World Economic Magazine

U.S. investors lean on blank-check firms in search for energy transition targets

Former U.S. oil investment bankers, portfolio managers and executives have formed over 20 listed blank-check companies to take renewable energy…

5 years ago

U.S. Gulf of Mexico oil producers consolidation accelerates

Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government…

5 years ago

Record high aluminium prices likely to spur destocking

LONDON, Aug 16 (Reuters) - Record aluminium prices in the United States and Europe will be sustained by Russia's mining…

5 years ago

HSBC snaps up Axa Singapore assets for $575 mln in Asia expansion

HSBC Holdings (HSBA.L) has agreed to acquire French insurer Axa's (AXAF.PA) Singapore assets for $575 million, part of its strategy of scaling up its…

5 years ago

Analysis: Valuing China assets no easy task after $1 trillion wipeout

Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the…

5 years ago

Oil prices drop amid faltering demand outlook in China

Oil prices fell by about 2% on Monday, dropping for a third session, after official data showed that refining throughput…

5 years ago

Sydney Airport rejects improved $16.8 bln buyout bid, open to higher offer

Sydney Airport Holdings Pty Ltd (SYD.AX) on Monday rejected an improved A$22.80 billion ($16.81 billion) bid from a group of infrastructure investors,…

5 years ago

Japan’s economy rebounds in Q2, COVID clouds outlook

Japan's economy rebounded more than expected in the second quarter after slumping in the first three months of this year,…

5 years ago

Asia stocks slip as China’s economy stumbles

Asian shares slid on Monday after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of…

5 years ago

Aramco in advanced talks on up to $25 bln Reliance deal – Bloomberg News

Saudi Aramco (2222.SE) is in advanced talks to acquire a roughly 20% stake in Reliance Industries Ltd's (RELI.NS) oil refining and chemicals business for…

5 years ago