Equinor Injects $3.7 Billion into its Energy Trading Business
Energy trader Danske Commodities has received a 3.5 billion euro ($3.7 billion) capital injection from...
Energy trader Danske Commodities has received a 3.5 billion euro ($3.7 billion) capital injection from parent company Equinor to boost liquidity and fund growth as it contends with highly volatile energy markets.
Soaring energy prices and extreme market volatility have forced multiple European utilities and traders to secure extra funds to cover margin call requirements.
"When prices go up, so does the size of margin calls on the energy exchanges," Danske Commodities' finance chief Jakob Sorensen said in a statement.
FTX founder Sam Bankman-Fried extradited to U.S. to face criminal charges
NASSAU, Bahamas — Bahamian authorities said Wednesday that former FTX CEO Sam Bankman-Fried has been...
NASSAU, Bahamas — Bahamian authorities said Wednesday that former FTX CEO Sam Bankman-Fried has been extradited to the United States, where he faces criminal charges related to the collapse of the cryptocurrency exchange.
Bahamas’ attorney general’s office said that Bankman-Fried would be leaving for the United States later Wednesday, noting he had waived his right to challenge the extradition.
Dow ends up over 500 points on strong earnings, rise in consumer confidence
U.S. stocks cemented their biggest daily advance in almost two...
U.S. stocks cemented their biggest daily advance in almost two weeks on Wednesday as investors reacted to optimistic earnings from Nike Inc. and FedEx Corp., along with a surprisingly strong reading on consumer confidence. The S&P 500 SPX gained 56.82 points, or 1.5%, to finish at 3,878.44, according to Dow Jones Market Data. The Nasdaq Composite COMP advanced 162.26 points, or 1.5%, to close at 10,709.37. The Dow Jones Industrial Average DJIA gained 526.74 points, or 1.6%, to finish at 33,376.48.
U.S. existing-home sales fall for a 10th straight month
The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate...
The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate of 4.09 million in November, the National Association of Realtors said Wednesday.
This is the 10th straight monthly decline in existing-home sales. The 10-month losing streak is the longest since NAR began tracking sales in 1999.
Economists polled by the Wall Street Journal were expecting existing-home sales to drop to 4.17 million. The last time existing-home sales fell to this level was in May 2020.
Outside of the pandemic,the level of sales activity was lowest since November 2010, while in the midst of the foreclosure crisis in the United States.
Rio Grande LNG moves closer to FID with new supply deal
NextDecade has signed a contract to sell 1.1 million short tons per year of liquefied natural gas from...
NextDecade has signed a contract to sell 1.1 million short tons per year of liquefied natural gas from its Rio Grande LNG export facility in Brownsville, Texas, to Portuguese energy company Galp for 20 years, beginning in 2027. NextDecade expects to reach a positive final investment decision on the first phase of the 29.7-million-short-ton-per-year project in the first quarter of 2023.
