Oil rises as market shrugs off virus impact
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over a rise of COVID cases in Asian countries.
Reliance joins Bill Gates, others to invest $144 mln in U.S. energy storage co
Indian oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) said on Tuesday it would invest $144 million in U.S. energy storage company Ambri Inc, along with billionaire Bill Gates, investment management firm Paulson & Co and others.
How sustainable are sovereign wealth funds?
Risks don’t come much longer term than climate change, so you might expect sovereign wealth funds to be all over it, as investment giants with decades in their sights.
Oil firms but still set for weekly loss on demand worries
Oil prices edged higher on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel restrictions to curb the spread of the Delta variant of COVID-19.
Oil rises on Mideast tensions but virus concerns weigh
Oil prices rose towards $71 a barrel on Thursday on rising Middle East tensions, while fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases threatened the demand recovery.
Wall Street closes mixed, S&P 500 ends off record high
U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
BCPG Public Company Limited wins big with World Economic Magazine Inc.
World Economic Magazine Inc., a prestigious business publication with web and print editions, has announced BCPG Public Company Limited as the Best Green Energy Efficiency Initiative Thailand 2021 and the Best Renewable Energy Company Asia Pacific 2021 in the 2nd Annual Ceremony of World Economic Magazine Awards.
Hyundai Motor, LG’s battery unit to invest $1 bln in EV partnership
South Korea’s Hyundai Motor Group and LG Energy Solution said on Thursday they would set up a joint venture (JV) in Indonesia to establish a battery cell plant for electric vehicles (EV), investing $1.1 billion with each owning half the business.
In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors
In its quest to build one of the largest lithium mines in the United States, Piedmont Lithium Inc (PLL.O) has overlooked one crucial constituency: its North Carolina neighbors.
Papua New Guinea-focused Oil Search rebuffs $6.5 bln Santos bid
Oil Search (OSH.AX) rejected an unsolicited takeover proposal from Santos Ltd (STO.AX) valuing the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), but both companies said on Tuesday they wanted to pursue further talks.
