European oil giants step back from renewables path
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP (NYSE:BP) embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to…
Analysis-Headwinds hit Trump-fueled rally in US stocks
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P…
Global offshore wind industry poised to miss big targets as obstacles mount
By Nichola Groom and Nina Chestney (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the…
Alibaba aims to raise $5 billion in dual currency bond deal, sources say
By Scott Murdoch SYDNEY (Reuters) -China’s biggest e-commerce company Alibaba (NYSE:BABA) Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans…
Japan stocks lower at close of trade; Nikkei 225 down 1.05%
Investing.com – Japan stocks were lower after the close on Monday, as losses in the Real Estate, Shipbuilding and Financial Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.05%. The best performers of the…
Warner Bros Discovery, NBA settle legal battle over broadcast rights, WSJ reports
(Reuters) – Warner Bros Discovery (NASDAQ:WBD) has settled its breach of contract lawsuit against the National Basketball Association (NBA), the Wall Street Journal reported on Saturday, citing people familiar with the matter. The agreement will keep the media company in…