The proceeds will be used to reduce the company’s debt load and help execute its five-year strategic plan. In a securities filing, Brazil’s state-run power firm stated, its board of directors has approved an extraordinary shareholders meeting to decide upon… Read More ›
Economy & Finance
EU eyeing emergency summit for Brexit deal: BBC
It is to be seen whether this new emergency summit can lead to a breakthrough. British Prime Minister Boris Johnson’s complicated plan of placing Northern Ireland in a dual customs zone with the UK and EU will require major updates… Read More ›
Regulator Says Preparations For Risks Like Brexit Need To Be Made By Financial Leaders
The leading body for global financial stability has warned that emerging risks to the global economy including a global economic downturn and Brexit has to be addressed by the global authorities gathering in Washington this week. While much has been… Read More ›
Vague US-China Deal Not Enough For Firms To Being Spending And Investing
There is apparently a difference in the manner in which the United States and China view the partial trade deal that the two parties have managed to reach as reported. While it is being viewed as a trade deal by… Read More ›
Russian investors keen to invest in Saudi Aramco’s IPO
The development underscores a growing closeness between Moscow and Riyadh. In a development that underscores growing trade relations between Saudi Arabia and Russia, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF stated, a number of Russian… Read More ›
Malaysian palm oil exports could be hit by Indian trade action
Kuala Lumpur’s relations with New Delhi took a downward turn following Malaysian Prime Minister Mahathir Mohamad alluding to an Indian state as a separate country in the United Nations. According to a report from news wire Bernama, Malaysia’s Prime Minister… Read More ›
China’s import of pork & beef at new record for first nine months of 2019
Data from the General Administration of Customs shows a sharp increase in the import of proteins by China in the first nine months of this year. On Monday, customs data showed, China’s import of pork and beef have surged. Pork… Read More ›
U.S. energy firm ConocoPhillips to sell Australian assets to rival Santos Ltd for $1.39 billion
ConocoPhillips is however retaining its LNG plant located in Queensland, Australia. On Monday, ConocoPhillips, a U.S. energy company stated, it has agreed to sell the bulk of its Australian assets to Santos Ltd, a rival, for $1.39 billion. The deal… Read More ›
Money Markets Favored By Investors At The Highest Speed Since The Financial Crisis
According to data from FactSet and Bank of America Merrill Lynch, over the past six months, more than $322 billion has been invested in money market funds, which is the highest since the second half of 2008, financial crisis of… Read More ›
Russia expands “de-dollarisation” policy to include energy exports
Moscow aims to trim its exposure from to U.S. sanctions. On Sunday, in a significant development, Russian Economy Minister Maxim Oreshkin stated, Moscow is exploring alternatives to the U.S. dollar for energy transactions and is evaluating currency settlements in euros… Read More ›