ConocoPhillips (COP.N) expects free cash flow (FCF) to grow over the next decade, with its reinvestment rate remaining structurally low.

Fed official Hammack said monetary policy needs to move to a restrictive stance and he favors frequent, small interest-rate adjustments, arguing gradual hikes cause less disruption to the economy and financial system. He said inflation remains too high and is moving in the wrong direction. Hammack said the Fed has earned credibility through its actions and that central-bank independence is critical to bring inflation back to 2%. He added the dollar remains the world’s primary reserve currency, underpinned by US institutions and legal framework, and it is hard to imagine it losing that role.

Mitsubishi Chemical Group said on the 5th it will continue operating parts of a carbon materials business it had previously planned to exit. To secure performance of carbon-fiber products for data-center cooling amid rising demand, the company will change raw-material procurement methods and keep producing two carbon-material products that had been scheduled for discontinuation.