Oil Industry to Act on Methane and Flaring, COP28 Chief Says
Large swathes of the global oil industry will pledge to eliminate methane emissions and gas flaring by the end of the decade, the president of the COP28 climate summit said.
Bloomberg Business
China Renaissance Names Co-Founder Xie Yi Jing as Acting CEO
China Renaissance Holdings Ltd. has appointed Xie Yi Jing as acting chief executive officer, after the company’s founder became involved in a probe earlier this year.
Deutsche Bank Regulator Tightens Oversight in Setback to CEO
One of Deutsche Bank AG’s top regulators has tightened how it supervises the lender after it failed to fix widespread shortcomings at its consumer unit quickly enough.
Scientists Behind Pfizer and Moderna mRNA Vaccines Win Nobel
Two scientists won the Nobel Prize in medicine for research that laid the groundwork for some of the best-selling medicines of all time: the messenger-RNA vaccines against Covid-19.
BP, Adnoc Urged to Raise $2 Billion Bid For NewMed Stake
An independent committee evaluating BP Plc and Abu Dhabi National Oil Co.’s roughly $2 billion offer for 50% of NewMed Energy has requested the oil and gas giants substantially increase their bid, people with knowledge of the matter said.
Higher Rates Starting to Hit US Profits, Goldman Strategists Warn
Rising rates are starting to weigh on US corporate profits and if they stay higher for longer it may upend a historical trend, according to Goldman Sachs Group Inc. strategists.
Guindos Says Current ECB Rate to Help Reach Inflation Target
(Bloomberg) — European Central Bank interest rates at their current levels will help bring euro-area inflation to the 2% target, according to Vice President Luis de Guindos.
Saudi Arabia Projects a $21 Billion Deficit in 2024
Saudi Arabia has rewritten its budget forecast for next year, saying it expects a deficit instead of a surplus as it ramps up spending and tackles uncertainty in oil markets.
What’s at Stake in Trump’s $250 Million Business Fraud Trial
Donald Trump will face off against New York Attorney General Letitia James starting Monday in a contentious civil trial that threatens his control over his real estate empire in the state.
Argentines’ Love of Dollars Creates a Windfall for Local Brokers
Argentina’s economic disaster has crushed the currency, sent inflation soaring and pushed poverty levels toward a 15-year high. Companies are slashing jobs as a recession looms.
