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Integrated European Majors Lead on Preparedness for a Low-Carbon World Among 39 Global O&G Companies

According to Bloomberg’s Climate Transition Scores European oil companies, including Total, Galp, Equinor, BP and Royal Dutch Shell lead a group of the 39 most publicly-traded oil and gas companies in preparedness for a low-carbon world. The Climate Transition Scores represent the average of two underlying scores, proprietary to Bloomberg’s two research teams: the Carbon […]
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French Supermarket Group Carrefour to Buy Brazils Grupo Big

French supermarket retailer Carrefour has agreed to buy Grupo Big, Brazils thirdbiggest food retailer, in a deal valuing the Brazilian firm at around 1.3 billion, which Carrefour said would boost its earnings. Carrefour said on Wednesday that it would buy the company from Walmart and investment firm Advent International. It added that the transaction values […]
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Fintech Feedzai Valued at 1B in KKRled Funding Round

Financial technology group Feedzai said on Wednesday it had raised 200 million in a round led by investment company KKR valuing the startup at more than 1 billion. Existing investors, including Sapphire Ventures and Citi Ventures, also participated in the round, the San Mateo, Californiaheadquartered company said. Feedzai develops artificial intelligence and machine learning technology […]
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LockedDown Europe Cash to Spend, Nowhere to Spend it

Only a few weeks ago, many European countries were hoping their more affluent citizens would by now have started spending nest eggs built up during the pandemic to trigger a consumerled recovery in the regions economy. But with the spread of COVID19 prompting new lockdowns across the continent and vaccine campaigns behind schedule, it is […]
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Copper Falls on Europe Coronavirus Lockdowns, Firmer Dollar

Copper prices declined on Wednesday as concerns over coronavirus lockdowns in Europe pushed up demand for the dollar and dented the global economic recovery progress. Copper, used widely in construction, manufacturing and power, is often used as a gauge of global economic health. The U.S. dollar approached a fourmonth high on Wednesday, making greenbackpriced metals […]
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Indian Shares Fall as Financials Drag, Virus Cases Spike

Indian shares fell on Wednesday, dragged down by financial companies and weakness in global stocks, as worries over the economic impact from a continued surge in domestic coronavirus cases weighed on sentiment. The bluechip NSE Nifty 50 index fell 1.2 to 14,638 and the benchmark SP BSE Sensex dropped 1.1 to 49,7508, as of 0510 […]
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Dollar in Demand, Worries over Europe Lockdowns, U.S. Taxes

The safehaven U.S. dollar approached a fourmonth high on Wednesday as concerns over a third COVID19 wave in Europe, potential U.S. tax hikes and escalating tensions between the West and China sapped risk appetite. The yen also strengthened and U.S. Treasuries were bid while Wall Street stocks and crude oil tumbled as investors weighed the […]
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