(Reuters) – The Texas electricity market faces “insurmountable distress” as more gas and service bills come due, power industry officials said on Thursday at a hearing into financial fallout from the state’s February blackout.FILE PHOTO: The Electric Reliability Council of Texas (ERCOT) command center in Taylor, Texas August 14, 2012. REUTERS/Julia Robinson High prices for emergency fuel and power saddled […]
Read moreMarch 4 (Reuters) – Stronger economic data should push the benchmark 10-year U.S. Treasury yield up to 1.9% by the end of 2021, according to Goldman Sachs’ latest forecast released on Thursday. Expectations that government stimulus and a countrywide coronavirus vaccination program are fueling an economic rebound in the United States have pushed Treasury yields higher in recent weeks, a […]
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Slideshow ( 2 images )NEW YORK (Reuters) – U.S. utilities need to invest in so-called “make-ready” infrastructure to promote electric vehicle use, which includes wiring parking lots to support vehicle charging, company and government officials urged at the world’s largest energy conference on Thursday. Affordability of electric vehicles will be crucial to the transition away from fossil-fuel use in transportation, […]
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DUBAI/MOSCOW (Reuters) – OPEC and its allies agreed to extend most oil output cuts into April, offering small exemptions to Russia and Kazakhstan, after deciding that the demand recovery from the coronavirus pandemic was still fragile despite a recent oil price rally.FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum […]
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FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing factory in Camp Hill, Pennsylvania, U.S. on June 29, 2017. Picture taken on June 29, 2017. REUTERS/Tim Aeppel/File PhotoWASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in January, pointing to a sustained recovery in manufacturing even as the pace of business spending on […]
Read moreFRANKFURT, March 4 (Reuters) – The Auditing Association of German Banks registered complaints about Greensill Bank with Germany’s financial watchdog BaFin in early 2020, a spokesman told Reuters on Thursday. BaFin warned on Wednesday of “an imminent risk” that Greensill Bank would become over-indebted as it imposed a moratorium on the lender making disposals or payments. Oliver Santen, spokesman for […]
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The futures were mixed on Thursday after another day of momentum stock selling, and with the jobless claims coming in pretty much as advertised investors and traders are all looking for market direction. With the future of the stimulus bill now in the Senate, many feel that with some changes it will pass no later than next week. Top analysts […]
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Solar power is set to boom as costs decline and battery tech makes it more accessible. Tesla’s North American Solar Projects could be worth $250 billion annually in the longer term, the bank said. Goldman estimate installations will be 60% above Biden’s policy aim for 500 million panels in the next 5 years. Visit the Business section of Insider for […]
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MILAN (Reuters) – Italy will administer just a single vaccine dose to those infected with COVID-19 between three and six months beforehand, the health ministry said, a move apparently aimed at saving shots amid a stuttering EU inoculation rollout.FILE PHOTO: A woman receives a dose of the coronavirus disease (COVID-19) vaccine in Bergamo, Italy, March 1, 2021. REUTERS/Flavio Lo ScalzoThe […]
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