BMAT

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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Aluminum foundry fights for survival in European gas crisis

Family-owned aluminum foundry trials new shift pattern Plan to maintain production and reduce gas usage Carmakers warn output cuts inevitable if suppliers close New gas-free technologies will take years to scale up Suppliers need more help to innovate, industry says SOLTAU, Germany, Aug 9 (Reuters) – Shouting over the clanging of machinery, Gerd Roeders is …

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Indonesia says Tesla strikes $5 billion deal to buy nickel products

Tesla cars are seen parked at the construction site of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 20, 2022. REUTERS/Hannibal Hanschke/ Register now for FREE unlimited access to Reuters.com register JAKARTA, Aug 8 (Reuters) – US carmaker Tesla (TSLA.O) has signed contracts worth about $5 billion to buy materials for their …

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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com register Aug 6 (Reuters) – The slide in US stock prices …

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BASF readies more ammonia production cuts in gas supply crunch

A general view of the German chemical company, BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com register BASF cut ammonia output in Sept, now reducing it further Yara’s ammonia output across Europe is 27% below capacity SKW, Ineos say monitoring situation closely FRANKFURT, July …

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US to sell additional 20 million barrels of oil from strategic reserve

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com register WASHINGTON, July 26 (Reuters) – The Biden administration on Tuesday said it will …

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S&P 500 ends choppy session nearly flat; investor eye Fed, earnings

Apple, Amazon.com among companies to report earnings this week FOMC to kick off two-day policy meeting from Tuesday Miner Newmont falls after raising annual cost forecast Indexes: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, July 25 (Reuters) – The S&P 500 see-sawed on Monday and ended close to unchanged as …

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Exclusive: Hyundai subsidiary has used child labor at Alabama factory

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some …

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Ford to buy cheaper CATL EV batteries to catch Tesla

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, US April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com register DETROIT, July 21 (Reuters) – Ford Motor Co (FN) on Thursday said …

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Yellen vows tough US measures against countries abusing economic order

US Treasury Secretary Janet Yellen speaks during a news conference, ahead of the G20 Finance Ministers and Central Bank Governors Meeting, in Nusa Dua, Bali, Indonesia, July 14, 2022. Made Nagi/Pool via REUTERS Register now for FREE unlimited access to Reuters.com register SEOUL, July 19 (Reuters) – The United States will impose harsh consequences on …

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