Naftogaz, a Ukrainian gas transport company, has won a $1.4 billion case against Gazprom.
Naftogaz, the Ukrainian state-owned energy company, announced on Friday that it had won a legal case against Gazprom in Russia over the payment for a debt of $1.4 billion for gas transport. The Swiss Federal Supreme Court rejected a request from Gazprom seeking to reverse an arbitral award made in June 2025 that ordered it to pay more than $1.4billion to?Naftogaz, along with interest.
Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's top court ruled that Spain cannot claim immunity in order to prevent a multimillion euro award being made?over the reduction of renewable energy incentives. This limits states' rights to claim immunity when they are involved in disputes with investors. The Supreme Court stated, however, states can claim immunity with respect to the execution of a arbitration award against state property.
Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's highest judicial court ruled that Spain could not claim immunity to prevent a'multimillion-euro' award for cuts in renewable energy incentives from being registered. This limits the ability of states to claim immunity when they are involved in disputes with investors. Infrastructure Services Luxembourg and Energia…
Venture Global shares soar after court rejects Shell’s challenge to LNG ruling
Venture Global's shares jumped by more than 8% Tuesday, reaching their highest level since 10 October after a New York court rejected Shell's bid to overturn an arbitral award in favor of the U.S. gas developer. The British oil giant had originally filed a complaint regarding Venture Global's alleged improper sales of LNG, but lost the arbitration in August. Shell appealed the decision in November.
Venture Global shares soar after court rejects Shell’s challenge to LNG ruling
Venture Global soared 17% on Tuesday in premarket trading after a New York court denied Shell's request for an arbitration award which favored the U.S. based developer of liquefied natural gas. The British oil giant had originally filed a complaint regarding Venture Global's alleged improper sales of LNG, but lost the arbitration in August. Shell appealed the decision in November.
NY court refuses overturn arbitral ruling that favors Venture Global over Shell
A state judge in New York rejected Monday the request of British oil giant Shell to overturn an arbitration award which favored Venture Global. The dispute was about Venture Global's alleged improper sales of liquefied gas by American company. Justice Joel Cohen, of the Supreme Court of California, determined that no further discovery was necessary because the court must defer to arbitral rulings.
Raychaudhuri: Indian equities are a bright spot in the market.
Indian stocks, once the darlings of global investors have been underperforming other emerging markets in the past year due to?trade tensions and falling earnings estimates, while high valuations also dulled their shine. Changing domestic and geopolitical tendencies may attract global investors again. Last year, the main problem for…
Watch these stocks as Trump's tariffs create more uncertainty
After a Supreme Court decision last week that ruled against his larger levies, tariff uncertainty has returned. Wall Street analysts expect emerging market exchange-traded fund and retailers to benefit in the end. Here are some stocks, ETFs, and sectors that could be affected by the latest twists in the?U.S. Analysts at Jefferies pointed…
Palm falls overnight on weakness in Chicago soyoil; ringgit firmer
Malaysian palm futures continued to decline on Monday. They were weighed down by weaker crude oil, overnight weakness in Chicago soyoil and a stronger ringgit. The benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for May delivery lost 8 ringgit or 0.2% to close at 4,084 Ringgit ($1,050.41) per metric ton. The dollar strengthened by 0.31%…
Palm falls overnight on weakness in Chicago soyoil; ringgit firmer
Malaysian palm futures continued to fall on Monday. They were weighed down by weaker crude oil, overnight weakness in Chicago soyoil and a stronger ringgit. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange had fallen 29 ringgit or 0.71% to 4,063 Ringgit ($1,044.74) per metric ton. The dollar strengthened by 0.28%, increasing the price of the palm for foreign currency buyers.
Trump's tariff reversal may reduce costs for US energy companies, but it will likely not affect broader flows.
Although the U.S. Supreme Court’s decision to overturn trade tariffs that President Donald Trump imposed last year could ease costs for certain?oil drillers and producers, analysts and experts said that energy flows in general would?remain unchanged for now. The ruling of the court could lower the cost to build LNG plants and large…
Trump EPA will weaken the rule limiting harmful air toxins and mercury from coal plants
The Trump administration announced Friday that it would roll back clean air regulations that limit mercury and hazardous toxic pollutants from power plants. Public health groups warned it would harm America's most disadvantaged. The Environmental Protection Agency of President Donald Trump has stated that easing pollution standards would?alleviate the costs for utilities who run older coal-fired plants…
Trump EPA will weaken the rule limiting harmful air toxics and mercury from coal plants
The Trump administration announced Friday that it would roll back air regulations for power plant?limiting mercury, and hazardous air toxin at an?event? in Kentucky. It says this will boost baseload electricity but public health groups claim it will harm the health of America's most vulnerable populations. The EPA of President Donald…
Trump ends US vehicle emission standards, revokes climate regulations
On Thursday, the administration of President Donald Trump announced that it had repealed a scientific conclusion that greenhouse gasses endanger human life and removed federal tailpipe emission standards for cars and trucks. The administration has rolled back its climate change policies in the most dramatic way possible, following…
Shell's legal battle against Venture Global is centered on communication with the engineer, a court transcript shows
Shell's appeal against its arbitration loss to liquefied gas producer Venture Global centers on possible communications between the U.S. company and independent engineer Lummus Consultants. A draft court transcript, seen by shows, details these potential communications. The transcript of a New York Supreme?Court?hearing on January…
India's largest tax disputes involve foreign companies
In India, foreign companies have complained of tax uncertainty and long-running litigation over alleged duty evasion or levies payable in large M&A transactions. These are the most high-profile tax cases that have been reported in India. India's highest court will convene on January 15, 2019. Tiger Global is "subject to tax" on its…
Sources say that the Brazilian police have issued warrants to businessmen involved in an investigation into Banco Master.
Two sources familiar with this matter said that the Brazilian federal police issued search and seizure warrants on Wednesday against businessmen Nelson Tanure and Daniel Vorcaro as part of a probe into an alleged fraud at Banco Master. The raids were part of the second stage of an operation that began in November and led to Vorcaro's…
Trump revises Biden's tweak to the clean water rule
The Trump administration proposed on Tuesday a rule that would revise pollution protections from the Biden era?for waterways. According to the Environmental Protection Agency, this move?would accelerate permitting for energy and artificial intelligence infrastructure. The rule is a result of the former administration of Joe Biden's 2023 completion of the Clean Water Act's 401 section.
US Supreme Court rejects Citigroup's appeal in lawsuit against Mexican oil company fraud
The U.S. Supreme Court declined to hear Citigroup’s appeal on Monday, despite the fact that the lawsuit accused the?bank for orchestrating a massive fraud against the Mexican oil and gas company Oceanografia. This lawsuit claimed the?bank caused more than $1 billion in losses. The Justices rejected Citigroup's appeal against a May…
European stocks reach record highs as Glencore leaps on Rio Tinto's interest
European shares reached a record high on Friday, boosted by an 8.3% increase in Glencore. This put the 'STOXX 600 index on course for its longest winning streak since last May. After two sessions of losses the rebound shows that investors are resilient, despite weak earnings reports, and geopolitical tensions caused by U.S. action in Venezuela. Glencore shares reached their highest level since July 2024.