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Economics News

A collection of 554 issues

Rising natural gas prices threaten U.S. green energy projects

Natural gas prices in the U.S. will almost double in 2022. Against this backdrop, electricity consumers are trying to save money, which in turn is hurting utility revenues. Over the past decade, utilities have been free to invest in clean-energy projects thanks to low gas prices. But in the

The Central Bank of Israel has increased the share of renminbi in reserves.

Under the new approach, the yuan's share is set at 2% for 2022. The euro's share will fall to 20%, the lowest level in at least a decade, from just over 30%, and the dollar will account for 61%, down from 66.5%.

Canadian two-year bond yields reach 2.5% for the first time since 2008

Investors continue to bet on a more aggressive Bank of Canada policy. Last week the regulator raised the rate by 50 basis points. The rise in Canadian bond yields follows a rally in U.S. Treasuries. In the U.S., whose economy is most closely tied to that of Canada,

Tesla's profits could suffer due to epidemic in China

The company will release quarterly results on Thursday. Investors expect the shutdown in Shanghai to cause supply chain problems. The COVID-19-related shutdown of Tesla's Shanghai plant and the cost of commissioning new plants in Berlin and Texas likely affected its first-quarter earnings, according to analysts polled by Reuters.

Johnson & Johnson retracts sales forecast for COVID-19 vaccines

The company cites demand uncertainty and global oversupply. The company previously released its Q1 2022 quarterly report. Johnson & Johnson noted that its COVID-19 vaccine sales contributed to the company's growth. However, lower sales of Remicade, an inflammatory disease treatment, played the opposite role.

Libya shut down its largest oil field

OPEC member representatives also warned of future shutdowns as protests against the prime minister grow. Libya could lose more than half of its production capacity of 1.2 million barrels per day. Production across the country could be almost completely halted if protesters carry out their threats to close the

New Perspectives for U.S. LNG Exporters

Europe's drive to reduce dependence on Russian gas should be a goldmine for LNG exporters from the United States, the world's largest gas producers

Corn futures continue strongest rally in 10 years, compounding global food problems

July corn futures rose 1.2 percent to $7.9350 a bushel in Chicago, the highest since September 2012. The price increase is due to the suspension of shipments from Russia and Ukraine. While Russia accounts for a relatively small share of corn supplies, Ukraine ranks fourth in the world,

Twitter has enlisted JPMorgan as an advisor to Musk's bid to buy the company

The largest U.S. bank recently began working to help Twitter in its negotiations. According to Bloomberg, in addition to Musk's offer, other investors are also interested in taking over Twitter.

Russia Deliberately Breaches Arrangements

Moody's: According to our data, Russia made payments on two bonds maturing in 2022 and 2042 in rubles, not in U.S. dollars, which indicates a violation of the payment terms