Feeding the World’s Coal Addiction Is More Profitable Than Ever
[ad_1] Breadcrumb Trail Links PMN Business Big coal producers have made blockbuster profits this year. Author of the article: Bloomberg News Thomas Biesheuvel, Dan Murtaugh and Rajesh Kumar Singh pn9opsw9[jogrjtaxru2f6km_media_dl_1.png…
Torrent Power and Sembcorp in Race to Buy Vector Green Energy
[ad_1] Breadcrumb Trail Links PMN Business Electricity producer Torrent Power Ltd. and Singapore-listed utilities company Sembcorp Industries Ltd. are in the race to buy clean energy platform Vector Green Energy,…
‘Post-ESG’ ETF Backed by Thiel Debuts to Encourage More Drilling
[ad_1] Breadcrumb Trail Links PMN Business An anti-activism exchange-traded fund of sorts has launched to supposedly “unshackle” energy companies from climate concerns that some investors have forced them to reckon…
Russian Oil Flows Halted Through Pipeline to Central Europe
[ad_1] Breadcrumb Trail Links PMN Business Russian crude flows through Ukraine to Hungary, Slovakia and the Czech Republic were halted last week after sanctions prevented payment of the transit fee,…
Philippine Economic Growth Slows to 7.4% as Inflation Bites
[ad_1] Breadcrumb Trail Links PMN Business The Philippines’ economic expansion was slower-than-expected in the second quarter as the fastest inflation in almost four years hurt consumption, which is a key…
Argentina Economy Minister Shakes Up Energy Secretary in Consolidation of Power
[ad_1] Breadcrumb Trail Links PMN Business Argentina’s Economy Minister Sergio Massa announced on Sunday night the shake-up of the country’s energy leadership, removing top allies of Vice President Cristina Fernandez…
Biden, Democrats Look for Midterm Boost From Breakthrough Bill
[ad_1] Breadcrumb Trail Links PMN Business President Joe Biden and his party finally scored the win they’ve been waiting for heading into the November congressional elections, but it’s uncertain it…
Truss to Speed Up UK Tax Cuts in Leadership Bid, Telegraph Says
[ad_1] Breadcrumb Trail Links PMN Business UK leadership front-runner Liz Truss plans to rush through tax cuts to tackle the country’s cost-of-living crisis, the Telegraph reported. Author of the article:…
China IPO Market Trounces the World With Record $58 Billion Boom
[ad_1] Breadcrumb Trail Links PMN Business From London to Hong Kong, large initial share sales have all but dried up across the world’s major financial centers this year. But the…
Buffett’s Berkshire Pounces on Market Swoon to Buy Equities
[ad_1] Breadcrumb Trail Links PMN Business Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip. Author of the article: Publishing date: Aug 06, 2022 • 17 minutes…
Telus Mobile Head Sees Roger-Shaw Merger Lessening Competition
[ad_1] Breadcrumb Trail Links PMN Business Jim Senko, head of Telus Corp’s mobile phone unit, said the sale of Shaw Communications Inc. to Rogers Communications Inc. could curb competition in…
Macquarie Targets North Sea as the Green Energy Hub of Europe
[ad_1] Breadcrumb Trail Links PMN Business Macquarie Group Ltd. is betting the North Sea — engine of the UK’s once-booming oil and gas industry — can be transformed into the…
Bitcoin Gains Spur Miners to Turn on Rigs in Midst of Heat Wave
[ad_1] Breadcrumb Trail Links PMN Business A rise in the price of Bitcoin has prompted some miners of the cryptocurrency to switch on more rigs over the last two weeks…
Ukraine Latest: Zelenskiy Wants Direct Talks With China’s Xi
[ad_1] Breadcrumb Trail Links PMN Business President Volodymyr Zelenskiy urged China’s Xi Jinping to agree to direct talks, saying Beijing hasn’t replied to such requests since Russia invaded Ukraine in…
Singapore Says Can Tame Wild Power Market Without State Control
[ad_1] Breadcrumb Trail Links PMN Business Singapore can stabilize wild swings in power prices without needing to impose state control over the energy market, according to a government minister. Author…
Shale Profits Finally Blossoming After Decade of Steep Losses
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — US shale drillers are expected to post record second-quarter profits in coming days, reversing nearly a decade of debt-fueled losses. Author of…
Europe to Put Key Plank of ESG Rulebook on Hold Amid Infighting
[ad_1] Breadcrumb Trail Links PMN Business The next milestone in Europe’s efforts to create a global benchmark for ESG investing has been shelved indefinitely as officials balk at devoting resources…
The Euro Feels the Pressure as Economy Tips Toward Recession
[ad_1] Breadcrumb Trail Links PMN Business The euro, already beaten down this year to the lowest in two decades, remains an unloved currency stuck under relentless pressure as its economy…
Octopus Seeks £1 Billion From UK Government to Buy Bulb: Sky
[ad_1] Breadcrumb Trail Links PMN Business Privately-owned Octopus Energy Ltd. is nearing a deal to acquire failed electricity supplier Bulb Energy Ltd., and has asked the government for a £1…
Midterm Misery for Biden as Key Economy Gauge Flags 30-Seat Loss
[ad_1] Breadcrumb Trail Links PMN Business Soaring inflation has pushed the misery index, a measure with a track record of getting elections right, into dangerous territory for Democrats Author of…
Charting the Global Economy: GDP Declines in US, Rises in Europe
[ad_1] Breadcrumb Trail Links PMN Business Major economies diverged in the most-recent quarter, underscored by a second-straight decline in US gross domestic product while results for the euro-zone shocked to…
Gas Crisis Now Tops European Stock Traders’ Long List of Risks
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — Author of the article: Bloomberg News Kat Van Hoof glg1oow5afvjuc0ocdklrfef_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Advertisement 2 This advertisement has not…
Meet The Russian Architect of Putin’s Economic Counterattack
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — When sanctions made the Fortress Russia he helped build seem less impregnable, Maxim Oreshkin came up with a signature gambit to try…
Eni Raises Share Buyback as Profit Soars on High Energy Prices
[ad_1] Breadcrumb Trail Links PMN Business Eni SpA extended its share buyback program after profits surged due to high oil and gas prices. Author of the article: Bloomberg News Alberto…
Enphase Sees Surge in European Revenue as Energy Prices Soar
[ad_1] Breadcrumb Trail Links PMN Business Solar giant Enphase Energy Inc. reported its European revenue surged 69% in the second quarter from the prior period as the continent grapples with…