Friday, November 22

Tag: Output/Production

Iran Adds to Pressure on U.S. With Nuclear Program Acceleration
27Dec By adminNo Comments
World

Iran Adds to Pressure on U.S. With Nuclear Program Acceleration

Updated Dec. 26, 2023 6:06 pm ETIran has tripled production of nearly weapons-grade uranium in a move likely to deepen its confrontation with the West as Tehran helps allied militias to attack Israel and U.S. forces in the region. Iran’s decision to triple its production rate of near-weapons-grade uranium marks the collapse of quiet diplomatic efforts between Washington and Tehran to ease tensions. It comes amid a proliferation of flashpoints between the U.S. and Iran, whose proxies have repeatedly traded fire with U.S. forces in the Middle East since the bloody conflict between Israel and Hamas erupted on Oct. 7. U.S. and European navies are also shooting down drones launched by the Iran-backed Houthis in the Red Sea. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 879...
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Iran Adds to Pressure on U.S. With Nuclear Program Acceleration
26Dec By adminNo Comments
World

Iran Adds to Pressure on U.S. With Nuclear Program Acceleration

Dec. 26, 2023 10:07 am ETIran has tripled production of nearly weapons-grade uranium in a move likely to deepen its confrontation with the West as it helps Tehran-linked militias to attack Israel and U.S. forces in the region. Iran’s decision to triple its production rate of near-weapons-grade uranium marks the collapse of quiet diplomatic efforts between Washington and Tehran to ease tensions. It comes amid a proliferation of flashpoints between the U.S. and Iran, whose proxies have repeatedly traded fire with U.S. forces in the Middle East since the bloody conflict between Israel and Hamas erupted on Oct. 7. U.S. and European navies are also shooting down drones launched by the Iran-backed Houthis in the Red Sea. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cb...
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OPEC Is Losing Its Mojo on Wall Street
23Dec By adminNo Comments
Money

OPEC Is Losing Its Mojo on Wall Street

Throttling back on oil production hasn’t helped OPEC and its allies to push up crude prices lately.At least four times in the past 15 months, members of the alliance known as OPEC+ have slashed oil output, only for prices to soon retreat anyway. A surge near $100 a barrel petered out earlier this year, and crude futures tumbled 10% in the two weeks after the coalition announced a roughly 5% reduction on Nov. 30.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Credit Agricole to Stop Financing New Fossil Fuel Extraction Projects
14Dec By adminNo Comments
World

Credit Agricole to Stop Financing New Fossil Fuel Extraction Projects

Credit Agricole said it aims to achieve carbon neutrality by 2050 and that it won’t finance any new fossil fuel extraction projects.The French lender said Thursday it expects to increase 80% of its exposure to low carbon energies through 2025 totalling 13.3 billion euros ($14.46 billion).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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New York Joins IBM, Micron in $10 Billion Chip Research Complex
11Dec By adminNo Comments
World

New York Joins IBM, Micron in $10 Billion Chip Research Complex

Updated Dec. 11, 2023 12:26 pm ETNew York state is joining chip companies to invest $10 billion in a semiconductor research facility near the University at Albany that is set to bring advanced chip-making equipment to the state.NY Creates, a nonprofit that oversees the Albany NanoTech Complex where the facility is to be built, will coordinate its construction. It will also use state funds to acquire chip-making equipment from ASML Holding, a Dutch company whose machines can cost hundreds of millions of dollars and are key to making the most advanced chips possible.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Anglo American Sees Lower Production; Targets to Cut Cost by $1 Bln Next Year
8Dec By adminNo Comments
World

Anglo American Sees Lower Production; Targets to Cut Cost by $1 Bln Next Year

Anglo American said it expects lower production next year amid near-term constraints and volatile market conditions, and that it plans to lower costs by $1 billion.The multinational diversified miner said Friday its output for 2023 increased by around 3% on year, driven by a ramp-up of operations at its Peruvian copper project Quellaveco and solid iron ore production, which offset lower platinum metals and diamonds production.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Toshiba, Rohm to Invest $2.69 Billion to Make Power Devices in Boost to Japan Chip Industry
8Dec By adminNo Comments
World

Toshiba, Rohm to Invest $2.69 Billion to Make Power Devices in Boost to Japan Chip Industry

Toshiba and electric-parts company Rohm will invest $2.69 billion in a venture to produce power devices, a move aligned with Tokyo’s drive to ensure a stable supply of semiconductors in Japan.The Japanese companies said Friday they will spend a combined 388.3 billion yen ($2.69 billion) to boost production capacity of silicon carbide and silicon power devices, components used for supplying and managing power in parts such as electric-vehicle powertrains.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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German Industrial Production Contracted Unexpectedly in October
7Dec By adminNo Comments
World

German Industrial Production Contracted Unexpectedly in October

Germany’s industrial production fell unexpectedly in October, and for a fifth-straight month, a further sign of the deteriorating environment in the key manufacturing base of Europe’s largest economy.Output dipped 0.4% compared with the previous month, seasonally and on a calendar-adjusted basis, from a 1.3% decline in September, according to data published Thursday by German statistics office Destatis.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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U.S. Crude Oil Inventories Fall by 4.6 Million Barrels in Week
6Dec By adminNo Comments
Money

U.S. Crude Oil Inventories Fall by 4.6 Million Barrels in Week

U.S. crude oil inventories fell more than expected last week as U.S. refiners continued to raise their capacity use following the fall maintenance season, according to data released Wednesday by the U.S. Energy Information Administration.Commercial crude-oil stockpiles excluding the Strategic Petroleum Reserve fell by 4.6 million barrels in the week ended Dec. 1, to 445 million barrels, and were about 1% below their five-year average for the time of year, the EIA said. It was the first draw on stocks in seven weeks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Wegovy-Maker Novo Nordisk to Spend More Than $2 Billion Boosting Production in France
24Nov By adminNo Comments
World

Wegovy-Maker Novo Nordisk to Spend More Than $2 Billion Boosting Production in France

Pharmaceutical giant Novo Nordisk said it will invest more than 16 billion Danish kroner ($2.34 billion) in its French production site as it seeks to meet rising demand for its blockbuster obesity and diabetes treatments.The Danish company, which makes the Wegovy obesity drug and diabetes drug Ozempic, said Thursday that the expansion of its facility in Chartres, southwest of Paris, will more than double the size of the site and is expected to create more than 500 new jobs. Construction, which has already started and will employ up to 2,000 external workers, is set to complete between 2026 and 2028, it said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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