On Wednesday, the U.S. unit of Iberdrola, a Spanish renewable energy group said, it has agreed to acquire U.S. utility PNM Resources for nearly $4.3 billion, In a regulatory filing Avangrid said, PNM’s board has unanimously approved the cash offer to its… Read More ›
According to sources familiar with the matter at hand, Tesla Inc is negotiating a nickel supply deal with the BHP Group as part of a broader effort to ramp up production and meet higher production targets in an effort to… Read More ›
On Monday, in a statement Rio Tinto said it will trim the short-term bonuses of its CEO as well as two other senior executives following a review of the company’s destruction of two historic caves in Australia in May which… Read More ›
In a statement, General Electric Co said, it has extended the employment agreement of its Chief Executive Officer Lawrence Culp up to August 31, 2024. In a regulatory filing dated August 18, GE said, its board had also approved a… Read More ›
In order to reduce leverage in the economy, Chinese regulators have allowed asset investment companies (AIC) to conduct asset management business to invest in debt-to-equity assets and boost equity financing in the country. Major state-owned banks including China Construction Bank… Read More ›
In an attempt to minimize its dependency on China, the global rare earth leader, the U.S. government plans to fund domestic rare earths projects. Rare earths are a group of 17 minerals used widely in a plethora of consumer electronics… Read More ›
Exchange operator CME Group Inc stated, it would close its Chicago trading floor after business hours on Friday in order to reduce potential exposure to China’s coronavirus which has gone pandemic. China’s coronavirus, which began in Wuhan where Beijing has… Read More ›
On Monday, in a statement the Airports Council International (ACI) Asia-Pacific stated, airport passenger traffic in the Asia-Pacific region is likely to shrink by 24% due to China’s coronavirus, thus causing a loss of $3 billion in airport revenues. Cancellation… Read More ›
In a statement, China’s finance ministry stated, it will lower tariffs on products ranging from avocado, and frozen pork to some type of semiconductors in 2020. In the coming year, Beijing is scheduled to lower import tariffs, which are lower… Read More ›
On Saturday, China’s state-backed semiconductor fund announced plans to trim its stakes in select tech firms, even as foreign investors continued to increase their exposure to its tech sector. China’s National Integrated Circuitry Investment Fund, which is known as the… Read More ›
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