June 20 (Reuters) - Australia's competition regulator said on Thursday the proposed acquisition of Namoi Cotton by Singapore's Olam Agri for A$144.9 million ($96.69 million) raises competition concerns in the supply of cotton ginning services. ($1 = 1.4986 Australian dollars) (Reporting by Roushni Nair in Bengaluru; Editing by Kim Coghill)
The miner has mined 93 million worth of KAS tokens since Sept. 2023.
The maker of Peugeot, Citroën, Vauxhall and Fiat vehicles, Stellantis, has threatened to end its car making in the UK due to electric vehicle (EV) production rules.
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews. Energy stocks represent just 4.1% by weight of the S&P 500, a third of their 2011 share as tech and health care investments took off. There are fewer institutional and European oil buyers interested, and a lack of ready cash to finance these deals.
Volkswagen has announced plans to invest up to $5bn (£3.9bn) in US electric carmaker Rivian, as manufacturers rethink their strategies amid uncertain demand.
McDonald's (MCD) is joining the ranks of fast food chains adapting to economic pressures by introducing a new value meal option. Starting June 25, the global fast food giant will add a $5 value meal to its menu, a move aimed at addressing growing cost consciousness among consumers. This strategic decision comes amid a broader trend in the fast food industry, with numerous chains rolling out similar value-focused offerings. Yahoo Finance's Brooke DiPalma breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
China this month approved 104 new video games from mainland developers, including titles from internet giants Tencent Holdings and Alibaba Group Holding. The latest titles given the go-ahead by the National Press and Publication Administration (NPPA) included Tencent's online role-playing game Roco Kingdom: World, and Ruyuan from Alibaba studio Lingxi Games, according to a post on the regulator's website on Tuesday. Alibaba owns the South China Morning Post. This month marked a rebound for China
High flyers with great cabin crew and cleanliness took off with awards
China’s Commerce minister told German counterpart it was open to negotiating tariffs but wasn’t afraid to retaliate.
Russia's oil and gas revenue in June is set to rise by more than 50% year on year to $9.4 billion, Reuters calculations showed, after a decrease in subsidies to refineries and reflecting the Russian economy's ability to limit the impact of sanctions. These revenues have been the most important single source of cash for the Kremlin, accounting for around a third to a half of total federal budget proceedings for the last decade. The military conflict in Ukraine has prompted the West to impose multiple sanctions aimed at curbing Russian oil and gas income that accounts for about a third of the country's federal budget.
NEW YORK (Reuters) -Oil prices settled slightly higher on Wednesday despite a surprise jump in U.S. gasoline supplies, as investors worried that a potential expansion of the Gaza war could disrupt crude supplies from the Middle East. Brent crude futures rose 24 cents, or 0.3%, to settle at $85.25 per barrel. U.S. West Texas Intermediate crude futures settled 7 cents higher at $80.90 a barrel.
Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.
Buffett, Slim and Tepper are making major bets on energy companies such as Occidental, PBF and Energy Transfer LP
Oil prices dipped on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the world's top oil consumer, though declines were capped by worries a potential expansion of the Gaza war may disrupt Middle East supplies. Brent crude oil futures fell 28 cents, or 0.3%, to $84.97 a barrel by 0310 GMT. "An expected increase in U.S. inventories of crude oil and gasoline are weighing on the market due to fears of weakening demand," said Tsuyoshi Ueno, senior economist at NLI Research Institute.
The US House Ways and Means Committee has proposed a strategy for Medicare to cover GLP-1 weight-loss drugs like Novo Nordisk's (NVO) Wegovy and Eli Lily's (LLY) Zepbound. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details of the proposed bill ahead of Thursday's vote to amend part of the Treat and Reduce Obesity Act of 2023. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl 'Follow Yahoo Finance's latest coverage on Eli Lilly and Novo Nordisk, weight-loss drugs, and the pharmaceutical industry as a whole: How Lilly is joining Novo in the crusade to circumvent Medicare's block on weight loss drugs Eli Lilly seeks to expand Zepbound use to treat sleep apnea Novo Nordisk, Eli Lilly still top 2 pharma stocks: Analyst Eli Lilly and Novo Nordisk are a 'duopoly' in GLP-1 market Why the GLP-1 impact on other industries 'will take years' Eli Lilly unveils new manufacturing plant for GLP-1 pens Novo Nordisk to invest $4.1B in NC facility for GLP-1 drugs Eli Lilly's new Alzheimer's treatment could 'lift' drug market Novo Nordisk stock rises on Wegovy approval in China
The company did not say how many locations are closing
Robin Zeng, the founder and chairman of Contemporary Amperex Technology Ltd (CATL), has urged Chinese electric vehicle (EV) builders and car component manufacturers to cease the price war engulfing the sector and focus on ensuring the reliability of their products. Speaking at the 15th Annual Meeting of the New Champions, also known as the Summer Davos, the boss of the world's largest EV battery maker joined the chorus of recent voices warning that such intense price competition may come at the
(Reuters) -Livestock farmers in the U.S. would have a clearer path to bringing antitrust complaints against meatpacking companies for unfair business practices under a rule proposed by the U.S. Department of Agriculture on Tuesday. The proposed rule is the fourth introduced by President Joe Biden's administration to boost competition in the highly consolidated meatpacking industry. Earlier rules would require fairer pay to chicken farmers, enhance transparency in poultry contracts, and prohibit retaliation against chicken farmers for raising concerns about anti-competitive behavior.
Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.
We recently compiled a comprehensive report detailing the 20 Largest Automotive Markets in the World. In this article, we’ll be taking a look at what’s going on in the global auto industry and the largest automotive market in the world. The Global Automotive Industry: A Brief Overview Providing millions of jobs and supporting numerous sectors, […]
STORY: China has approved the sale of popular weight-loss drug Wegovy.That's according to Danish drugmaker Novo Nordisk on Tuesday.In March, Novo said it would initially focus on patients paying out-of-pocket for the weekly injectable drug once approved in the country.The company did not immediately respond to a Reuters request for comment on its launch plan.It also didn't elaborate on costs and expected supplies of the weight-loss treatment in China.The latest approval comes at a key point for Novo in the Chinese market.Its patent there on active ingredient semaglutide will expire in less than two years. Local drugmakers have also raced to develop generic versions, and Novo faces competition from U.S. rival Eli Lilly.Novo has grown massively in recent years to become Europe's most valuable company.Another of its drugs, Ozempic, won approval from Beijing three years ago.Novo saw sales of the product in the greater China region double to $698 million last year.
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