By Jarrett Renshaw and Steve Holland WASHINGTON (Reuters) -The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four U.S. sources said on Wednesday, as the White House tries to lower fuel prices. The International Energy Agency (IEA) member countries are set to…
TOKYO (AP) — Asian shares were mostly lower Friday as a resurgence of Russian attacks dashed hopes for any quick end to the war in Ukraine. The retreat followed a broad decline on Wall Street, which closed out its worst quarter since the pandemic broke out two years ago. A closely watched quarterly gauge of…
By James Davey ROYDON, England (Reuters) – In a small corner of south-east England, vast glasshouses stand empty, the soaring cost of energy preventing their owner from using heat to grow cucumbers for the British market. Elsewhere in the country growers have also failed to plant peppers, aubergines and tomatoes after a surge in natural…
BEIJING (AP) — China’s manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centers were shut down to fight coronavirus outbreaks, a survey showed Thursday. The monthly purchasing managers’ index of the Chinese statistics agency and an industry group, the China Federation of Logistics and Purchasing, fell…
NEW YORK (AP) — Amazon workers in Alabama appear to have rejected a union bid in a tight race, according to early results on Thursday. But outstanding challenged votes could change the outcome. In New York, union supporters have the edge in a count that will continue Friday morning. Warehouse workers in Bessemer, Alabama, voted…
(Reuters) – Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, Bloomberg News reported on Wednesday, citing sources. Japan-based Kioxia Holdings Corp — a key supplier of flash memory chips to Apple — had reported a…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – G7 policymakers must speed up creation of a common framework to regulate digital currencies, as the Ukraine war heightens the need to avoid them being used as a loophole against sanctions, a senior Bank of Japan official said. Cryptoassets and stablecoins have come under the regulatory…
By Jarrett Renshaw, Steve Holland and Timothy Gardner WASHINGTON (Reuters) -The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four U.S. sources said on Wednesday, as the White House tries to lower fuel prices. The move would mark the third time the…
BEIJING (Reuters) -Activity in China’s factory and services sectors swung into negative territory in March, an official survey showed on Thursday, contracting simultaneously for the first time since the peak of the country’s COVID-19 outbreak in 2020. The official manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 from 50.2 in February, the National Bureau of…
SHANGHAI (Reuters) – China’s securities regulator said on Thursday both China and the United States have a willingness to solve their audit disputes, and the outcome depends on the wisdom of both parties. The China Securities Regulatory Commission said whether Chinese companies listed in the United States are delisted in the future depends on the…
