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companies/energy

Treasury Provides More Information Regarding the $10 Billion Tax Credit for Manufacturing Renewable Energy Projects

Rajesh Tamada -
The Treasury Department and Department of Energy announced new guidance Wednesday for a 30% tax credit available under the Internal Revenue Code’s section 48C for the construction of facilities that focus on clean energy manufacturing and recycling, industrial decarbonization and critical minerals processing.
Infra

NSF Announces Infrastructure Investment of $91.8 Million to Enhance Weather and Climate Projections

Rajesh Tamada -
The U.S. National Science Foundation announced $91.8 million in funding for a Mid-scale Research Infrastructure-2 award to the University Corporation for Atmospheric Research (UCAR) to create the Airborne Phased Array Radar.
Commodity

Finally, the Commodity Price Bubble Has Burst

Rajesh Tamada -
The epic commodity bull run that took off three years ago and saw commodity prices hit multi-decade highs has finally collapsed. From oil, gas and wheat to lithium, copper and iron ore, prices of the world’s leading commodities have pulled back sharply across the board.
companies/transport

By Acquiring Southern Companies, Geodis Strengthens Its Drayage Services

Rajesh Tamada -
France-based transport and logistics provider Geodis has acquired Southern Companies, according to a May 23 announcement. Terms of the deal were not disclosed.
companies/insurance

Insurance Companies in Florida Find It Difficult to Pay Growing Reinsurance Premiums

Rajesh Tamada -
If you think your insurance rates are high, you should see the amount your insurance company must pay for insurance.
Wall street

Wall Street Is in a Downturn Along With Markets Worldwide

Rajesh Tamada -
Asian benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis.
IPOs

A Rare London IPO Will See WE Soda Sell at Least $800 Million Worth of Shares

Rajesh Tamada -
WE Soda, the world's largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its chief strategy officer told Reuters, in a show of confidence in London's capital markets.
Mergers and Acquisitions

Minnesota’s Healthcare Monopolies Statute May Prevent the Proposed Combination of Sanford and Fairview

Rajesh Tamada -
Minnesota State Gov. Tim Walz signed into law last Friday a bill that could potentially stop the proposed merger between Sanford Health and Fairview Health.
Mutual funds

Trading on the TSX Starts for the Premium Cash Management Fund and US Premium Cash Management Fund

Rajesh Tamada -
Evolve Funds Group Inc. ("Evolve" or "the Manager") is pleased to announce the launch of the Premium Cash Management Fund ("MCAD") and US Premium Cash Management Fund ("MUSD") (Collectively, the "Evolve Funds").
FinTech

Latin American Fintechs Advocate for a Common Open Finance Regulation

Rajesh Tamada -
In a landmark development, fintech associations from Mexico, Colombia, Peru, and Chile made a significant stride last week by publishing a document proposing joint standards for Open Finance.
companies/energy

With a Korean Power Company, Cheniere Energy Signs a Long-Term LNG Agreement

Rajesh Tamada -
Cheniere Marketing, a subsidiary of Houston-based energy company Cheniere Energy, has closed a long-term sale and purchase agreement for liquefied natural gas (LNG) with Korea Southern Power (KOSPO), Cheniere Energy said in a press release.
Companies

Former CEO of Real Estate Claims He Is Still Owed Millions by the Corporation

Rajesh Tamada -
The ex-CEO of a Vancouver real estate company claims he was shorted just shy of $1.55 million in commissions from his former firm and told he would only be paid out if he resigned from his position.
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