Recent Posts

Big oil unexpectedly backing newest non-fossil fuels

  Bloomberg Big oil is dipping a few more toes into clean energy. Exxon Mobil Corp. is partnering with a company to capture carbon-dioxide emissions from power plants. Total SA, the French oil supermajor, announced a $1.1 billion deal Monday to buy the battery maker Saft Groupe SA, complementing its 2011 purchase of a majority stake in the solar-panel maker ...

Read More »

Emerging-market carnage swallows Mexico as traders snub earnings

  Bloomberg Last week’s $1.3 billion rout in exchange-traded funds focused on emerging markets engulfed even Mexico, where a stellar earnings season was overshadowed by concern that global growth is slowing. Traders pulled $155.2 million from the nation’s flagship iShares MSCI Mexico Capped ETF in the five-day period ending May 6, the most among major developing nations after China, according ...

Read More »

Argentina’s Supervielle prepares to raise $190 million in IPO

  Bloomberg Argentina’s Grupo Supervielle SA, controller of lender Banco Supervielle SA, is seeking to raise about $190 million in what is set to be the country’s first initial public offering since President Mauricio Macri took office. The bank expects to sell American depositary receipts for $11 to $13 each and issue common shares in Argentina for $2.20 to $2.60 ...

Read More »
Send this to a friend