MUFG Americas CEO: AI data centres will boost renewable energy demand, even under Trump
Mitsubishi UFJ Financial Group, the largest Japanese banking group, has said that the U.S.'s shift to renewable energy will continue under Donald Trump. Kevin Cronin, chief executive officer of MUFG Americas…
Oil Falls on Demand Worries, Market Awaits Fed Advice
Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a U.S.
Oil Falls as Chinese Demand Sags, Fed Ponders Rate Cut
Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world's largest oil importer, and as investors paused buying ahead of the U.S.
AVG US Gasoline Price Lowest in 3 Years
On Monday, the average U.S. gas prices dropped below $3 per gallon for the very first time in more than three years. This is a welcome relief for Americans who have been struggling…
NTPC Green's IPO attracted bids of $1.8 bln, making it the third largest listing in India this year.
NTPC Green Energy (the renewable energy arm of the state-owned NTPC) received bids totaling 154.06 Billion Rupees ($1.83 Billion) for its $1.2 Billion initial public offering on Friday…
NTPC Green’s $1.2 billion IPO is fully subscribed by the final day in India’s bet on renewable energy
Investors bet on India's growing need for clean energy. The $1.2 billion NTPC Green Energy initial public offering was fully subscribed by Friday's closing day of the sale.
Cyfrowy Polsat doubles its profit, beating forecasts
Cyfrowy Polsat, a Polish media group, reported a 106% increase in net profit to 248.9 millions zlotys (60.35millions) for the third quarter compared with a year ago, as depreciation…
A2A, Italy's largest company, raises its profit forecast for 2024 and dividend growth through 2035
A2A, an Italian company, raised its core and net profit forecasts for 2024 on Tuesday. The company reported a net profit increase of around 70% in the nine-month period to 713 millions euros ($757.9million).
EIP, a Swiss asset manager, increases its stake in Eni Plenitude from 10% to 10%
Eni announced that Swiss asset manager Energy Infrastructure Partners will increase its stake in Eni Plenitude to 10%. The deal values the group’s retail and renewable businesses at more than 11 billion euros…
Holiday schedule for US economic and other data
Veterans Day, a federal holiday, will impact the release of major economic, energy, and commodities reports that originated from Washington or were filed there during the week of November 10. The schedule is below.
Enel reports 6.5% increase in core profit for the 9-mth period on renewable energy growth
Enel, Italy's largest utility, announced on Wednesday that its core profit for the nine months ended September rose by 6.5% on an annual basis, largely due to a strong production of renewable energy…
Public Service Enterprise Group exceeds Q3 profit expectations on the back of higher sales
Public Service Enterprise Group surpassed Wall Street expectations for the third quarter profit on Monday as the electric utility and gas utility benefitted from higher retail…
Xcel Energy announces $45 billion investment plan and higher quarterly profits
Xcel Energy announced a higher third-quarter profit Thursday. This was due to a greater demand for electricity among industrial and commercial customers, as well as lower cost.
Budgets for UK mid-caps are boosted by pubs, builders and bookies
The UK midcap stocks rose on Wednesday, as investors deemed that the first UK budget of the new Labour government was less punitive than they had feared. Mid-cap shares outperformed blue-chip stocks…
Walmart cuts Walmart Plus price in half for the holidays
Walmart announced on Monday that it will offer its membership service Walmart Plus at a discount of 50% ahead of the holidays, in an effort to compete with Amazon.com Prime subscription services.
Eni, Italy's energy company, will see 2.5 billion euros in net proceeds from its disposals by 2025
Francesco Gattei, the Chief Transition & Finance Officer of Italian energy giant Eni, said that it expects to receive net proceeds of 2.5 billion euros ($2.7billion) from further disposals next year.
Financial Times - Oct 16
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. BBC, the British broadcaster…
Tereos warns that its results will be weaker as EU sugar prices plummet
Tereos CEO Olivier Leducq said that a fall in European sugar price more than expected in recent months, due to large supply, will impact the company's results in the second half.
Holiday schedule for US economic and other data
The Columbus/Indigenous Peoples Federal Holiday on Monday, October 14, will affect the release of major economic, energy, and commodities reports during the week of Oct. 13.
Hyundai will launch a $3 billion India IPO next Monday at 1,865-1.960 rupees per shares, according to sources
Sources said that Hyundai Motor India will begin accepting subscriptions next week. The price per share will be in the range 1,865-1,960 rupees (22-23 dollars), they added.
