Focus on Finance
Volkswagen cuts 2024 outlook on deteriorating macroeconomic environment
Volkswagen cuts its 2024 profit margin outlook again, citing weak demand and a challenging macroeconomic environment.
New York State fund swapped coal assets for responsible index ETF
New York's State Insurance Fund reduced its carbon exposure by 40% by shifting coal assets into a responsible-investment ETF.
Funds approach Eni for second biofuel stake sale as it readies deal with KKR, sources say
Eni is in talks to sell a 20-25% stake in its biofuel unit Enilive to KKR, while other suitors show interest.
Evergrande EV unit’s liquidators still in talks with potential stake buyers
China Evergrande's EV arm is still negotiating with a potential buyer for a stake and credit line to support production.
Natural gas producer BKV valued at $1.56 billion in NYSE debut
Shares of BKV rose 3.1% in their NYSE debut on Thursday, giving the U.S. natural gas producer a market capitalization of $1.56 billion.
Ford, GM shares fall after Morgan Stanley analyst downgrade
Ford and GM shares fell five percent as Morgan Stanley downgraded both automakers, citing rising competition and weakening demand.
US Steel says arbitration board rules in favor of Nippon Steel’s $14.9 billion buyout deal
An arbitrator ruled in favor of Nippon Steel's $14.9B U.S. Steel buyout, but the union remains opposed to the deal.
High costs, slowing China: Volkswagen’s perilous road ahead
Volkswagen faces high costs, China competition, and a troubled EV transition, as tense pay talks with unions begin.
Australia’s Macquarie to take minority stake in D.E. Shaw’s green energy arm for up to $1.73 billion
Macquarie Group is investing up to $1.73 billion for a minority stake in D.E. Shaw's green energy arm, signaling strong demand for renewable...
Brookfield sells Saeta renewable power business to Masdar for US$1.4B
TORONTO — Brookfield Renewable and its institutional partners have signed an agreement to sell its Saeta Yield renewable energy business in Europe to...
