Exxon Mobil reports a $20 billion loss, fourth straight quarter in the red (SPY +0.9%). Market Movers: Tata Motors, HDFC Bank soar as Indigo Paints make stellar debut.
Here is the current market situation from CNN Money
European markets are broadly higher today with shares in France leading the region. The CAC 40 is up 1.16% while Germany s DAX is up 1.05% and London s FTSE 100 is up 0.52%.
What Is Moving the Markets
Here are the headlines moving the markets.
Aramcos New Stock Offering Looks Doomed From The Start More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of Saudi Arabias sovereign wealth fund, the Public Investment Fund (PIF) last week. This idea was later confirmed by Saudi Arabias de facto ruler, Crown Prince Mohammed bin Salman (MbS). Given how badly the first initial public offering (IPO) was received by international investors in the run-up to its eventual listi
Why renewable energy could gain from the green hydrogen trend What is city talk?
Getty Image (Getty Images)
What effect will net zero have?
One of the most notable features of climate policy over the last couple of years has been the rise of national and supranational “net zero” targets. Countries and regions adopting these targets include Europe, the UK, China, South Korea, Japan, Canada, South Africa and a handful of US states.
Whilst these are long-term targets, the effects are incredibly powerful, dramatically more so than, say, an 80% decarbonisation target. Under an 80% carbon reduction target, a whole host of carbon-intensive industries might assume themselves to be in the 20% that doesn’t have to structurally change. Once a net zero target is adopted, there is nowhere to hide, and no opt-outs.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Microvast, a Leading Innovator of EV Battery Technologies, to List on Nasdaq Through Merger with Tuscan Holdings Corp.
February 1, 2021 GMT
HOUSTON (BUSINESS WIRE) Feb 1, 2021
Microvast, Inc., a leading global provider of next-generation battery technologies for commercial and specialty vehicles (“Microvast” or the “Company”) and Tuscan Holdings Corp. (Nasdaq: THCB) (“Tuscan”), a publicly-traded special purpose acquisition company (“SPAC”), announced today that they have entered into a definitive merger agreement that will result in Microvast becoming a publicly listed company. Upon the closing of the transaction, the combined company will be named Microvast Holdings, Inc., and is expected to be listed on the Nasdaq Stock Market under the new ticker symbol “MVST.”
Greentech Media
Reporter covering the green technology space, with a particular focus on smart grid, demand response, energy storage, renewable energy and technology to integrate distributed, intermittent green energy into the grid.
Early-stage investors are looking for startups that can shave soft costs and expand access to clean energy.
Clean technology venture capital investment strategies for the next decade will look much different than those deployed over the past two decades.
In the first wave of venture green technology investing, firms sunk billions of dollars into companies whose success depended on replacing entire industrial ecosystems. Think thin-film solar and biofuels, the two “big bad bets” that Shayle Kann, partner at Energy Impact Partners, identified in a 2020 conversation on
Danielle Bochove, Bloomberg News VIDEO SIGN OUT
Approaching Toronto on a typical Friday evening, Highway 401, the major artery connecting the Windsor-Detroit border with Canadaâs largest city, is more often than not jammed. Pick-up trucks pulling campers or towing snowmobiles, SUVs crammed with tents or skis, and bumper-to-bumper tractor-trailers in the slowest lane of the worldâs widest highway resembling a train. Itâs enough to make an environmentalist weep.
Canada for years has danced around the global electric vehicle transition, touting its environmental importance while simultaneously propping up traditional auto manufacturing and defending its oil sands industry. But several recent developments suggest the shift to EVs is gaining traction. The combination of Joe Bidenâs presidency in the U.S., coupled with a Democratic-led Congress and pandemic-loosened purse strings in Canada, could jump-start the change â helped by a big boost