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-Post-covid price squeeze on the cards
-Producers pivoting
By Sarah Mills
A decade ago, fuelled by China’s industrialisation, the fossil-fuel industry appeared unstoppable. Now, the impossible isn’t just possible, it is a reality.
Producers globally are falling like dominoes to the inexorable and sharply accelerating transition to renewables and vehicle-and-industrial electrification.
Investors barely had time to blink when covid and the Saudi-Russian oil war hit, before many major producers wrote down roughly one fifth or more of proved fossil fuel reserves.
The industry has its back to the wall and is kow-towing to ESG investors across the globe for the desperately needed funds that will ensure their survival as a back-up fuel to support the coming transition.
Activist fund Strategic Capital extends hostile bid for Japanese realty firm
Kabukicho, Tokyo, Japan. Photo: Fabrizio Chiagano Premium
Activist fund Strategic Capital said it has extended its hostile bid for Japanese property firm Keihanshin Building without sweetening the terms as the shares fell to the level of the bidding price.
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3 Min Read
TOKYO (Reuters) - Activist fund Strategic Capital said it has extended its hostile bid for Japanese property firm Keihanshin Building without sweetening the terms as the shares fell to the level of the bidding price.
Strategic Capital, set up by Tsuyoshi Maruki, who used to work with Japanese prominent activist investor Yoshiaki Murakami, said recent gains in Keihanshin’s stock price were only driven by the expectation for a higher bid.
Last month it launched a 1,900 yen ($18.42) per share bid to boost its stake to 30% in Keihanshin, which owns office and retail buildings as well as data centres mainly in the Osaka region.
3 Min Read
TOKYO (Reuters) - Activist fund Strategic Capital said it has extended its hostile bid for Japanese property firm Keihanshin Building without sweetening the terms as the shares fell to the level of the bidding price.
Strategic Capital, set up by Tsuyoshi Maruki, who used to work with Japanese prominent activist investor Yoshiaki Murakami, said recent gains in Keihanshin’s stock price were only driven by the expectation for a higher bid.
Last month it launched a 1,900 yen ($18.42) per share bid to boost its stake to 30% in Keihanshin, which owns office and retail buildings as well as data centres mainly in the Osaka region.
Asian Banks Dump Coal, Dashing Trump s Dreams
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By Nithin Coca
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WHY YOU SHOULD CARE
Most major coal financiers in Asia are pulling out of coal funding, leaving the future of America s export market bleak.
By Nithin Coca
China, Japan and South Korea have announced aggressive targets to go carbon neutral.
All of this is threatening the future of American coal, which relies on the Asian market.
For years, the coal industry has withstood ups and downs, demonstrating a resilience that’s been at odds with doomsday predictions of a steep, irreversible decline. Drops in usage in the U.S. and Europe have been offset by the seemingly incessant expansion of coal-fired power plants in Asian countries including China, India, Indonesia and Vietnam so much so that American coal exports initially increased under the Trump administration.