Southern Renewable Energy Zone to be connected to the national electricity market

The answer to cheaper and cleaner energy has been blowing in the wind for years — and finally the federal government has realized, green energy advocates say. Key points: $160 million will be spent to connect a wind farm precinct to the grid The infrastructure is already under construction Chris Bowen says it will put … Read more

Copper speculators anticipate a downturn for the market and the world

LONDON, Aug 11 (Reuters) – Speculators in the copper market, seen as an indicator of the health of the economy, are betting a global downturn means the metal used in power and construction has further to fall, despite its recent rebound. The latest data shows more funds with bearish positions than bullish copper positions on … Read more

Volvo Cars July sales drop 21.5%, sees improvement ahead

A staff member stands in front of Volvo XC60 and XC90 SUVs displayed at its booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Register OSLO, Aug 3 (Reuters) – Volvo Car Group’s (VOLCARb.ST) July sales were … Read more

From boom to gloom, Australia’s red hot property market hits reverse

SYDNEY, Aug 1 (Reuters) – This April, Australian home repairman Reis Saki put his parents’ house on the market in Melbourne’s outskirts, with hopes of a quick sale so they could move closer to family and health services. But six weeks and two interest rate hikes later, he withdrew the listing after receiving no offers, … Read more

Botswana’s Debswana diamond sales jump 54% in first half of 2022

A worker arrives at the Jwaneng diamond mine, operated by Debswana, a joint venture between Anglo American unit De Beers and the Botswana government outside Gaborone, Botswana, in this picture taken November 25, 2015. REUTERS/Siphiwe Sibeko Register now for FREE unlimited access to Register GABORONE, July 29 (Reuters) – Sales of rough diamonds by … Read more

Holcim raises full-year sales outlook after Q2 beats forecasts

The new logo of Swiss cement maker Holcim is seen in a block of concrete during the Holcim Capital Markets Day event in Basel, Switzerland, November 18, 2021. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Register ZURICH, July 27 (Reuters) – Holcim (HOLN.S) beat sales and profit forecasts during its second quarter, … Read more

A year on, China’s CO2 market has yet to drive big emission cuts

SHANGHAI, July 22 (Reuters) – China’s year-old carbon market has given more than 2,000 power plants a taste of emissions trading, but design flaws and data fraud have meant limited large-scale greenhouse gas reductions and environmental gains, experts say. China’s much-heralded Emissions Trading Scheme (ETS) is already the world’s biggest, regulating around 4.5 billion tonnes … Read more

Stocks make recovery bid, hemmed in by weakening world economy

Chinese economy slowed sharply in Q2 US yields, dollar pull back after Fed officials’ comments European markets firmer, with eyes on Italy’s political crisis LONDON, July 15 (Reuters) – World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were … Read more

Market volatility, rates push down Canadian fund raising

TORONTO, July 7 (Reuters) – Fund raising in Canadian capital markets plunged in the first half of 2022 as high interest rates and stock market volatility put the brakes on corporate plans to raise money. Canadian equity and equity-related issuance fell 79% in the first six months from the same period a year earlier, with … Read more