Category: Finance News

Jun 21

Biden Says He’s Considering a Fed Gas Tax Holiday

President Joe Biden said Monday that he’s considering a federal holiday on the gasoline tax, possibly saving Americans as much as 18.4 cents a gallon. He spoke to reporters after taking a walk along the beach in Delaware. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect […]
Jun 21

Goldman Has Raised European Gas Price Forecast

Samantha Dart, head of natural gas research at Goldman Sachs, discusses the outlook for prices and supply. European natural gas prices rose after rallying 43% last week as Russia’s steep supply cuts put governments on high alert amid a mounting possibility of rationing. Dart speaks with Vonnie Quinn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”
Jun 21

‘Coal imports a new vertical and revenue stream for us’

Coal India (CIL) has been given multiple tasks by the government in recent weeks: Meeting a stiffer production targets, importing coal for supplies to power plants, ensuring infrastructure for evacuation and meeting green commitments. While all these entail heavy investments and risks to profits, CIL chairman and managing director Pramod Agrawal tells FE’s Indronil Roychowdhury […]
Jun 21

Supply side risks to inflation persist: Finmin flags wider deficit concerns

The finance ministry on Monday warned of a widening of the twin deficits potentially creating the risk of a cycle of wider deficits and weaker rupee, and said that “rationalisation” of non-capex expenditure has, therefore, become critical. “Near-term challenges need to be managed carefully without sacrificing the hard-earned macroeconomic stability,” the ministry said in the […]