Exclusive: First Quantum warns employees that Panama mine may close if dispute is not settled
First Quantum Minerals Ltd has warned employees it may have to shutter operations in Panama if the government does not allow its copper exports to resume by next week, according to a memo sent to staff and seen by Reuters.
India’s retail inflation breaches RBI’s tolerance level first time since October
India’s annual retail inflation in January rose above the central bank’s upper threshold for the first time in three months, on higher food prices, vindicating last week’s hawkish monetary policy stance
Analysis: Brazil central bank autonomy becomes political punching bag for Lula
Brazil’s central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the new government that can use it to fire up its leftist base and blame it for economic woes.
Two energy giants, two green projects: one double-booking in North Sea
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals.
Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges
As casinos in Macau begin new licenses to operate in the world’s biggest gambling hub on Jan. 1, the stakes are high on whether they will be able to successfully deliver on a government mandate to diversify away from their cash-cow: gambling.
Analysis: The hardest part is yet to come for gas-hoarding Europe
Europe faces a much tougher task to rebuild gas stocks next year compared with this winter, meaning energy bills are likely to stay high and governments could have to implement painful rationing measures they have so far avoided.
Foxconn fine for unauthorised China investment likely to be imposed soon – source
Foxconn, the world’s largest contract electronics maker, is likely to be fined soon by Taiwan’s government for an unauthorised investment in a Chinese chip maker, a person with direct knowledge of the situation said on Monday.
Germany’s half-a-trillion dollar energy bazooka may not be enough
Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago.
Taiwan seeks to reassure on TSMC commitment to island despite U.S. investment
Taiwan’s economy minister said on Wednesday that the island remains chipmaker TSMC’s most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.
China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll
China’s exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world’s second-biggest economy.
