ASIA

Another OPEC? Indonesia wants to create a cartel for battery metals

London CNN Business — Indonesia produces more nickel than any other country. As demand soars for batteries to power the energy transition, that presents a huge opportunity, and the archipelago nation of 276 million people intends to take advantage of it. With the electric vehicle revolution driving up demand for key battery metals such as …

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European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by US jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps …

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Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant’s production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned …

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Bankman-Fried says he will testify before the US House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The US House Financial Services Committee plans to hold a hearing in December to investigate the …

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OPEC+ keeps policy steady amid weakening economy, Russian oil cap

No discussions about Russian price cap – delegates Oil prices have come under pressure from weak economy Next meetings to take place Feb. 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact …

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OPEC+ will keep oil policy unchanged in review talks, sources say

OPEC met on Saturday for admin discussions No discussions of Russian price cap so far – delegates OPEC+ to hold virtual meeting on Dec. 4 LONDON/DUBAI, Dec 3 (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group …

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Crypto exchange Gemini is trying to recover $900 million from crypto lender Genesis, Financial Times reports

Dec 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Crypto exchange Gemini is trying to recover the funds after Genesis was wrongly footed by last month’s failure of Sam Bankman-Fried’s FTX crypto …

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OPEC+ seen heading for oil policy rollover, cut not ruled out

OPEC+ seen sticking with current policy – delegates Group to hold virtual meeting on Dec. 4 Kuwait KPC CEO: Buyers not seeking more oil, maybe seeking less Analysts, some delegates say don’t rule out cut LONDON/DUBAI, Dec 2 (Reuters) – OPEC+ is likely to stick to its current oil output target when it meets on …

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Uruguay and Ghana set for an epic rematch 12 years after a controversial World Cup quarterfinal clash

CNN — Uruguay and Ghana’s quarterfinal meeting at South Africa 2010 is widely viewed as one of the most iconic World Cup matches in history. On a tense evening in Johannesburg, this was a game that had everything; drama, controversy, heartbreak, a villain and a hero – incidentally, both played by the same person. Luis …

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