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(Bloomberg) — The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. Read More
(Bloomberg) — Not all mines placed by Iran in the Strait of Hormuz need to removed for ships to resume transiting the vital passageway, US Energy Secretary Chris Wright said Tuesday. Read More
(Bloomberg) — US technology companies are emerging as the biggest gainers this earnings season as chipmakers reap the benefits of Big Tech’s unprecedented spending on artificial intelligence. Read More
Bank of Montreal’s investment banking unit is leading a US$1.8 billion debt deal supporting the sale of Honeywell International Inc.’s productivity solutions and services business to industrial manufacturer Brady Corp. Read More
TORONTO & NASHVILLE, Tenn. — CleanDesign, a software-driven energy technology company transforming how industrial operations manage power, today announced a new $20 million growth investment led by growth equity firm Edison Partners. The funding will support accelerated deployment of CleanDesign’s Hybrid Energy Management Systems (hEMS) across North America, amid increasing traction in the mining sector. Read More
(Bloomberg) — The UK’s government bonds are sliding on pressure from surging oil prices and political risks, sending the 10-year yield back above 5% for the first time in a month. Read More
