Energy Update
Enel SpA’s renewable-energy unit will invest about $400 million in building 326 MW of new capacity in Peru after Italy’s largest utility won a tender issued by the Peruvian government.
General Electric Co. is shutting down a factory that produces towers for wind turbines in Brazil that it picked up as part of its acquisition of Alstom SA’s energy assets.
NEW YORK, Feb 22 (Reuters) - Emerging market shares are showing signs of investor capitulation after some of the steepest declines in the global stock market sell-off and that should make them attractive over the long run, said Arjun Divecha, who manages $7.4 billion as head of GMO's emerging markets equity division.
TORONTO, Feb 22 (Reuters) - Canada's main stock index gained on Monday, as energy shares rose on a jump in oil prices and several major banks benefited from investor positioning ahead of quarterly earnings this week.
NEW YORK, Feb 22 (Reuters) - The U.S.
LONDON, Feb 22 (Reuters) - Hedge funds have taken an increasingly nuanced position on oil prices since the start of the year, becoming more bearish towards U.S. crude but bullish towards Brent.
NEW YORK, Feb 22 (Reuters) - Americans drove 4 percent more miles in December than they did a year earlier, according to data released on Monday by the U.S. Department of Transportation, as falling gasoline prices helped boost driving on a year-over-year basis.
CARACAS, Feb 22 (Reuters) - A deal to freeze oil production could help buoy depressed crude prices by $10 to $15 dollars a barrel, according to Venezuela's Oil Minister Eulogio Del Pino, who called on OPEC and non-OPEC countries to join the agreement.
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