The main renewable energy generating companies have a pending investment capacity of at least US$5,000 million in projects in which they cannot advance due to the lack of availability of the transmission network. This is clear from different sources from the main operators in the local market, which indicate that The need for infrastructure in ...
The Brazilian president, Luiz Inácio Lula da Silva, on Friday, gave his approval to the state oil company Petrobras distributing 50% of the additional dividends it withheld in March, local newspaper Folha de S.Paulo reported. Petrobras' board voted last month to set aside US$8.43 billion in additional dividends to pay in the future, taking investors ...
Gina Rinehart's private company, Hancock Prospecting Ltd., will pay Titan Minerals Ltd. up to US$120 million for drilling and exploration work that would give it 80%the Linderos project in Ecuador, the Sydney-listed company said in a statement on Thursday. It will pay an initial $2 million for a 5% stake, he said. The deal follows ...
Initial applications for subsidies unemployment in the US they remained moderate last week, in line with the good health of the labor market. Initial claims remained at 212,000 in the week ending April 13, according to Department of Labor data released Thursday. The median forecast from a Bloomberg survey of economists was 215,000 claims. Continued ...
The Government of Ecuador said that more than 20 high-level officials of the Ministry of Energy were accused of intentionally hiding information about problems in the supply of electricitywhile the country deals with a serious crisis that has generated planned cuts. A drought caused by the El Niño climate phenomenon has affected the production of ...
The International Monetary Fund raised its global economic growth expectations for this year, citing the strength of the US and some emerging markets, while warning that the outlook remains cautious given the persistence of inflation and geopolitical risks. . Global economic activity will grow 3.2% this year, according to the World Economic Outlook report released ...
The spring meetings of the International Monetary Fund, IMF, and the World Bank began. On the first day, an alert was launched about the points that pose a challenge for countries seeking financing. Firstly, there is the increase in poverty in those territories that want credit, as well as a slow level of GDP growth. ...
U.S. industrial production rose for a second month in March, driven by a bigger-than-expected rise in factory output as the manufacturing sector shows new signs of stabilization. The 0.4% increase in output at factories, mines and utilities matched the previous month's revised increase, Federal Reserve data showed Tuesday. Mining and energy extraction fell, while utility ...
Financial markets will face the new week worried about geopolitics, with much at stake over whether Iran's unprecedented weekend attack on Israel triggers rounds of retaliation. The escalation of the Middle East crisis, already roiled by inflation and the prospect of higher interest rates for longereither, will inject new volatility when trading resumes. When Hamas ...
Amid the tensions unleashed by Iran's attack on Israel, Colombian President Gustavo Petro made an urgent call for caution. According to X, the president said that “we are facing the prelude to World War III” at a time when the world “should rebuild its economy toward the rapid goal of decarbonization.” The president's words come ...
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