Malaysia's Petronas Gas receives a nod for its internal reorganisation
Malaysia's Petronas Gas Berhad announced on Wednesday that the Finance Ministry has approved a tax exemption for a proposed reorganization plan which will transfer its core…
Sources say that India is considering a nuclear liability fund to cover major accidents.
Two government sources have confirmed that India is planning to create a nuclear liability funds to cover accident payments in excess of 15 billion rupies ($169 million), owed by plant owners.
Sources say that the German Economy Ministry is open to the idea of a SEFE-Uniper tie-up.
According to two sources familiar with the situation, the German economy ministry, which is responsible for the ownership of former SEFE Gazprom, would be open to combining the company with a bailed-out Uniper.
Mexico injects nearly $14 billion in Pemex following fresh debt offers
Mexico's Finance Ministry announced on Wednesday that it will inject almost $14 billion in the highly indebted Pemex state oil company after raising funds from two recent bond issues on international markets.
Nayara Energy Increases Fuel Sales to HPCL after EU Sanctions
India's Nayara Energy has raised fuel sales to state retailer Hindustan Petroleum Corp after the Russia-backed refiner's exports were hit by European Union sanctions, a government source said on Tuesday.Since t
Mexico's budget deficit will be lower by 2026, as the economy grows.
The Finance Ministry said in its budget proposal on Monday that Mexico expects the budget deficit to drop to 4.10% in 2026, due to the expected growth of the GDP. The government…
Orsted Shares Drop as US Halts Offshore Rhode Island Wind Farm
Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments.Orsted…
India will allow private companies to mine uranium and import it to aid nuclear expansion
Two government sources have confirmed that India wants to allow private companies to mine, import, and process uranium. This is part of a plan to end the decades-old monopoly…
Mexico announces plans to reduce debt of Pemex and boost investment
Mexico's government announced on Tuesday a plan to move its heavily indebted oil company Pemex towards financial independence, as well as the creation of a new vehicle for…
Brazil talks to TPG and Brookfield about $4 billion climate finance
Brazil is in discussions with global investors, including TPG and Brookfield, to raise almost $4 billion for climate projects. This comes as the country ramps up its green…
Chile bumps up copper price forecast, flags lagging Collahuasi output
Chile, the world's largest copper supplier, raised its forecast for prices on Wednesday. However it noted that lagging production from major mines operated by Glencore or…
Mexico announces debt sales to strengthen Pemex's struggling finances
The Mexican finance ministry announced a new operation Tuesday to strengthen the finances of Petroleos Mexicanos, the heavily indebted energy company owned by the government.
Copper futures rise after Trump announces a 50% tariff on imported copper
The President Donald Trump announced that he would announce a 50% copper tariff on Tuesday in order to increase U.S. production. Copper is a critical metal for electric vehicles…
Trump announces a 50% tariff on imported copper
The President Donald Trump announced on Tuesday that he would announce a 50% duty on copper in the afternoon, with the aim of increasing U.S. production. Copper is a critical metal for electric vehicles…
Russia's budget revenues from oil and gas fell 35% year-on-year in May
The Finance Ministry reported on Wednesday that Russia's oil revenue fell by 35% to 512.7 billion roubles (about $6.55 billion) in May compared to the same month a previous year.
Sources say that Brazil will offer tax incentives to attract data center investment.
Four sources with knowledge of the matter said that the Brazilian Finance Minister Fernando Haddad is planning to start a trip this week to Silicon Valley with a plan designed…
In June, Russia's budget revenues from oil and gas fell by a third on an annual basis
The Finance Ministry reported on Thursday that Russia's oil-and-gas revenue in June fell 33.7% compared to the same period last year, falling to 494.8 billion Russian roubles (6.29 billion dollars)…
Ethiopia signs mineral and energy deals valued at $1.7 billion with Chinese companies
Ethiopia's Finance Ministry said that it has signed deals worth over $1.7 billion with Chinese companies, mainly in the minerals and energy sector. The East African nation…
Oman's sovereign wealth fund signs preliminary agreement with Algeria to invest in a fund
The Oman Investment Authority has signed a preliminary deal with the Algerian Finance Ministry for establishing an investment fund in the amount of 115 million Omani Riyals ($298.79 Million).
Investors assess US-Canada Trade Talks and TSX increases
Investors assessed the revival in trade talks between Washington & Ottawa. The S&P/TSX Composite index rose 0.2% to 26733.42 point, logging its fourth consecutive quarter of positive growth.