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Ghana’s midstream momentum builds as Genser Energy’s 135 mmscfd gas plant nears operation
thebftonline42d ago

Ghana’s midstream momentum builds as Genser Energy’s 135 mmscfd gas plant nears operation

By Juliet ETEFE (Juliet.etefe@thebftonline.com) Ghana’s midstream gas sector is set to receive a major boost as Genser Energy edges closer to commissioning its 135 million standard cubic feet per day (MMSCFD) Gas Conditioning Plant (GCP), aimed at transforming local gas processing, enhancing energy reliability and creating new export opportunities. The plant, located in Prestea in [...]The post Ghana’s midstream momentum builds as Genser Energy’s 135 mmscfd gas plant nears operation appeared first on The Business & Financial Times.

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Seoul gains from Tokyo’s pain over Lunar New Year as politics reshapes China’s tourism map
scmp42d ago

Seoul gains from Tokyo’s pain over Lunar New Year as politics reshapes China’s tourism map

For his family’s first overseas trip together, Tang Junjie carefully planned a holiday to Japan during China’s longest Lunar New Year break on record.Flights were booked months in advance by the 22-year-old from Sichuan province, who had already made three solo visits to the neighbouring country that has long been a draw for Chinese tourists.But a sudden deterioration in Sino-Japanese relations changed everything.“The original plan was to transit through Seoul on our way to Japan,” Tang said....

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Asia stocks wobble as Wall St selloff saps confidence
adaderana42d ago

Asia stocks wobble as Wall St selloff saps confidence

Reuters – Asian stock markets stuttered in early trade on Tuesday as a selloff on Wall Street overnight rattled investors, with sentiment hurt by heightened uncertainty over U.S. President Donald Trump’s tariff policy and rising geopolitical tensions.MSCI’s broadest index of Asia-Pacific shares outside Japan, opens new tab flipped from gains to losses following a six-day rally, and was last down 0.2%, led by declines in South Korea.The Nikkei 225, opens new tab advanced 0.7% as Japanese markets returned after a holiday. S&P 500 e-mini futures were up 0.1%.Stock market momentum “has been under pressure with increased concerns around the AI trade and escalation in geopolitical and trade uncertainty,” analysts from Bernstein wrote in a research report.On Monday, Trump warned countries against backing away from recently negotiated trade deals with the U.S. after the Supreme Court struck down his emergency tariffs, saying that he would hit them with much higher duties under different trade laws.The new tariffs are based on Section 122 of the Trade Act of 1974, causing further confusion in markets trying to come to grips with U.S. protectionist policies.Overnight, the S&P 500, opens new tab was down 1.0%, erasing the past week of gains, as fears over the displacement effects of AI on software and other industries pushed the Nasdaq Composite, opens new tab 1.1% lower. A bearish report from Citrini Research, opens new tab on the possible risks to the global economy took a further toll on jittery investor sentiment.The CBOE Volatility Index, opens new tab, commonly known as the VIX, rose 1.9 percentage points to 21.01.Japan and China are returning from holidays on Tuesday, adding to liquidity in regional markets. Against the yen , the U.S. dollar was 0.1% stronger at 154.77 yen. The Chinese yuan was unchanged at 6.889 yuan in offshore trade.Fed funds futures are pricing an implied 95.5% probability that the U.S. central bank will remain on hold at its next two-day meeting on March 18, little changed from a day earlier, according to the CME Group’s FedWatch tool.The yield on the U.S. 10-year Treasury bond was up 0.6 basis point at 4.029% as investors pondered the implications of the Supreme Court’s decision on U.S. tax receipts.In commodities markets, WTI crude edged down 0.1% to $66.23, as tensions continued to simmer between the U.S. and Iran. On Monday, a senior State Department official said the department is pulling out non-essential government personnel and their eligible family members from the U.S. embassy in Lebanon, amid growing concerns about the risk of a military conflict.All of this uneasiness pushed the safe-haven gold up 0.3% to $5,244.96, while silver slipped 0.1% to $88.12.Bitcoin climbed 0.4% to $64,832.48, while ether was down 0.1% at $1,861.22.

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Revolut: Inside Nik Storonsky’s $75bn fintech empire still waiting for its crown
cityam42d ago

Revolut: Inside Nik Storonsky’s $75bn fintech empire still waiting for its crown

In Revolut’s shiny new Canary Wharf headquarters, the command ‘Get Sh*t Done’ is bolted onto the walls. The unconventional office mantra is a stark reminder of co-founder Nik Storonsky’s acerbic, straight-talking manner that has kept the gas pumping at the UK’s most valuable fintech since it opened for business in 2015. “Whenever a target is set, [...]

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Keurig Dr Pepper Announces Updated Financing Plan for JDE Peet's Acquisition
investingnews42d ago

Keurig Dr Pepper Announces Updated Financing Plan for JDE Peet's Acquisition

Company strengthens balance sheet by further reducing projected leverage and attracts additional high-quality investors Keurig Dr Pepper Inc. (NASDAQ: KDP; "the Company") today announced updated financing plans and transaction timelines for the acquisition of JDE Peet's and subsequent planned sepa...

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