Author: Press Room
Sales associate Devani Knox (right) thanks Dana Nachman and her daughters Sidney, 7, Annie, 11, and … [+] son Charlie, 10, for test driving a Bolt EV all-electric car at a Chevrolet dealership in Fremont, Calif. on Friday, Aug. 4, 2017. (Photo By Paul Chinn/The San Francisco Chronicle via Getty Images)San Francisco Chronicle via Getty Images The Internal Revenue Service on Wednesday opened the portal for car sellers to register with Energy Credits Online – a site that will allow dealers to dole out the federal electric vehicle tax credit of up to $7,500 to buyers as a discount. The…
Australian pension fund to vote against improved Brookfield-led bid for Origin Energy
© Reuters. FILE PHOTO: A taxi drives in front of skyscrapers at the central business district, including AIA Central, China Construction Bank (CCB) Tower, Bank of China Tower, Cheung Kong Centre, HSBC and Standard Chartered Bank headquarters, in Hong Kong, China Aug HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S. Federal Reserve to keep rates steady. The U.S. central bank held interest rates steady on Wednesday as policymakers paused its aggressive tightening of monetary policy to consider…
© Reuters. An American flag waves outside the U.S. Department of Justice Building in Washington, U.S., December 2, 2020. REUTERS/Tom Brenner/File Photo (Reuters) -The U.S. Justice Department’s investigation into Live Nation is focusing on whether the company uses anticompetitive agreements with venues and artists, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The probe is looking at any restrictions in the deals that Live Nation offers, including whether the agreements restrict venues’ ability to work with other promoters or ticket services, the report said. Enforcers in recent weeks have sent document retention letters to talent…
© Reuters. A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/Flee/File Photo By Stephanie Kelly (Reuters) – Oil prices edged higher in early trade on Thursday as the conflict in the Middle East kept investors on edge about whether it could disrupt oil supplies around the region. futures rose 38 cents at $85.01 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude futures gained 46 cents at $80.90 a barrel. Iran’s Supreme Leader Ayatollah Ali Khamenei called on Muslim states to…
gilaxia/E+ via Getty Images Live Nation Entertainment (NYSE:LYV) dropped 1.8% in after-hours trading amid a report that the Justice Department is probing if the company’s agreements with venues to book talent and serve as a ticketing provider may be anticompetitive. The deals that Live Nation (LYV) uses to land artists for its events are among practices that the regulator is reviewing, according to a WSJ report on Wednesday, which cited people familiar with the matter. The agency is also looking at whether the company’s agreements restrict venues’ ability to work with other promoters or ticket services. “We do not understand…
President Biden will travel to Maine on Friday to pay his respects to the 18 people killed and more than dozen wounded during a gunman’s rampage through a bar and bowling alley in Lewiston, Maine, last week, the White House announced.Shortly after the massacre, Mr. Biden declared his frustration at the taking of yet more lives in a mass shooting. The gunman, Robert R. Card II, 40, was found dead of an apparently self-inflicted gunshot on Friday, two days after the killings.“Once again, an American community and American families have been devastated by gun violence,” Mr. Biden said on Friday…
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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s biggest memory chipmaker has had to raise billions of dollars in fresh capital, after burning through $7bn in funding over the past year trying to adapt to tough US restrictions on its business.Yangtze Memory Technologies Corp, which last December was added to a trade blacklist and prohibited from procuring US equipment to manufacture chips, exceeded its target for a new round, according to four people familiar with the situation.They could not confirm the exact figure raised, but said it was equivalent…
© Reuters. FILE PHOTO: Japanese Prime Minister Fumio Kishida poses during a photo session with his new cabinet members at the prime minister’s official residence in Tokyo, Japan, September 13, 2023. Zhang Xiaoyu/Pool via REUTERS By Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) in a package of measures to cushion the economic blow from rising inflation, which will include tax cuts. To fund part of the spending, the government will compile a supplementary budget for the current fiscal year of 13.1 trillion yen, Kishida…