ABU DHABI / WAM Emirates Global Aluminium (EGA) and bp, on Tuesday signed a memorandum of understanding (MoU), intending to jointly explore opportunities and potential projects that could reduce the carbon intensity of EGA’s calcined petroleum coke supply. The MoU, which is non-binding and non-exclusive, was exchanged in Abu Dhabi between Abdulnasser bin Kalban, EGA’s Chief Executive Officer; and William Lin, …

BLOOMBERG Investors are demanding a higher premium for US debt most at risk of default after yet another round of talks on the borrowing limit ended without a deal. Yields on four-week Treasury bills climbed 3.5 basis points on Tuesday, bringing their rise since the beginning of May to more than 60 basis points. The two-year Treasury yield increased 7 …

BLOOMBERG Adani Group’s port unit became the first of its 10 entities to recoup all losses triggered by Hindenburg Research’s bombshell report in late January, as a recent rally in the conglomerate’s stocks gathered steam on Tuesday. All 10 Adani stocks climbed in early in Mumbai trading, with shares of Adani Ports and Special Economic Zone Ltd surging as much …