UK energy company Low Carbon has raised as much as $1.45 billion (£1.1 billion) from CVC Capital Partners and other investors as private equity firms are increasingly backing renewables operations. CVC Capital Partners and Low Carbon’s existing shareholder Massachusetts Mutual Life Insurance Company participated in the funding, which will see CVC Capital Partners become the […]
Trump administration orders to keep an ageing, unneeded Michigan coal-fired power plant online has cost ratepayers from across the US midwest about $113m so far, according to estimates from the plant’s operator and regulators. Still, the US energy department last week ordered the plant to remain open for another 90 days. The Trump administration in […]
Canadian investors have looked over the border to grow their money amid a trade war with the United States. New data from Statistics Canada says investors funneled a massive $61 billion in U.S. securities in the first half of 2025. Securities include treasury bills, notes and bonds and are considered low risk as they are […]
Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally. Shares of the company rose more than 5% to hit a record high of $315.9, giving it a market capitalization of $3.82 trillion. The […]
The report cites the fund’s latest 13F regulatory filing, Starboard sold roughly 8.5 million Pfizer shares during Q3 2025, liquidating the remainder of a stake that totalled 15.4 million shares at the end of 2024. The position, initially worth around $1bn, was disclosed in October 2024 when Pfizer’s share price had fallen to about half […]
Oil prices fell 1.5% on Friday, extending declines for a third straight session as the United States pushed for a Russia-Ukraine peace deal that could swell global market supply, while uncertainty over its rate cuts curbed investors’ risk appetite. Brent crude futures fell 93 cents, or 1.5%, to US$62.45 (RM258.95) a barrel by 0416 GMT, […]
Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger-than-expected draw in U.S. crude stockpiles and a general risk-asset market rally. Brent crude futures were up 57 cents, or 0.9%, at $64.08 a barrel at 1101 GMT, while U.S. West Texas Intermediate crude futures were 51 cents, or 0.9%, […]
The Competition Commission has recommended that the Competition Tribunal approve the acquisition of Zero Research, the holding company behind Bank Zero,without conditions. The deal, announced in July, is valued at approximately $60 million and involves a combination of newly issued Lesaka shares and up to $5 million in cash. Bank Zero shareholders are expected to […]
Amazon plans to raise about $12 billion in corporate bonds, its first such deal in U.S. dollars in about three years, as big tech firms increase investments to build infrastructure for artificial intelligence. The e-commerce giant filed for a six-part bond sale earlier in the day without disclosing a size, a regulatory filing showed. The […]
The partnership will see Starlink’s satellite backhaul integrated into Vodacom’s mobile network, improving connectivity in remote and underserved areas. “The collaboration will deliver robust connectivity to remote schools, health centres, and communities, empowering millions with access to digital services and information,” Vodacom said in a statement. Under the agreement, Vodacom will be authorised to resell […]