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19 May

U.S. power and natgas prices soar during spring heatwave

(Reuters) -U.S. spot power and natural gas prices soared on Thursday to their highest a year or more in several parts of the country as consumers cranked up air conditioners to escape an early spring heatwave.

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19 May

Southeast Asia's Grab sees rebound in ride-hailing as offices reopen

Grab Holdings Ltd, Southeast Asia's No. 1 ride-hailing and food delivery firm, on Thursday forecast a rebound in its rideshare and food delivery businesses as economies recover from a pandemic-led slump, sending its U.S.-listed shares surging 32%.

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19 May

Biden welcomes Finland, Sweden to join NATO, as Turkey balks

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19 May

Mercedes aims to fuel road to electric luxury with 'desire'

BERLIN (Reuters) -Mercedes-Benz outlined a new strategy fuelled by "creating desire" through scarcity at a strategy day on the French Cote d'Azur, where it showcased its luxury models to analysts, investors and selected customers.

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19 May

Canada's Telus and Globalive sign network pact to bid for Shaw's wireless business

(Reuters) -Canadian telecoms company Telus Corp and investment firm Globalive Capital Inc have entered into a spectrum and network sharing agreement to bid for Shaw Communications Inc's wireless business, the companies said on Thursday.

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19 May

As deadlines loom, Russia says EU gas clients open payment accounts

LONDON (Reuters) -Half of Russian gas giant Gazprom's 54 clients have opened accounts at Gazprombank, Russian Deputy Prime Minister Alexander Novak said on Thursday, as European companies approach imminent payment deadlines.

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19 May

Fed has 'important but quite limited' authority to police climate change risk, says nominee Barr

The Federal Reserve has "important but quite limited" authorities to police financial risks emanating from climate change, according to Michael Barr, President Biden's nominee to lead to the central bank's regulatory work.

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  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
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