Price control starts April 1 The proposals are subject to statutory consultation Should increase the use of renewable energy Green energy would be supported by nuclear, hydrogen LONDON, Nov 30 (Reuters) – Britain’s energy watchdog has proposed price controls for electricity distribution companies for the next five years, which it says will boost investment in …
UK energy watchdog proposes electricity price checks Read More »
Cyber Monday spending hits a record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Disabled indices: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Major Wall Street indexes fell on Monday amid concerns over protests in major Chinese cities over strict COVID-19 policies, although Amazon’s gains helped limit losses …
Wall St losses limited as Amazon gains on bullish Cyber Monday Read More »
NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …
Global oil market signals near-term weakness ahead of EU embargo on Russian oil Read More »
A preview of the day ahead in the European and global markets of Anshuman Daga Hopes of near calm in the final weeks of 2022 are firmly dashed as rare widespread protests across China following tough coronavirus restrictions fuel risk sentiment and pulp stocks, while pushing the safe haven dollar. To make matters worse, COVID-19 …
Nov 28 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. The Purchasing Managers’ Index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets …
Morning auction: the Chinese crisis is preparing Read More »
OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, pledging more resources to deal with a “disruptive” China while working with the world’s second-largest economy on climate change and trade issues. . The 26-page document outlines spending of C$2.6 billion ($1.9 billion), including bolstering Canada’s military and cybersecurity presence in the …
Canada launches new Indo-Pacific strategy, focuses on ‘disruptive’ China Read More »
WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …
Chevron can resume a key role in Venezuela’s oil production and exports Read More »
International leaders attend the summit in person The summit coincides with the Stalin-era famine memorial The initiative adds to the UN export plan KYIV, Nov 26 (Reuters) – Ukrainian President Volodymyr Zelenskiy held a summit with allied nations in Kyiv on Saturday to launch a plan to export $150 million of grain to countries most …
Ukraine and partners launch $150m grain export plan to help vulnerable countries Read More »
A preview of the day ahead in the European and global markets of Anshuman Daga: A national spike in COVID-19 cases in China is again the main talking point for weary global markets on Tuesday as Beijing closed parks and museums and more cities resumed mass testing. Analysts are pushing back growth expectations for the …
Kaabi says discussions with other Chinese and European buyers are ongoing Says buyers can take up to 5% stake in expansion Agreement indicates importance of long-term secure supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG deal so far, …
Qatar signs 27-year deal with China as LNG competition intensifies Read More »
