Business

Venezuela’s Oil Minister Went to Houston and Signed Two Deals

Venezuela’s Oil Minister Went to Houston and Signed Two Deals

Venezuela's oil minister signed agreements with SLB and Hunt Oil in Houston and told investors the country is ready to sign production-sharing contracts. The post Venezuela’s Oil Minister Went to Houston and Signed Two Deals appeared first…

Travelodge boss quits amid fallout over hotel chain’s security failings

Travelodge boss quits amid fallout over hotel chain’s security failings

Joanna Boydell steps down after widespread criticism over company’s handling of guest safety issues The boss of Travelodge has resigned after widespread criticism of her handling of security failings at the hotel chain, including a…

NSE Said to Plan Allowing Trading Its Shares on Own Platform

National Stock Exchange of India Ltd. may allow its shares to trade on its own platform after listing them on rival BSE Ltd., people familiar with the matter said, a move that could eventually shift trading volumes and pave the way for the…

European Stocks Extend Worst Losing Streak in Three Years

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Ethiopia Birr Hits Record Low as Central Bank Sells US$500 Million in One Day

Ethiopia Birr Hits Record Low as Central Bank Sells US$500 Million in One Day

The National Bank of Ethiopia called an unscheduled US$500 million sale for 20 August, matching its entire planned allocation for the quarter in a single day. The post Ethiopia Birr Hits Record Low as Central Bank Sells US$500 Million in…

Younan: Regional Tensions Not New for Sovereign Funds

Strategic partnerships are becoming increasingly important for sovereign wealth funds in the Gulf region. Despite recent geopolitical volatility, Gulf SWFs have continued investing actively, in an effort to prioritize long term value…

Shein Seeks to Rope In Boyu, UBS as IPO Cornerstone Investors

Asian private equity firm Boyu Capital and an asset management arm of UBS Group AG are among firms in talks to become cornerstone investors in Shein Global Holdings Ltd.’s Hong Kong initial public offering, people familiar with the matter…

Arayssi: Israel View Syria As Turkey’s Proxy in Mideast

Tensions between Turkey and Israel flared after Israel launched airstrikes on a shuttered air base in northern Syria following a recent visit by a Turkish delegation. Dania Arayssi, Program Head and Senior Analyst at the New Lines…

Relax, everyone: Elon Musk has a mantra to make the climate crisis go away | Emma Brockes

Relax, everyone: Elon Musk has a mantra to make the climate crisis go away | Emma Brockes

It’s simple, says the SpaceX boss – according to something called the ‘Kardashev scale’, we just have to move energy production ‘off-planet’ Next time the weather gives the UK 61 days without rain and we wonder idly if this is the end…

Singapore's Temasek is on a hot streak in India as three bets surge after IPOs

CNBC

Singapore's Temasek is on a hot streak in India as three bets surge after IPOs

Three of Singapore state investor Temasek's portfolio companies in India have jumped more than 30% in listings this week after contrarian bets in the country.

CNBC

Brazil Court Orders Retailer Casas Bahia to Rehire Workers

Brazil Court Orders Retailer Casas Bahia to Rehire Workers

A labor judge in Brasilia suspended Casas Bahia's August mass layoffs and gave the retailer five days to restore the contracts. A day later, a Sao Paulo court granted only part of the creditor protection it sought. The post Brazil Court…

Russian missile attack kills at least 13 in Kyiv

Financial Times