Page 124 - Min News Today

Australia risks having tariffs imposed on its exports if it fails to adopt a target of net zero carbon emissions by 2050, a senior government minister said on Tuesday, as the country's ruling coalition struggles to unite on the issue.

India is considering maintaining strategic reserves of natural gas and imported coal to address future supply shocks, a senior power ministry official said on Thursday, as the energy hungry nation battles a crippling coal shortage.

South Africa is seeking cheap finance for more than 400 billion rand ($27.6 billion) of electricity infrastructure as part of its plans to move away from heavily polluting coal, a senior presidency official said on Thursday.

China's government said on Thursday energy-intensive industries like steel, aluminium, cement and oil refining should ensure that more than 30% of their production capacity meets tighter energy efficiency standards by 2025.

European stocks retreated from six-week highs on Thursday, with miners leading the declines on renewed concerns about China's property sector, while mixed quarterly updates from companies dampened risk appetite.

BlackRock , the world's biggest asset manager, said on Thursday it had voted against the re-election of more than 800 company directors during an Asia-dominated third quarter for annual general meetings.

Top U.S. trade negotiator Katherine Tai said on Thursday she was optimistic about resolving a dispute with the European Union over steel and aluminium tariffs, insisting that joint transatlantic efforts were needed to combat overcapacity in the global market.

Low global supplies of copper - a key metal used in wiring, electric vehicles and other electronics - will crimp global climate ambitions unless regulators green light more mines, the chief executive of Freeport-McMoRan Inc said on Thursday.

Russia will start testing a potentially nationwide real-time system to monitor air quality at metals giant Nornickel's base in the industrial Arctic city of Norilsk next year, the company and a government official said on Thursday.

Interest rate increases are expected to continue across Latin America as the region reacts to inflation pressures, even as economies operate below their potential, the International Monetary Fund said on Thursday.