Botswana President Mokgweetsi Masisi said his government is prepared to walk away from negotiations with De Beers if he’s not satisfied with the division of revenues from the diamond trade.
The latest debt restructuring proposal from Ukraine’s state-run oil and gas company, NJSC Naftogaz Ukrainy, faces opposition from a group that rejected previous plans to defer principal and interest payments on $835 million of already-defaulted debt.
Global oil markets remain balanced and OPEC+ producers don’t need to intervene, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
Activist investors are finding their European targets more willing to do away with management than heed calls for dramatic change—for now.
Seaborne exports fall to a six-week low with a 500,000 barrel a day production cut due to start in March
A fresh round of IMF bailouts is under way, and some of the world’s most indebted nations will have to sacrifice their currencies to get them.
Guy Hands’ Annington Property Ltd. kicked off a court battle in an attempt to stop the UK government from unwinding the heavily-criticized privatization of a military estate of thousands of homes, now worth some £8 billion ($9.6 billion).
Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack.
The investment firm of John Doerr, the billionaire chairman of Kleiner Perkins, will put $10 million into Complete Solaria, the solar company that’s merging with the blank-check vehicle started by Tidjane Thiam, a former CEO at Credit Suisse Group AG.
The euro-zone economy will fare better this year than previously feared as a mild winter and high levels of gas storage help to ease the energy crisis, and the labor market holds up, according to the European Commission.
