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HomeFinance

Finance

Newmont
Finance

Newmont to sell mines after Newcrest acquisition

November 7, 2023 Mariel Alumit

Newmont Corp. (NYSE: NEM) plans to raise $2 billion in cash through mine sales and project divestments following the acquisition of Australia’s Newcrest Mining. The approximately $15 billion deal was completed on Monday. The acquisition […]

UK
Finance

UK probably in recession – Bloomberg

November 7, 2023 Mariel Alumit

7 Nov, 2023 09:52 HomeBusiness News The country’s GDP data for Q3 is due later this week, but analysts suggest all signs point to a contraction The UK is likely already in a recession due […]

Finance

The Eurozone Disaster – Between Stagnation and Stagflation

November 7, 2023 Mariel Alumit

Authored by Daniel Lacalle, The Eurozone economy is more than weak. It is in deep contraction, and the data is staggering. The Eurozone Manufacturing purchasing managers’ index (PMI), compiled by S&P Global, fell to a […]

geoeconomics
Energy Crisis

In the rapidly shifting world of geoeconomics, the Rest is getting tired of the West

November 6, 2023 Mariel Alumit

If you have not heard about the rise of geopolitics over the past year, where have you been hiding? So now I want to complicate your lives further and introduce you to its lesser-known but […]

Shell
Big Oil Companies

Shell Prefers Share Buybacks over Big Acquisitions: CEO

November 6, 2023 Mariel Alumit

Shell PLC’s capital deployment strategy favors repurchasing company stocks more than absorbing rivals, chief executive officer (CEO) Wael Sawan has said, in contrast to USA competitors Chevron Corp. and Exxon Mobil Corp. Reporting a 23 […]

Finance

Turkey Is Sustaining Major Inflation. Something Has To Give

November 6, 2023 Mariel Alumit

Authored by Doug French via The Mises Institute, Bloomberg reports that price inflation in Turkey was more than 60 percent in September. The 61.5 percent reading was released by the Turkish government’s statistical office. Being […]

Climate Crisis

Daily Energy Standup Episode #245 – Berkshire’s Record Cash Pile, Nuclear Reactor Requests, Wind Project Cancellations, and EU Sanctions

November 6, 2023 Andy Del Prado

Daily Standup Top Stories Berkshire Cash Pile Hits All-Time High $157 Billion, As Buffett Sells A Record $38BN In Stock In Past Year November 5, 2023 Allen Santos Over the years, Warren Buffett has been opportunistic […]

US Dollar
Finance

Death of dollar predictions are ‘no exaggeration’ – ex-White House adviser

November 5, 2023 Mariel Alumit

The growing use of national currencies by BRICS countries is likely to speed up de-dollarization, economist Joe Sullivan says The US dollar is facing a growing challenge from BRICS countries due to the bloc’s planned […]

Buffett
Finance

Berkshire Cash Pile Hits All-Time High $157 Billion, As Buffett Sells A Record $38BN In Stock In Past Year

November 5, 2023 Mariel Alumit

Over the years, Warren Buffett has been opportunistic and “fluid” with his ideals and political opinions – he describes himself as a “democrat” yet without batting an eyelid will demand government bailouts for his portfolio […]

Denbury
Finance

Exxon completes $4.9 billion Denbury acquisition

November 3, 2023 Mariel Alumit

Oil Price ExxonMobil said on Thursday it had completed the acquisition of carbon solutions provider Denbury in an all-stock transaction valued at $4.9 billion, which makes the U.S. supermajor the holder of the largest owned and operated […]

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