JSW Steel 'examining bid for Gupta's British business'; G7 agrees to stop international funding for coal; Neptune Energy eyes IPO
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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
The world’s seven largest advanced economies have agreed to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets.
Oil and gas explorer Neptune Energy Group is working with financial adviser Rothschild & Co. to explore potential options including an initial public offering, according to sources.
India's largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two sources said, as would-be buyers circle Sanjeev Gupta's global commodities empire.
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