By Laura Sanicola NEW YORK (Reuters) -Oil prices settled higher on Monday, shaking off weaker demand expectations as supply concerns mount heading into the winter. Brent crude futures settled up $1.16, or 1.3%, at $94.00 a barrel. U.S. West Texas Intermediate crude settled up 99 cents, or 1.1%, at $87.78. U.S. emergency oil stocks fell …
Oil prices settle higher amid supply concerns heading into winter Read More »
By Gloria Dickie LONDON (Reuters) – Industrial-scale mining for materials such as coal, gold, and iron ore is spurring tropical deforestation, with once-impenetrable forest cleared for mines and access roads, new research shows. In the first study to quantify the impact of industrial mining on tropical forest loss, an international team of scientists found that …
(Reuters) -Twitter Inc said on Monday payments made to a whistleblower did not breach any terms of its $44 billion buyout by Elon Musk, after the world’s richest man made another attempt to scrap the deal. In a letter to Twitter on Friday, lawyers for Musk said Twitter’s failure to seek his consent before paying …
Twitter says Musk’s latest attempt to scrap deal ‘invalid and wrongful’ Read More »
By Karen Freifeld and Alexandra Alper WASHINGTON(Reuters) -The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to …
Exclusive-Biden to hit China with broader curbs on U.S. chip and tool exports -sources Read More »
By Nupur Anand and Ira Dugal MUMBAI (Reuters) – Demand for home loans is strong in India and is expected to pick up further over the next few months, the head of major housing finance firm Housing Development Finance Corporation said on Monday. “The economy is buoyant, the feel good factor is high, affordability is …
India’s top mortgage lender sees pickup in home loan demand despite rate hikes Read More »
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation rate accelerated to 7% in August, driven by a surge in food prices, putting more pressure on the central bank to hike interest rates again later this month. The monetary policy committee (MPC) of the Reserve Bank of India (RBI) has …
India’s Aug retail inflation accelerates as cenbank struggles to tame prices Read More »
TOKYO (Reuters) -Japanese automaker Nissan will extend its suspension of an assembly plant in Saint Petersberg, Russia, for three months until late December, it said on Monday. “Production is suspended at St Petersburg until the end of December and employees have been informed. We continue to monitor the situation closely and will take actions as …
Nissan extends suspension of Russia factory for three months Read More »
HANOI (Reuters) – Vietnam’s gross domestic product growth is expected to be above 7% in the third quarter, the government said on Monday. The government in a statement said it has managed to maintain macroeconomic stability so far this year amid global uncertainty. Vietnam’s GDP accelerated to 7.72% in the second quarter from 5.05% in …
Vietnam Q3 GDP growth seen above 7% – government Read More »
By Leika Kihara TOKYO (Reuters) – The yen may be near 24-year lows, but Japan’s central bank is not even close to trying to support it with higher interest rates. That is the message from three sources familiar with the thinking of the Bank of Japan (BOJ), and it was strongly implied by the country’s …
Analysis-BOJ is nowhere near shifting monetary policy to support yen Read More »
BANGKOK (Reuters) – Thailand’s cabinet will consider extending both an electricity subsidy and an excise tax cut for diesel, in a move to help alleviate impacts of high energy prices and living costs, a deputy prime minister said on Monday. The tax cut on diesel by 5 baht $0.1372) litre was last extended for two …
Thailand considering extension of diesel tax cut, electricity subsidy – minister Read More »
