Intensifying concern over the impact of a China Evergrande Group default is rippling through the nation’s financial markets.
Europe’s energy crunch has forced a major fertilizer maker to shut down two UK plants, the first sign that a record rally in gas and power prices is threatening to slow the region’s economic recovery.
Global oil demand may average 100.03mn barrels per day (bpd) in 2022, up 4.24mn bpd from 2021; Rystad Energy said and noted that in a slow vaccination scenario, it expects oil demand to only reach 99.07mn bpd.
Inma Holding Company on Thursday said its fully-owned brokerage arm Wasata Financial Securities will begin liquidity provisioning for the newly listed Mekdam Holding from October 3.
British retailer Marks and Spencer said Thursday it planned to shut more than half its stores in France with Brexit affecting supplies of fresh and chilled products.
ACWA Power International, one of Saudi Arabia’s main vehicles for building renewable energy projects, is set to raise up to 4.55bn riyals ($1.2bn) in what would be the biggest offering in Riyadh since Saudi Aramco’s listing.
Top German executives urged the country’s next government to lay out a plan to keep Europe’s largest economy competitive in the face of an array of technological and political challenges.
India’s plans to list state-run Life Insurance Corp (LIC) face an unusual problem: domestic law firms are shying away from advising the government, deterred by the low fees on offer at the time of a lucrative boom in corporate stock listings.
Investors managing more than $10tn on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.
Running a “knowledge-based business” is a key factor to maintaining employee efficiency and optimum operations as companies are steadily adopting flexible work schedules, said Dr Mohamed Althaf, director, LuLu Group International.