Temasek establishes new asset management entity worth $50 bn
Seviora will serve as an operational company for four of Temasek-owned firms
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IFC provides $40 million credit facility to Nigeria’s Union Bank
The fund is part of IFC’s Global Trade Finance Programme
GenCell Energy provides G5 long-duration backup solution to European telecom
The company will install a smooth, cost-efficient and reliable supply of hydrogen cylinders to the cell tower
Ningbo Zhoushan Port, Brazil’s Vale collaborate as part of West III project
Both companies will own 50 percent stake in the joint venture and operate a terminal in Shulanghu Port in Zhoushan
China starts virtual currency trials to modernise payment systems
For the uninitiated, the digital currency is not a cryptocurrency like bitcoin
Pemex issues $1.5-billion bond to raise funds for debt refinancing
The oil major produced an average of 1.692 million bpd of crude oil this year
Trinity Energy plans to establish $500 mn refinery
The refinery is expected to be operational within two to three years
Samba, NCB to create Saudi’s $220 billion mega-bank
The merger is a part of the Kingdom’s Vision 2030 strategy
Indonesia to create $5 bn sovereign wealth fund
The sovereign wealth fund will be called Investment Authority Indonesia
China invests billions of dollars in new mega-refineries amid a volatile oil market
The mainland has already added 1 million barrels since the start of 2019