Maire CEO Weighs Options for Green Tech Unit to Extract Value
Italian engineering and tech group Maire SpA is weighing options to unearth value at its NextChem division, Chief Executive Officer Alessandro Bernini said.
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Italian engineering and tech group Maire SpA is weighing options to unearth value at its NextChem division, Chief Executive Officer Alessandro Bernini said.
Italy plans to move about €4.6 billion ($5 billion) originally earmarked for its embattled auto industry toward a business that currently has better prospects: defense.
Adani Enterprises Ltd. posted a nearly eight-fold surge in quarterly profit, as a strong show by airports and new energy units offset the drag from coal trading business. Shares rose.
PetroChina Co.’s profit fell in the third quarter amid lower global oil prices and continued weakness in the domestic economy.
Natural gas options are signaling European traders still see upside risk for prices, even after concerns linked to the Middle East have receded.
Saudi Arabia is seeking to invest more in projects around the world that turn oil into chemicals as it looks to lock in buyers for its crude.
The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries.
BP Plc maintained the pace of its quarterly buybacks at $1.75 billion even as weak oil prices put pressure on the company’s balance sheet.
Corporate America is sending an important signal this earnings season that the rally in US stocks can continue to broaden out beyond technology shares.
Fortescue Ltd. said the iron ore market may have misjudged fundamentals for the key steelmaking ingredient due to the hurdles involved in ramping up overall supplies, as output from existing mines wanes.
JSW Group and South Korea’s Posco Group will build an integrated steel factory in India with an initial capacity of 5 million tons a year.
Battle lines are being drawn as the government decides if it will split power pricing across regions.
The new South African coalition government’s resolve to control debt and expedite reforms to fire up the lackluster economy will be put to the test when it unveils its first budget on Wednesday.
Iron ore retreated from the highest close in two weeks on rising port inventories in China, the biggest importer of the steelmaking ingredient.
Bank of Korea Governor Rhee Chang-yong said economic growth may be closer to 2.2% this year in a downgrade from a previous projection, as policymakers keep a watchful eye on the current health of the economy.
The Inflation Reduction Act restored American manufacturing jobs – and gave China an opportunity to extend its dominance in some clean energy technologies.