By Wayne Cole SYDNEY (Reuters) – Asian share markets got off to a cautious start on Monday amid talk of yet more sanctions against Russia over its invasion of Ukraine, while bond markets continued to sound the risk of a hard landing for the U.S. economy as short-term yields surged. A holiday on China made…
By Timothy Gardner WASHINGTON (Reuters) – Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the century, the White House said in its first ever such assessment on Sunday. The Office of Management and Budget assessment, tasked by President…
By Sudarshan Varadhan NEW DELHI (Reuters) -India’s southern Andhra Pradesh has cancelled bids made for two separate tenders by India’s Adani Enterprises to supply imported coal as the prices quoted were too high, two state government officials told Reuters. It is the first time in recent years that a major government tender for imported coal…
By Steve Scherer OTTAWA (Reuters) -Canada on Monday will announce its support for General Motors Co’s multi-billion-dollar investment in two plants, including one that will produce electric commercial vehicles (EVs), a government source said. Both the federal government and Ontario’s provincial government will invest in the two GM plants in Ingersoll and Oshawa, said the…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues. The early losses this week come after oil prices…
By Steve Scherer OTTAWA (Reuters) – Canada on Monday will announce its support for General Motors Co’s multi-billion-dollar investment in two plants, including one that will produce electric commercial vehicles (EVs), a government source said. Both the federal government and Ontario’s provincial government will invest in the two GM plants in Ingersoll and Oshawa, said…
By Stephanie Kelly NEW YORK (Reuters) – Oil futures were set to open for Asian trade on Sunday, after both Brent and U.S. crude benchmarks posted their biggest weekly falls in two years last week as the United States announced the largest ever release from the U.S. Strategic Petroleum Reserve. Both contracts settled down around…
SANTIAGO (Reuters) – Peru’s ministry of economy and finance announced on Sunday that it would suspend taxes on the country’s most consumed fuels to fight surging prices caused by the Russia-Ukraine conflict. The measure suspends taxes on 84 and 90 octane gasoline, gasohol and certain types of diesel until June 30, with a potential extension…
(Refiles to clarify in headline, first paragraph that BYD stops making fully combustion engine cars but smaller gasoline engines still used in plug-in hybrids) BEIJING (Reuters) -China’s largest electric vehicle (EV) maker BYD Co Ltd (002594.SZ) said that as of last month it stopped making combustion engine vehicles and now produces full electric and heavily…
By Sudarshan Varadhan NEW DELHI (Reuters) – India’s southern Andhra Pradesh has cancelled bids made for two separate tenders by India’s Adani Enterprises to supply imported coal as the prices quoted were too high, two state government officials told Reuters. It is the first time in recent years that a major government tender for imported…
