California offshore wind auction tops $460 million on second day

California offshore wind auction tops 0 million on second day

Dec 7 (Reuters) – The first-ever offshore wind development rights auction off California entered its second day on Wednesday, with high bids topping $460 million. The Biden administration’s sale is a major step in its goal to install turbines along all of America’s coasts and a critical test of developers’ appetite for investment in floating … Read more

China’s trade suffers worst slump in 2½ years as COVID woes and weak demand take their toll

China’s trade suffers worst slump in 2½ years as COVID woes and weak demand take their toll

China’s Worst Exports Since February 2020, Forecast Wrong Imports fall the most since May 2020 due to sluggish demand Global economic downturn, China’s COVID woes increase pressure Politburo meeting points to key driver of domestic demand in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their fastest pace in … Read more

Stocks fall, dollar stabilizes as market assesses Fed rate policy

Stocks fall, dollar stabilizes as market assesses Fed rate policy

NEW YORK/LONDON, Dec 6 (Reuters) – Global stocks headed for a third straight day of losses on Tuesday and the dollar held steady as the market assesses how long the Federal Reserve is keeping interest rates higher. high and the likelihood that the policy will cause a recession. US equities trailed European equities lower, with … Read more