Oil stabilizes after choppy trade, U.S. says export ban not ruled out

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Join now for FREE unlimited access to Reuters.com Register Washington hasn’t ruled out export curbs to drive down fuel prices Beijing steps up COVID quarantine … Read more

Stocks tumble on growth worries, bond yields fall

Stocks slide on bearish earnings and economic data China talks about stimulus, but the economic damage is already done Euro close to 4-week high as Lagarde announces July rate hike NEW YORK/LONDON, May 24 (Reuters) – Stocks fell around the world on Tuesday as supply chain issues and soaring costs hurt corporate profits and slowed … Read more

Russian ruble companies exceed 57 per dollar for the first time in four years

A Russian ruble banknote sits on top of US dollar banknotes in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – The Russian ruble strengthened on Tuesday to levels not seen since March 2018 against the dollar, boosted by exporting firms selling … Read more

Wall Street rallies behind big tech and banks

Upbeat outlook for JPMorgan Chase interest income boosts banks Broadcom shares fall following potential VMware takeover Indices up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59% NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as bank gains and a rebound in market-leading tech stocks supported a broad-based rally after Wall Street’s longest streak … Read more

Didi’s disastrous foray into Wall Street is nearly over

hong kong CNN Business — Shareholders will vote Monday on Didi’s plan to exit the New York Stock Exchange less than a year after China’s largest ride-hailing company launched its $4.4 billion initial public offering. Just days after Didi’s debut on Wall Street last summer, Chinese authorities banned the service from app stores across the … Read more

Can renewables help fill the energy gap in India’s hot summer? | Business and Economy News

New Delhi, India – As temperatures soar above 40 degrees Celsius in the village of Hasanganj in the northern Indian state of Uttar Pradesh, nearly 14-hour power cuts in the area mean that bananas sold by Ramesh, a uniquely named fruit seller, rot faster than normal without fans to keep them cool. As sales plummet, … Read more

Exclusive: General Atlantic plans $2 billion investment in India and Southeast Asia

The logo of the upcoming 2022 World Economic Forum (WEF) is pictured on a window of the congress center in the alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Join now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity firm General Atlantic plans to … Read more

Hyundai Motor Group to invest over $10 billion in US through 2025

SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it will invest an additional $5 billion in the United States by 2025 to boost collaboration with U.S. companies in cutting-edge technologies. The investments, announced during a visit to Seoul by President Joe Biden, relate to robotics, urban air mobility, autonomous driving and artificial … Read more