Western sanctions have given the Turkish metals sector a chance to serve as "warehouse and bridge", the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey.
Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western investors from selling shares in key energy projects. The project contributed to diversifying Japan's energy supply, Hagiuda told a news conference.
A group representing General Motors (GM), Toyota Motor (TM), Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy.
A group representing General
Motors (GM), Toyota Motor (TM), Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy.
Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday. Automakers have been privately expressing concern about the proposal's increasing requirements for vehicles' batteries and critical-mineral contents to be sourced from the United States.
* TSX ends up 43.09 points, or 0.2%, at 19,620.13. * For the week, the index falls 0.4% * Energy sector rallies 1.9% as oil settles higher. * Canada's economy sheds 31,000 jobs in July. By Fergal Smith.
Liz Truss, front-runner to be Britain's next prime minister, will set out her economic plans to finance sector officials on Friday, including scrapping legacy EU laws by the end of 2023.
* TSX ends up 31.10 points, or 0.2%, at 19,577.04. * Bombardier shares jump 10.4% * Restaurant Brands International shares gain 7.6% * Energy sector falls 4.5% as oil prices decline. By Fergal Smith.
* U.S. service sector unexpectedly picks up in July. * PayPal (PYPL) rises after raising profit outlook. * Moderna (MRNA) jumps on $3 billion share buyback plan. By Noel Randewich.
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