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The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.
WASHINGTON — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the monthly increase in its producer price index, which measures inflationary pressures before they reach consumers, was 0.5% for September compared to a 0.7% gain in […]
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SINGAPORE (REUTERS) – One of Singapore’s largest independent electricity retailers has exited the market and according to company sources at least three others have stopped accepting new clients amid rocketing wholesale energy prices. A surge in global wholesale gas prices has multiplied in recent months as production and transit problems have lowered gas supply just as demand took off in […]
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(Corrects to gap between five- and 30-, not 10- and 30-year yields in para 6) Oct 14 (Reuters) – German bond yields were set for their biggest two-day falling streak in months as bond markets continued to reverse a recent spike in borrowing costs. Government bond yields across major developed markets, driven higher over the last month by worries around […]
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SINGAPORE (REUTERS) – Singapore LNG Corp (SLNG) is making enquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city state’s liquefied natural gas (LNG) terminal, industry sources said on Wednesday (Oct 13). The inquiries come on the back of surging prices globally of power generation fuels, such as LNG and coal, amid […]
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BEIJING (BLOOMBERG) – China, Asia’s biggest oil refiner by capacity, is set to slash fuel exports as it keeps more supplies for domestic use amid a power crisis stemming from coal shortages. Outflows of oil products such as diesel and petrol are expected to slip this month due to tighter balances nationwide, which have boosted retail prices and margins from local […]
Read more BEIJING (BLOOMBERG) – China, Asia’s biggest oil refiner by capacity, is set to slash fuel exports as it keeps more supplies for domestic use amid a power crisis stemming from coal shortages. Outflows of oil products such as diesel and petrol are expected to slip this month due to tighter balances nationwide, which have boosted retail prices and margins from local […]
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NEW YORK (NYTIMES) – The US Labor Department proposed rule changes on Wednesday (Oct 13) that would make it easier for retirement plans to add investment options based on environmental and social considerations – and make it possible for such options to be the default setting upon enrollment. In a reversal of a Trump-era policy, the Biden administration’s proposal makes […]
Read more NEW YORK (NYTIMES) – The US Labor Department proposed rule changes on Wednesday (Oct 13) that would make it easier for retirement plans to add investment options based on environmental and social considerations – and make it possible for such options to be the default setting upon enrollment. In a reversal of a Trump-era policy, the Biden administration’s proposal makes […]
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BEIJING (BLOOMBERG) – China’s factory-gate inflation soared last month to the highest level in almost 26 years, fuelled by a nationwide energy crisis and skyrocketing coal prices. Consumer inflation stayed muted. Producer prices climbed 10.7 per cent from a year earlier, the National Bureau of Statistics said on Thursday (Oct 14), the fastest pace since November 1995. That was higher […]
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Woodrow Wilson signed the bill that created the National Park Service on August 25, 1916. Part of the Department of the Interior, today it manages what it calls 423 units, generally known as parks. Across America, they cover 85 million acres. There recently have been battles about how the parks can be used for commercial purposes. Among them is whether […]
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