Grid cleaning initiative enhances safe ops of substations
On June 19, State Grid Shizuishan Power Supply Co in Ningxia Hui autonomous region kicked off the washing of substations,…
Volkswagen to invest US$5bil in EV venture with Rivian
Volkswagen AG (VW) will invest US$5bil to form a joint venture with electric vehicle (EV) maker Rivian Automotive Inc, throwing…
Nervous investors tear up ESG playbooks
An anti-green backlash in 2024’s global election-supercycle is already taking a toll on environmental, social and governance (ESG)-focused assets, with…
Big-bank dealmakers to keep moving to boutiques
The flow of top dealmakers from traditional bulge-bracket firms to boutique investment banks is likely to continue as smaller shops…
Quantum said to strike US$1.8bil deal for Caerus
Quantum Capital Group has agreed to buy Caerus Oil and Gas in a deal that values the Rocky Mountain energy…
Viability test looms for sustainability-linked bonds
Scrutiny of environmental progress at Japanese businesses is rising as assessment dates loom for sustainability-linked bonds that have been issued…
Bond traders bet on 300 bps of Fed cuts by March
Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s (Fed) interest rate path:…
UK Labour to seek economic growth of 2.5%
Keir Starmer, who polls show is on course to be Britain’s next prime minister, says his Labour Party would target…
Rate cut to come at some point, says Cook
Federal Reserve (Fed) governor Lisa Cook says it will be appropriate to reduce interest rates “at some point”, adding that…