Funding & Business
Nigeria Cuts Oil Firms’ Cost-Recovery Cap to Boost Budget Income
Nigeria has set a lower threshold by which oil companies can recover their expenses as it seeks to boost government revenue amid lower crude oil prices threatening to widen the budget deficit in the West African nation.
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Berkshire Hathaway Inc.’s PacifiCorp says ongoing litigation from massive wildfires in 2020 that exposed the company to billions of dollars in damages is jeopardizing its ability to continue providing power to hundreds of thousands of customers in Oregon.
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Funding & Business
Summers on Trump vs Fed, US Jobs Data Battle, Australia’s Gold Rush 2.0, India’s Risk Balance
This week, former US Treasury Secretary Lawrence H. Summers comments on why the markets have been slow to react to President Donald Trump’s efforts to fire Fed Governor Lisa Cook and further change the composition of the FOMC. And, concerns about BLS politicization are growing – what is the real problem behind the jobs numbers? Plus, gold prices near record highs are fueling a mining boom in Australia. Later, India is opening its markets to investors, but can regulators strike the right balance between risk and stability? (Source: Bloomberg)
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Patient Square Capital, the investment firm started by former KKR & Co. dealmaker Jim Momtazee, is exploring an acquisition of health-care services company Premier Inc., according to people familiar with the matter.
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