November, 2020

• 19 November

  Keystone XL gets indigenous investment to woo Biden

  

  Bloomberg Keystone XL is receiving an investment from Canadian indigenous groups in a deal that TC Energy Corp hopes will help save its embattled oil pipeline project from being scrapped by US President-elect Joe Biden. Natural Law Energy, a group of five first nations in Alberta and Saskatchewan, will make an equity investment of as much as C$1 billion ($765 …

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• 19 November

  Perenco in talks for share of Ivory Coast oil well

  

  Bloomberg Perenco is in talks to become the main operator in one of four oil and gas producing blocks in Ivory Coast, according to two people familiar with the matter. The Anglo-French oil company is seeking to buy a controlling stake in block CI-11, currently operated by a consortium that includes the state-run company Petroci, which has a 68% stake. …

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• 19 November

  Europe stocks, US futures slip on coronavirus spread

  

  Bloomberg European stocks slipped with US futures as new virus cases continue to mount in major cities around the world. The Stoxx Europe 600 Index fell 0.2% and the Nikkei 225 Stock Average lost 1.1% after Tokyo reported a record number of new Covid-19 infections. Treasury yields and the dollar extended declines after Federal Reserve Chair Jerome Powell said the …

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• 19 November

  Indian stock rally sputters amid high valuation, case rise

  

  Bloomberg Indian stocks were mixed, as investors weighed high valuations and surging coronavirus cases in some parts of the country against optimism that vaccines will soon provide an exit from the pandemic. The S&P BSE Sensex was little changed at 43,924.44 in Mumbai after falling as much as 0.3%, while the NSE Nifty 50 Index also traded flat. After reaching …

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• 18 November

  UAE Armed Forces participate in joint military exercise in Egypt

  ALEXANDRIA / WAM Units from the UAE Armed Forces are participating in the joint military exercise, entitled, “Saif Al Arab,” held in Egypt and attended by many friendly countries. Dubbed “The Sword of Arabs”, the exercise began on Tuesday and will continue until November 26 at the Mohamed Naguib Military Base and other parts of the Northern Military Region. Over …

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• 18 November

  Oil from Russia to US snapped up on Asia’s growing appetite

  

  Bloomberg Physical cargoes of crude oil from Russia, the US and the Middle East were getting snapped up at higher prices as buyers across Asia entered a bidding war to secure supplies. January shipments of Russian ESPO, a favourite among Chinese and Japanese refiners, were sold at a five-month high premium over Dubai prices after spot differentials for Sokol rose …

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• 18 November

  South Africa’s biggest polluter aims for 2050 net zero emissions

  

  Bloomberg South Africa’s power utility, the nation’s biggest producer of greenhouse gases that mainly uses coal for electricity generation, is working on a plan aimed at net zero emissions by 2050. Eskom Holdings SOC Ltd “has an aspirational vision” of reaching the goal, which includes the creation of jobs, the utility said in a reply to questions. “We are currently …

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• 18 November

  Delta Air sends Airbus jets on world tour to skirt US tariffs

  

  Bloomberg Delta Air Lines Inc is sidestepping millions of dollars in US tariffs on European jetliners by initially routing them far outside the country to such places as Amsterdam, Tokyo and El Salvador. The US carrier has taken delivery of seven European-built Airbus SE planes since President Donald Trump’s levies took effect in October 2019. Rather than flying them home …

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• 18 November

  737 Max approval set for Wednesday

  

  Bloomberg US regulators plan on Wednesday to unveil the long-awaited final requirements for allowing Boeing Co’s grounded 737 Max to return to service after 20 months, according to a person briefed on the plans. The Federal Aviation Administration (FAA) has begun notifying the aviation industry of its schedule, said the person, who wasn’t able to discuss the matter publicly and …

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• 18 November

  Covid-19: AirAsia Japan arm files for bankruptcy

  

  Bloomberg AirAsia Japan Co has filed for bankruptcy with the Tokyo District Court after flagging last month it would cease operations in the country, as the coronavirus pandemic that’s wiped out travel globally took its toll. The arm of Malaysia’s AirAsia Group Bhd then received a provisional administration order from the court on Tuesday, it said in a statement. “Given …

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