Europe Gas Extends Drop With Record Amounts of LNG Idling at Sea
European natural gas prices closed at the lowest level in almost 22 months as demand stalls and fuel cargoes pile up at sea.
Bloomberg Business
$10.6 Billion Lithium Deal to Create World’s No. 3 Producer
Australian lithium miner Allkem Ltd. agreed to merge with US rival Livent Corp. in an all-stock deal that will create a $10.6 billion producer, as the sector continues consolidating amid surging demand for batteries used in electric vehicles.
SVB Lends $200 Million in First Syndicated Loan Since Collapse
Silicon Valley Bank will lead a more than $200 million financing facility for Pivot Energy Inc.’s multi-state portfolio of solar projects.
Manchin Vows to Block Biden’s EPA Nominees on Power Plant ‘Overreach’
Senator Joe Manchin vowed to oppose President Joe Biden’s nominees to fill key positions at the US Environmental Protection Agency over its forthcoming plan to limit greenhouse gas emissions from power plants.
New Calls for Short-Selling Ban Has Experts Defending the Tactic
For all the latest calls to prohibit short selling amid the banking turmoil, there’s an argument to be made that such a ban would actually hurt investors.
US Default Swaps Are Now More Expensive Than Brazil, Mexico
The cost of insuring Treasuries against default now eclipses some emerging markets as the American government gets closer to running out of money.
Meloni Says No Decision Taken Yet on Pact With China, Ansa Says
Italian Prime Minister Giorgia Meloni on Wednesday said her government hasn’t yet decided whether to pull back from a controversial investment pact with China.
GM’s Cruise to Expand Robotaxi Service to Dallas and Houston
Cruise, the self-driving vehicle unit majority owned by General Motors Co., plans to expand its robotaxi service to Houston and Dallas.
Egypt Is Said to Plan Selling Further 10% Stake in Telecom Egypt
Egypt has revived plans to sell an additional 10% stake in state-run Telecom Egypt through a share sale this month, according to people familiar with the matter, as the North African nation seeks to raise cash and reassure investors.
MTN in Advanced Talks to Sell Some West African Assets
MTN Group Ltd. is in advanced talks with Axian Group Ltd. to sell some of its West African markets, according to people familiar with the matter, as Africa’s largest mobile operator trims its portfolio.
