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TotalEnergies sells half of 424 MW portfolio in Greece

TotalEnergies sold 50% of its 424 MW wind and solar portfolio in Greece to Asterion Industrial Partners for EUR 508 million. This divestment is part of a global savings strategy amid rising debt and weakening oil prices. TotalEnergies retains a 50% stake and remains the operator, aiming to market electricity post-tariff expiry. The move aligns with its strategy to balance renewables and flexible assets for profitability.

Blank Green ENERGY NEWS·
US
TTE
+0.33%
Blank Green ENERGY NEWS·
US
TTE
+0.33%

Direxion Daily TSM Bull 2X Shares Announces Quarterly Dividend of $0.26 (NASDAQ:TSMX)

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) announced a quarterly dividend of $0.26 per share, payable on December 31st to shareholders of record on December 23rd. The ex-dividend date is December 23rd. The ETF, which offers 2x leveraged exposure to Taiwan Semiconductor Manufacturing stock, has a yield of 2.2%. TSMX shares traded up 1.9% to $47.22. The fund has a market cap of $226.66 million and a beta of 7.50.

Market Beat·
US
TSM
+1.25%
Market Beat·
US
TSM
+1.25%

Europe Gasoline/Naphtha-Gasoline refining profit margins gain

Northwest European gasoline refinery profit margins increased by 56 cents to $9.18 a barrel. ExxonMobil, BP, and TotalEnergies were active sellers, while Varo was a buyer. The German government extended job security for PCK Schwedt refinery workers until June next year. EU-27 and UK gasoline exports averaged 701,000 barrels per day this month, down from November's 897,000 bpd.

Reuters·
US
TTE
+0.33%
Reuters·
US
TTE
+0.33%

SMIC has implemented price increases on some production capacities, with an increase of approximately 10%

SMIC is expected to raise prices for some production capacity by about 10% soon. The reasons for the price increase include the growth in demand for mobile applications and AI, as well as rising raw material costs. In addition, TSMC's consolidation of 8-inch capacity and plans to shut down some production lines by the end of 2027 have also triggered price increase expectations. SMIC and Hua Hong's capacity utilization rates are close to full load

Wallstreetcn·
SH
688981
+2.57%
HK
00981
+2.83%
US
TSM
+1.25%
Wallstreetcn·
SH
688981
+2.57%
HK
00981
+2.83%
US
TSM
+1.25%

Gasoline refining profit margins stabilise

Northwest European gasoline refinery profit margins remained stable, with a slight increase to $8.77 per barrel. Trading activities included ExxonMobil and Equinor selling Eurobob E5 gasoline to Gunvor and Varo, and TotalEnergies and BP selling Eurobob E10 to Varo. U.S. gasoline stocks are expected to rise by 1.1 million barrels. Glencore is acquiring a majority stake in Dutch fuel supplier FincoEnergies. EU-27 and UK gasoline exports have decreased this month compared to November.

Reuters·
US
TTE
+0.33%
Reuters·
US
TTE
+0.33%
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