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News
European Bond Selloff Deepens as ECB Flags Inflation Risks
3+ day, 21+ hour ago (566+ words) (Bloomberg) -- A selloff in European bonds extended after European Central Bank President Christine Lagarde flagged risks to inflation, adding to investors’ ongoing concerns about elevated energy prices. Germany’s two-year yield rose as much as 12 basis points to 3.19%, the highest in…...
Australia Softens LNG Reservation Plan, Making 20% Domestic Gas Requirement a Cap
4+ day, 41+ min ago (488+ words) Australia's Department of Foreign Affairs and Trade (Bloomberg) -- Australia eased plans to force liquefied natural gas exporters to reserve supplies for domestic users, replacing a fixed requirement with an annual cap based on demand. Producers will be required to keep…...
Google to Invest €13 Billion in AI Infrastructure in Finland
4+ day, 23+ hour ago (684+ words) (Bloomberg) -- Alphabet Inc.’s Google is planning its biggest investment in Europe, an artificial intelligence infrastructure build out worth at least €13 billion ($15.1 billion) in Finland. The investments over the next two years will include the construction of at least three…...
Qatar Has Widest Deficit in a Decade as Hormuz Ties Up Gas Trade
5+ day, 21+ hour ago (432+ words) (Bloomberg) -- Qatar posted its widest quarterly budget deficit in almost a decade, as natural gas revenue all but evaporated with the between the US and Iran effectively shutting the Strait of Hormuz. The country had a budget shortfall of 21.2 billion…...
Nuclear Supplier Holtec Seeks to Raise $900 Million in US IPO
6+ day, 1+ hour ago (398+ words) (Bloomberg) -- Nuclear supplier Holtec Nuclear Corp. is seeking to raise as much as $900 million in a US initial public offering, as companies seek to capitalize on data centers’ growing power demands. The Camden, New Jersey-based firm plans to market 50 million…...
Thailand Maps Plan to Source 89% of Power From Clean Energy
6+ day, 4+ hour ago (483+ words) (Bloomberg) -- Thailand is considering generating 89% of its electricity from cleaner sources by 2050 as it formally puts a more ambitious long-term power plan to public consultation. The draft released Tuesday sets a minimum clean-power share of 65%, with several more aggressive options…...
Spain Got a Head Start on Renewables — Now It Needs a Battery Revolution
1+ week, 7+ hour ago (1411+ words) (Bloomberg) -- Spain’s big bet on renewables got started early, if slowly. By the mid-1990s, the industry was still so low-tech that when a turbine blade broke at what was then Spain’s largest wind farm, José Manuel Entrecanales would bring in…...
Japan Says Progress Made on $550 Billion Investment Pact With US
1+ week, 1+ day ago (399+ words) (Bloomberg) -- Japanese Trade Minister Ryosei Akazawa said progress was being made on a $550 billion investment initiative set up as part of a trade deal with the US last year. “We’ll continue working closely with the US,” Akazawa said. He spoke…...
European Gas Steadies as Trump Says Iran Strikes Will Be Short
1+ week, 4+ day ago (275+ words) (Bloomberg) -- Europe’s natural gas rally took a breather as US President Donald Trump appeared to rule out prolonged military action in the Middle East, raising hopes for renewed talks on recovering energy flows from the region. Benchmark futures slipped after…...
European Gas Climbs for Third Day as Mideast Supply Risks Grow
1+ week, 5+ day ago (442+ words) (Bloomberg) -- European natural gas rose for a third day as renewed fighting between the US and Iran dimmed hopes for any near-term resumption of energy flows via the Strait of Hormuz. Benchmark futures advanced as much as 4.3% on Wednesday before…...