International Finance

#Equinor plans sale of onshore assets in #Argentina Vaca Muerta region Equinor has hired #BankofAmerica to conduct the sale of its 30% stake in the Bandurria Sur licence and 50% in Bajo del Toro Norte.

#Japan seeks #Tesla investment in #Nissan, #foxconn approaches #Honda Tesla board member #HiroMizuno, former prime minister #YoshihideSuga, and his former aide #HirotoIzumi have drawn up the plans and plan to approach the American #ElectricVehicle maker.

#businessleaderoftheweek @nokia Welcomes New CEO Hotard Justin Hotard, with 25 years in tech, succeeds Pekka Lundmark as Nokia CEO on April 1, 2025. Read more: https://t.co/4dL3ngNRTN #internationalfinance #nokia #justinhotard #newceo #corporateleadership #techindustry https://t.co/XMBbEgcG1K

#China #SAIC, #HUAWEI to partner in developing new smart #ElectricVehicles The deal will see the two companies to cooperate strategically on manufacturing, #SupplyChain management and sales services, SAIC said, without revealing the marquee of the co-developed lineup.

#StandardChartered pledges to cut emissions linked to #oilandgas #bonds The London-listed bank plans to reduce by 26.9% the polluting emissions associated with bond deals it arranges for energy companies by 2030, it said as it announced an 18% annual profit jump.

The 12th Annual @IntlFinanceMag Awards on February 21, 2025, at Waldorf Astoria Bangkok will honor exceptional talent, leadership, and contributions across various sectors globally. Read more: https://t.co/VU535jlFcF #internationalfinance #internationalfinanceawards https://t.co/bRo3mymsvE

#Eneos, #mitsubishi to move ahead with sustainable aviation fuel project at #Japan #Wakayama The plant is expected to produce about 300,000 metric tons (400,000 kilolitres) of SAF annually, along with some naphtha and light oil fractions, from fiscal 2028.

#newsmakeroftheday UAE's @ADNOCGroup completes USD 2.84 billion offering of shares in its gas unit It is the biggest share sale in the MENA region since the USD 12.3 billion follow-on offering by Saudi aramco in June 2024. #internationalfinance #adnoc #gasshareoffering https://t.co/9W7phsfbME

#newsoftheday @Airbus to sign deal with @SpiritAero to take over latter's European operations Spirit Aero, apart from being a critical supplier to Boeing, also produces key parts for some Airbus jets. #internationalfinance #airbusdeal #spiritaero #aerospaceindustry https://t.co/Veu5gyAnma

#SpiritAirlines gets court approval for USD 795 million #debt deal The deal cancels existing equity shares and hands ownership to Spirit's lenders, which include investment funds managed by Pacific Investment Management Company, #UBSAssetManagement and #CitadelAdvisors.

#StandardChartered sets USD 1.5 billion buyback as robust wealth business boosts profit The Asia, Africa and Middle East-focused bank is doubling down on its mainstay wealth management and markets business, amid an uncertain global growth outlook.

#UnitedKingdom posts largest January budget surplus on record as tax take jumps The Office for National Statistics has estimated that the public sector was in surplus by £15.4 billion in January 2025, as tax receipts exceeded government spending. #BankofEngland

#China #CATL to deepen battery R&D cooperation with #Volkswagen The ventures will jointly develop "cost-competitive" battery products and explore battery recycling and swapping among other fields of cooperation.

#RiyadhAir CEO #TonyDouglas says airline #SupplyChains issues starting to improve Backed by #SaudiArabia #PublicInvestmentFund, Riyadh Air has been ordering planes from both #Boeing and #Airbus ahead of its launch.

#Airbus could prioritize deliveries to non #UnitedStates customers if #DonaldTrump #tariffs impede trade CEO #GuillaumeFaury stressed that the planemaker had made moves in recent years to not only do more business in US, but also to base part of its production there.

#SingaporeAirlines reports record quarterly revenue, driven by robust travel demand The carrier's net profit for its fiscal third quarter ended December 31 rose to 1.63 billion Singapore dollars, equivalent to USD 1.21 billion, from S$659 million a year earlier.

#Australia #telecom giant #Telstra profit jumps, announces USD 476 million buyback The venture will conduct the on-market buyback through 2025, which CEO #VickiBrady said was consistent with its capital management framework.

#newsmakeroftheday Saudi @aramco to buy 25% stake in Philippines' Unioil The planned acquisition, subject to regulatory approvals, aims to capitalise on the anticipated growth of the high-value fuels market in the Philippines. #internationalfinance #saudiaramco https://t.co/TbxP2iZ3rk

#Spain #Repsol plans bigger dividend and lower investment in 2025 The energy company's net profit fell 45% in 2024 to 1.8 billion euros, hit by lower #oilandgas and #electricity prices and a sharp drop in oil refining margins.

#MercedesBenz moves to cut costs, revive sales after earnings slump The automaker's car division reported a 40% slump in 2024 earnings as sales in the key Chinese and German markets took a battering.