SINGAPORE (Reuters) – Inpex Corp, Japan’s biggest oil and gas explorer, said on Tuesday that it has signed a long-term liquefied natural gas (LNG) sales and purchase agreement with U.S.-based Venture Global LNG. Under the agreement, Inpex will buy one million tonnes per annum (mtpa) of LNG for 20 years on a free-on-board basis, Inpex…
By Isabel Kua and Yuka Obayashi SINGAPORE (Reuters) -Oil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions raised fuel demand hopes and concerns that winter storms across the United States are affecting energy production continued to buoy prices. Brent crude was up 88 cents, or 1.1%, at $84.80 a…
BEIJING (Reuters) – Profits at China’s industrial firms contracted further in the January-November period, when strict COVID 19-related restrictions disrupted factory activity and supply chains as the virus spread through key manufacturing hubs. Industrial profits fell 3.6% in January-November from a year earlier to 7.7 trillion yuan ($1.11 trillion), according to data released by the…
By Kanishka Singh WASHINGTON (Reuters) – Weather-related flight cancellations and delays that snarled U.S. commercial air traffic over the holiday weekend dragged on through Monday, with Southwest Airlines accounting for the bulk of the lingering disruptions a day after Christmas. More than 3,800 U.S. airline flights were canceled on Monday, including 2,800 operated by Southwest,…
By Yoshifumi Takemoto and Kentaro Sugiyama TOKYO (Reuters) – Japanese retail sales rose for a ninth straight month in November, data showed on Tuesday, as the lifting of COVID-19 border controls and the government’s domestic travel subsidy helped consumer demand. But from the previous month, sales fell from October, with price increases in daily necessities…
TOKYO (Reuters) – Japan’s jobless rate fell to 2.5% in November, while the availability of jobs stayed at its highest level since March 2020, government data showed on Tuesday. The seasonally adjusted unemployment rate matched economists’ median forecast in a Reuters poll and was down from 2.6% in October. The jobs-to-applicants ratio stood at 1.35,…
SEOUL (Reuters) – A major measure of the inflation expectations of South Korean consumers hit a seven-month low in December, underscoring the market’s view that the Bank of Korea’s policy tightening cycle is nearing an end. Consumers expected inflation for the next 12 months to be a median 3.8%, the Bank of Korea’s monthly survey…
By Valentine Hilaire PANAMA CITY (Reuters) -The Chief Executive Officer of Canadian miner First Quantum Minerals met Panama’s commerce and industry minister on Monday to discuss disagreements over the firm’s copper operations in the country, a person familiar with the matter said. First Quantum CEO Tristan Pascall flew to Panama over Christmas to attend the…
(Reuters) – SpaceX Chief Executive Elon Musk said on Monday that the company is now close to having 100 active Starlinks, the firm’s satellite internet service, in Iran, three months after he tweeted he would activate the service there amid protests around the Islamic country. Musk said, “approaching 100 starlinks active in Iran”, in a…
By Valentine Hilaire PANAMA CITY (Reuters) – The Chief Executive Officer of Canadian miner First Quantum Minerals met Panama’s commerce and industry minister on Monday to discuss disagreements over the firm’s copper operations in the country, a person familiar with the matter said. First Quantum CEO Tristan Pascall flew to Panama over Christmas to attend…
