TOPNWS

US states struggle to share dwindling waters of Colorado River

SEATTLE, Wash., Feb 1 (Reuters) – The Colorado River, which provides drinking water to 40 million people in seven US states, is drying up, straining a water distribution pact amid the worst drought in 12 centuries, exacerbated by climate change. California split from the six states of Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming …

US states struggle to share dwindling waters of Colorado River Read More »

Canadian province tries decriminalizing drugs to fight overdose crisis

VANCOUVER, Jan 31 (Reuters) – The western Canadian province of British Columbia on Tuesday began a three-year pilot program to stop prosecuting people for carrying small amounts of heroin, meth, ecstasy, or crack cocaine, as part of an effort to fight a drug overdose crisis. BC accounts for about a third of the 32,000 deaths …

Canadian province tries decriminalizing drugs to fight overdose crisis Read More »

Pfizer sees steep 2023 fall in COVID sales, aims to bolster pipeline

Jan 31 (Reuters) – Pfizer Inc (PFE.N) on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor concerns over demand for the products as governments cut orders and work through inventories. Chief Executive Albert Bourla said that 2023 should be a “transition year” for Pfizer’s COVID products, …

Pfizer sees steep 2023 fall in COVID sales, aims to bolster pipeline Read More »

Wall Street buoyed by easing inflation concerns ahead of Fed decision

McDonald’s warns of short-term inflation pressures US labor costs growth slows in fourth quarter Fed decision on interest rates on Wednesday GM up on robust forecast, Caterpillar hit by lower Q4 profit Indexes up: Nasdaq 0.48%, S&P 0.33%, Dow 0.07% Jan 31 (Reuters) – Wall Street rose on Tuesday as wage growth data indicated that …

Wall Street buoyed by easing inflation concerns ahead of Fed decision Read More »

Disillusioned at home, super-rich Chinese set their sights on Singapore

SINGAPORE, Jan 31, (Reuters) – Like many wealthy Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 …

Disillusioned at home, super-rich Chinese set their sights on Singapore Read More »

Tech, megacaps drag Wall St to lower close as big market week kicks off

Apple, Alphabet, Amazon slide ahead of earnings Fed decision on interest rates on Wednesday J&J falls after US court rejects talc-lawsuit strategy Indexes down: Dow 0.77%, S&P 500 1.3%, Nasdaq 1.96% NEW YORK, Jan 30 (Reuters) – Major US stock indexes sank on Monday, weighed down by declines in technology and other megacap shares, as …

Tech, megacaps drag Wall St to lower close as big market week kicks off Read More »

Saudi Arabia may lower crude prices to Asia for 4th straight month

SINGAPORE, Jan 30 (Reuters) – Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil premiums, as oversupply linger worries despite expectations of demand recovery in China. State oil company Saudi Aramco may lower the official selling price …

Saudi Arabia may lower crude prices to Asia for 4th straight month Read More »

Adani hits back at Hindenburg, says it made all disclosures

Adani issues 413-page rebuttal to Hindenburg report US short-seller’s report sparked falls in Adani shares Adani says comply with laws, necessary disclosures Adani CFO confident $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 …

Adani hits back at Hindenburg, says it made all disclosures Read More »