Stories from Reuters
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Deadline to sell stake in Caixabank extended
4th extension to the govt’s self-imposed deadline
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Tesla suspends production in Shanghai
Not an established practice for the plant to shut down for a year-end holiday
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ADNOC to buy 24.9% stake in Austria’s OMV
The Abu Dhabi company is acquiring Mubadala’s entire OMV stake valued at $4.1 billion
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EU agrees gas price cap to contain energy crisis
Ministers agreed to trigger a cap if prices exceed 180 euros/MWh for three days
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Egypt’s IMF deal to reduce govt debt
IMF does not require Cairo to cut spending on subsidies
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Green aluminium good news for carmakers
Aluminium makers poised to boost low-carbon metal output by 10% next year
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US bank stocks falter over recession worries
S&P 500 banks index slumps around 11% this month
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Foxconn unit to sell stake in Chinese chip firm
Will sell holdings for at least $772 million
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EU talks resume in hunt for carbon market deal
Targets to cut net greenhouse gas emissions by 55% by 2030
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Coal consumption to reach all-time high this year
High gas prices, supply disruptions lead some countries to turn to cheaper coal