Bloomberg Business

Hungary Envoy Seals Energy Deals in Moscow Despite EU Stance

Hungary’s top diplomat secured a deal to expand gas flows from Russia and renewed a financing agreement on its nuclear power plant, underscoring Budapest’s schism with the rest of the European Union over Russia’s invasion of Ukraine.

Russian Windfall Plunges by $51 Billion as Energy Cash Dries Up

Russia’s current-account surplus shrank last quarter by over $51 billion from a year earlier, as sanctions increasingly deprive the government of what’s been a critical source of hard currency since the invasion of Ukraine.

Glencore Offers Cash-for-Coal Sweetener in Latest Teck Offer

Glencore Plc stepped up its pursuit of Teck Resources Ltd. with a new takeover proposal that adds a cash component and seeks to address one of the Canadian miner’s key objections to the deal — but stopped short of raising the total value of its offer.

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