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11/03/2026
According to sources, Raizen SA is close to reaching an agreement with its main creditors to start an out-of-court debt restructuring.
Latest
5 m ago
According to sources familiar with the matter, John Hegeman and Sequoia Capital partner Ravi Gupta are seeking at least $1 billion in funding for their new company Ithaca Holdings. Ithaca Holdings will be a holding company that will attempt to acquire at least one public company or a private company. John Hegeman previously worked at Meta Platforms for a long time, serving as its Chief Revenue Officer.
10 m ago
Lungu Salgame, co-founder and CEO of Princeton Digital Group in Singapore, said: We are in the midst of a 'supercycle' of AI investment. The long-term demand for artificial intelligence and upcoming innovations are driving the need for data center capacity. We have extremely solid contracts with hyperscale cloud providers, with an average lease term of 10-12 years. These concerns have not affected the company's ability to obtain financing.
14 m ago
According to a report from The Wall Street Journal, US Energy Secretary Wright posted on social media in the early hours of Beijing time today, saying, "The US Navy successfully escorted an oil tanker through the Strait of Hormuz." This temporarily eased market concerns about energy supply, and futures prices of oil and gasoline immediately fell, with WTI crude oil dropping $3 in the short term. However, the post was quickly deleted, and US officials later stated that the military had not provided escort for commercial ships at the moment. A government spokesperson said, "After confirming that the Energy Department staff had made an error in captioning a video, the video on Wright's official account has been deleted." Within about ten minutes of Wright's post, an ETF linked to crude oil futures lost $84 million in market value. Robert Yawger, a commodities expert at Mizuho Bank, said, "This is simply an unforgivable mistake."
20 m ago
UBS currently expects the Reserve Bank of Australia to raise interest rates by 25 basis points at the March meeting.
22 m ago
U.S. Priority Refining Company: According to the newly signed agreement, we will produce 500 billion gallons of finished oil worth $175 billion. We will also purchase and process 1.2 billion barrels of U.S. light shale oil worth $125 billion.
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