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China coal giants surge 10% on rising prices

Bloomberg China’s coal mining giants surged on Monday after promising generous dividend payouts and as prices for the fuel jumped on supply tightness. Shares for China Shenhua Energy Co. and Yanzhou Coal Mining Co. both rose more than 10% in Hong Kong. The companies, China’s largest listed miners by production, said Friday they would give the lion’s share of 2020 ...

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A better way for farmers to cash in on carbon

There’s growing enthusiasm inside and outside the Biden administration for establishing a market that would make carbon dioxide a cash crop for US farmers. The potential climate benefits are huge: US farms have the capacity to sequester hundreds of millions of metric tons of C02 every year — many times the amount of carbon offset annually by the country’s solar ...

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The truth of Deliveroo’s $11b IPO

The investment giants kicking up a stink about Deliveroo Holdings Plc, the hot startup that is preparing to list in London next week, are only half right. Legal & General Investment Management, Aberdeen Standard Investments and Aviva Investors are among the asset managers who have said they don’t plan to invest in the initial public offering, which will see the ...

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