The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

U.S. wholesale prices rose record 8.6% over 12 months – The Denver Post

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 […]

Read more

Singapore electricity provider iSwitch Energy quits market, pressure on others

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 […]

Read more

Singapore LNG Corp scouts for spot cargoes as electricity futures surge

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 […]

Read more

China set to slash fuel exports as power crisis spurs domestic use

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

China set to slash fuel exports as power crisis spurs domestic use

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

US proposes reversing Trump-era rules on ESG investing

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

US proposes reversing Trump-era rules on ESG investing

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

China factory-gate inflation surges to highest in 26 years

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 […]

Read more

This Is the Most Underrated National Park

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 […]

Read more
1 2 3 948