Spain Gears Up to Convince EU It Can Spend Recovery Funds Wisely

Financial Post | Jun 29, 2020 at 9:29 AM

Spain may be about to access as much as 140 billion euros ($158 billion) if the European Union can agree on proposals to finance the bloc’s economic reconstruction next month and the government in Madrid is determined to show it can make the most of the windfall.

KKR Procures Stake in First Gen, Philippines Based Power Producer

Energetica India | Jun 29, 2020 at 2:00 AM

KKR has announced that, ensuing the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has acknowledged all of the 427,041,291 common shares of First Gen Corporation that were tendered by shareholders at the close of the tender offer, representing approximately 11.9 percent of First Gen’s outstanding common shares.

Oil May Never Hit $100 Again

Hellenic Shipping News | Jun 29, 2020 at 2:00 AM

For more than a week now, oil prices have consolidated around the psychologically important $40/barrel level as the worst of the recent oil price crash appears to be in the rearview mirror.