Hints and tips:
...Farhat Bengdara, chair of the Libyan National Oil Corporation since July, said he enjoyed support across the divided nation, which had allowed the Opec member to restore production to 1.2mn b/d....
...But the bank said that “at first” it would apply those changes only to marketable debt issued by non-financial corporations. Reclaim Finance points out that this could be a big loophole....
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...A bone-chilling examination of how companies can abet horrific crimes....
...At new wells in the Permian, average oil production per drilling rig has increased to 1,319 b/d. A decade ago the figure was about 183 b/d....
...At full capacity, the refinery will process 650,000 b/d, which could transform the country into a net exporter of refined fuels....
...The UK is formulating a “plan B” for international scientific co-operation in case its bid to join Horizon Europe fails....
...Alongside Continental Resources boss Harold Hamm, Hess transformed the state from producing fewer than 100,000 barrels of oil a day in the early 2000s to a peak of 1.5mn b/d in 2019....
...“I’d imagine a lot of the multinationals and corporations that are thinking of investing in Panama are also thinking, ‘am I going to get caught up in this?’”...
...But 18 other big companies attending COP28 got a grade of “D-minus” or worse....
...If anything, the debt could put companies under financial pressure....
...If you’re in the US and thinking of getting the latest Apple Watch, you’d better get your skates on....
...One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape....
...The unusually fast ramp-up could push production to 1.2mn b/d by 2027 — equivalent to about a third of Exxon’s current daily production....
...Between us, we’d like to think we publish a fairly decent amount of interesting articles....
...Some people call it non-banking, but essentially companies that have vast, vast financial firepower now....
...The City of London Corporation has launched a “sweeping review” of UK financial services regulation, while the London Stock Exchange launched a UK Capital Markets Industry Taskforce to “maximise the impact...
...So unlike stocks where you’re giving money to a company and getting part-ownership in that company, a bond is essentially the way a government or corporation raises money. So it’s more like a loan....
...b/d and 600,000 b/d, according to one person at the dinner....
...Uninsured depositors were protected in the financial crisis, and they were protected in the S&L crisis after the failure of Continental Illinois in 1984....
...There’s a reason Cardi B’s song “Wap” — “He got some money, then that’s where I’m headed/Pussy A-1, just like his credit” — opens the film....
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...The reason that’s bad is because a) it doesn’t usually work, and b) it just invites retaliation....
...For starters, I’d love to see a really big, public transatlantic push around the unionisation of the clean energy supply chain....
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
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