Focus on Finance
EIB and Deutsche Bank team up to support EU wind power industry
Wind equipment makers face challenges including uncertain demand, slow project-permitting, and supply-chain bottlenecks, as well as high inflation and commodity prices.
Net zero transition needs significant investment to avoid failure, report warns
Scotland’s route to net zero must include significant investment to avoid failure, a report has warned. The investment report by the Just Transition...
BorgWarner’s second-quarter profit beats on auto parts demand
BorgWarner beat Wall Street expectations for Q2 profit and raised its annual earnings forecast on Wednesday
Panasonic’s battery unit Q1 operating profit sinks as sales drops
Panasonic Holdings said Wednesday its Q1 operating profit fell 7%, weighed by lower sales at its battery-making energy unit
Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing
Demand for hybrids is likely to deliver another quarter of double-digit growth for Japan's Toyota Motor when it reports earnings on Thursday
Rio Tinto open to big copper buys but cautious of overheated market
Rio Tinto's half-year earnings remained flat at $5.8B due to weak iron prices, while shipments stayed stable amid China's property crisis.
Chesapeake Energy posts quarterly loss on output drop, lower gas prices
Chesapeake Energy reported a Q2 loss of $227M due to weak natural gas prices and reduced production amid falling demand.
Ola Electric to raise $734 million in India’s biggest IPO this year
Adoption of clean vehicles is still low in India but is steadily rising as Prime Minister Narendra Modi continues to push clean energy.
Occidental to sell some Delaware Basin assets to Permian Resources for $818 million
Occidental, which is bidding a takeover of rival CrownRock, plans to sell up to $6 billion of assets within 18 months of closing...
