FPL, stakeholders reach tentative deal to keep electric bills below national average through 2029
Juno Beach, FL – Florida Power & Light Company says it has reached an agreement in principle with major stakeholders on a four-year rate settlement aimed at keeping customer bills well below…
TIM values landline grid about 20 billion euros in single broadband deal, sources say
MILAN – Telecom Italia (TIM) has attached an enterprise value of around 20 billion euros ($21.5 billion) to its landline grid which the former phone monopoly is considering selling as part of…
Israel, United Arab Emirates to sign free trade deal on Tuesday- Israel econ ministry
JERUSALEM – Israel and the United Arab Emirates (UAE) will sign a free trade agreement in Dubai on Tuesday in a move aimed at boosting trade between the two countries, Israel’s Economy…
Ukraine aide says any Moscow deal not worth ‘broken penny’, Zelenskiy says Russia officials powerless
KYIV -Ukrainian presidential adviser and peace talks negotiator Mykhailo Podolyak said on Saturday that any agreement with Russia could not be trusted, adding the only way to stop Moscow’s invasion was by…
Siemens Mobility wins $8.7 billion high-speed rail deal in Egypt
BERLIN – Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its consortium partners to build about 2,000 kilometres of high-speed railways, the German group said…
China signs deal with Samoa as Australia vows Pacific Islands plan
SYDNEY – China’s foreign minister signed a deal with Samoa on Saturday to strengthen diplomatic relations, while Australia’s new leader said he had a “comprehensive plan” for the Pacific, as Beijing and…
‘Like A Roller Coaster’: Natural Gas Prices Surge, Inventories Drained Following Biden’s EU Deal
‘Like A Roller Coaster’: Natural Gas Prices Surge, Inventories Drained Following Biden’s EU Deal Thomas Catenacci on May 26, 2022 U.S. natural gas prices have skyrocketed nearly 150% this year while inventory…
Bank of Canada 50-basis-point June 1 hike a done deal, economists say: Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will hike its overnight rate by 50 basis points on June 1, according to all 30 economists polled by Reuters, who see interest…
China and U.S. are committed to reach audit deal, Chinese regulator says
By Xie Yu HONG KONG – China and the United States are committed to reach an arrangement on the audit inspection issue that is in line with legal and regulatory requirements for…
Global digital tax deal might not be ready until early 2024 – France
PARIS – A global digital tax deal might not be ready until the end 2023 or early 2024, French Finance Minister Bruno Le Maire said on Tuesday, flagging a big delay to…
Uber seals taxi deal to expand its business in Italy
MILAN – Uber Technologies Inc has clinched a deal to integrate its ride-hailing app with Italy’s largest taxi dispatcher as it seeks to boost its presence in the eurozone’s third-largest economy, the…
UK’s Johnson talks Ukraine, trade deal with new Australian counterpart
LONDON – British Prime Minister Boris Johnson agreed with his newly-elected Australian counterpart Anthony Albanese that the Ukrainian war must not encourage other countries to undermine global stability, Johnson’s spokesperson said on…
Italy’s TIM, CDP eye preliminary deal on single network, sources say
MILAN – Telecom Italia (TIM) is eyeing a preliminary agreement with state lender CDP over a long-held plan to merge TIM’s network assets with those of state-backed rival Open Fiber as early…
China’s Sinosteel signs $680 million iron ore mine deal with Cameroon
By Amindeh Blaise Atabong YAOUNDE – Cameroon’s government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks…
El Salvador’s credibility would benefit from IMF deal – Moody’s
By Jorgelina do Rosario LONDON – El Salvador lacks credibility in managing its finances and would benefit from a program with the International Monetary Fund, an official at ratings agency Moody’s said…
Musk’s $44-billion deal for Twitter proceeding as expected – Bloomberg News
(Reuters) – Twitter Inc executives told staff that Tesla Inc Chief Executive Elon Musk’s $44-billion deal was proceeding as expected and would not renegotiate the offer price, Bloomberg News reporter tweeted on…
Tallgrass Energy, ADM plan CO2 transport and sequestration deal
By Liz Hampton DENVER – Pipeline firm Tallgrass Energy on Wednesday said it will convert a natural gas pipeline into carbon dioxide service, and ship CO2 from an Archer-Daniels-Midland Co corn-processing plant…
U.S.-Taliban deal biggest factor in collapse of Afghan forces, watchdog says
By Kanishka Singh WASHINGTON – The biggest factor that led to the collapse of the Afghan military in August last year was the U.S. decision to withdraw forces and contractors from Afghanistan…
Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa
LONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four times that…
Trump’s social media app may raise up to $50 million before deal closes -filing says
By Echo Wang (Reuters) – Former U.S. President Donald Trump’s new social media venture disclosed in a regulatory filing on Monday it may raise up to $50 million through convertible notes before…
Aircraft lessor SMBC to buy rival Goshawk in $6.7 billion deal
By Padraic Halpin DUBLIN – SMBC Aviation Capital agreed on Monday to buy smaller rival Goshawk Aviation for an enterprise value of $6.7 billion in a deal it said would make it…
Valneva shares slump after COVID vaccine deal with EU falls apart
By Natalie Grover (Reuters) -Valneva lost nearly a fifth of its value on Monday after the French drugmaker said its COVID-19 vaccine agreement with the European Commission was likely to be scrapped…
Elon Musk hits pause on Twitter deal after aggressive pursuit
(Reuters) – Elon Musk on Friday put his $44-billion Twitter offer on temporary hold, sending the shares of the social media company into a tailspin. Twitter stock has consistently traded below Musk’s…
The Biden Admin Is Using A ‘Backdoor’ To Force Through Green New Deal Reforms
The Biden Admin Is Using A ‘Backdoor’ To Force Through Green New Deal Reforms Thomas Catenacci on May 11, 2022 The Biden administration has unveiled regulations across nearly all aspects of American…
Spirit Airlines sets June 10 date for shareholder vote on Frontier deal
(Reuters) – Spirit Airlines Inc will hold a shareholder meeting on June 10 for a vote on its proposed merger with Frontier Group Holdings Inc, according to a regulatory filing on Wednesday.…
Mediobanca says no wealth management deal in sight as profit beats consensus
MILAN -Mediobanca on Wednesday ruled out the prospect of a wealth management acquisition in the immediate future, after reporting higher than expected quarterly results thanks to contributions from all its business segments.…
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