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Foray Into Energy Market With Mega Battery Planned By Renault

In the hope of giving electric car batteries a second life in a project that could eventually compete with utility companies, Renault-Nissan is drawing up plans to build a 100 megawatt power storage plant in Europe, reports Reuters.   While encouraging the development of energy...

Anxious Markets Soothed By European Bank Bailout

Within financial markets that are dominated by caution ahead of a trio of major events on Thursday, the smoothly executed rescue of Spain's struggling Banco Popular prodded European banking stocks higher on Wednesday.   Made barely a ripple in Europe's stock and debt markets, and the first...

Worries Middle East Rift Will Undermine Output Cuts Results In Slide In Oil Prices

Hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market, there was a fall for the third continuous day in the global oil prices.   Traders said that benchmark crude prices were also dragged down by persistent gains in...

Rising Pork Demand In China – Including Feet, Elbows And All, Sees Canada Beating U.S. In Pork Sales To The Country

Even as farmers and meat packers in both nations battle for lucrative shares of the biggest global market, Canada has overtaken the United States as the top North American supplier of pork to China.   After a sharp rise last year, in the first quarter of 2017, Canada's pork sales to China...

As U.S.Climate Withdrawal Compounds Glut Concerns, Oil Slides

Based on worries that U.S. President Donald Trump's decision to abandon a climate pact could spark more crude drilling in the United States, worsening a global glut, global brent crude tumbled below $50 on Friday, heading for a second straight week of losses.   Down $1.49 from the previous...

New Oil Order Heralded By Saudi-Russia Detente

Volumes about the new relationship between the energy superpowers were expressed by a meeting between the two men who run Russia and Saudi Arabia's oil empires.   Going beyond the numerous times they had simply encountered each other at oil events around the world, it was the first time that...

To Boost Appeal As A Listing Destination, Singapore Exchange Goes After Tech Start-Ups

As it seeks to alter perception that the city state is an attractive listing destination only for real estate investment trusts (REITs), Singapore’s sole stock exchange is gunning for more initial public offerings from technology firms.   And in order to help young tech companies...

Moody's Raises Global Outlook, China Factories Hum In Shadow Of Debt Risk

As China grappled with debt risks and tried to shake off a stinging ratings downgrade from Moody's Investors Service, investors worried about slowing growth in the world's second-biggest economy were reassured as the country’s industrial engine cranked up again in May.   Even as it warned of...

Trump Reportedly Threatens To End German Car Sales, Calls Germans ‘Very Bad’

After calling the Germans "very bad" for their trade surplus with the U.S., President Donald Trump has reportedly reignited tensions with his EU counterparts.   According to the German news magazine Der Spiegel, during a meeting with top EU leaders last week, the U.S. president...

Even With Its People Going Hungry, Venezuela Is Staying On Top Of Its Debts

Venezuela has avoided the debt default problems even as the country has been ravaged by severe food shortages, tremendous protests and a sky-high inflation rate.   Diego Moya-Ocampos, a senior analyst at IHS Markit said that the country’s willingness is "strong," even though its ability to...

Canada Plays Up Its Natural Resources Expertise In Aramco IPO Pitch

Canada’s deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence is played up by the Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing.   Strong trading interest from outside the...

Moody's Says Arresting Mounting Debt In China Not Possible By Its Reforms

Another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said as China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it.   Saying it expects the financial strength...
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