After two years of soaring pork prices, China now faces the opposite problem: a depressed market for the staple.
HOUSTON/CARACAS (Reuters) -An Iran-flagged supertanker on Saturday was about to set sail from Venezuelan waters carrying 2 million barrels of heavy crude provided by state-run oil firm PDVSA, according to documents seen by Reuters and vessel tracking services. The shipment is part of a deal agreed by PDVSA and its counterpart National Iranian Oil Company (NIOC) that exchanges Iranian condensate for Venezuela's Merey crude. The swaps aim to ease an acute shortage of diluents that has cut Venezuela's oil output and exports, Reuters reported last month https://www.reuters.com/business/energy/exclusive-under-us-sanctions-iran-venezuela-strike-oil-export-deal-sources-2021-09-25.
‘As long as all service staff are doing their job and getting paid an hourly wage, there is no reason to tip anyone.’
Chinese stocks have sold off en masse since the Spring, but is now the time for aggressive investors to go bargain-hunting in the Middle Kingdom? One indication could be the recent case of Meituan (OTC: MPNGF), the largest food delivery company in China, with businesses in daily deals, hotel bookings, community e-commerce, restaurant software, and grocery and drugstore delivery. On Oct. 8, China's State Administration for Market Regulation imposed a $534 million fine on Meituan -- a penalty for abusing its dominant market share in food delivery to force restaurants into exclusivity arrangements.
At a time when gas prices are usually heading down, the reverse is happening. Prices are soaring amid a spike in the price of oil.
(Bloomberg) -- Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract. Most Read from BloombergThe Biggest Public Graveyard in the U.S. Is Becoming a ParkWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of Greenhouse
Salespeople who once spent days walking dealership lots offering test drives now scout for online leads and explain the chip shortage to frustrated customers.
Even with minimal impact from the latest iPhone launch, the growing competitiveness of the wireless industry will be on full display when telecommunications companies start reporting quarterly results in the week ahead.
Semiconductor returns might not be as solid in 2022 as they've been so far in 2021, so investors should stick to high-quality opportunities.
Like other ranchers across the country, Rusty Kemp for years grumbled about rock-bottom prices paid for the cattle he raised in central Nebraska, even as the cost of beef at grocery stores kept climbing. Federal data show that for every dollar spent on food, the share that went to ranchers and farmers dropped from 35 cents in the 1970s to 14 cents recently. It led Kemp to launch an audacious plan: Raise more than $300 million from ranchers to build a plant themselves, putting their future in their own hands.
Prosecutors face challenges in pinning the blame for deception of air-safety regulators on a lone employee, according to legal observers.
Cheniere Energy owns and operates the Sabine Pass liquefied natural gas terminal via its stake in Cheniere Partners. It also owns the under-development Corpus Christi LNG terminals as well as Cheniere Marketing, which markets LNG using Cheniere's gas volumes.
Social security benefits are getting the biggest boost we've seen in almost 40 years.
(Bloomberg) -- Most Read from BloombergThe Biggest Public Graveyard in the U.S. Is Becoming a ParkOut-of-Practice Airline Pilots Are Making Errors Back in the AirWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of Greenhouse GasCost pressures, supply-chain chaos and a reopening letdown are set to plague Europe’s third-quarter earnings season, setting investors up for m
An attorney representing the models said the clubs’ advertising was “immoral” and “unethical.”
The U.S. push to resettle evacuees is set to take months longer than first expected as a measles scare, a nationwide housing shortage and paperwork delays have slowed the process.
"A colleague of mine was fired for being pregnant."View Entire Post ›
Exxon Mobil Corp managers on Friday began calling workers locked out of the company's Beaumont, Texas, refinery to push for approval of a contract proposal to be voted on early next week, a United Steelworkers (USW) union official said. In addition to an appeal to ratify the contract offer, which the union has urged workers to reject, the managers offered information about a decertification petition that may lead to a vote to remove the USW from representing the workers, said Bryan Gross, a representative of the international union.
Union leaders say pandemic frustrations spur “new militancy” among workers as critics warn that efforts hit companies already struggling with supply-chain problems.
The United States is now home to over 35% of the world's Bitcoin mining, according to recent data from the Cambridge Bitcoin Electricity Consumption Index. The research shows the U.S. has now overtaken countries like China and Kazakhstan to become the world leader in Bitcoin (BTC) mining. Bitcoin mining may offer economic benefits such as tax revenues and job creation, but states will also have to make some tradeoffs to accommodate the industry's high levels of energy consumption and electrical waste.
The long sheds at North America's largest bitcoin mine look endless in the Texas sun, packed with the type of machines that have helped the United States to become the new global hub for the digital currency.