December, 2020

• 22 December

  Shell to sell its LNG stake to GIP for $2.5b

  

  Bloomberg Royal Dutch Shell Plc agreed to sell a minority stake at a liquefied natural gas export project in Australia to Global Infrastructure Partners (GIP) for $2.5 billion. The oil major will sell a 26.25% interest in the Queensland Curtis LNG Common Facilities in a deal that is expected to be completed in the first half of 2021, the company …

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• 22 December

  UK home prices to drop 5% next year

  Bloomberg UK home prices could slump as much as 5% next year as unemployment rises and government incentives end, according to mortgage lender Halifax. House prices surged the most since 2016 this year as demand for more space, state support for wages and a temporary reduction in a property transaction tax offset the economic damage from the Covid-19 pandemic. That …

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• 21 December

  European stocks slump on virus curbs; pound drops

  

  Bloomberg European stocks tumbled as a new strain of the coronavirus in the UK caused chaos ahead of the Christmas holiday, with regional neighbours suspending travel with the nation following another missed deadline in Brexit talks. Travel and energy shares dragged the Stoxx Europe 600 Index down around 2% at the open as Italy, the Netherlands, Belgium and France closed …

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• 21 December

  Singapore’s top stock of this year is facing a rougher ride in 2021

  

  Bloomberg Equity investors have given Singapore’s Sembcorp Industries Ltd. a big thumbs-up this year after it shed its loss-making marine unit. But 2021 may prove to be a lot less euphoric, according to analysts. The utilities firm is 2020’s top gainer on the benchmark Straits Times Index, after being the worst performer in the preceding five-year period. However, concerns over …

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• 21 December

  UAE welcomes formation of new government in Yemen

  

  ABU DHABI / WAM The UAE has welcomed the implementation of the Riyadh Agreement between the legitimate Yemeni government and the Southern Transitional Council. It further welcomed the formation of a government of political competencies in Yemen, and expressed its hope that this will be a step towards a political solution and an accelerated end to the Yemeni crisis. In …

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• 21 December

  Damac shares soar 14% as board weighs deal

  

  Bloomberg Dubai’s Damac Properties PJSC surged to a two-year high on Sunday after saying its board will consider an acquisition within days. The Dubai-based property developer didn’t provide further information in a regulatory filing, but said its board will meet on December 23. Its shares climbed as much as 14.3%, the most in two months, to their highest levels since …

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• 21 December

  Danish green hydrogen startup raises $34 million, looks to IPO

  

  Bloomberg Danish electrolyser startup Green Hydrogen Systems A/S raised 28 million euros ($34.3 million) to scale up production of the technology that’s at the heart of the European Union’s climate goals. Competition is heating up among makers of the machines to capture a wave of orders that will make up the EU’s first generation of utility-scale green hydrogen production funded …

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• 21 December

  Austria’s Verbund is buying gas pipelines

  

  Bloomberg Austria’s biggest company, also one of Europe’s greenest utilities, is buying into natural gas pipelines to build a new hydrogen economy for power-hungry industries. Verbund AG’S decision to purchase a network of pipelines this year perplexed some analysts. Unlike German and Italian utilities expanding in green power across the continent, the Austrian utility opted to deploy cash in domestic …

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• 21 December

  LNG surges to six-year high with cold snap in importing nations

  

  Bloomberg Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year. The onset of colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes have combined to push spot prices in Asia this week to the …

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• 21 December

  Solar shares jump over US ‘tax credits extension’

  Bloomberg Clean-energy stocks are surging as the US Congress considers extending tax breaks for wind and solar energy. JinkoSolar Holding Co, one of the world’s biggest publicly traded panel producers gained as much as 16% last week. Sunrun Inc, the biggest US residential solar installer, rose as much as 7.7%. SunPower Corp climbed as much as 12%. Congress has debated …

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