Europe Gas Advances as Lower Norway Flows Add to Supply Risks
European natural gas prices extended gains as a slump in Norwegian exports added to lingering concerns about possible disruptions at key Australian export facilities.
Bloomberg Business
Vietnam PM Fighting for Future as Economy Lags Growth Target
While disagreements are common between elected leaders and central bankers, they’re unusual in one-party, Communist-run nations. When they do happen, it’s usually the sign of a power struggle.
Oil Steadies as China Stimulus Moves Vie With Demand Concerns
Oil held a gain as China announced measures to boost its stock and property markets, helping offset concerns about increased supply and monetary tightening in the US and Europe.
Turkey, US Joint Military Drills Come Amid Thaw in Relations
Turkey and the US held their largest joint military exercises in at least seven years, a sign of improving ties as President Recep Tayyip Erdogan seeks another meeting with Joe Biden next month.
Emerging-Market Funding Gets Creative as Dollar Bonds Dry Up
At the BRICS summit in Johannesburg this week, a key item on the agenda was reducing dollar dependence across emerging markets. In bond sales, it’s already happening.
Drones, AI and Goats: The New Playbook to Curb Wildfires
Wildfires of unprecedented intensity are forcing firefighters in Europe to rapidly adopt more sophisticated and unusual techniques.
Saudi PIF, Holders to Offer 30% Stake in Ades IPO
Saudi Arabia’s sovereign wealth fund, ADES Investments Holding Ltd. and Zamil Group Investment Ltd. plan to sell shares in oil and gas driller Ades International Holding in a local initial public offering, set to be one of the kingdom’s biggest this year.
Fortescue Iron Ore Chief Hick Exits as China Woes Hit Profit
Fortescue Metals Group Ltd. joined iron-ore mining peers in posting lower profits due to China’s economic downturn, and announced the sudden departure of the head of its metals division.
Evergrande Delays Restructuring Votes Just Hours Before Start
China Evergrande Group delayed key votes on its offshore-debt restructuring plan just hours before they were to occur Monday, adding to uncertainty in a protracted process to finalize one of the country’s biggest restructurings ever.
China’s Zijin Mulls $3.8 Billion Expansion of Serbia Copper Mine
China’s Zijin Mining Group Co. is developing plans to expand its copper mine in eastern Serbia due to demand for the metal considered vital to the global energy transition — an effort that could cost billions of dollars.