BEIJING (Reuters) – China’s coal imports hit their highest level of 2021 in November, as the world’s biggest consumer of the dirty fuel scrambled to feed its power system as the winter heating season kicked in. The country brought in 35.05 million tonnes of coal last month, up from 26.94 million tonnes in October, data …
China’s November coal imports at highest in 2021 Read More »
By Alun John HONG KONG – Bitcoin rose 1.5% in early Asia on Tuesday, after firming overnight in line with equity markets and other risk assets, but many crypto traders remained on edge after Saturday’s sharp and sudden plunge. The world’s largest cryptocurrency was last around $50,800, having closed a choppy day on Monday 2.2% …
Bitcoin back over $50,000, as market calms after weekend turmoil Read More »
BEIJING (Reuters) – China’s tight restrictions on international travel as part of its zero-tolerance approach to controlling COVID-19 are the top concern for British firms operating in the country but they are more optimistic than last year, a survey showed on Tuesday. “Opaque, inconsistent travel and visa policies have made it extremely difficult to bring …
Travel curbs are biggest challenge for British firms in China – survey Read More »
SYDNEY (Reuters) -Qantas Airways Ltd expects to reach more than 115% of pre-COVID domestic capacity levels by April as Australian state borders open, Chief Executive Alan Joyce said on Tuesday. “Domestically we are seeing huge demand when borders open,” he said at a CAPA Centre for aviation event. “We have seen a surge in 24 …
Qantas expects to reach 115% of pre-COVID domestic capacity levels by April Read More »
(Reuters) – Australia’s Bank of Queensland Ltd said on Tuesday its net interest margin for fiscal 2022 would be lower than its previous forecast due to record low interest rates, yield curve volatility and stiff competition. The lender said the industry had seen headwinds to net interest margin, a key measure of a bank’s profitability, …
By David Shepardson and Ben Klayman WASHINGTON (Reuters) -Honda Motor Co’s American unit will pay $6.9 million in a settlement over engines used in equipment including lawn mowers, pressure washers and snow blowers that violated California’s air-quality regulations, a state regulator agency said on Monday. The California Air Resources Board (CARB) said testing in 2019 …
Honda to pay $6.9 million in California small engine emissions case Read More »
(Reuters) – Iraq’s oil minister said on Monday that he expects oil prices to reach over $75. Ihsan Abdul-Jabbar added in a televised interview with state TV, that OPEC is trying to “control the energy market, in a positive way” that maintains the interests of all parties, consumers and producers. Abdul-Jabbar also said that current oil …
Iraqi oil minister expects oil to reach over $75 Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar edged higher while U.S. and European shares rallied on Monday after easing concerns about the Omicron coronavirus variant led investors to buy stocks that will likely perform well in a rising interest rate environment. Yields on U.S. government debt surged, with the benchmark U.S. 10-year Treasury yield …
Stocks rally, dollar gains as Omicron fears ease Read More »
By David Shepardson WASHINGTON (Reuters) -Toyota Motor Corp announced on Monday it is building a new $1.29 billion battery plant in North Carolina as it moves to expand its hybrid and electric vehicle efforts. The new plant, at a site in Liberty that will begin production in 2025, will initially be capable of supplying lithium-ion …
Toyota to build new $1.3 billion battery plant in North Carolina Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency products and funds received $184 million in net inflows as of last week, data from digital asset manager CoinShares showed on Monday. Friday’s price weakness, however, did lead to $40 million outflows that day, CoinShares said. For the year, total inflows amounted $9.1 billion, slightly below the …
Cryptocurrencies post net inflows last week, but outflows seen on Friday – CoinShares Read More »
