Author: Bella Hayes

FRANKFURT – Commerzbank AG (OTC:) has initiated a pre-stabilization phase for its upcoming issuance of green senior notes, with the potential for market stabilization activities to support the securities’ price post-launch. The Frankfurt-based financial institution announced on Tuesday that it may engage in transactions to maintain the market price of the securities at a higher level than might otherwise prevail. The securities in question are non-preferred green senior notes, which are part of the bank’s eligible liabilities (MREL) and are expected to have a benchmark aggregate nominal amount. The offer terms include a maturity date of January 14, 2032, and…

COPENHAGEN/WASHINGTON (Reuters) -Donald Trump Jr. is expected to visit Greenland on Tuesday as his father, U.S. President-elect Donald Trump, has again expressed interest in gaining control over the vast Arctic island. The visit was a private one, the island’s permanent secretary for foreign affairs, Mininnguaq Kleist, told Reuters, with no meetings scheduled with representatives of the Greenlandic government. “We have not been briefed on the nature of his program, and therefore this is a private visit,” Kleist said, adding that Trump Jr. was expected to land at around 1300 GMT, and to stay for about four to five hours. A…

LONDON – ACG Metals Limited has announced the appointment of Damien Coles as its new Chief Legal Officer, a move aimed at strengthening its management team as the company plans to expand its sector acquisitions in 2025. With over two decades of experience in advising on deals in emerging markets, Mr. Coles is expected to play a crucial role in ACG’s growth strategy. Educated at Oxford University, Coles has a background as an equity partner at the international law firm Kirkland & Ellis in Hong Kong and, more recently, as a Director at Moorlander Consulting, where he provided advisory services…

By Arathy Somasekhar HOUSTON (Reuters) – The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes. Global crude flows have been roiled for a second year by war in Ukraine and the Middle East, with tanker shipments rerouted and suppliers and buyers split into regions. Middle East oil exports to Europe declined and more U.S. oil and South American oil went to Europe. Russian oil that formerly went to Europe has been redirected to India and…

Investing.com– Jefferies downgraded Indian food delivery firm Zomato Ltd (NS:) on Monday, stating that the stock was likely to see a year of consolidation after strong gains in 2024 due to heightened competition and slimmer margins. Jefferies downgraded Zomato to Hold from Buy, while also cutting its price target to INR 275 from INR 335, representing an upside of around 5% from current levels.  Zomato’s shares slid about 5% on Tuesday following the Jefferies downgrade, still, they were sitting on a 124% rally through 2024, as the food delivery firm rode a sharp increase in profitability.  Jefferies said that its…

TAIPEI–(BUSINESS WIRE)–GIGABYTE Technology, internationally renowned for its R&D capabilities and a leading innovator in server and data center solutions, continues to lead technological innovation during this critical period of AI and computing advancement. With its comprehensive AI product portfolio, GIGABYTE will showcase its complete range of AI computing solutions at CES 2025, from data center infrastructure to IoT applications and personal computing, demonstrating how its extensive product line enables digital transformation across all sectors in this AI-driven era.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250101227519/en/GIGABYTE Demonstrates Omni-AI Capabilities at CES 2025: Comprehensive Computing Solutions from Cloud to…

By Max A. Cherney and Stephen Nellis (Reuters) -AI to better train robots and cars, as well as new gaming chips dominated Nvidia (NASDAQ:) CEO Jensen Huang’s keynote speech at the CES 2025 conference on Monday as the world’s second most valuable firm expounded upon its potential to expand its business. Nvidia introduced what it calls Cosmos ‘foundation’ models that generate photo-realistic video which can be used to train robots and self-driving cars at a much lower cost than using conventional data. By creating what is known in the tech industry as “synthetic” training data, the models can help robots…

By Andrea Shalal WASHINGTON (Reuters) -U.S. President-elect Donald Trump on Monday denied a newspaper report that said his aides were exploring tariff plans that would only cover critical imports, deepening uncertainty among business leaders about future U.S. trade policies. Trump responded on his Truth Social platform after the Washington Post (NYSE:) cited three sources familiar with the matter as saying that Trump aides were exploring a narrower approach to tariffs, focused on certain critical sectors. “The story in the Washington Post, quoting so-called anonymous sources, which don’t exist, incorrectly states that my tariff policy will be pared back. That is…

NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) — Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Empire Petroleum Corp (NYSE: EP) breached their fiduciary duties to shareholders. The investigation concerns potential self-dealing. Shareholders may be entitled to damages and corporate governance reforms. If you are a long-term EP stockholder please contact  Justin Kuehn, Esq.  here, by email at  justin@kuehn.law, or call (833) 672-0814.  The consultation and case are free with no obligation to you. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm…

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