Author: Press Room

© Reuters. Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Pension fund AustralianSuper said on Thursday it intended to vote against Brookfield-consortium’s “best and final” takeover offer for Origin Energy Ltd that valued the power producer at A$16.40 billion ($10.53 billion). The consortium’s sweetened offer of A$9.53 per share comes days after AustralianSuper, Origin’s biggest shareholder, rejected the prior offer of A$8.81 apiece. (This story has been refiled to fix a typo in paragraph 1)

4/4 © Reuters. FILE PHOTO: People wearing sun protection gear amid a heatwave walk on a street in Beijing, China July 1, 2023. REUTERS/Tingshu Wang/File Photo 2/4 By Jake Spring and David Stanway (Reuters) – Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate change. That’s the unpalatable conclusion reached by scientists poring over the results of China’s decade-long and highly effective “war on pollution”, according to six leading climate experts. The drive to banish pollution, caused mainly by sulphur…

Chord Energy declares $2.50 dividend

Former House Speaker Nancy Pelosi, D-Calif., informed the House of Representatives on Wednesday that she was served a subpoena “to produce documents in a criminal case” in California.Pelosi’s statement related to the subpoena was read by the House Clerk, which standard when a member is issued a subpoena related to a civil or criminal matter.”This is to notify you formally pursuant to Rule Eight of the rules of the House of Representatives, that I, the Honorable Nancy Pelosi, Speaker Emerita, and U.S. Representative for the 11th Congressional District of California, have been served with third party subpoenas from the prosecution…

GCT announced this morning that the company has completed its previously announced acquisition of Noble House Furnishings LLC, which filed for bankruptcy in […]

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Surveyors reported their gloomiest assessment of UK housebuilding since the onset of the pandemic in the three months to September, suggesting that construction output is falling and adding to housing supply shortages. The Royal Institution of Chartered Surveyors on Thursday said its housebuilding workload activity index, which captures the difference between the percentage of those reporting an expansion in workload and those reporting a contraction, plummeted to minus 26 in the third quarter from minus 12 in the previous three months.The slowdown…

© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar fell broadly on Thursday, tracking a slide in U.S. Treasury yields as markets grew more convinced the Federal Reserve was done with its aggressive monetary policy tightening cycle after it left rates unchanged. The Fed on Wednesday held interest rates steady as widely expected, as policymakers struggled to determine whether financial conditions may be sufficiently tight to control inflation. However, Fed Chair Jerome Powell acknowledged that…

© Reuters. BlackRock (NYSE:), the investment firm associated with Larry Fink and recognized for its ETFs ESG Aladdin, is expanding its horizons by entering the rapidly growing private credit market. This strategic move adds a fresh facet to its $9.1 trillion portfolio. The private credit industry, currently valued at $1.75 trillion, has seen significant growth due to high-interest rates and strict lending standards imposed by large banks. These conditions have paved the way for investment firms or ‘shadow banks’ to provide alternative financing options to borrowers, typically at elevated interest rates. Despite the new venture, BlackRock’s stake in the private…

© Reuters. Investing.com– Oil prices jumped from a one-month low in Asian trade on Thursday as weak U.S. economic readings and middling comments from the Federal Reserve saw traders pricing in a diminished chance of more interest rate hikes, denting the dollar. Crude prices were reeling from a 10% drop in October, as investors saw a much lower risk premium from the Israel-Hamas war. Recent reports also indicated some deescalation in the conflict, as over 300 foreign nationals and injured people were allowed to leave Gaza. Prices were also pressured by fears of worsening demand in the coming months, following…

onurdongel/E+ via Getty Images Oneok (NYSE:OKE) still considers the construction of a liquefied petroleum gas export terminal on the Gulf Coast as a high priority, even as it pursues shorter-term synergies created by its recent acquisition of Magellan Midstream Partners, company executives said on Wednesday’s post-earnings conference call. “The export dock isn’t further down the list,” Oneok (OKE) VP Sheridan Swords said during the call, as reported by the Oil Price Information System, “but it’s a much longer-term project vs. others in the synergy category.” Execs on the call said the Magellan acquisition will provide Oneok (OKE) with greater prospects…