TOKYO, May 12 (Reuters): Oil prices stabilised on Friday and were set to end the week flat as the market balanced supply fears against renewed economic concerns in the United States and China.Brent crude futures was down 5 cents, or 0.07 per cent, at $74.93 a barrel by 1145 GMT....
Read moreWASHINGTON, May 12 (AFP): President Joe Biden's administration on Thursday announced plans to curb planet-warming emissions from the nation's power stations, as part of the United States' efforts to combat climate change.Starting from 2030, the proposal from the Environmental Protection Agency would target fossil fuel electricity production with increasingly stringent...
Read moreCOLOMBO, May 12 (AFP): Cash-strapped Sri Lanka's national airline announced a staggering $525 million annual loss on Friday.With nearly 6,000 staff, SriLankan Airlines is the biggest and most expensive of the cash-haemorrhaging state companies that have drained the budget and compounded the worst financial crisis in Sri Lanka's history.The bankrupt...
Read moreGold prices were on track to fall for a third straight session on Friday, weighed by higher yields and a steady dollar, but the bullion retained its spot over the key $2,000 level on expectations of interest rate cuts towards the end the year, reports Reuters. Spot gold was down...
Read moreMUMBAI, May 12 (AFP): India's Tata Motors reported better-than-expected profits for the first three months of the year on Friday, boosted by a strong performance at its British subsidiary Jaguar Land Rover and sales in the domestic market.The Mumbai-headquartered automaker posted a net profit of 54.08 billion rupees ($658 million),...
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