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US manufacturing shows resilience despite rising interest rates

US manufacturing shows resilience despite rising interest rates

General view of metal cutting machines inside Gent Machine Co.’s 55-employee factory in Cleveland, Ohio, US, May 26, 2021. REUTERS/Timothy Aeppel/File Photo Register now for FREE unlimited access to Reuters.com Register Core capital goods orders increase 0.5% in May Core capital goods shipments rise 0.8% Durable goods orders gain 0.7%; shipments up 1.3% WASHINGTON, June …

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GLOBAL ECONOMY US recession fears darken outlook for global growth

GLOBAL ECONOMY US recession fears darken outlook for global growth

WASHINGTON/LONDON/TOKYO, June 23 (Reuters) – Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, …

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Column: Green hydrogen may be energy’s future, but it’s complicated

Column: Green hydrogen may be energy’s future, but it’s complicated

A new hydrogen fuel cell truck made by Hyundai is pictured at the Verkehrshaus Luzern (Swiss Museum of Transport) in Luzern, Switzerland October 7, 2020. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register DEVONPORT, Australia, June 23 (Reuters) – Green hydrogen is often touted as the future of energy, providing a flexible …

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Cheniere Energy authorizes expansion at Texas LNG export plant

Cheniere Energy authorizes expansion at Texas LNG export plant

A sign of US LNG company Cheniere is seen at the registration counter at the International Conference & Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai, China April 1, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – Top US liquefied natural gas (LNG) exporter Cheniere Energy Inc (LNG.A) …

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Wall Street ends lower after Powell remarks, as energy shares drag

Wall Street ends lower after Powell remarks, as energy shares drag

Powell: Fed ‘strongly committed’ to inflation fight Energy shares hit as oil prices slide Defensives top-performing S&P sectors Dow Inc falls as brokerage downgrades to “underperform” Indexes down: Dow 0.15%, S&P 0.13%, Nasdaq 0.15% June 22 (Reuters) – Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed …

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Australia power crisis forces manufacturers to eye offshore moves, production cuts

Australia power crisis forces manufacturers to eye offshore moves, production cuts

SYDNEY, June 20 (Reuters) – Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the government to resolve the country’s energy crisis. The CEOs of Brickworks Ltd (BKW.AX), the country’s largest brickmaker, and Boral Ltd …

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US energy chief to discuss record pump prices with refiners next week

US energy chief to discuss record pump prices with refiners next week

WASHINGTON, June 16 (Reuters) – US Energy Secretary Jennifer Granholm called an emergency meeting with refining executives for next week, a department spokesperson said on Thursday, as tensions between the Biden administration and Big Oil mount over soaring gasoline prices. The planned talks come as President Joe Biden, under pressure over record prices with inflation …

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