Article content (Bloomberg) — Four international companies have agreed to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project, according to people with knowledge of the matter. Shell Plc, TotalEnergies SE, BP Plc and Mitsui & Co. will each take a 10% stake in the Ruwais LNG plant, said the people, […]
Article content (Bloomberg) — Shell Plc expects as much as $2 billion of impairments in its second-quarter earnings related to a delayed biofuels plant under construction in the Netherlands and its chemicals facility in Singapore. Since taking the job in January last year, Shell Chief Executive Officer Wael Sawan has pledged to be “ruthless” in […]
Breadcrumb Trail Links PMN Business Marine Le Pen’s energy plans risk throwing a spanner into the workings of Europe’s electricity market. Author of the article: Bloomberg News Francois de Beaupuy and Petra Sorge Published Jul 05, 2024 • 4 minute read mgsa8fs5djbf6do0ritjxs7e_media_dl_1.png Bloomberg Article content (Bloomberg) — Marine Le Pen’s energy plans risk throwing a […]
Article content (Bloomberg) — The World Bank said Thailand should wait for a clearer picture of the economy before easing monetary conditions, effectively backing the central bank’s interest-rate policy against the government’s calls for early easing. The Washington-based lender also trimmed on Wednesday its 2024 gross domestic product growth forecast for the country to 2.4% […]
Breadcrumb Trail Links PMN Business Worried by deepening China-Russia relations, Indian Prime Minister Narendra Modi is heading to Moscow next week for talks with President Vladimir Putin, his first visit to the country since the Kremlin’s 2022 invasion of Ukraine. Author of the article: Bloomberg News Henry Meyer and Sudhi Ranjan Sen Published Jul 02, […]
Breadcrumb Trail Links PMN Business It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value. Author of the article: Bloomberg News P R Sanjai Published Jul 02, 2024 • 3 minute read Signage atop the Adani Group headquarters […]
Breadcrumb Trail Links PMN Business President Emmanuel Macron’s decision three weeks ago to call snap elections overturned any semblance of political stability in France and opened the door to the possibility of the first far-right government in the modern republic. Author of the article: Bloomberg News William Horobin Published Jun 30, 2024 • 5 minute […]
Article content (Bloomberg) — Mauritania’s incumbent president is likely to secure a second term in elections on Saturday, providing investors with an assurance of policy continuity in a European Union ally that’s on the cusp of becoming a gas producer. President Mohamed Ould Ghazouani’s chances of being reelected were boosted by the ruling Equity Party’s […]
Breadcrumb Trail Links PMN Business Birmingham resident Johur Uddin has always voted Labour. But with the UK opposition party on the cusp of a potentially record election victory next week, the 56-year-old consultant says he’ll break with the habit of a lifetime on July 4 and mark his ballot paper with an X next to […]
Breadcrumb Trail Links PMN Business Homebuilders, energy companies and a 500-year-old postal firm are among the stocks most exposed to the outcome of Britain’s July 4 election as the opposition Labour Party prepares to take power. Author of the article: Bloomberg News Joe Easton Published Jun 29, 2024 • 5 minute read 9n6ninftjat2dafcqx53io9t_media_dl_1.png Morningstar Direct […]