Article content Oil production of 4.2 million tonnes this year is expected at the Sakhalin-1 oil and gas project in Russia’s Far East, down from a planned 8.9 million, the RIA state news agency said on Wednesday, citing regional governor Valery Limarenko. “There is a decline expected also in gas (production) due to the fact that the company suspended its …
Breadcrumb Trail Links PMN Business Author of the article: Article content SYDNEY — Asian share markets tumbled on Wednesday as surging borrowing costs intensified fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows. Yields on U.S. 10-year Treasuries were shoved above 4.0% for the first time since …
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Article content WASHINGTON — A bipartisan group of U.S. lawmakers on Tuesday called on President Joe Biden to issue an executive order to boost oversight of investments by U.S. companies and individuals in China and other countries. The lawmakers including House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer …
Article content Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family by as many as 6 million units …
Article content MUMBAI — Indian government bond yields are expected to open higher on Wednesday after the 10-year U.S. Treasury yield hit 4% for the first time since April 2010, as nervousness over high policy interest rates persisted. However, traders ruled out any major spike in yields, as they remain hopeful of India’s inclusion in global bond indexes. Article content …
Breadcrumb Trail Links PMN Business Author of the article: Reuters Guy Faulconbridge and Jonathan Landay Article content LONDON/ZAPORIZHZHIA — R ussian-installed officials in four occupied regions of Ukraine reported huge majorities of votes in favor of joining Russia as the United States planned a U.N. resolution condemning the referendums as shams and Russia remained defiant. The United States was also …
Breadcrumb Trail Links PMN Business Author of the article: Reuters Deena Beasley and Julie Steenhuysen Article content Eisai Co Ltd and Biogen Inc on Tuesday said their experimental Alzheimer’s drug significantly slowed cognitive and functional decline in a large trial of patients in the early stages of the disease, marking a rare win in a field littered with failed drugs. …
Article content Apple Inc is dropping plans to increase the production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday. Apple did not immediately respond to a Reuters request for a comment. (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Rashmi Aich) Source link
Breadcrumb Trail Links PMN Business Author of the article: Reuters Deena Beasley and Julie Steenhuysen Article content Eisai Co Ltd and Biogen Inc on Tuesday said their experimental Alzheimer’s drug significantly slowed cognitive and functional decline in a large trial of patients in the early stages of the disease, marking a rare win in a field littered with failed drugs. …
Breadcrumb Trail Links PMN Business Author of the article: Reuters Prerana Bhat and Swathi Nair and Milounee Purohit Article content BENGALURU — Rising interest rates present no significant barrier to the world’s transition to net zero emissions by 2050 despite the high levels of investment in green energy needed, according to a strong majority of climate economists polled by Reuters. …
