TOPCMB

Wall Street ends lower as investors digest economic data

US producer prices increase in November Consumer sentiment improves in December Lululemon tumbles after downbeat forecast Indexes close: S&P 500 -0.73%, Nasdaq -0.70%, Dow -0.90% Dec 9 (Reuters) – Wall Street ended lower on Friday as investors assessed economic data and awaited a potential 50-basis point interest rate hike by the US Federal Reserve at …

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Oil rebounds, but still on track for biggest weekly declines since Aug

Oil prices on pace for around 10% weekly decline Brent set for biggest weekly decline since early Aug Market flips to contango, indicating weak demand Weak economic outlook in China, US, Europe weighs Dec 9 (Reuters) – Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly decline …

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Britain reviews financial rules to bolster City’s global clout

Britain says high standards will be maintained UK flags reviews in financial-crisis era reforms London faces new competition from EU centres Consultation on digital pound planned LONDON, Dec 9 (Reuters) – Britain set out a raft of measures on Friday to bolster the City of London’s role as a global financial centre, under strain since …

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Keystone pipeline shut down after oil spills into Kansas creek

BENGALURU/WINNIPEG, Dec 8 (Reuters) – Canada’s TC Energy said on Thursday it had shut its giant Keystone pipeline after an oil spill into a Kansas creek, and it was unclear how long the closure would last. The size of the leak, which occurred about 20 miles south of a key junction in Steele City, Nebraska, …

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Keystone pipeline shut down after oil release into Kansas creek

Dec 8 (Reuters) – Canada’s TC Energy (TRP.TO) on Thursday said it shut the 622,000 barrel-per-day Keystone pipeline and was responding to an oil release into a creek about 20 miles south of Steele City, Nebraska. An emergency shutdown and response was initiated at about 8 pm CT on Dec. 7 after alarms and a …

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Amazon shopping site back up after outage

Dec 7 (Reuters) – Amazon.com Inc (AMZN.O) said it has resolved an issue that prevented some users from accessing the shopping site on Wednesday. “We’re sorry that some customers may have temporarily experienced issues while shopping. We have resolved the issue,” a company spokesperson told Reuters, but did not provide any details on what caused …

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EU agrees law preventing import of goods linked to deforestation

BRUSSELS/SAO PAULO, Dec 6 (Reuters) – The European Union agreed on Tuesday on a new law to prevent companies from selling into the EU market coffee, beef, soy and other commodities linked to deforestation around the world. The law will require companies to produce a due diligence statement showing their supply chains are not contributing …

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India’s capital blanketed in smog despite drop in stubble burning

NEW DELHI, Dec 5 (Reuters) – India’s capital, New Delhi, was engulfed in thick smog early on Monday as cooler weather exacerbated pollution, even though government data showed that crop residue burning in neighboring states had dropped significantly. Residents of New Delhi and its suburbs endure poor air every winter as colder, heavier air traps …

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China set to ease COVID curbs further as markets cheer change of tack

New nationwide COVID rules due as soon as Wednesday – sources The shift follows widespread demonstrations last month Yuan firms, global markets rally on China hopes HONG KONG/BEIJING, Dec 5 (Reuters) – China is set to announce a further easing of some of the world’s toughest COVID curbs as early as Wednesday, sources said, as …

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Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla ( TSLA.O ) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant’s production plan said on Monday. Tesla did not immediately respond to a request for comment on …

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