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Senegal’s Petrosen Plans Its Own $100 Million Onshore Oil Search
Petrosen, Senegal’s state-owned oil company, plans to conduct its own $100-million exploration campaign this year to discover crude in onshore fields.
Quebec Pension Fund Halts Deals With DP World Over Epstein Files
Canada’s second-largest pension fund says it’s suspending future investment plans with DP World over alleged ties between the Dubai company’s chief executive officer and disgraced financier Jeffrey Epstein.
Rajeev Misra Ramps Up Private Equity Bets as SoftBank Scars Fade
Rajeev Misra helped transform SoftBank Group Corp. into one of the world’s largest technology backers before his tenure ended amid souring bets and internal clashes. Now he’s once again looking to make a splash by snapping up stakes in private firms.
US Stock Turnover Tops $1 Trillion a Day Amid Trading Surge
US equity markets are moving more money than ever before, blowing past $1 trillion in shares traded each day as heavy volume becomes the new norm.
US Says Trade Deal With India to Include Concessions on Pulses
India has agreed to phase out duties on a range of agricultural products including ‘certain pulses’ and ‘additional’ farm products, a White House fact sheet showed, fueling opposition criticism over lack of transparency and impact on farmers in the South Asia…
Banks Prep £1.2 Billion Debt Package for CVC’s Smiths’ Unit Buy
Banks are preparing to sell a jumbo debt financing backing the carveout of a unit of Smiths Group Plc that makes airport security scanners, the latest buyout financing set to come to market in a pick up of M&A activity.
UK Grid Operator Says Data Centers Could Hike Energy Prices
Large-scale data centers located in the wrong place or without flexible demand options could hike energy costs, the head of the UK’s grid operator said on Tuesday.
UBS Strategists Recommend Short on Junk-Rated European Retailers
UBS Group AG credit strategists suggest investors short the bonds of European junk-rated retail names, saying they trade at expensive levels that aren’t supported by broader economic conditions.
World Bank’s IFC Pledges Capital for Global Firms’ India Push
World Bank’s investment arm will help global investors set up India-focused funds, as it increases capital commitments in the country’s private equity space, said Neha Grover, regional lead for South Asia Funds Group at the International Finance Corp.
US Retail Sales Stall in December
US retail sales unexpectedly stalled in December coming in unchanged. Eight out of 13 retail categories saw decreases during the holiday season. Invesco's Kristina Campmany says consumers are on edge and being more selective. (Source: Bloomberg)
Disney Kicks Off Its First Investment-Grade Bond Sale Since 2020
Walt Disney Co. is offering high-grade dollar bonds for the first time since 2020, joining a record rush of activity as firms lock on in reduced borrowing premiums.
US Stocks Stall as Investors Digest Sluggish Retail Sales Data
US stocks were muted on Tuesday as investors examined the first of several key economic data releases this week in an attempt to find clues on the Federal Reserve’s interest-rate path.