By Jarrett Renshaw PHILADELPHIA (Reuters) – A portion of a vital highway on the East Coast of the U.S. collapsed in Philadelphia after a tanker truck carrying gasoline caught fire underneath an overpass, officials said on Sunday. No deaths or injuries were reported, but officials said the situation remains fluid and that investigators were still…
(Reuters) – TC Energy said it completed the shutdown of two compressor stations on the NOVA Gas Transmission Ltd. (NGTL) System and a gas storage facility on Saturday that were near wildfires in Edson, Alberta. “Other sections of the NGTL system and other pipeline systems continue to operate safely and we continue to monitor the…
LONDON (Reuters) – Britain’s economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body said on Monday. The economy is on course to expand 0.4% this year and 1.8% next year, the CBI said, compared with its previous forecast…
LONDON (Reuters) – JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come with forward guidance suggesting smaller hikes ahead if needed. June 22 is the first scheduled policy meeting after Hafize Gaye Erkan was appointed as central…
TAIPEI (Reuters) – Taiwan’s central bank is expected to leave its policy rate unchanged this week, according to most economists polled by Reuters, as inflationary pressures ease and the island’s export-driven economy faces weak external demand. The central bank is likely to keep the benchmark discount rate at 1.875% at its quarterly meeting on Thursday,…
COPENHAGEN (Reuters) -Danish drugmaker Novo Nordisk will invest 15.9 billion Danish crowns ($2.29 billion) to expand a production facility in Denmark for products to treat serious chronic diseases, the company said in a statement on Monday. The existing facility produces active pharmaceutical ingredient (API), the main biologically active components of medicines, and will be expanded…
LONDON (Reuters) -The Bank of England may need to raise interest rates more than once from their current level of 4.5% to bring inflation under control, Monetary Policy Committee member Jonathan Haskel said on Monday. “My own view is that it’s important we continue to lean against the risks of inflation momentum, and therefore that…
(Reuters) – It’s a week of meetings of central bank heavies, with the U.S. Federal Reserve, European Central Bank and Bank of Japan all due to announce decisions. The Fed is tipped to stop its rate increases, for now, the ECB, to keeping going, for now, while the BOJ remains in stop mode, for now….
COPENHAGEN (Reuters) -Danish drugmaker Novo Nordisk will invest 15.9 billion Danish crowns ($2.29 billion) to expand a production facility in Denmark for products to treat serious chronic diseases, the company said in a statement on Monday. The existing facility produces active pharmaceutical ingredient (API), the main biologically active components of medicines, and will be expanded…
BEIJING (Reuters) -China deployed a reconnaissance aircraft over Pacific waters east of Taiwan last week that Chinese media said monitored and gathered intelligence on an exercise involving the navies of the United States, Japan, France and Canada. A Y-9 cargo plane variant fitted with intelligence-gathering equipment most likely monitored and collected intelligence on the exercise,…
