Japan's IETS will be purchasing 1 million tons of LNG annually from Venture Global for 20 years. A 20-year purchase deal for 1 million tons of LNG per year was signed between Venture Global CP2 LNG, a subsidiary of Venture Global LNG based in the United States, and INPEX Energy Trading Singapore (IETS), a subsidiary of INPEX Corporation (INPEX), according to a press release. The project will...

According to The Wall Street Journal, the SPAC (special purpose acquisition companies) merger market, which experienced an early-year boom, will enter a phase of mass liquidation by year's end. Four SPACs are liquidated each day this month, the same number as when this way of going public was most well-liked by businesspeople. Special-purpose mergers and acquisitions corporations (SPACs) are...

Nike Inc reported its second-largest quarterly revenue increase in more than a decade, which easily outperformed analysts' earnings estimates, thanks to strong demand for sportswear and footwear in North America ahead of the holidays. After the close of the regular trading session on Tuesday, shares in the world's largest sportswear manufacturer were up 13%. During the quarter, the company used...

According to stock exchange data, Tesla's market capitalization fell below that of oil giant ExxonMobil last week, to $435.14 billion. ExxonMobil, on the other hand, was valued at $439.38 billion in dollar terms during trading on Tuesday. Before the start of regular stock trading, Tesla shares were up 0.92 percent, and ExxonMobil shares were up 0.3 percent. At the same time, futures for the...

According to a press release from the international rating agency Fitch Ratings, the outlook on the rating of UK oil major BP plc has been changed from stable to positive. The company's short-term rating was raised from "F1" to "F1+," but the long-term Issuer Default Rating (IDR) was maintained at "A." The optimistic view, according to Fitch analysts, "reflects a considerable reduction in debt...

According to a joint announcement from the two corporations, Saudi Aramco and France's TotalEnergies will collaborate to establish a petrochemical complex in Saudi Arabia. A world-scale petrochemical complex will be built in Saudi Arabia, according to a statement from Saudi Arabian Oil Company (Aramco) and TotalEnergies. The facility will be called Amiral. The complex will be connected with the...

According to sources who spoke to Bloomberg, Elon Musk's SpaceX has priced its shares at $77 each, implying that the company is now worth $140 billion. Bloomberg’s source report that Elon Musk's SpaceX is offering private investors shares of the company for $77 each. As a result, SpaceX is now the most valuable private corporation in the United States with a valuation of $140 billion. According...

As part of a 10-year strategic collaboration, Microsoft Corp. will purchase a 4 percent share in the London Stock Exchange Group (LSEG). The agreements, according to a press statement, will enable the business to expand into data, analytics, and cloud infrastructure. Microsoft stated that it would purchase shares in the Blackstone/Thomson Reuters consortium to acquire around 4% of LSEG. Subject...

Fitch rating agency confirmed the "AA-" long-term issuer default ratings (IDR) of the Anglo-Dutch energy corporation Shell and the French oil and gas company TotalEnergies. The outlooks for these firms' ratings are unchanged. According to the rating agency, "TotalEnergies' ratings are supported by large-scale international activities, solid company diversity, and a stable financial profile."...