Bloomberg The stock offering for Brazilian power company Eletrobras raised $6.9 billion, becoming the world’s second-largest equity deal of 2022, while also privatising Latin America’s biggest utility in the process. Eletrobras and state-run development bank BNDES sold a combined 697,476,856 shares at 42.00 reais ($8.56) a piece, a discount of about 2.4%, according to a filing, confirming an earlier …

  Bloomberg There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp. “We haven’t had a refinery built in the United States since the 1970s,” Chief Executive Officer Mike Wirth said in an interview on Bloomberg TV. “My personal view is there will never …

  Bloomberg Talks between South Africa’s beleaguered power utility Eskom Holdings SOC Ltd and its biggest labor unions on wages have reached a stalemate, the latest crisis for the utility that’s struggling to boost electricity supply. The unions “responded with dismay” after negotiations failed to reach a conclusion during the final round. That’s when Eskom highlighted that it was unprofitable …