Australia's Fortescue annual profit falls 40% on weak iron ore prices

(Reuters) -Australian miner Fortescue Metals Group Ltd on Monday said its annual profit fell 40% as weaker iron ore prices due to cooling demand from top consumer China, escalating costs and labour shortages chipped away at its earnings.

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28-08-2022

U.S. judge indicates intent to name special master in Trump FBI search

A U.S. judge on Saturday said it was her "preliminary intent" to grant former President Donald Trump's request to appoint a special master to oversee a review of materials seized Aug. 8 from his Florida home during an FBI raid.

newspaper

28-08-2022

China's CATL to develop new battery materials to improve energy density -chairman

BEIJING (Reuters) -China's CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries, the company's chairman said, as the battery giant scrambles to retain its top position amid competition.

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27-08-2022

Oil prices rise on signals OPEC might cut output

NEW YORK (Reuters) -Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but trading was volatile as investors digested and ultimately shrugged off warnings from the head of the U.S. Federal Reserve about economic pain ahead.

newspaper

26-08-2022

Oil prices dips after U.S. Fed chair warns of economic pain ahead

NEW YORK (Reuters) -Oil prices edged lower in see-saw trading on Friday, as investors digested warnings from the head of the U.S. Federal Reserve that there is no quick cure for inflation.

newspaper

26-08-2022

Oil prices fall after US Fed chair warns of economic pain ahead

NEW YORK (Reuters) -Oil prices fell on Friday, after the head of the U.S. Federal Reserve warned there is no quick cure for inflation, while talk of a hefty European Central Bank rate hike also stoked demand worries.

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26-08-2022

Brent falls, but remains close to $100/bbl

LONDON (Reuters) -Oil prices fell on Friday as talk of a hefty European Central Bank rate hike stoked demand worries and ahead of a speech from the U.S. Federal Reserve chairman.

newspaper

26-08-2022

China's Bank of Communications warns of property market risks

BEIJING/SHANGHAI (Reuters) -China's Bank of Communications (BoCom) on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first half net profit. "Asset quality control in the second half of the year still faces fairly large challenges and pressures, such as the liquidity problems seen in the real estate industry," said Chief Risk Officer Lin Hua in a press conference, adding that risk could spread to other industries. Lin also expects the quality o

newspaper

26-08-2022

Brent anchored above $100 a barrel, heading for weekly gain

LONDON (Reuters) -Oil prices rose as much as $1 on Friday on signs of improving fuel demand, though an upcoming speech from the U.S. Federal Reserve chairman capped further gains.

newspaper

26-08-2022