Article content (Bloomberg) — Thai energy producer B.Grimm Power PCL is seeking as much as $600 million in private debt to build an offshore wind farm in South Korea, according to people familiar with the matter. The power firm would pledge its shares in the wind-farm project company as collateral to secure the three-year loan, […]
Breadcrumb Trail Links PMN Business A confluence of tailwinds is helping Malaysian equities outperform the region and the return of foreign funds points to further gains. Author of the article: Bloomberg News Abhishek Vishnoi Published May 30, 2024 • 3 minute read 0147ueh9ex(cqldgdgpsjucn_media_dl_1.png Bloomberg Article content (Bloomberg) — A confluence of tailwinds is helping Malaysian […]
Article content (Bloomberg) — Brookfield is nearing the purchase of a 53% stake in Neoen SA in a deal valuing the French renewable energy developer at about €6.1 billion ($6.6 billion), people familiar with the matter said. As part of the transaction, the Canadian asset manager is buying the 42%-owned by French billionaire Jacques Veyrat’s […]
Article content (Bloomberg) — Swiss voters are growing skeptical toward proposed changes to the country’s health-care system, according to the last poll ahead of a June 9 ballot. A left-wing plan to cap insurance premia at 10% of a person’s income saw its approval drop to 50%, public broadcaster SRG SSR — which commissioned the […]
Breadcrumb Trail Links PMN Business As OPEC+ prepares to review global oil markets, trouble is brewing in the group’s biggest customer. Author of the article: Bloomberg News Bloomberg News Published May 29, 2024 • 5 minute read o3}9pw2ciqkxoi61yegth3p6_media_dl_1.png China General Administration of Article content (Bloomberg) — As OPEC+ prepares to review global oil markets, trouble […]
Breadcrumb Trail Links PMN Business The PIF plans to increase annual deployment to as much as $70 billion a year, but international partners expect much of that will be spent locally. Author of the article: Bloomberg News Matthew Martin, Dinesh Nair and Nicolas Parasie Published May 29, 2024 • 5 minute read gha)(3ur5g(d6nvps9dq]5)v_media_dl_1.png Bloomberg, Saudi […]
Article content (Bloomberg) — Tohoku Electric Power Co. shares surged the most since 2013, leading other Japanese utilities higher, on signs its Onagawa No. 2 nuclear reactor is on track for a restart around September. The stock jumped as much as 12% in Tokyo after the company said it completed the required safety construction work […]
Article content (Bloomberg) — The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane. “The best way to frame the debate this year is that we still need to be restrictive all year long,” […]
Article content (Bloomberg) — Australian investors are more engaged in activism than at any time in more than a decade as active campaigns surge and companies bow to pressure from agitating shareholders. This year is the biggest for activist campaign starts on record, according to data compiled by Bloomberg Intelligence that goes back to 2011. […]
Article content (Bloomberg) — China’s rising electricity demand will keep pressure on the nation’s power sector, according to the world’s largest utility, despite installations of generation capacity hitting a fresh high this year. “Power supply and demand will be tight during local peak hours,” the research institute of State Grid Corp. of China — which […]