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Oil skids on concerns of rising surplus in the first quarter
  + stars: | 2021-11-26 | by ( ) www.cnbc.com   time to read: +2 min
An oil well pump jack operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. Oil prices slid more than 1% on Friday on concerns that a global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States. U.S. West Texas Intermediate (WTI) crude was down $1.35, or 1.7%, at $77.04 a barrel. The Economic Commission Board (ECB) expects a 400,000 barrels-per-day (bpd) surplus in December, expanding to 2.3 million bpd in January and 3.7 million bpd in February if consumer nations go ahead with the release, the OPEC source said. Forecasts of rising surplus oil clouds the outlook of the meeting between OPEC and allies, a group known as OPEC+, on Dec. 2 to decide on immediate production.
Persons: Brent, Joe Biden's, Tsutomu Sugimori Organizations: Chevron Corp, . West Texas, Organization of, Petroleum, Economic Commission Board, Petroleum Association of Japan Locations: San Ardo , California, U.S, United States, WTI, China, India, Japan, OPEC
Kevin O'Leary Scott Mlyn | CNBCCelebrity investor Kevin O'Leary is investing in digital currencies, but he hasn't done so lightly, telling CNBC that he'd prefer to consult with regulators on this space rather than be a "crypto cowboy." The SEC's case against Ripple is centered on its concerns about the fintech firm's ties to XRP, the world's seventh-biggest cryptocurrency. The SEC alleged that Ripple and its executives sold $1.3 billion worth of the tokens in an unregistered securities offering. Instead, O'Leary believed the biggest opportunity for stablecoins remained with a currency tied to the U.S. dollar. Although O'Leary clarified that he could currently only invest up to 5% of his cash in USDC.
Persons: Kevin O'Leary Scott Mlyn, Kevin O'Leary, O'Leary, CNBC's, , I've, stablecoins, Crypto Organizations: CNBC, SEC, U.S . Securities, Exchange Commission, U.S . Locations: cryptocurrency, XRP, USDC
A new coronavirus variant — B.1.1.529 — is rapidly spreading in southern Africa. It's prompting the European Commission to consider a flight ban from the region. The UK restricted travel to and from six southern African countries on Thursday. —Ursula von der Leyen (@vonderleyen) November 26, 2021Von der Leyen did not say what countries a European flight ban might target. The coronavirus variant was initially identified in Botswana, and appears to be responsible for an uptick in coronavirus cases in South Africa.
Persons: Ursula von der Leyen, — Ursula von der Leyen, Von der Leyen Organizations: Commission, Service, European, EU, States Locations: Africa, European Union, Botswana, South Africa, Namibia, Lesotho, Eswatini, Zimbabwe
Boeing and other travel stocks tumbled in premarket trading Friday after several European and Asian countries announced new travel restrictions from southern Africa because of a new Covid variant. The U.K. on Thursday said it would temporarily suspend flights from South Africa, Namibia, Lesotho, Eswatini, Zimbabwe and Botswana. The European Commission recommended a pause on travel between the EU and southern Africa. Boeing shares were down more than 6% in premarket trading, while Delta Air Lines was down 7% and United Airlines fell 8%. Though domestic travel had largely recovered from early pandemic lockdowns, international travel remained a missing piece in airlines' recovery.
Persons: Hilton, we're, Virgin Atlantic, didn't, Biden, Matt Clinch Organizations: London Heathrow Airport, Boeing, European Commission, Delta Air Lines, United Airlines, American Airlines, Health, British Airways, Virgin, State Department, White, U.S, Transportation Security Administration Locations: Africa, South Africa, Namibia, Lesotho, Eswatini, Zimbabwe, Botswana, France, Italy, Johannesburg, EU, Brazil, U.S
In the past, governments have taken days, weeks or months to issue travel restrictions in response to new variants. So far only a few dozen cases of the new variant have been identified in South Africa, Botswana, Belgium, Hong Kong and Israel. Image More than 40 percent of adults in South Africa have received at least one dose of the Covid-19 vaccination. Only several dozen cases have been fully identified so far in South Africa, Botswana, Hong Kong and Israel. As several countries including Britain and France rushed to restrict flights from South Africa and other countries in the region, airline stocks dropped.
Persons: Kim Ludbrook, Tulio de Oliveira, de Oliveira, ” Roberto Burioni, Stocks, ” Sajid Javid, Ursula von der Leyen, , Themba, Richard Lessells, Lessells, Joe Phaahla, Phaahla, Altea Tejido, haven’t, Jerome Favre, Hong Kong’s, John Lee, Lee, , Focke Strangmann, lockdowns, we’ve, Etienne, ” Jeff Zients, Tedros Adhanom Ghebreyesus Organizations: Friday, Singapore, World Health Organization, Natal Research, Twitter, Britain, Associated Press Scientists, Lambda, KwaZulu, Spanish Stock Exchange, Shutterstock Stocks, Nasdaq, West Texas, Treasury, U.S, bund, Royal Bank of Canada, lockdowns, Netflix, Boeing, Nikkei, British Airways, Hong Kong, city’s Center for Health Protection, University of Hong, Hong, National Health Commission, Pan American Health Organization Locations: South Africa, Parys, Israel, Africa, KwaZulu, Italian, Britain, France, Italy, Botswana, Belgium, Hong Kong, Malawi, Europe, British, Eastern Europe, Johannesburg, Pretoria, Madrid, U.S, Spain, Asia, Japan, Hong, Hong Kong ., University of Hong Kong, China, Bremen, Germany, Shutterstock, Austria, Bulgaria, United States
Pfizer and BioNTech are investigating the new, heavily mutated variant of the virus that causes Covid-19, the companies said Friday morning. "We understand the concern of experts and have immediately initiated investigations on variant B.1.1.529," the companies said. Pfizer and BioNTech said they expect more data from lab tests in two weeks at the latest. Pfizer and BioNTech said they can adapt their mRNA vaccine within six weeks and start shipping batches within 100 days if an escape variant is identified. The strength of Pfizer-BioNTech's two-dose vaccine against infection has declined over time, although it's still highly effective at preventing hospitalization and death.
Persons: BioNTech, Johnson, J, , Anthony Fauci, Fauci, it's Organizations: Pfizer, United, European Commission, House, U.S . Centers for Disease Control Locations: Africa, South Africa, United Kingdom, U.S
A pure-play bitcoin exchange-traded fund may not be as far off as some think, according to one cryptocurrency executive. "The SEC is taking these progressive steps to move us forward," said Abner, who is global head of business development at the crypto exchange. ETF Trends CEO Tom Lydon was less optimistic about the SEC's timeline but flagged several catalysts that could benefit hopeful ETF providers. "For the average advisor out there that is managing a diversified portfolio for their clients, not being able to buy bitcoin or a spot bitcoin ETF on a brokerage platform is somewhat of a handcuff," he said in the same interview. I wish it was going to be Q1 but I would say fingers crossed by the end of '22," he said.
Persons: Gemini's David Abner, CNBC's, Abner, VanEck's, Tom Lydon, Lydon, we'll Organizations: Securities and Exchange Commission, SEC
Firms like Relevance Ventures and NAVF are part of a growing Native American presence in venture capital. Though the Native American presence in VC has grown, some say it's not where it should be. Native Americans have a growing presence in the venture capital world. Relevance Ventures founders Cameron and Dean Newton, who are members of Virginia's Patawomeck tribe, and Native American Venture Fund managing partner John Cataldi are just a few of the Native Americans navigating the industry. Yet, there isn't data on how many venture capitalists identify as Native American or how many receive venture backing.
Persons: Cameron, Dean Newton, Virginia's, John Cataldi, Cataldi, Newton, Dean, Cameron Newton, Mahrinah Shije, Andy DelGiudice, Shije, It's, we're, Dominic, Madori Davis Organizations: Relevance Ventures, Ventures, American Venture Fund, Alaska Natives, Census, Pueblo Development Commission, Zia Locations: New Mexico, American, one's
The European Union is proposing a ban on media companies targeting political ads at people based on their religious views or sexual orientation, a new volley in the continent’s expansion of global tech regulation. A bill proposed Thursday by the European Commission, the EU’s executive arm, would restrict online tech platforms from targeting political ads at individual users based on a list of categories that regulators deem sensitive, including their race, political beliefs and health status, without users’ explicit consent. But it stops short of a broader ban on so-called microtargeting based on personal information that some activists had demanded.
Organizations: European, European Commission
MediaTek chips are seen on a development board at the MediaTek booth during the 2015 Computex exhibition in Taipei, Taiwan, June 3, 2015. REUTERS/Pichi ChuangTAIPEI, Nov 25 (Reuters) - Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc. Taiwan will set up working groups with the three countries to work out how to cooperate on chips, while Taiwan will also give scholarships for technical training, he added. The European Commission has proposed legislation to boost chip production, and has angled for Taiwan's involvement. Register now for FREE unlimited access to reuters.com RegisterReporting by Ben Blanchard; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Chuang, Kung, hsin, Ben Blanchard, Jacqueline Wong Organizations: REUTERS, Eastern, . Tech, Taiwan Semiconductor Manufacturing Co, Kung Ming, Development Council, EU, European Commission, Thomson Locations: Taipei, Taiwan, Chuang TAIPEI, Brussels, U.S ., Arizona, Europe, Slovakia, Czech Republic, Lithuania, Czech, China
The EU is set to soon allow young children to get their first shot of a COVID-19 vaccine. Its drug regulator on Thursday recommended approval for Pfizer's vaccine for kids aged five to 11. The companies have said their vaccine, which is called Comirnaty, showed 90.7% efficacy against the coronavirus in a clinical trial of children aged 5 to 11. "The benefits of Comirnaty in children aged 5 to 11 outweigh the risks, particularly in those with conditions that increase the risk of severe COVID-19," the EMA said. Countries will not be able to start rolling out the shots to young children until next month.
Persons: Stella Kyriakides, BioNTech Organizations: Service, Pfizer, BioNTech's, European Medicines Agency, European Commission, Twitter, EU Locations: Europe, EU, Canada, Israel, China, Saudi Arabia, Germany
Crowds prepare to view Macy’s 95th Thanksgiving Day Parade in person. Image The Macy’s Thanksgiving Day Parade balloons returning to their full glory. Video transcript Back bars 0:00 / 1:10 - 0:00 transcript ‘Inflation Day’ Returns Before the Thanksgiving Day Parade Spectators lined up to watch workers prepare giant character balloons before the annual Macy’s Thanksgiving Day Parade, which was reduced to just one block in 2020 because of the pandemic. Use of the Johnson & Johnson vaccine in the United States has not been as widespread as that of the Pfizer-BioNTech or Moderna vaccines, and studies have found the Johnson vaccine provides less protection than the other two. Johnson & Johnson doses have been distributed abroad through Covax, the global vaccine-sharing program, in an effort to bolster immunity in poorer countries, including many in Africa.
Persons: Hiroko Masuike, waddle, Smokey Bear, Ada Twist, , Leroy Lamar, Laetitia Vancon, it’s, show’s Al Roker, Hoda, Savannah Guthrie, Jon Batiste, Kelly Rowland, Nelly, Mickey Guyton, Carrie Underwood, Yoda, Ada, Pokémon, Eevee, McDonald’s, Ronald McDonald, “ Ronald, Johnson, Carlos Osorio, Johnson Covid, Paul Stoffels, Antony J, Blinken Organizations: New York Times, West, Herald, Pfizer, The New York Times, European Medicines Agency, European Commission, European Center for Disease Prevention, Control, Park West, Sixth, Credit, NBC, Telemundo, New York City . Credit, Ballet Hispánico’s School of Dance, New, Hampton University Marching Force, Netflix, Johnson, Pentecost Canada, ., Reuters, Drug Administration, BioNTech, Moderna Locations: Europe, Midtown Manhattan, Atlanta, Austria, New York, New York City, Manhattan, Midtown, Savannah, West, Canada, Toronto , Ontario, United States, Moderna, New York State, Covax, Africa, United
The European Union is considering a nine-month expiration date on its Covid-19 vaccine certificates, which allow tourists certain freedoms to travel while the coronavirus pandemic still rages. The European Commission, the executive arm of the EU, proposed Thursday that the EU Digital Covid Certificate should be updated. The idea now is that the document has a life span of nine months after the first set of vaccines are administered — so after the second dose for Pfizer-BioNTech shot, for example, or after one dose of the Johnson & Johnson vaccine. Thursday's recommendation does not yet address booster shots. As such, a new expiration date could be announced in a couple of week's time to include the advice for booster shots.
Persons: BioNTech, Johnson Organizations: European, European Commission, EU, Pfizer, European Centre for Disease Prevention, Control Locations: European Union
In this article ENEL-ITThe CEO of multinational Italian energy firm Enel has expressed doubt on the usefulness of carbon capture and storage, suggesting the technology is not a climate solution. The European Commission, the EU's executive arm, has described carbon capture and storage as a suite of technologies focused on "capturing, transporting, and storing CO2 emitted from power plants and industrial facilities." The Commission has said the utilization of carbon capture and storage is "important" when it comes to helping lower greenhouse gas emissions. Climate researchers, campaigners and environmental advocacy groups, however, have long argued that carbon capture and storage technologies prolong the world's fossil fuel dependency and distract from a much-needed pivot to renewable alternatives. Consolidated installed renewable capacity, or capacity that is directly owned by Enel, is expected to reach 129 gigawatts by 2030.
Persons: Enel, Francesco Starace, Karen Tso, Enel's Starace, hasn't, Starace, I'm, it's, we're Organizations: European Commission, Consolidated Locations: Rome
Use of the Johnson & Johnson vaccine in the United States has not been as widespread as that of the Pfizer-BioNTech or Moderna vaccines, and studies have found the Johnson vaccine provides less protection than the other two. The Food and Drug Administration authorized Johnson & Johnson booster shots last month, despite concern among the F.D.A.’s expert advisory panel that data in the company’s application was limited and wasn’t independently verified. experts and committee members argued that recipients of the Johnson & Johnson vaccine needed an additional shot to bolster against severe Covid-19, since that vaccine was less effective than those of Moderna and Pfizer-BioNTech. Johnson & Johnson doses have been distributed abroad through Covax, the global vaccine-sharing program, in an effort to bolster immunity in poorer countries, including many in Africa. Many of those shots have been provided through a deal reached in May, under which Johnson & Johnson agreed to sell about 200 million doses to Covax at a discounted rate.
Persons: Stephane Mahe, Olivier Véran, Véran, Jean, Michel Blanquer, Hospitalizations —, Mr, Veran, Hiroko Masuike, Smokey Bear, Ada Twist, , Leroy Lamar, it’s, show’s Al Roker, Hoda, Savannah Guthrie, Jon Batiste, Kelly Rowland, Nelly, Mickey Guyton, Carrie Underwood, Yoda, Ada, Pokémon, Eevee, McDonald’s, Ronald McDonald, “ Ronald, Anna Watts, Dewar, Raymond Dewar, Monique Dewar, , Sergeant Gabriel Vazquez, Sarah Nir, hasn’t, Papa Smurf, Diane Roberts, , revelers, Lamar, ” Leroy Lamar, Laetitia Vancon, Johnson, Carlos Osorio, Johnson Covid, Paul Stoffels, Antony J, Blinken Organizations: Reuters, New York Times, West, Herald, Park West, Sixth, Credit, NBC, Telemundo, New York City . Credit, Ballet Hispánico’s School of Dance, New, Hampton University Marching Force, Netflix, ., The New York Times, New York City Parks Department, Central, Metropolitan Transportation Authority, Washington , D.C, Pfizer, European Medicines Agency, European Commission, European Center for Disease Prevention, Control, Johnson, Pentecost Canada, Drug Administration, BioNTech, Moderna Locations: New York City, Nantes, France, Midtown Manhattan, Atlanta, New York, Manhattan, Midtown, Savannah, West, Washington ,, Credit, Atlanta , Georgia, Austria, Canada, Toronto , Ontario, United States, Moderna, New York State, Covax, Africa, United
The bloc first began an ambitious – but tortuous – process of ultimately creating a single EU securities market in 2015. read more"Those two for me are key to setting up the whole CMU (capital markets union) effort and when that's in place you will see a real push to further it. The initial plans for a capital markets union were set out in 2015 by McGuinness' then British predecessor Jonathan Hill to much fanfare, promising the building blocs would be in place by 2019. The EU capital market is still little more than a quarter as deep as that of the United States, relative to GDP, with Britain's twice as deep as the bloc, according to New Financial figures. A single EU point of access for information on listed companies to mirror the 'Edgar' filings system on Wall Street, is also proposed.
Persons: Wall, Edgar, Mairead McGuinness, McGuinness, Jonathan Hill, William Wright ,, Wright, Britain's, Sander Schol, Schol, Huw Jones, Susan Fenton Organizations: REUTERS, Staff, European, EU, CMU, New, European Commission, London Stock Exchange, Financial, Thomson Locations: Frankfurt, Germany, EU, British, London, United States, Brussels, COVID, Amsterdam, New York
Workers set up a scaffold as a Spanish flag flutters at the Colon square in Madrid, Spain, November 2, 2021. Register now for FREE unlimited access to reuters.com RegisterA European political source said Brussels was watching the provisions to ensure they did not make Spain's labour market, whose 14.6% unemployment rate in September was EU's highest, too rigid. "The (new) reform aims to avoid company agreements having primacy in wages setting," Joaquin Perez Rey, deputy labour minister, told Reuters. Spain has the highest share of temporary workers in Europe, which at 20% is double the EU average. Some labour market analysts say the plans are insufficient to cure Spain's aversion to permanently contracting workers.
Persons: Sergio Perez, Spain’s, Mariano Rajoy, Pedro Sanchez's, Unidas Podemos, Joaquin Perez Rey, Sordo, Rosa Santos, Perez Rey, CEOE's Santos, Ignacio Conde, Ruiz, Belén Carreño, Mark John, Aislinn Laing, Toby Chopra Organizations: Colon, REUTERS, European Commission, Spain's, International Monetary Fund, Reuters, Employers, Madrid's Complutense University ., Thomson Locations: Spanish, Madrid, Spain, MADRID, Brussels, Europe, Balearic
Julien Warnand/Pool via REUTERSBRUSSELS, Nov 25 (Reuters) - EU countries on Thursday agreed on a common position on new rules to curb the power of U.S. tech giants and force them to do more to police their platforms for illegal content. However, they will have to iron out the final details with EU lawmakers, who have proposed tougher rules and higher fines. The Digital Services Act (DSA) forces the tech giants to do more to tackle illegal content on their platforms, with fines of up to 6% of global turnover for non-compliance. The common position adopted by EU countries follows the main points proposed by Vestager, with some tweaks, with the European Commission as the main enforcer of the new rules despite an initial French proposal to give national watchdogs more power. The changes agreed by the EU countries include a new obligation on tech companies that enhances the right of end users to unsubscribe from core platform services and shortens the deadlines and improves the criteria for designating gatekeepers.
Persons: Julien Warnand, Margrethe Vestager, Foo Yun Chee, Angus MacSwan Organizations: REUTERS, Digital Markets, Digital Services, Apple, Google, Facebook, EU, European Commission, Slovenian, Economic Development, Technology, Amazon, DSA, Thomson Locations: Strasbourg, France, REUTERS BRUSSELS, gatekeepers, Luxembourg
Zhang, 75, was accused earlier this month by Chinese tennis star Peng Shuai, 35, of sexual assault at his home after he retired three years ago. JUST WATCHED New questions after Chinese tennis star appears in video call Replay More Videos ... MUST WATCH New questions after Chinese tennis star appears in video call 03:07Who is Zhang Gaoli? According to a 2013 state media profile , Zhang enjoyed tennis, reading and playing Chinese chess in his spare time. Unlike Xi, who was born a "princeling" -- a child of communist revolutionary heroes -- which gave him inherent status and prestige within the party, Zhang came from a modest background. In 2012, when Xi took the helm of the party, Zhang was promoted to the Politburo Standing Committee in Beijing.
Persons: Zhang Gaoli, Thomas Bach, Zhang, Peng Shuai, Peng, muffle Peng, Peng Bach, CNN's, Deng Yuwen, Communist Party's, Xi Jinping, belied, Xi, Mao Zedong, Kang Jie, Deng Xiaoping, Zhao Lijian, Ling Li, Li, Deng, Xi's, Jiang Zemin, they've, they'll, it's Organizations: CNN, Olympic Committee, Games, China's, Communist Party, Chinese Communist Party, Communist, Beijing, Communist Party's, of, People, Xiamen University, Communist Party Secretary, 18th Party Congress, China's Ministry of Foreign, Australian, Tennis Association, United Nations, University of Vienna, Central Commission, Tennis, Winter, Olympic Locations: Hong Kong, Beijing, United States, Fujian, China, Guangdong, Shenzhen, Shandong, Tianjin, Melbourne, Australia, remonstration, Shanghai
AT&T Inc. and Verizon Communications Inc. said they will limit some of their fifth-generation wireless services for six months while federal regulators review the signals’ effect on aircraft sensors, an effort to defuse a conflict that has roiled both industries. The cellphone carriers detailed the proposed limits Wednesday in a letter to the Federal Communications Commission. The companies said they would lower the signals’ cell-tower power levels nationwide and impose stricter power caps near airports and helipads, according to a copy reviewed by The Wall Street Journal.
Organizations: T Inc, Verizon Communications Inc, Federal Communications Commission, Wall Street
Global urea prices this month topped $1,000 per tonne for the first time, according to BMO Capital Markets. In the United States, nitrogen fertilizer supplies are adequate for applications before winter, said Daren Coppock, CEO at U.S.-based Agricultural Retailers Association. Applying fertilizer before winter reduces farmers' spring workload. Global fertilizer sales were worth $53 billion in 2020, and prices are at least 80% higher so far this year, according to Argus Media. Waiting until spring to buy fertilizer could disappoint some farmers, said Matt Conacher, senior fertilizer manager at Federated Cooperatives Limited, a Canadian wholesale seller.
Persons: Hurricane Ida, Daren Coppock, Coppock, Troy Walker, Jim Zimmerman, It's, Zimmerman, Nutrien, Jeff Tarsi, Kreg, Ruhl, Matt Conacher, Rod Nickel, Julie Ingwersen, Caroline Stauffer, Lisa Shumaker Organizations: REUTERS, Farmers, United, Hurricane, BMO Capital Markets, U.S, Agricultural Retailers Association, Argus Media, U.S . International Trade Commission, CF Industries, CF, U.S . Department of Agriculture, Federated Cooperatives Limited, Thomson Locations: Argentina, Handout, North, United Nations, Europe, Russia, China, United States, Kansas, Wisconsin, U.S, North America, Illinois, UAN, Trinidad and Tobago, Canadian, Winnipeg, Chicago
London (CNN Business) A resurgence of coronavirus cases across Europe is feeding fears that the region's strong economic recovery from the pandemic could be jeopardized by another tough winter. The Purchasing Managers' Index from IHS Markit, a key gauge of the economy, rose in November after slipping to a six-month low in October, according to data released Tuesday. Skyrocketing infections in Germany have also sparked questions about whether the region's largest economy could reimpose sweeping restrictions. Consumer confidence in the euro zone fell "markedly" in November, according to the European Commission. IHS Markit reported that companies' expectations this month for future economic output "deteriorated to the lowest since January."
Persons: Chris Williamson Organizations: London, CNN, IHS, IHS Markit's, European Commission, IHS Markit Locations: Europe, Austria, Germany
Pavlina Zipkova, head of the Czech Film Commission said the skills shortage in the country's film production industry was acute, though there are no specific estimates. "There is pressure on national film commissions and film institutions as well as on local studios and film production companies," Zipkova told Reuters. Netflix, Amazon and Apple declined to comment on production staff shortages in the region and the possible consequences. The region now ranks as the biggest international film production hub in Europe after Britain, with its landscape of rolling countryside and castles ideal for historical and fantasy shows. "If people keep their eyes open and want to work in the film industry, now is a pretty good time," he said.
Persons: David W Cerny PRAGUE, Gyorgy Rajnai, Korda, Rajnai, Jonathan Olsberg, Pavlina Zipkova, Zipkova, Gray, Geoffrey Case, didn't, Ruzicka, America, Michael Kahn, Robert Mueller, Mark John, Pravin Organizations: REUTERS, Hollywood, Netflix, Apple, lockdowns, Korda Studios, Reuters, London, Central, Czech Film Commission, Pictures, Amazon, Thomson Locations: Prague, Czech Republic, Europe, Slovakia, Romania, Croatia, Hollywood, Queensland, Central Europe, Czech, Hungary, Britain
Companies China Telecom Corp Ltd See all The company and law firm names shown above are generated automatically based on the text of the article. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON, Nov 24 (Reuters) - The Federal Communications Commission has filed a motion opposing China Telecom Corp Ltd's (0728.HK) court bid seeking to block the FCC's decision revoking the company's authorization to operate in the United States, a court document posted online showed. The motion, dated Nov. 23, was sealed. China's largest Chinese telecommunications company filed its request with the U.S. Appeals Court for the District of Columbia earlier in November.
Organizations: Companies China Telecom Corp Ltd, Federal Communications Commission, China Telecom Corp, HK, U.S, Appeals, District of Columbia Locations: WASHINGTON, United States
PCE inflation — for personal consumption — rose 0.6% in October, a big jump but short of economists' forecasts. The Personal Consumption Expenditures price index — a commonly used measure of US inflation — rose 0.6% in October, the Commerce Department said Wednesday. Yet hurdles in the recovery have kept prices soaring at a historic pace. The Organization of Petroleum Exporting Countries has denied Biden's calls for increased production, signaling oil supply will remain constrained in the weeks ahead. And crude oil prices increased following the administration's announcement.
Persons: Biden, Joe Biden, Jerome Powell Organizations: Service, Commerce Department, Bloomberg, Core PCE, Federal Reserve, University of Michigan, Consumers, PCE, Federal Trade Commission, Strategic Petroleum Reserve, of Petroleum
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