Article content (Bloomberg) — Democratic Republic of Congo’s electoral commission, CENI, defended the major delays snarling the country’s Dec. 20 polls as the commission began Friday to release a small sampling of results. The commission has come under fire from opposition politicians and election observers after the vote continued into a second day when […]
Article content (Bloomberg) — British companies are being targeted with a sharp rise in winding up petitions as the country’s tax authority chases unpaid debts. HM Revenue & Customs applied to shut down 2,391 businesses in the year to Dec. 7 over unpaid tax debts, more than triple the attempts in the previous year, according […]
Article content (Bloomberg) — Billionaire Gautam Adani’s renewable energy unit is planning to raise at least $2 billion in mostly new debt next year, people familiar with the matter said, as it capitalizes on renewed confidence among creditors in its ambitious expansion plans. Ahmedabad-based Adani Green Energy Ltd. is exploring various instruments including private placement […]
Article content (Bloomberg) — Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals while facing maturing bonds next year. Adani Green Energy Ltd. is looking to issue preferential shares to the […]
Article content (Bloomberg) — Abu Dhabi National Oil Co. submitted an increased preliminary takeover bid for German chemical company Covestro AG and offered concessions to pave the way for the start of detailed due diligence, people with knowledge of the matter said. State-owned Adnoc made a fresh proposal of about €60 a share, valuing Covestro […]
Article content (Bloomberg) — A slowdown in UK inflation may be exciting economists and stoking bets that the Bank of England will cut interest rates, but the price of a traditional English breakfast is a reminder of the cost pressures still facing many families. The average cost of ingredients for a “fry-up” is still more […]
Article content (Bloomberg) — Telefonica SA’s shares jumped the most in almost three years after the Spanish government announced plans to buy a stake that could be valued at more than €2 billion ($2.2 billion) countering a stake that Saudi Arabia’s built in the telecommunications carrier. The shares rose 4.6% to €3.73 at 9:50 a.m. […]
Breadcrumb Trail Links PMN Business Negotiations to create a maritime corridor to transport essential goods to the Israel-Gaza region are making progress toward an agreement soon, according to Greek Foreign Minister Georgios Gerapetritis. Author of the article: Bloomberg News Eleni Chrepa Published Dec 19, 2023 • 3 minute read Join the conversation Georgios Gerapetritis in […]
Article content (Bloomberg) — Russia’s war in Ukraine has made the now-treacherous waters of the southern Red Sea a vital global trade corridor for oil — especially Moscow’s own exports. As Europe has shunned Russian barrels, it has increasingly relied on cargoes from the Middle East. Meanwhile, Moscow has boosted flows to Asia as it […]
Breadcrumb Trail Links PMN Business Ken Griffin is no stranger to giving out big gifts in the big cities where he lives and does business. Author of the article: Bloomberg News Amanda Gordon Published Dec 18, 2023 • 6 minute read Join the conversation Griffin, during a groundbreaking ceremony for the final phase of The […]