Saudi Arabia Says Production Cut Last Year Showed Flexibilty
Saudi Arabia’s energy minister said production cuts announced last year by OPEC+ show the group’s readiness to be flexible.
Bloomberg Business
Investors Already Bet Nigeria’s Next Leader Has No Chance of Fixing Fiscal Crisis
Nigeria’s bond market is already betting that the nation’s next leader — whoever it is — won’t be able to repair the shambles left by the previous administration.
German Economy May Shrink Slightly This Year, Bundesbank Says
Germany’s economy may shrink slightly in 2023 as companies and households start the year on a weak footing, according to the Bundesbank.
Adani Credit Facilities Send a Chill Through ESG Markets
Financing arrangements across the Adani Group conglomerate have sent a fresh chill through ESG markets as investors wake up to a new risk.
Adani Stock Bearing the Brunt of Rout Has Lost 76% in Value
Adani Group companies have erased about $135 billion of their total equity market value since the explosive Hindenburg Research report, but none has been hit as bad as Adani Total Gas Ltd.
Used EV Prices Are Falling Just in Time for a New US Tax Credit
Americans looking for a used electric car that qualifies for a federal tax credit may have luck with older models of the Chevy Bolt or Nissan Leaf.
Sulzer Becomes Latest European Company to Shift Spending to US
Sulzer AG is moving some investments to the US because of the country’s green-technology aid, joining a flock of European companies saying that the Inflation Reduction Act’s allure is impossible to ignore.
China Blasts US for Military, Cultural ‘Hegemony’ as Ties Sour
China laid out a fresh laundry list of problems it has with how the US uses its power, underscoring how tensions between the two nations have worsened over issues from the alleged spy balloon dispute to Russia’s war in Ukraine.
Ride-Hailing Unicorn Uses Novel Instrument to Raise $150 Million
InDrive, the second-most downloaded ride-hailing app in the world, raised $150 million using an unusual debt instrument that links repayment to the company’s performance.
Chile Regains Crown as Regional Safe Haven, Largely by Default
Chile is regaining its title as the safe-haven of Latin America — but only partially by its own merit.
