Power lines lead into the coal-fired Intermountain Power Plant on March 28, 2016 outside Delta, Utah. The IPP generates more then 13 million megawatt hours of coal-fired energy each year to Utah and Southern California. (Photo by George Frey/Getty Images) The Intermountain Power Agency has new deadlines to submit a notice to decommission its coal […]
A closely-watched report on US inflation showed consumer price increases cooled during the month of May, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) remained flat over the previous month and rose 3.3% over the prior year in May — a deceleration from April’s […]
BEIJING (Reuters) -China’s consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to prop up feeble domestic demand and an uneven economic recovery. The consumer price index (CPI) rose 0.3% in May from a year earlier, matching a gain in April, data […]
MOSCOW (Reuters) – The Russian government has softened requirements for mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in roubles, according to changes to a government decree. President Vladimir Putin signed the decree in October mandating the reintroduction of capital controls, affecting dozens of […]
Germany enacted a new visa scheme for skilled workers from outside the European Union on Saturday that enables applicants to move to the country and look for a job for up to a year if they meet certain criteria. The new scheme, known as the job search opportunity card, is open to those with at […]
(Bloomberg) — China has relaxed limits on new installations of solar and wind power even as grids have become strained in some regions from the surge in clean-energy deployments. Most Read from Bloomberg Wind and solar farms in “areas with better resource conditions” can have as much as 10% of their generation curtailed, according to […]
(Bloomberg) — Insmed Inc. shares more than doubled after the company’s experimental drug reduced episodes of worsening symptoms in a final-stage study of patients with a rare lung condition. Most Read from Bloomberg Patients with bronchiectasis who received Insmed’s brensocatib had fewer exacerbations than those who got a placebo in the yearlong study, New Jersey-based […]
After mildly lower inflation and weaker advance GDP for the first quarter in the USA, there are some signs that the economy is cooling off. The dollar has taken a hit from recent releases in most of its pairs while gold has returned close to all-time highs. This article summarises recent news, data and expectations […]
Bitcoin’s price could reach $74,000 in the coming weeks amid softer U.S. inflation figures and institutional demand, which favors riskier assets. Large asset managers like Millennium and Schonfeld have invested in bitcoin spot ETFs, indicating growing institutional interest. Selling pressure from short-term is easing, some on-chain analysts said in a Thursday report. Bullish sentiment for […]
BEIJING, May 6 (Reuters) – China’s services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained economic recovery, a private sector survey showed on Monday. The Caixin/S&P Global services purchasing managers’ index (PMI) eased to 52.5 from […]
BEIJING (Reuters) – China’s services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained economic recovery, a private sector survey showed on Monday. The Caixin/S&P Global services purchasing managers’ index (PMI) eased to 52.5 from a 52.7 […]
Rafael Nadal eased to victory over teenage wildcard Darwin Blanch at La Caja Magica as he aims to prove his fitness in time for the French Open. In what is set to be his final appearance at the Madrid Open, Spaniard Nadal made light work of his 16-year-old opponent with a comfortable 6-1 6-0 win. […]