J&F has already received several non-binding offers from investors including large miners, private equity funds, traders and steel mills, according to one of the people, who asked to not be named discussing private matters. It expects to close the transaction in the first quarter of 2026, the person added.
Renewable output has an increasingly strong influence on both long-term and short-term power prices, and when generation dips, coal- and gas-fired plants fill the gap. Birnbaum said he favored scaling back Germany’s renewable build-out targets, saying that power demand in Europe has been flat for years, in contrast with earlier projections tied to electrification.
While the consultant is set to review most of the OPEC+ coalition’s 22 members, an Indian firm will be selected for Russia and Venezuela, delegates said. Iran opted for the option of having the average of its production in August, September and October be used as its baseline, a delegate said.
“These are not your father’s and mother’s utility stocks,” said Mark Malek, chief investment officer at Muriel Siebert & Co. “People are starting to question, ‘Can these companies scale as fast as they want to, are they throwing capital at these projects that’ll never get done?’”
SEBI’s temporary trading ban on global trading firm Jane Street is rippling through India’s capital markets, not just by denting expiry day turnover at the NSE, but also by pulling down the exchange’s private market valuation. According to UnlistedZone, NSE shares are now trading between 2,100 rupees and 2,150 rupees apiece, nearly 10% below recent […]
Deployment of batteries in vehicles and to support power grids is delivering reductions in emissions in transport and energy, two sectors that are crucial to the prospects of the world meeting net zero goals, according to BloombergNEF. Even so, technology producers remain under pressure to limit the climate impacts of their own industries.
Some upcoming IPOs include Tata Capital Ltd., the non-banking finance arm of Tata Group, which is planning to raise around $2 billion, in what could be the biggest listing this year. Walmart Inc.’s Phonepe, India’s largest provider of digital payments, is preparing to file preliminary documents for an IPO that may raise as much as […]
Chandra Daya raised 2.37 trillion rupiah ($146 million) in its IPO, the largest in Indonesia this year. Investors submitted bids for more than 560 times the amount of shares on offer, demonstrating the appeal of firms associated with Pangestu. His coal-producing unit PT Petrindo Jaya Kreasi has jumped more than 5,000% since it listed in […]
In the US, choppy oil prices are limiting drilling, with the Energy Information Administration trimming its crude output growth estimate this year by about 50,000 barrels a day to 160,000 barrels a day. The rig count has declined steadily and is near four-year lows.
The country now has about 28 gigawatts of capacity under construction, compared with around 43 gigawatts in operation, researchers said in a new report. Projects under construction represent about 41% of China’s planned development. Globally, work has started on just 2% of such blueprints, researchers said.