Article content TOKYO (AP) — A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday. In the tender offer, announced last month and ended Wednesday, the number of shares purchased exceeded […]
Article content (Bloomberg) — China’s booming coal imports include more high-grade cargoes from Australia and Russia, as users offset the worsening quality of coal mined at home with fuel from abroad. Australia’s exports of thermal coal for power plants and coking coal for steelmaking rose to 6.69 million tons last month, the highest since July […]
Article content (Bloomberg) — B.Grimm Group is considering selling a minority stake in its gas-fired power portfolio in Thailand that could be valued at about $2 billion in a deal, according to people familiar with the matter. The oldest conglomerate in Thailand is working with an adviser to identify potential investors for the assets, said […]
Article content (Bloomberg) — Workers at Ford Motor Co.’s Canadian unit avoided a strike, reaching a tentative agreement late Tuesday after extending negotiations by 24 hours from a previous deadline. Unifor, the Canadian autoworkers’ union, pushed for improved pension benefits, higher wages and support for workers during the electric-vehicle transition. Article content “When faced with […]
Article content (Bloomberg) — Oil fell after a breakneck rally as wider markets held a cautious tone ahead of a Federal Reserve meeting, and crude’s metrics continued to signal that prices may have risen too far, too fast. West Texas Intermediate for November dropped toward $90 a barrel, after closing almost level on Tuesday. Its […]
Article content (Bloomberg) — Oil traded near a 10-month high as the physical market showed fresh signs of tightness driven by supply cuts from OPEC+ leaders. Global benchmark Brent edged toward $95 a barrel, advancing for a fourth straight day. Premiums for physical barrels are surging as refiners struggle to make enough diesel ahead of […]
Article content UNITED NATIONS (AP) — It’s Day 1 of the U.N. General Assembly high-level meeting that brings world leaders together at U.N. headquarters in New York. Here are the highlights of what happened Monday at the U.N. and what to keep an eye on today, Tuesday. WHAT HAPPENED AT AND AROUND THE UN GENERAL […]
Breadcrumb Trail Links PMN Business The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come. Author of the article: […]
Article content CANBERRA, Australia (AP) — Australia’s government said Monday the online dating industry must improve safety standards or be forced to make changes through legislation, responding to research that says three-in-four Australian users suffer some form of sexual violence through the platforms. Communications Minister Michelle Rowland said popular dating companies such as Tinder, Bumble […]
Article content (Bloomberg) — Oil extended an upswing as OPEC+ supply cuts tightened the market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address a conference on the kingdom’s crude policy and view on net zero. Global benchmark Brent advanced above $94 a barrel after a three-week run of gains that boosted prices […]