Petrobras, the Brazilian government-owned oil, gas, and petrochemical firm, has lowered its intended capital spending for 2026-2030 by 2% to $109 billion, due to declining oil prices. The company's announcement states that $78 billion of these funds will be allocated for exploration and production, both in Brazil and internationally. Capital expenditures will be refined to around $20 billion,...

US investment firm Blackstone is nearing the acquisition of MacLean Power Systems, a provider of power grid components, from Centerbridge Partners, according to Bloomberg, which references sources. Sources indicate that the agreement might be revealed as soon as next week, with a valuation that could surpass $4 billion. According to some sources, Blackstone surpassed other bidders for MacLean,...

Japanese food and drink producer Asahi Group announced a potential data breach affecting 1.9 million individuals due to a cyberattack in September. The breach might have impacted employees and their relatives, along with individuals who reached out to customer service centers. The company reported that credit card information was secure; however, names, addresses, email addresses, and phone...

Venture Global has accused the British-Dutch oil and gas company Shell of attempting to harm its business in the liquefied natural gas (LNG) sector, according to a report by the Financial Times. The newspaper cited an email sent by Michael Seibel and Robert Pender, the co-founders of Venture Global, to their employees ahead of Thanksgiving. In the email, Seibel and Pender criticized Shell's...

Saudi Aramco, the state-run oil firm of Saudi Arabia, is contemplating the sale of assets valued in the billions, according to Bloomberg, which cites sources. Specifically, these sources indicate that the company could divest its interest in an oil export terminal and an oil storage facility. Sources indicate that investment banks have been asked to join a bid to carry out an extensive evaluation...

British fintech company Revolut has finished a secondary share offering, setting its valuation at $75 billion. According to the company's announcement, investment firms Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, along with Andreessen Horowitz, Franklin Templeton, and NVentures, the venture capital division of chipmaker Nvidia Corp., took part in the offering....

According to Forbes magazine, the net worth of US President Donald Trump has decreased by $1.1 billion since September, bringing his total wealth to $6.2 billion. This decrease is primarily attributed to a significant drop in the stock price of Trump Media & Technology Group (TMTG). On November 21, the share price of TMTG reached $10.18, which is close to its lowest level ever, as noted by...

Australian mining company BHP Group has decided to stop its attempt to acquire British mining company Anglo American. BHP has continued to engage in discussions with Anglo's board of directors, but it is no longer looking at combining the two companies, as stated by the Australian company. The statement reads, "BHP still believes that merging with Anglo American would bring strong strategic...

Venture capital firm Capital Today has acquired a share in ByteDance, the parent company of TikTok, at a valuation of $480 billion, according to Bloomberg, which is quoting sources. The seller in this transaction was Bank of China Group Investment, one of ByteDance's early institutional investors. The initial sale of ByteDance's stake was valued at $200 million, based on a company valuation of...