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By Nichola Groom and Nina Chestney (Reuters) – After a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere, marking a setback for efforts to…
By Amy Lv and Pratima Desai BEIJING/LONDON (Reuters) – New capacity for converting bauxite into alumina due online next year is set to ease tight supplies and potentially halt a record-breaking price rally of the material used to make aluminium. Higher alumina prices outside China have turned the top producer…
Trump’s tariff threats may boost Chinese exports as importers rush to beat tariffs.Trump’s proposed tariffs could lead to increased global manufacturing activity temporarily.Asian countries may face negative export growth if the US targets trade deficits with tariffs. US President-elect Donald Trump may be good for China’s export business — at…
By Michael Erman NEW YORK (Reuters) -Sanofi’s chief executive, Paul Hudson (NYSE:), said in an interview on Monday that the company is poised for strong growth from a variety of new drugs and is not facing imminent, costly patent expirations of top-selling products as are some rivals. “We’ve spent five…
By Douglas Gillison (Reuters) – Wall Street’s top regulator on Wednesday unveiled rules allowing stock markets to price shares in increments of half a penny, rather than the current minimum size of 1 cent, aiming to promote more competitive pricing and reduce investor costs. The five-member U.S. Securities and Exchange…
By Ernest Scheyder (Reuters) – Native American opposition to Rio Tinto (NYSE:) and BHP’s Resolution Copper mine could prove crucial for the 2024 U.S. presidential vote in the battleground state of Arizona, underscoring the high tension over where best to extract critical minerals for the energy transition. The mine would,…
By Johann M Cherian (Reuters) – Wall Street’s main indexes were set to open slightly higher on Thursday after AI chip firm Nvidia (NASDAQ:)’s largely in-line forecast and data that showed the U.S. economy remained robust. Chip bellwether Nvidia’s shares pared some losses and were last down 3.1% in premarket…
By Tom Polansek and Promit Mukherjee CHICAGO/OTTAWA (Reuters) – A looming stoppage of freight railway operations across Canada would disrupt North America’s agricultural supply chain, snarling shipments of everything from wheat to fertilizer and meat. Unless last-minute labor agreements are reached, both Canadian National Railway (TSX:) and Canadian Pacific (NYSE:)…
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) -Wall Street was set to open slightly lower on Wednesday ahead of a holiday-shortened trading session, as investors assessed jobs data while being on the lookout for more economic reports and the Federal Reserve’s June policy meeting minutes. The equity market will…
Climate advocates and business groups are closely watching the US Supreme Court this week.The court could issue a ruling that sharply curtails the federal government’s power to regulate the environment, including President Joe Biden’s climate policies.The case involves a group of commercial fishermen who opposed fees they had to pay…
