Brookfield, EIG Consortium to Acquire Australia’s Origin Energy in Deal Worth $10.3 Billion
A consortium led by Brookfield Renewable Partners entered a deal...
A consortium led by Brookfield Renewable Partners entered a deal to acquire Origin Energy, Australia’s largest integrated power generator, valuing the company at AUD$18.7 billion (US$12.5 billion), including debt.
If the deal receives shareholders’ blessings, clears regulatory hurdles, and meets other customary closing conditions, the transaction could mark one of the largest private equity-backed deals for Australia. It will also usher in plans for AUD$20 billion in additional investment by Brookfield over the next decade to construct up to 14 gigawatts of renewable generation and storage facilities in Australia.
One Wharton professor recently found out: It did market research, wrote an email campaign, created a...
One Wharton professor recently found out: It did market research, wrote an email campaign, created a website, created a logo, made a social media campaign for multiple platforms, and scripted and created a video. Check it out.
The American Petroleum Institute (API) on Tuesday reported that crude oil inventories in the...
The American Petroleum Institute (API) on Tuesday reported that crude oil inventories in the United States fell this week by 6.076 million barrels, the American Petroleum Institute (API) data showed on Tuesday, in a major divergence from the 187,000 barrel build that was expected.
The total number of barrels of crude oil gained so far this year is still more than 53 million barrels.
With the large draw in crude oil inventories came product draws as well. Gasoline inventories fell by 5.891 million barrels, on top of last week's draw of 1.09 million barrels. Distillate inventories rose 548,000 barrels after decreasing by 1.84 million bpd in the week prior.
Inventories at Cushing, Oklahoma, decreased by 2.388 million barrels—after falling 760,000 barrels last week.
Crude oil prices recorded a second straight day of gains on Tuesday as a result of disruption risks from...
Crude oil prices recorded a second straight day of gains on Tuesday as a result of disruption risks from Iraqi Kurdistan and hope a US banking sector turmoil is brought under control.
West Texas Intermediate crudegained 39 cents a barrel or 0.5% and finished at $73.20 on the New York Mercantile Exchange.
Brent crude, the global benchmark, gained 53 cents or 0.7% and closed at $78.65 on ICE Futures Europe.
April natural gasfell 6 cents to $2.03 per 1,000 cubic feet.
MarketWatch: U.S. stocks end lower as rising Treasury yields weigh on tech shares
U.S. stocks ended modestly lower on Tuesday,...
U.S. stocks ended modestly lower on Tuesday, as Treasury yields rose, keeping pressure on the rate-sensitive Nasdaq Composite Index. The Dow Jones Industrial AverageDJIA shed about 37 points, or 0.1%, ending near 32,394, while the S&P 500 index SPX fell 0.2% and the NasdaqCOMP closed 0.5% lower, according to preliminary data from FactSet. Stocks fell, but ended off the session lows, as the 2-year Treasury rateTMUBMUSD02Y climbed 10.5 basis points to 4.06%. Bond yields and prices move in the opposite direction. Tuesday also saw a raft of relatively upbeat economic data and increased expectations by traders in fed-funds futures of no rate hike for the Federal Reserve’s May policy meeting. Another area of focus was a hearing on the collapse of Silicon Valley Bank and Signature Bank, with regulators saying the run on Silicon Valley Bank caused it to lose $142 billion in two days.
