As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Food Safety, Real Estate Top China’s Consumer Complaint List

Chinese consumers are becoming increasingly dissatisfied with the products and services they buy, with food safety one of their top concerns, the China Consumer Association said Tuesday. Food safety offenses mostly involved poor product quality, especially for fresh produce and groceries bought online, illegal or excessive food additives, and a lack of Chinese language labeling … Read more

Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short

Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The CAT company, -5.58% stressed that demand remained “healthy” and “strong,” but results were hampered mostly by continued supply chain constraints, as well as the strong … Read more

German H1 energy use down 3.5% on slower economy, high prices, weather

Power lines are pictured in front of the Weisweiler brown coal power plant of German utility and energy supplier RWE in Weisweiler near the western German city of Aachen, Germany, January 28, 2020. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, Aug 2 (Reuters) – German primary energy consumption fell … Read more

Neste: Q2 sales margin for renewable products sets record

SOURCE: Neste&lt/small>” /> Neste released second quarter financial results on July 28, reporting robust demand for renewable products during the three-month period and record quarterly comparable sales margin of $865 per ton, up from $700 per ton during the second quarter of last year. The company said the record high sales margin was supported by … Read more

All top stocks this year are oil and gas, except solar company Enphase

The top eight S&P 500 stocks this year are all energy names. But one is unlike the others: Enphase Energy. The solar-focused company stands out among the other seven gainers, all of which are oil and gas stocks. Occidental is the benchmark’s top performer this year, with shares surging 116%. Coterra Energy and Exxon are … Read more

EQT in talks with LNG companies on possible agreements, CEO says

Model of LNG tanker is seen in front of the US flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – US energy company EQT Corp’s (EQT.N) discussions with liquefied natural gas (LNG) companies are continuing, the CEO of the biggest natural … Read more

Oracle evolves the marketing space with AI-powered Fusion Sales

Oracle is releasing the next generation of Oracle Fusion Sales, a sales automation application that identifies high-quality sales opportunities and guides sellers to close deals faster, automatically providing sellers with quotes, proposals, and recommended steps. Part of Oracle Fusion Cloud Customer Experience (CX) and powered by artificial intelligence (AI), Fusion Sales helps increase productivity, close … Read more

Cyprus sees drop in fuel sales

Cyprus’ Statistical Service (CyStat) on Wednesday reported a total decrease of 6.8% in the sale of oil products in June, falling to 55,061 tons. Total sales of gasoline for June were down 5.9%, while diesel sales were down 10.4%. Large decreases were also observed in asphalt sales, which recorded a 49.8% drop in June, and … Read more

UofL researcher wins prestigious award for energy innovation

UofL chemistry researcher Andrew Wilson. A University of Louisville researcher has won a prestigious award for his work to better understand chemical reactions — work that could help produce more efficient, cleaner and safer energy. Andrew Wilson, of the UofL chemistry department, was one of just 41 US researchers selected to receive a 2022 Ralph … Read more