German power prices for delivery next Monday fell in Friday trading on the European wholesale market on expectations of increased German and French wind supply. Germany's Monday baseload power price fell to 196.50 euros per megawatt hour as of 1032 GMT, down 5.5% from Friday. The equivalent French price shed 4.7% to 198 euros/MWh.
Elon Musk's rejection of environmental, social and corporate governance scores as a "scam" highlights how Wall Street's hottest investment trend that encompasses some $35 trillion in assets means different things to different people.
* Mittelstand sector is key to German economy. * Competition stiff with domestic banks dominating. * JPMorgan (JPM) wants to grow business tenfold in medium term. * Toilet paper maker WEPA hires JPMorgan (JPM) for bonds. By Tom Sims.
China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction this year as Beijing seeks to revive the ailing housing sector to prop up the economy.
China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction this year as Beijing seeks to revive the ailing housing sector to prop up the economy.
* CANADA'S PUBLIC SAFETY MINISTER SAYS GOVERNMENT WILL INTRODUCE NEW FRAMEWORK TO PROTECT CRITICAL INFRASTRUCTURE FROM CYBER THREATS. * CANADA'S INDUSTRY MINISTER SAYS PLANS TO BAN DOMESTIC TELECOMS COMPANIES FROM USING HUAWEI/ZTE (Shenzhen:000063) 5G GEAR. * CANADA'S INDUSTRY MINISTER SAYS PROVIDERS WHO HAVE HUAWEI/ZTE EQUIPMENT IN USE WILL HAVE TO REMOVE IT.
Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports. "We've already closed our airspace to Russian airlines. The British government said it estimated the landing slots were worth 50 million pounds.
Australia's vast liquefied natural gas sector is betting its future on carbon capture and storage, a technology it says is vital to decarbonisation and is proven. Convincing everybody else is going to be the tricky part, especially since the only large-scale project of its kind so far hasn't exactly been a resounding success.
Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. But the report from the Commerce Department on Wednesday also showed a record backlog of houses still to be constructed, indicating the moderation in homebuilding would be marginal.
* Building permits decline 3.2% in April. * Single-family permits drop 4.6%; multi-family fall 1.0% * Housing starts slip 0.2%; single-family dives 7.3% By Lucia Mutikani. Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers.
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