SINGAPORE — Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand. Read More
MELBOURNE — Australia’s power crunch has eased across the national electricity market (NEM), as more generation has come back online and households have cut their power use, the country’s energy market operator said on Friday. Read More
MELBOURNE — Australian coal-fired generators have brought 1,900 megawatts (MW) of capacity back on line since Wednesday, the industry group that represents generators said on Friday, easing blackout risks that have plagued the market this week. Read More
SHANGHAI — Joincare Pharmaceutical Group Industry Co said on Thursday it plans to list on the Swiss stock exchange in a bid to broaden financing channels and ramp up its global expansion. Read More
Automaker Stellantis NV said on Tuesday it will begin an indefinite layoff starting next week at its Sterling Heights stamping plant in Michigan. Read More
SINGAPORE — Oil prices held near 13-week highs on Thursday, underpinned by robust demand in the world’s top consumer United States while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed. Read More
SINGAPORE — Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China’s top cities relax COVID-19 curbs. Read More
Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker’s total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10% were needed. Read More
NAPERVILLE — Chicago corn bulls were deflated on Wednesday as futures dropped below a key level for the first time in seven months, and that comes after the most-active contract’s largest monthly decline in nearly a year. Read More
NEW YORK — Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark U.S. Treasuries fell after data showed that U.S. consumer spending rose in April and the uptick in inflation slowed, two signs the world’s largest economy could be on track to grow this quarter. Read More