Templeton Emerging Markets Group closed its fund that invests in the least-developed markets to new money, as record cash inflows turn stock indexes from Dubai to Argentina into the world’s best performers this year.
Royal Dutch Shell Plc, the world’s biggest liquefied natural gas supplier, may delay until 2014 a decision on its Arrow LNG venture that’s forecast to cost $20 billion amid rising expenses for energy projects in Australia.
Royal Dutch Shell Plc, Europe’s biggest oil company, said Europe needs a price of $120 per ton of carbon dioxide for natural gas to compete with imported U.S. coal and subsidized renewable energy in power generation.
Mouchel Plc rose the most on record in London trading as the U.K. provider of road maintenance services said its lending banks remained “fully supportive” of the board, even after its interim chairman resigned.
Simon Henry is the frontrunner among analysts to become the next chief executive officer of Royal Dutch Shell Plc after Peter Voser unexpectedly announced his resignation next year from Europe’s biggest oil company.
Electrocomponents Plc, a distributor of more than 550,000 electronics and maintenance products, rose for a 13th day, the longest streak ever, as investors bet that resurgent business in Europe and North America will continue.