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☆ Oil prices edge higher after Russia-Ukraine tensions escalate
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Russia unleashed its largest air strike on Ukraine in almost three months on Sunday, causing severe damage to Ukraine's power system. Investors also fretted over the pace and extent of interest rate cuts by the U.S. Federal Reserve that has created uncertainty in global financial markets. In the U.S., the number of operating oil rigs fell by one to 478 last week, the lowest since the week to July 19, Baker Hughes data showed.

Persons: Joe Biden's, Biden, Tony Sycamore, Brent, WTI, Baker Hughes Organizations: Brent, U.S, West Texas, IG, International Energy Agency, U.S . Federal Reserve Locations: Cushing , Oklahoma, Russia, Ukraine, China, Kursk, U.S

☆ Stress and ‘moon face’: What experts say about this TikTok trend
▼ + stars: | 2024-10-17 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

“It can look swollen and inflamed.”“It’s from high cortisol, aka high stress,” a woman says in another post. How stress can affect the faceWhile cortisol levels from elevated everyday stress may not be the reason behind so-called moon face, the hormone can take a toll on the skin in other ways. “Consistently elevated cortisol levels have been shown to inhibit your skin’s production of collagen, hyaluronic acid and healthy lipids like ceramide,” Bowe told CNN in an earlier interview. Tips for less stressThere are ways to reduce stress that can benefit the skin as well, experts say. In addition, yoga, meditation and deep breathing are all known to decrease cortisol production and stress levels.

Persons: ”, Dr, Rajani, ” Katta, Katta, Whitney Bowe, ” Bowe, Raj Dasgupta, “ It’s, ” Dasgupta, “ Organizations: CNN, Social, Baylor College of Medicine, Johns Hopkins Medicine, Icahn School of Medicine, Mount Sinai Medical, Whole, “, Huntington Health, US Centers for Disease Control Locations: TikTok, Houston, New York City, California

☆ U.S. crude oil rises, tops $82 per barrel ahead of Fourth of July holiday
▼ + stars: | 2024-07-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S., April 21, 2020. U.S. crude oil futures on Monday rose ahead of the Fourth of July holiday, after booking a 6% gain last month on the back of fears of a wider Middle East war and expectations of rising summer fuel demand. Though oil prices have been steadily rising, the average price for a gallon of gasoline stands at $3.49 nationwide, down about 5 cents from last month. Here are today's energy prices:Oil market speculators have added long positions, betting on higher prices as tensions between Israel and the Iran-backed Hezbollah militia in Lebanon have "proven to be a major driver of the strong price action of late," commodity strategists with TD Securities told clients in a note on Friday.

Organizations: Securities Locations: Cushing , Oklahoma, U.S, Israel, Iran, Lebanon

☆ Oil edges lower after industry group reports jump in U.S. stockpiles
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +1 min

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices fell in early Asian trade on Wednesday after an industry group reported a surprise jump in U.S. stockpiles, fueling concerns about weaker-than-expected demand in the top oil consuming nation. Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. The American Petroleum Institute reported U.S. crude oil stocks rose by 914,000 barrels in the week ended June 21, according to market sources briefed on the data. API reported a 3.84 million barrel jump in U.S. gasoline stocks last week, the sources said, compared with analysts' expectation of a 1 million barrel decline.

Persons: Brent Organizations: . West Texas, American Petroleum Institute, Reuters, U.S, Federal Reserve, ANZ Bank Locations: Cushing , Oklahoma

☆ Oil prices fall on worries of higher U.S. interest rates
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: +2 min

An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand. Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5%, at $77.14. Higher interest rates boost borrowing costs, crunching funds that could boost economic growth and oil demand.

Persons: Brent Organizations: Brent, . West Texas, Federal, Energy Information Administration, Organization of, Petroleum, Secretariat, Russian Energy Ministry, Wednesday, Citi Research, Citi Locations: Cushing , Oklahoma, U.S, Russia, OPEC

Hedge fund managers gathered Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. It kicked off with "Next Wave Sohn," a session that features ideas from rising stars within the hedge fund industry. Endocrinology is an $8 billion market, but the cumulative market size, including the company's future therapy targets, is upward of $200 billion, which includes estimates for future obesity drugs, the investor said. It has CA$75 billion market cap with an "unbelievable record of success," according to the investor. The short seller noted that the company has a $5 billion market cap with about $4.8 billion of debt.

Persons: Sohn, Eric Wolff, Wolff, Michelle Ross, Cushing, Ross, Eli Lilly, Crinetics, XBI, Nikhil Daftary, Alimentation, Daftary, Chris Drose, Nate Koppikar, Fahmi Quadir Organizations: Investment, Gumshoe Capital Management Investment, Pason Systems Energy, Pason Systems, Gumshoe Capital Management, StemPoint, Pharmaceuticals, Crinetics Pharmaceuticals, StemPoint Capital, Endocrinology, Novo Nordisk, P Biotech, NK Capital Investment, NK Capital, Starbucks, McDonalds, Bleecker Street Capital, Orso Partners, Justice Department, Federal Trade Commission, Safkhet, Global Education Locations: New York, Canada, U.S

☆ Putin Says Russia Ready for Nuclear War, but 'Not Everything Rushing to It'
▼ + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Russia remains in a state of combat readiness and is fully ready for a nuclear war, but not "everything is rushing to it" at present, President Vladimir Putin said in remarks published on Wednesday. "From a military-technical point of view, we are, of course, ready," Putin told Rossiya-1 television and news agency RIA in response to a question whether the country was really ready for a nuclear war. The Latest Photos From Ukraine View All 96 Images"Therefore, I don’t think that here everything is rushing to it (nuclear confrontation), but we are ready for this." If the United States conducted nuclear tests, Russia might do the same, he added in the wide-ranging interview. However, Putin said Russia had never faced a need to use nuclear weapons in Ukraine, where the conflict has raged since February 2022.

Persons: Vladimir Putin, Putin, Rossiya, Lidia Kelly, Christopher Cushing, Clarence Fernandez Organizations: Reuters Locations: Russia, Ukraine, United States, Melbourne

☆ Amy Schumer Says She Has Cushing’s Syndrome, a Hormonal Disorder
▼ + stars: | 2024-02-26 | by ( Orlando Mayorquin | More About Orlando Mayorquin | ) www.nytimes.com time to read: 1 min

The comedian Amy Schumer has announced that she has been diagnosed with a rare hormonal disorder called Cushing’s syndrome, after she was swarmed with comments on social media about a change in her physical appearance. Schumer, 42, revealed her diagnosis in an interview for the News Not Noise newsletter on Friday. People commented on her “puffier” face after she appeared this month on “The Tonight Show Starring Jimmy Fallon.” She said that the condition did not pose any serious threats to her health. The online buzz around her appearance, a mix of concern and negativity, was how she “realized something was wrong,” Schumer told the newsletter. Cushing’s syndrome is caused by excessive levels of cortisol, known as the stress hormone, and can cause a range of symptoms including a round face, weight gain and weak muscles, according to the National Institutes of Health.

Persons: Amy Schumer, Schumer, Jimmy Fallon, ”, ” Schumer Organizations: National Institutes of Health

☆ Oil prices slipped as traders wait for more insight on when Fed might cut rates
▼ + stars: | 2024-02-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Crude oil futures fell slightly Wednesday as the market waits for further indication of when the Federal Reserve might cut interest rates. The minutes could provide further insight on when the central bank plans to cut interest rates. Lower interest rates typically stimulate economic growth which fuels crude oil demand. White House Middle East envoy Brett McGurk is heading to Cairo Wednesday to continue talks on a temporary Gaza ceasefire in exchange for Hamas releasing hostages.

Persons: Brent, John Evans, PVM, Brett McGurk, Biden, Israel, Benny Gantz, Ramadan Organizations: West Texas Intermediate, Federal Reserve, Federal, White Locations: Cushing , Oklahoma, East, U.S, Israel, Lebanon, Iran, Islamic Republic, Cairo, Gaza, Rafah

☆ Bulker Was Targeted by Missiles in Bab Al-Mandab - Ambrey, UKMTO
▼ + stars: | 2024-02-12 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

DUBAI (Reuters) -British maritime security firm Ambrey said on Monday that a Marshall Islands-flagged, Greece-owned bulk carrier was targeted by missiles in two incidents within two minutes while transiting through the Bab al-Mandab Strait. The bulker was reportedly hit and suffered damage to its the starboard side, Ambrey added. Ambrey had first reported that the carrier had sighted a projectile near the vessel 23 nautical miles (43km) northeast of Djibouti's Khor Angar and 40 nautical miles southwest of Yemen's Red Sea port city of Mokha. War in Israel and Gaza View All 206 ImagesAmbrey added that the bulker was reportedly headed to Bandar Imam Khomeini, a city in Iran. The crew were unharmed, UKMTO said, and the vessel is proceeding to its next port of call, UKMTO said.

Persons: Ambrey, Djibouti's Khor, Bandar Imam Khomeini, UKMTO, Nayera Abdallah, Tala, Christopher Cushing, Gerry Doyle Organizations: Reuters, NASDAQ, United Kingdom Maritime Trade Operations Locations: DUBAI, Marshall, Greece, Mandab, Djibouti's, Yemen's, Mokha, Israel, Gaza, Bandar, Iran, Yemen, Africa

☆ New China Defence Minister Holds Video Talks With Russia's Shoigu
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - China's new defence minister Dong Jun held a video call with his Russian counterpart Sergei Shoigu on Wednesday, according to a defence ministry statement, in his first public engagement since being appointed last month. Former Navy chief Dong's appointment came after his predecessor, Li Shangfu, disappeared from public view in August, throwing China's military diplomacy in doubt. The role of China's defence minister is to be the public face of the People's Liberation Army in its engagement with the media and with other armed forces. China and Russia's close military ties have been the target of Western scrutiny, especially after Russia's 2022 invasion of its neighbour Ukraine, which China has refused to condemn. Western countries, including the United States, have repeatedly warned China not to provide lethal aid to Russia's battlefield efforts.

Persons: Dong Jun, Sergei Shoigu, Li Shangfu, Dong, Shoigu, Laurie Chen, Christopher Cushing, Sharon Singleton Organizations: Former Navy, People's Liberation Army, United States, U.S Locations: BEIJING, Russian, China, Ukraine, United States, Japan, South Korea, Taiwan, South China, Beijing

☆ Australia's Resources Minister Seeks Investment From S.Korea, Japan
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

MELBOURNE (Reuters) - Australia's resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a "prospectus" of 52 investment ready critical minerals projects. "Australia's critical minerals are key to the world's energy transformation," said Minister Madeleine King in a statement. King will be meeting Japan's trade minister Ken Saito, and South Korean trade and energy minister Duk-geun Ahn, she said in a statement. The minister is also expected to engage her counterparts on natural gas as Australia develops its future gas policy, given both nations are large customers of the major exporter. Already this year, a string of Australian nickel projects have been iced, including part of BHP's operations in the state of Western Australia.

Persons: Madeleine King, King, Ken Saito, geun Ahn, Melanie Burton, Christopher Cushing Organizations: MELBOURNE Locations: South Korea, Japan, Korean, Australia, Western Australia, Australian

☆ Pakistan's Civil, Military Leaders to Review Iran Standoff -Minister
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

By Asif ShahzadISLAMABAD (Reuters) - Pakistan's top civilian and military leaders will carry out a security review on Friday regarding the standoff with neighbouring Iran, the information minister said, following their strikes on each other with drones and missiles. Pakistan's Thursday strikes on separatist militants inside Iran were a retaliatory attack two days after Tehran said it struck the bases of another group within Pakistani territory. Caretaker Prime Minister Anwaar ul Haq Kakar will chair a meeting of the National Security Committee at which the review is to be done, with all the services chiefs in attendance. It aims at a "broad national security review in the aftermath of the Iran-Pakistan incidents," the minister, Murtaza Solangi, told Reuters by telephone. (Reporting by Asif Shahzad; Writing by Sudipto Ganguly; Editing by Christopher Cushing)

Persons: Asif Shahzad, Anwaar ul Haq, Murtaza Solangi, Sudipto Ganguly, Christopher Cushing Organizations: Caretaker, National Security, Reuters Locations: Asif Shahzad ISLAMABAD, Iran, Tehran, Pakistan, Israel

☆ Oil ticks up as Middle East crisis escalates, tankers divert
▼ + stars: | 2024-01-16 | by ( ) www.cnbc.com time to read: +1 min

An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Oil prices edged slightly higher on Tuesday as the Middle East crisis escalated and ship tracking data showed more tankers altering course away from the Red Sea in response to attacks in the area by Yemen's Houthi movement. U.S. West Texas Intermediate crude was down 17 cents, or 0.2%, at $72.52 per barrel after a U.S. public holiday on Monday. More oil tankers were steering clear of the southern Red Sea on Monday, due to the disruptions, increasing the cost of shipping and the time it takes to move oil from one place to another. Oil prices rose 2% last week in response to the rising conflict in the region, but the lack of direct impact on oil production could be limiting gains, according to analysts.

Persons: Yemen's, INTERTANKO Organizations: Brent, . West Texas, Combined Maritime Forces Locations: Cushing , Oklahoma, ., U.S, Iran, Yemen, Bahrain, Mandab, Hormuz

☆ Oil prices fall on China concerns, skepticism on OPEC+ cuts
▼ + stars: | 2023-12-06 | by ( ) www.cnbc.com time to read: +2 min

An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China. U.S. WTI crude futures were down 13 cents, or 0.2%, at $72.19 a barrel. China will release preliminary trade data, including crude oil import data, on Thursday. Gasoline stockpiles gained by 2.8 million barrels, while distillate inventories rose nearly 1.9 million barrels.

Persons: Alexander Novak, Vladimir Putin, Moody's Organizations: Brent, Organization of, Petroleum, United Arab Emirates, American Petroleum Institute Locations: Cushing , Oklahoma, China, Russia, OPEC, Saudi, Russian, Saudi Arabia, U.S

REUTERS/Hannah McKay/File photo Acquire Licensing RightsLONDON, Dec 5 (Reuters) - British Home Secretary James Cleverly will arrive in Rwanda on Tuesday to sign a new treaty to send asylum seekers to the African nation after the UK's top court declared the deportation scheme unlawful. But the United Kingdom's Supreme Court last month ruled the flights would violate international human rights laws enshrined in domestic legislation. Since that ruling, Britain has been seeking to renegotiate its agreement with Rwanda to include a binding treaty that it would not expel asylum seekers sent there by Britain - one of the court's major concerns. The court said the plan breached international undertakings - including the European Convention on Human Rights, the United Nations' Refugee Convention and Convention against Torture. The Rwanda policy was originally announced by former Prime Minister Boris Johnson last year, but no asylum seekers have been sent to the country yet.

Persons: James, Hannah McKay, Vincent Biruta, Rishi Sunak, Sunak, Boris Johnson, Andrew MacAskill, Michael Holden, Rishabh Jaiswal, Richard Chang, Christopher Cushing Organizations: REUTERS, European, Human, United Nations, Refugee Convention, Torture, Conservative Party, Human Rights, Thomson Locations: London, Britain, Rwanda, Rwanda's, Kigali, Europe

☆ China issues safety guidelines for autonomous public transport vehicles
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Baidu's Apollo car with an autonomous driving system, which serves for self-driving taxi services, is seen at the Shougang Industry Park in Beijing, China July 30, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsBEIJING, Dec 5 (Reuters) - China on Tuesday issued safety guidelines for the use of autonomous vehicles in public transport, the latest in a series of measures preparing for the increased use of driverless cars. The guidelines apply to autonomous vehicles for passengers including taxis as well as for freight transportation, the Ministry of Transport said in a statement. They also require companies using autonomous vehicles for public transport to be qualified and licensed and state that companies can work together with automakers on such operations. In October, it issued guidelines for highway engineering facilities to support autonomous driving technology.

Persons: Tingshu Wang, Albee Zhang, Zoey Zhang, Brenda Goh, Christopher Cushing Organizations: REUTERS, Rights, Ministry of Transport, Thomson Locations: Beijing, China, Rights BEIJING

☆ South Korea to consult China over urea export delays
▼ + stars: | 2023-12-04 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, Dec 4 (Reuters) - South Korea on Monday said it will consult China to prevent disruption to urea supplies after Korean companies reported the fertiliser and emissions reducing chemical was taking longer to pass through Chinese customs on its way to the peninsula. South Korea imports over 90% of its urea supply from China. In late 2021, a new Chinese export requirement aimed at increasing domestic supplies triggered panic buying among South Korean drivers of diesel cars and trucks who are required to use urea solutions to cut emissions. South Korea resorted to government rations while trying to secure alternative suppliers. Diesel cars account for about 40% of registered vehicles in South Korea.

Persons: Choi Nam, Ahn Duk, geun, Hyonhee Shin, Joyce Lee, Ed Davies, Christopher Cushing, Miral Organizations: Ministry of Trade, Industry, Energy, South, Diesel, Thomson Locations: SEOUL, South Korea, China, Korea, Vietnam, Japan, Beijing, Australia

☆ United States condemns 'horrific terrorist attack' in southern Philippines
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

Lanao Del Sur Provincial Government/Handout via REUTERS/File Photo Acquire Licensing RightsMANILA, Dec 4 (Reuters) - The United States condemned the "horrific terrorist attack" during a Catholic Mass at a university in southern Philippines that killed at least four people and injured dozens, the State Department said on Sunday. The United States is in close contact with its Philippine partners and stands with Filipinos in rejecting the act of violence, it said in a statement. "We continue patrols and security in schools is tighter," Major Alinaid Moner, spokesperson of the Lanao del Sur police office, told News5 radio station on Monday. Mindanao State University (MSU) is continuing operations as it is the period for final exams, Moner said. Philippines President Ferdinand Marcos Jr and security officials said on Sunday the crime was perpetrated by "foreign terrorists".

Persons: Mamintal Adiong, Alinaid Moner, Moner, Ferdinand Marcos Jr, Neil Jerome Morales, Karen Lema, Kim Coghill, Christopher Cushing Organizations: Mindanao State University, REUTERS, Rights, State Department, MSU, Islamic State, Thomson Locations: Lanao Del Sur, Marawi, Philippines, Lanao Del Sur Provincial Government, Rights MANILA, United States, Lanao del Sur

☆ South Korea's Yoon set to announce cabinet reshuffle -media
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023. JEON HEON-KYUN/Pool via REUTERS/File photo Acquire Licensing RightsSEOUL, Dec 4 (Reuters) - South Korean President Yoon Suk Yeol is likely to announce a major cabinet reshuffle as early as Monday, with as many as 10 ministers including the finance minister set to be replaced, Yonhap news agency reported. The financial regulator head could also be replaced, the Korea Economic Daily reported on Monday, also citing unidentified sources. Some cabinet members are widely expected to stand down to capitalise on their increased profile to run as political candidates. Yoon does not require parliamentary approval to appoint a finance minister, who also serves as deputy prime minister.

Persons: Yoon Suk, JEON HEON, Yonhap, Park, Choo Kyung, Choi Sang, Yoon, Hyunsu Yim, Cynthia Kim, Ed Davies, Christopher Cushing Organizations: South, National Assembly, Rights, Korea Economic, Foreign, Finance, Democratic Party of Korea, Thomson Locations: Seoul, South Korea, Rights SEOUL, Korea, Busan

☆ Suspected L.A.-Area Serial Killer Charged in 4 Killings, Including 3 Homeless Men
▼ + stars: | 2023-12-04 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

By Steve GormanLOS ANGELES (Reuters) - A suspected serial killer was charged on Monday with murder in the fatal shootings of three homeless men in Los Angeles and a county employee who was robbed and slain after being followed to his residence, all of them over a four-day span, officials said. Powell was charged with four counts of murder, one count of residential robbery and one count of being a felon in possession of a firearm. Los Angeles County Sheriff Robert Luna said there was no known connection among the four men who were slain and suggested that additional victims might end up linked to the case. At that point, Powell was under arrest but had yet to be charged with shooting homeless people. (Reporting by Steve Gorman in Los Angeles; Editing by Christopher Cushing)

Persons: Steve Gorman, Jerrid Joseph Powell, Powell, Robert Luna, didn't, Luna, Karen Bass, George Gascon, Christopher Cushing Organizations: ANGELES, Reuters, Attorney's, Los Angeles City News Service Locations: Los Angeles, . County, San Dimas, Beverly Hills, Los Angeles County

[1/4] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Dec 4 (Reuters) - A court hearing into a liquidation petition filed against China Evergrande Group (3333.HK) was adjourned in a Hong Kong court to next month, allowing more time to finalise a debt restructuring proposal in a major relief for the embattled developer. On Oct. 29, when adjourning the hearing to Monday, Hong Kong High Court Justice Linda Chan had said the next hearing would be the last before a decision was made on liquidating Evergrande. Evergrande last week scrambled to put together a revised restructuring plan to avoid a possible liquidation order. The creditors were opposed to the latest restructuring plan and will seek liquidation if the terms do not change, said the advisor.

Persons: Aly, Jan, Linda Chan, Evergrande, Hui Ka Yan, Clare Jim, Sumeet Chatterjee, Kim Coghill, Christopher Cushing Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong, Hong Kong High, Moelis, Authorities, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, Evergrande, destabilised

☆ Tesla's China-made EV sales skid 17.8% on year in November
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Dec 4 (Reuters) - Sales of U.S. automaker Tesla (TSLA.O)'s China-made electric vehicles skidded 17.8% in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday. Deliveries of China-made Model 3 and Model Y cars rose 14.3% from October. Chinese rival BYD (002594.SZ), with its Dynasty and Ocean series of EVs and petrol-electric hybrid models, saw passenger vehicle deliveries set another record at 301,378 vehicles, up 0.09% from October and up 31% from a year earlier. Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Christopher Cushing and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, BYD, Qiaoyi Li, Zhang Yan, Brenda Goh, Christopher Cushing, Bernadette Baum Organizations: U.S, China Passenger Car Association, Thomson Locations: BEIJING, China

☆ South Korea's Yoon Set to Announce Cabinet Reshuffle -Media
▼ + stars: | 2023-12-03 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - South Korean President Yoon Suk Yeol is likely to announce a major cabinet reshuffle as early as Monday, with as many as 10 ministers including the finance minister set to be replaced, Yonhap news agency reported. The transport and labour ministers may also be changed, Yonhap said, citing unidentified sources. The financial regulator head could also be replaced, the Korea Economic Daily reported on Monday, also citing unidentified sources. Some cabinet members are widely expected to stand down to capitalise on their increased profile to run as political candidates. Yoon does not require parliamentary approval to appoint a finance minister, who also serves as deputy prime minister.

Persons: Yoon Suk, Yonhap, Park, Choo Kyung, Choi Sang, Yoon, Hyunsu Yim, Cynthia Kim, Ed Davies, Christopher Cushing Organizations: Korea Economic, Foreign, Finance, Democratic Party of Korea Locations: SEOUL, Korea, Busan

The deal, announced during the COP28 climate talks in Dubai on Sunday, is the first under the ADB's Energy Transition Mechanism (ETM) programme, which aims to help countries cut their climate-damaging carbon emissions. "If we don't address these coal plants, we're not going to meet our climate goals," David Elzinga said on the sidelines of the conference. "By doing this pilot transaction, we are learning what it takes to make this happen," David Elzinga said. ADB also has active ETM programmes in Kazakhstan, Pakistan, the Philippines, and Vietnam, and is considering transactions in two other countries, it said. Reporting by Simon Jessop and David Lawder; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: we're, David Elzinga, Simon Jessop, David Lawder, Christopher Cushing Organizations: Asian Development Bank, Reuters, Transition, ADB, PT PLN, PT, Indonesia Investment Authority, INA, Thomson Locations: DUBAI, Indonesia, Dubai, Kazakhstan, Pakistan, Philippines, Vietnam, Indonesian, Jakarta

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