Wednesday, 14 June 2023

NextDecade shares spike after TotalEnergies agrees to purchase stake

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The move comes as part of a broader deal that will plug "momentum" into the Houston-based company's Rio Grande LNG export project, according to NextDecade. Construction of the terminal has seen repeated delays after its biggest financier, Societe Generale, backed out of the project due to protests from climate and indigenous activists.

Gold prices traded higher Wednesday after data showed U.S. wholesale prices eased in May, providing another sign that inflation pressures are abating in the face of the Federal Reserve's monetary tightening campaign.






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