Article content (Bloomberg) — Warren Buffett-backed Occidental Petroleum Corp. agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere. Occidental will pay in cash and expects the deal to close before the end of the year, pending […]
Article content (Bloomberg) — Alberta will never comply with a federal plan to phase out carbon emissions from power generation by 2035 and will go its own way if such a plan is implemented, Premier Danielle Smith said. The province, which relies on fossil fuels for 89% of its electricity, can achieve a net zero […]
Breadcrumb Trail Links PMN Business Potential strikes at major Australian LNG plants have reignited fears over global gas supplies. Author of the article: Bloomberg News Anna Shiryaevskaya and Ruth Liao Published Aug 13, 2023 • 4 minute read Join the conversation i4yctl7janntp]z5tj700zj6_media_dl_1.png Source: Bloomberg Article content (Bloomberg) — Gas is back as a risk to […]
Breadcrumb Trail Links PMN Business United States Steel Corp. has rejected a takeover offer from rival Cleveland-Cliffs Inc. that promised to create one of the world’s biggest steelmakers, and will begin a review of its strategic options instead. Author of the article: Bloomberg News Joe Deaux Published Aug 13, 2023 • 3 minute read Join […]
Article content (Bloomberg) — The yen hovered around the psychological 145 level versus the dollar and within reach of its weakest level this year as a persistently wide interest-rate gap with the US weighs on the Japanese currency. Investors are on guard for any sharp moves as traders return in Tokyo following a holiday in […]
Article content (Bloomberg) — Contact Energy expects to have more than 95% of its New Zealand generation renewable by mid-2027 as it moves forward with plans to build new geothermal and solar-powered plants. The company plans to apply for consent to build a 160 megawatt solar farm northwest of Auckland before the end of this […]
Breadcrumb Trail Links PMN Business While the cause of the deadly Maui fires remains under investigation, lawyers are sending experts to the island to look into utility power lines as being a possible source of ignition. Author of the article: Bloomberg News Mark Chediak and Jef Feeley Published Aug 12, 2023 • 4 minute read […]
Breadcrumb Trail Links PMN Business China’s economy is showing little sign of a rebound, with fresh stress in the property market and deflation threatening the growth outlook. Author of the article: Bloomberg News Bloomberg News Published Aug 12, 2023 • 6 minute read Join the conversation p{z5h5020x6orv[[8um4i6j0_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — China’s economy […]
Breadcrumb Trail Links PMN Business Across Wall Street, there’s growing relief that the Federal Reserve — at long last — may be done raising interest rates. But that doesn’t mean turbulence in the bond market will soon become a thing of the past. Author of the article: Bloomberg News Liz Capo McCormick, Michael Mackenzie and […]
Article content (Bloomberg) — Argentina’s state-run energy company Enarsa has cancelled another shipment of liquefied natural gas, according to a person familiar with the matter. This cancellation was because of low demand resulting from warmer-than-usual winter temperatures in the South American country, said the person who asked not to be named because the information is […]