Page 1052 - Reuters%20

Festival demand spurs India's gasoil consumption to above pre-Covid levels

Gasoline sales at 2.48 million tonnes rose by 3.93% from a year earlier

Climate finance could make or break the COP26 summit. Here's why

Developed countries confirmed last week they had failed to meet a pledge made in 2009 to provide $100 billion a year in climate finance by 2020

Asian factories shake off lockdown blues, now face supply headaches

Asia's factory activity stepped up a gear in October

Goldman Sachs brings forward US rate hike projection by a year

In the wake of Friday's inflation data, fed fund futures fully priced in a quarter-point tightening by July 2022 and another rate increase by December

Oil drops on China fuel reserves release; OPEC+ meeting in view

Brent crude futures dropped 46 cents, or 0.6%, to $83.26 a barrel by 0746 GMT

China's state-owned firms struggle to align climate rhetoric with reality

China has already submitted updated climate targets to the United Nations as a new round of climate change talks gets under way in Glasgow.

Festival demand spurs India's gasoil consumption to above pre-Covid levels

Gasoline sales at 2.48 million tonnes rose by 3.93% from a year earlier, the data showed.

China's Oct factory activity expands more quickly, but output weighs: PMI

A sub-index for output showed production shrank for the third consecutive month and at a faster rate than in September.

Asian factories shake off lockdown blues, now face supply headaches

Factory activity in October expanded in Vietnam, Indonesia and Malaysia as operations gradually normalised after being hit by shutdowns caused by a spike in COVID-19 infections.

Japan's factory activity expands at fastest pace in 6 months in October

The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index in Oct rose to 53.2 on a seasonally adjusted basis from 51.5 in the previous month, expanding for the ninth consecutive months.

In India, Tamil Nadu eyes coal power reboot in spite of local fears

Tamil Nadu is among India's top renewable energy producers, it is also constructing the most number of coal-fired plants nationwide, according to London-based environmental think tank Carbon Tracker.

As COP26 targets coal, Asia builds hundreds of power plants to burn it

Coal use is one of the many issues dividing industrialised and developing countries as they seek to tackle climate change.

Global leaders search for ways to strengthen global supply chains

Supply chain problems have emerged as the global economy has pulled out of a pandemic-induced recession and threaten to slow recovery.

EU, US end clash over steel, aluminium tariffs, to work on global deal

Biden said the deal immediately removed tariffs on the European Union steel and aluminium, imposed by the previous administration, and lowered costs to US consumers

Saudi Aramco net income surges 160% on rise in oil price, demand

Aramco shares were up 1 per cent in early trade after the company disclosed its results

G20 offers little new on climate, leaving unfinished business for COP26

UN Secretary-General Antonio Guterres said the Rome summit was not all he hoped for

G20 leaders offer few commitments on climate, agree on 1.5 degree target

The G20 bloc, which includes Brazil, China, India, Germany and the United States, accounts for an estimated 80% of global greenhouse gas emissions

Stocks approach historically strong period but Fed taper looms

Investors are weighing whether momentum from stock market's record-breaking rally will continue in last two months of 2021, a traditionally strong calendar period for equities

China factory activity contracts for second month as input woes continue

The official manufacturing Purchasing Manager's Index (PMI) was at 49.2 in October, down from 49.6 in September.

Centre proposes new rules to push green energy use in industries

The announcement comes just days after India rejected calls to announce a net zero carbon emissions target