12 articles
Shell and ExxonMobil are exploring an $8 billion sale of their joint venture Infineum, a UK-based chemicals unit, after hiring Bank of America to advise on the potential transaction.
Bank of America reports African corporate hard-currency bond sales hit a five-year high, with issuers like Sasol and First Quantum Minerals benefiting from improved credit quality.
Bank of America economist Tatonga Rusike forecasts two 25-basis-point rate hikes in South Africa by November 2026, driven by oil price shocks exceeding $100/barrel and inflation risks.
Bank of America reports record weekly inflows into US stocks as oil prices exceed $100 and inflation pressures mount. The bank identifies commodities, credit, and Chinese bonds as key risks for the fo
The SEC charged a former Bank of America banker with insider trading regarding the $8.1 billion acquisition of South Jersey Industries, an energy holding company, alleging illegal profits of $18.5 mil
The SEC charged former Bank of America banker Jason Satsky with insider trading concerning a natural gas utility acquisition, alleging he tipped off a friend who profited $18.5 million.
Bank of America pledged $250 billion by July 2027 to finance U.S. infrastructure, targeting critical minerals, energy upgrades, and digital projects. The initiative aims to support economic growth and
Senior base metals traders are leaving major banks and trading firms amid rising demand driven by supply-chain disruptions, data centre investments, and potential import tariffs. Key departures includ
Bank of America reports Latin American petrochemical firms saw record Q2 profits driven by Middle East supply disruptions and rising product prices. Analysts warn this trend is unsustainable due to we
Bank of America analyst Francisco Blanch forecasts Brent crude averaging $90 this year due to tight global supplies and Iran-related geopolitical risks. He warns that continued blockades in the Strait
Bank of America reports Latin American petrochemical spreads reached multi-year highs in April driven by Middle East supply disruptions and stable feedstock, though sustainability remains uncertain.
Goldman Sachs and Bank of America are revising Federal Reserve interest-rate cut forecasts to late 2026 or 2027, citing robust jobs data and rising oil prices fueling inflation concerns.
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