Business

Iron ore rout continues as China imposes more steel curbs

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[ad_1] (Bloomberg) – Iron ore extended its fall below $ 100 a tonne as China tightened restrictions on industrial activity in some provinces. Singapore futures fell as much as 12% on Monday in thin trading due to a public holiday in China. Prices have slumped about 60% from a record high in May and are … Read more

FTSE 100 tracks lower Asian stocks amid nervous housing market

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[ad_1] Chinese real estate developer Evergrande sent shockwaves through the stock markets on Monday morning. Photo: STR / AFP via Getty European stocks fell at the opening Monday morning in London following news of a tightening energy market in Europe and large losses in Asia as investors fled real estate stocks. The FTSE 100 (^ … Read more

UK energy companies call for bailout as government talks continue

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[ad_1] UK energy companies are calling for a massive government bailout as soaring gas and electricity prices threaten to push suppliers into bankruptcy. The UK government is set for a third day of emergency talks with the industry on Monday after Business Secretary Kwasi Kwarteng said small suppliers were under “pressure”. Today, large vendors are … Read more

Asia’s COVID-19 lockdowns exacerbate pain in commodity supply chain

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[ad_1] Journalist Sharri Markson discusses her coverage of China’s “extensive” cover-up over the origins of the coronavirus. The recent surge in COVID-19 cases in Southeast Asia has strangled ports and locked down plantations and processors, causing prolonged disruption of raw materials such as palm oil, coffee and tin. Restrictions on Malaysia, the world’s second largest … Read more

Oil giant Shell aims for a sustainable take-off of aviation fuel

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[ad_1] An airliner flies over a Shell logo at a west London gas station, January 29, 2015 REUTERS / Toby Melville / File Photo Produce 2 million tonnes of low carbon jet fuel by 2025 Shell urges aviation industry to deepen decarbonization Global Aviation Emissions https://tmsnrt.rs/2XxiH63 LONDON, Sept. 20 (Reuters) – Royal Dutch Shell (RDSa.L) … Read more

Amazon, Nike Advertise on Sites Sharing False COVID-19 Claims: Report

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[ad_1] Amazon, Nike and others have advertised on sites promoting false COVID-19 claims, The Observer reported. These companies may have unwittingly helped spread fake news, according to the outlet. Ads for Amazon services have been found on more than 30 fake news sites. Loading Something is loading. Major companies and brands including Amazon, Nike, Ted … Read more

Asian stocks tumble, HK to 11-month low By Reuters

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[ad_1] © Reuters. FILE PHOTO: A man looks at a chart showing stock prices outside a brokerage house in Tokyo, Japan January 6, 2020. REUTERS / Kim Kyung-Hoon By Wayne Cole SYDNEY (Reuters) – Asian stocks fell and the dollar held on Monday ahead of a week filled with no less than a dozen central … Read more

Chris Wallace confronts Francis Collins on boosters and asks if Biden has “opposed” to “following science”?

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[ad_1] Fox News presenter Chris Wallace urged National Institutes of Health (NIH) director Dr.Francis Collins of a Food and Drug Administration advisory group rejecting President Joe Biden’s recall proposal, asking him directly on Sunday if the president had made “the exact opposite” of his promise to “follow the science”. Weeks after the administration announced plans … Read more

Dow futures drop 300 points as China real estate fears rise

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[ad_1] U.S. equity futures fell sharply on Monday as the Dow Jones Industrial Average fell 300 points as Hong Kong-listed real estate companies came under further pressure. Investors also positioned themselves ahead of this week’s Federal Open Market Committee meeting. How are equity futures traded? Dow Jones Industrial Average YM00 futures contracts, -1.44% fell almost … Read more