Coal stocks at thermal plants hold above 18 MT as supply deficit narrows
The daily requirement of coal for domestic thermal power plants is less than 3 MT per day. They account for more than 60% of the power generated during peak hours.
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The daily requirement of coal for domestic thermal power plants is less than 3 MT per day. They account for more than 60% of the power generated during peak hours.
Robert Hall and Michael Woodford have won the 2026 Nobel economics prize “for microeconomic foundations of macroeconomic stabilisation”, the Royal Swedish Academy of Sciences said on Monday. Hall is affiliated with Stanford University in California, and Woodford with Columbia University in New York. The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year. The announcement by the...
Shenzhen Transsion Holdings drew a lukewarm response for its HK$3.36 billion (US$428 million) Hong Kong share offering, heightening worries over market sentiment for new listings in the fourth quarter. The maker of Africa’s bestselling phones closed its bookbuilding on Monday, with preliminary figures showing the offering attracted about 14,000 applications and was oversubscribed roughly 3.5 times, according to people familiar with the matter. Retail participation in Hong Kong initial public...
US-based academics Robert E. Hall and Michael Woodford will share the 2026 Nobel Prize in Economics for their work on the "microeconomic foundations of macroeconomic stabilization," according to the Royal Swedish Academy of Sciences in Stockholm. (Source: Associated Press)
Morgan Stanley’s credit traders are recommending investors buy bonds issued by Travelodge Hotels Ltd. after a steep drop in the UK budget hotel chain’s debt this year.
Andhra Pradesh claimed that increase in the pumping capacity at Kaleshwaram from the originally envisaged 2 tmcft to 3 tmcft a day as also raising the utilisation of water from about 225 tmcft to 450 tmcft by Telangana was unauthorised
Malawi is once against facing a fuel shortage which is disrupting its daily life. For over a week, motorists across the country have been endlessly searching for fuel as uncertainty remains over potential improvements.
Indian factories, smelters and households are being hit by blackouts and rising energy costs as the impact of plunging coal stockpiles at the country’s power stations ripples through the economy. The weakest monsoon since 2015 has curbed hydropower output, while hotter-than-normal weather has buoyed demand for air conditioning and farm irrigation. That has seen coal-fired power stations, which supply about two-thirds of India’s electricity, rapidly burn through their inventories. Smaller...
China agreed to cut millions of hybrid car exports to the European Union over the next four years, easing simmering trade tensions ahead of a key meeting of European leaders later this week. The deal will slow exports to half or less the pace currently predicted by the EU, the bloc’s trade chief, Maros Sefcovic, told a press conference in Beijing on Friday after two days of negotiations. Next year alone, it will pare shipments by up to 700,000 vehicles and trim as much as €14 billion (US$16...
The G-20 Common Framework, a global toolkit to help poorer nations avoid chaotic defaults faces a fresh test in Senegal. Amid mounting debt strains, the nation plans to use an improved version of the framework to secure a fair distribution of relief across creditors in what will be seen as a key test of its effectiveness. Bloomberg's Matthew Hill reports from the annual IMF & World Bank meeting in Bangkok. (Source: Bloomberg)
Goldman Sachs Group Inc. strategists are turning positive on global stocks for the short term, citing a boost from strong earnings for markets already trading near all-time highs.
Finance officials from all over the world are meeting in Bangkok this week for the annual gatherings of the International Monetary Fund and the World Bank. The US-Iran war's energy shock and artificial intelligence should be on the agenda.
Singapore Exchange Ltd. is aiming to make it easier for European investors to trade Asian bonds during their own working day.
Stellantis Chief Executive Officer Antonio Filosa says a Europe-US split of the company is "not plausible at all." Speaking with Bloomberg's Caroline Connan at the Paris Motor Show, he adds: "Our strategy is based on having all the brands playing their unique role, but all of them enjoy transversal technology." (Source: Bloomberg)
Indonesian stocks slid, sending the benchmark index to a three-month low as speculation that some of the country’s largest-listed companies could face regulatory fines rattled sentiment.
China said a deal with the European Union on hybrid cars will ensure “export space and steady growth” for its companies, as the two sides seek to reduce the risk of trade war.
Passengers living nearby say service roads have no access to the airport and they must travel eight km to reach the highway
One of China’s largest private steel-making companies is moving into shipbuilding as the industry enjoys a boom in orders.
Lithium futures in China slumped as the agreement to limit hybrid car exports to the European Union weighed on demand prospects for the battery material.
Anna Edwards, Guy Johnson, Tom Mackenzie, and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Laura Cooper, Nuveen's global investment strategist and macro credit head, discusses yields, the inflation situation and energy markets. "I think the risks is tilted to further upside," Cooper tells Bloomberg Television. She adds inflation expectations could have a "knock-on negative impact" on risk assets. (Source: Bloomberg)
Oil slipped as traders weigh a potential energy ceasefire between Ukraine and Russia while the IEA urged members to speed up pledged diesel releases. This comes after hostilities escalated across the Middle East, with strikes by Houthis on Saudi Arabia’s Riyadh airport. Angela Wilkinson, Secretary General at the World Energy Council spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa to discuss the pressures on the energy markets. (Source: Bloomberg)
Groups from the US, China, India and the Netherlands are interested in Peru's Corío port, Arequipa's governor says. No tender or investor exists yet. The post Peru Governor Says US, China Eye US$800 Million Port appeared first on The Rio Times.
Flows into Indian equity mutual funds rose for a second month even as stocks tumbled in September, suggesting domestic investors viewed market declines as a buying opportunity.
Global finance chiefs will convene in Hong Kong in early November, roughly two weeks before US and Chinese leaders meet in Shenzhen in hopes of securing a long-term trade truce.