TOKYO (Reuters) – Chubu Electric Power Co Inc said on Friday it would invest up to 5 billion yen ($34 million) in a Canadian geothermal venture, Eavor Technologies Inc, as it moves to expand its renewable energy portfolio and fight climate change. Within a few weeks, Chubu will invest between 1 billion and 5 billion …
Japan’s Chubu Elec to invest in Canadian geothermal venture Read More »
JAKARTA (Reuters) – Flag carrier Garuda Indonesia secured on Friday approval from its shareholders to launch a right issue in December to raise up to 14.3 trillion rupiah ($929.48 million), the company said. The rights issue will allow the government to top up Garuda’s capital by 7.5 trillion rupiah, a plan that had been approved …
Carrier Garuda Indonesia’s shareholders approve rights issue plan Read More »
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – Wall Street stock indexes made a dramatic recovery, closing sharply higher after an earlier sell-off on Thursday while the dollar gave up earlier gains as investors poured back into riskier bets after digesting a red-hot U.S. inflation reading that fueled bets for a big Federal …
Wall Street rebounds with a vengeance after initial inflation sell-off Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled about 2% higher on Thursday, as low levels of diesel inventory ahead of winter triggered buying and reversed early losses on surprisingly high stocks of crude and gasoline. Brent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29% gain. U.S. crude rose $1.84, …
Oil prices rise 2% on low diesel stocks ahead of winter Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Communications Commission is set to ban approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE in the United States on national security grounds, according to an agency document. FCC Chairwoman Jessica Rosenworcel last week circulated the proposed ban to the other three commissioners for final …
U.S. FCC set to ban approvals of new Huawei, ZTE equipment -document Read More »
(This Oct. 11 story has been corrected to amend the duration of flight to 90 seconds instead of 90 minutes in paragraph 3.) DUBAI (Reuters) – A “flying car” built by Chinese electronic vehicle maker Xpeng Inc made its first public flight in the United Arab Emirates, as the company works towards launching the electric …
Chinese ‘flying car’ makes first public flight in Dubai Read More »
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc said on Thursday it will introduce a streaming plan with advertising for roughly $7 per month in November, a move to attract new subscribers after the company lost customers in the first half of the year. The $6.99 cost for the “Basic with Ads” …
Netflix ad-supported plan to launch in November at $7 a month Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell against most currencies in volatile trading on Thursday, after initially spiking following a hotter-than-expected U.S. inflation report, as some investors thought the market’s initial response to the data was excessive. The greenback briefly hit a 32-year peak against the yen of 147.665 after the data, …
U.S. dollar retreats, comes off 32-year high vs yen as inflation-fueled gains fade Read More »
By Leika Kihara WASHINGTON (Reuters) – Japan’s currency intervention last month to stop a sharp slide in the yen was likely a “signaling action” to smooth volatility, though the impact of such moves tend to be short-lived, a senior International Monetary Fund official said on Thursday. Recent volatile market moves heighten the need for the …
IMF sees Japan’s currency intervention as ‘signaling’ move with short-term impact Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s software unit Cariad will spend more than $2 billion and take a 60% stake in a new venture with Chinese technology firm Horizon Robotics, it said on Thursday, tackling two big challenges: software and the Chinese market. The carmaker will invest $1 billion in Horizon Robotics and a further …
Volkswagen to take 60% stake in $2 billion tech JV with China’s Horizon Robotics Read More »
