MADRID — Santander has dropped out of the process to buy Citigroup’s Mexican retail bank after having previously submitted a non-binding offer earlier this year. Read More
MELBOURNE — Shell Plc has told workers at its Prelude floating liquefied natural gas (FLNG) facility it will stop paying them as of Monday if they are not on site, a Shell spokesperson said on Wednesday. Read More
LONDON — Porsche may have to go public at a steep discount if it insists on going ahead as economic obstacles mount, two people involved in the landmark multi-billion-euro listing said. Read More
Industrial metal prices rose on Monday on Chinese regulators’ latest effort to avert a potential crisis in the country’s real estate market, which consumes vast amounts of metal. Read More
TOKYO — Japanese shares jumped on Thursday as chip and automakers gained from a drop in yen to a 24-year low amid a relentless surge in the greenback on rising bets of aggressive interest rate hikes in the United States. Read More
Eastbound natural gas flows resumed on Thursday via the Yamal-Europe pipeline to Poland from Germany, data from the Gascade pipeline operator showed. Read More
Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company. Read More
HONG KONG — Hong Kong’s financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city’s Securities and Futures Commission (SFC) said on Tuesday. Read More
LAUNCESTON — The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended by Russia’s invasion of Ukraine. Read More