Article content (Bloomberg) — Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows. Signs of the shifting tides include Mexican state oil company Pemex recently buying Colombian oil for its refinery in Texas and American refiner Valero Energy Corp. […]
Article content (Bloomberg) — Canada’s Ontario Teachers’ Pension Plan and PSP Investments are about to kick off the sale of renewable energy company Cubico Sustainable Investments, according to people with knowledge of the matter. The two pension funds are working with Bank of America Corp. and Canadian Imperial Bank of Commerce on a potential transaction, […]
Article content (Bloomberg) — Moldova cleared a key hurdle as part of its bid to join the European Union in a set of votes on Sunday that may help break the Kremlin’s decades-long grip on the country. Some 42% of voters participated in a referendum to join the EU as of 6 p.m. local time, […]
Article content (Bloomberg) — Hurricane Oscar made landfall on Great Inagua Island in the Bahamas and is forecast to strike in eastern Cuba on Sunday afternoon, the US National Hurricane Center said. Oscar came ashore early Sunday with top winds of 80 miles (130 kilometers) per hour, making it a Category 1 hurricane on the […]
Article content (Bloomberg) — Cuba was struggling to restore electricity nationwide on Saturday, more than 24 hours after the failure of one of its largest power plants knocked the entire grid off-line. Writing Saturday on X, the Ministry of Energy and Mines said power should be gradually restored throughout the day but said a substation […]
Breadcrumb Trail Links PMN Business Six months after rewards for validating transactions on the Bitcoin network were reduced by half, crypto mining companies are choosing between two divergent paths to remain viable. Author of the article: Bloomberg News David Pan Published Oct 19, 2024 • 3 minute read 60ymjqhryl{w4)1u}nvvacz6_media_dl_1.png Bloomberg Article content (Bloomberg) — Six […]
Breadcrumb Trail Links PMN Business Donald Trump said he’d consider exempting police officers, firefighters, active duty military and veterans from paying taxes, the Republican nominee’s latest campaign trail idea to deliver tax breaks to key groups of supporters. Author of the article: Bloomberg News Stephanie Lai Published Oct 18, 2024 • 3 minute read Donald […]
Article content (Bloomberg) — Ecopetrol SA is once again testing the overseas market with an offer to sell dollar bonds. The offering comes a week after an investigation involving its chief executive officer drove the company to postpone a deal. Colombia’s state energy firm is selling notes maturing in 2032 to help fund an extended […]
Breadcrumb Trail Links PMN Business In its quest to double its size by 2029, Apollo Global Management Inc. is ramping up its ability to write jumbo checks to high-grade corporations as it delves deeper into what it calls private credit’s next frontier. Author of the article: Bloomberg News Laura Benitez and Jack Sidders Published Oct […]
Article content (Bloomberg) — Swiss construction company Holcim Ltd. is considering a dual US and Swiss listing of its North American unit, according to people familiar with the matter. The company said in January that it will spin off its North American business into a separate US-listed entity, which could be valued at more than […]