Antony Currie has more than a decade of experience as a financial journalist, having worked with Euromoney since 1996, most recently as a U.S. editor. He has worked on assignments in the major financial centres of Europe and the US and written stories on capital markets, global economies and the investment banking industry. He holds a bachelor's degree in German language and literature and a master's degree in politics and international relations from the University of Bristol.
The Kentucky power plant is one of two being closed because the fuel is no longer economical. Struggling supplier Murray Energy, run by a big Trump supporter, reckons overseas markets are its salvation. But they are unlikely to come to the rescue of the American industry.
The waterway supports at least $4 trln in GDP and $1.3 trln in stock value across seven U.S. states. Declining flows are worsened by rising temperatures, and screwy governance makes basin-wide planning hard. Now the feds are stepping in. Yet investors have barely caused a ripple.
BB&T’s $28 bln offer for SunTrust is the largest bank deal in a decade and the first to create a new lender regulators regard as systemically important. It should please investors on both sides - so long as the banks don’t take their eye off the digital-banking ball.