Siemens Energy Chairman Says ‘No Need’ for State MoneyThe Big Bond Market Event Wednesday Is at Treasury, Not the FedStrained Markets Face Added Tension as Israel-Hamas War Heats UpEgypt Says Halt in Gas Imports Linked to Prolonged Power CutsIsrael Latest: Long War in Gaza Begins With Army Entering NorthOil and Gas Markets Eye Risk of Escalation as Gaza War DeepensSwiss National Banker Says Talk Couldn’t Save Credit SuisseFed to Weigh How Much Fuel Consumers Have Left After Rate HikesBNP Head...
5% of Housing Is Vacant, Suggesting Property HoardedChina’s ICBC Posts Scant Profit Gain on Shrinking MarginsSweden’s Oscar Properties Teeters on Brink After Slashing ValuesSingapore Home Prices Rebound in Property Boom That Won’t QuitEvergrande Talks With Holdout Creditors Ahead of Wind-Up HearingHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingAcapulco Death Toll Rises as Mexico Reels From Hurricane OtisGermany Eyes Imports of Nigerian Natural Gas in Scholz...
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Spice Up Your Life with Homemade Pumpkin Spice: No Bake PieGerman government and Siemens Energy continue talks over 15 billion euros in guarantees for the power equipment firm. Shares fell after discussions became public. Siemens Energy seeks guarantees for large industrial projects in gas and power division.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Big Oil Doubles Down on Fossil Fuel Despite Clean Energy ShiftExxon's $60 billion deal to buy Pioneer and Chevron's $53 billion tie-up with Hess sends a clear message: big oil is investing in fossil fuel despite the shift to clean energy. The International Energy Agency's prediction of oil demand peaking by 2030 raises questions about the rationale for increased spending on fossil fuel. However, the transition to clean energy is a long and expensive process, which explains why oil giants are not diversifying into clean energy projects.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
TC Energy Corp. Pursues Multibillion-Dollar Asset Sale to Reduce DebtPipeline and transportation company TC Energy Corp. is planning to sell minority stakes in ANR Pipeline Co. and its Mexican operation, among other potential transactions, to reduce debt and fund new investments. The combined value of these assets is approximately $10 billion.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
UK Energy Chief Pushes for Carbon Capture, Urges Sunak's AttentionThe UK's energy chief is advocating for carbon capture technology, aiming to convince Chancellor Rishi Sunak of its importance. The move comes as Bangladesh's opposition demands the Prime Minister's resignation, Israel sends troops into Gaza for a limited raid, and Burkina Faso seeks higher royalties amidst a drop in gold production. Meanwhile, a tech startup experiences a rollercoaster first week, the S&P 500 continues to decline, and Brazil's zero-deficit target seems unlikely. Additionally, Canadians face financial stress and tech workers earn significantly less than their US counterparts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
TC Energy explores stake sales of assets worth US$10 billionTC Energy is considering selling assets worth US$10 billion as part of its strategic review to focus on core businesses and reduce debt.
Source: BNNBloomberg - 🏆 83. / 50 Read more »