Article content (Bloomberg) — South Korea should target major additions of renewables and nuclear power by late next decade to curb emissions and meet surging demand from data centers to semiconductor manufacturing, according to a government proposal. The world’s eighth-largest emitter can aim to lift the share of renewables in its power mix to almost […]
Breadcrumb Trail Links PMN Business Europe is set for a cool start to summer, as wet and breezy conditions extend into June, before giving way to higher temperatures toward the end of the month. Author of the article: Bloomberg News Priscila Azevedo Rocha Published May 31, 2024 • 2 minute read ve[nz79wfk9loq6(53ue[r[{_media_dl_1.png European Centre for […]
Article content (Bloomberg) — Aluminum extended gains to a two-year high after China, the biggest producer, tightened capacity controls across an array of metals to meet emission-cutting goals. The light metal used in everything from window frames to solar panels has climbed with other base metals this year as expected US monetary easing and China’s […]
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 […]