away from Spain and adds to uncertainty ahead of general elections in December.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing | Global Equity | China | Markets

More from China

China Sets 6% Growth Target, Cracks Down on Hong Kong

Alex Frew McMillan
Mar 5, 2021 7:55 AM EST

Hong Kong's electoral system needs re-education, according to Beijing's bigwigs, to include only officials loyal to Communist China.

China's Rubber-Stamp Congress Set to Kick Off

Alex Frew McMillan
Mar 3, 2021 7:45 AM EST

Cracking down on Hong Kong and outlining plans for future growth are two key items on the agenda in Beijing.

Hong Kong Charges 47 Politicians for Taking Part in Politics

Alex Frew McMillan
Mar 1, 2021 7:00 AM EST

In a Kafkaesque move, the Hong Kong authorities charged would-be members of Congress with subversion, for attempting to get elected to Congress.

I Got the 'SOS', So Here's My Take on the Stock's Saga

Timothy Collins
Feb 28, 2021 6:35 PM EST

Let's try to sort out the details of the complicated story of SOS Ltd. -- and why the short reports might be ... selling you short.

I'm Intrigued by the Recent Pullback in Aurora Mobile

Timothy Collins
Feb 26, 2021 3:30 PM EST

While the Chinese company is still not profitable, it is cash flow positive.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:38 AM EST GARY BERMAN

    The INDU and DIA

    FIBOCALL: The INDU index and the DIA The INDU ...
  • 10:44 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    "The Challenge of Short-Selling"
  • 08:40 AM EST PAUL PRICE

    Recent Pick SpartanNash (SPTN) Raised Its Quarterly Payout by 3.9%

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login