Exclusive: China agrees with U.S. to release oil reserves near Lunar New Year
China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters.
UK economy finally bigger than before pandemic in November
Britain’s economy grew strongly in November to finally surpass its size just before the country went into its first COVID-19 lockdown, official data showedon Friday.
Analysis: With Evergrande debt relief deal, China signals stability trumps austerity
If this week’s developments at China’s most indebted property developer are anything to go by, 2022 might see Beijing soften its attempts to purge the sector and make more allowances for economic stability.
European shares in the red after hawkish Fed comments
European stocks dropped in early trading on Friday after more Fed policymakers signalled they will start to raise U.S. interest rates in March to combat inflation.
India’s Reliance intensifies green push with $80 bln investment in Gujarat
India’s Reliance Industries (RELI.NS) said it would invest 5.95 trillion rupees ($80.49 billion) to set up green energy projects and bolster its retail and telecom arms in the western state of Gujarat, as it targets net-zero carbon emissions by 2035.
U.S. Chamber of Commerce, others urge Congress to pass privacy legislation
The U.S. Chamber of Commerce, and a long list of other organizations, urged Congress on Thursday to pass “comprehensive privacy legislation” that would prevent the development of an unwieldy patchwork of state laws.
Betting on hydrogen hype, Thyssenkrupp eyes $687 mln in IPO cash
Thyssenkrupp’s (TKAG.DE) electrolysis business is aiming for proceeds of up to 600 million euros ($687 million) by selling new shares in a possible initial public offering this year, betting on the $130 billion hydrogen sector it supplies
Investors ready for U.S. earnings as inflation worries run high
U.S. companies will post results in the coming weeks on the final quarter of 2021 as investors worry about inflation’s impact on earnings and pressure on the Federal Reserve to speed up the timeline for kicking off interest rate hikes.
German industry expects economy to grow by 3.5% in 2022
Germany’s BDI industry association said on Thursday it expected Europe’s largest economy to grow 3.5% this year, giving a more cautious forecast than the government as it warned companies could face another “stop-and-go year” due to the pandemic.
U.S. FAA issues impact notices on 5G wireless aviation
The Federal Aviation Administration (FAA) began publishing notices early on Thursday that detailed the extent of potential impact of new 5G wireless service on sensitive aircraft electronics.
