Four years ago several firms manufacturing high voltage cables, and US investment bank Goldman Sachs, were fined US$371 million for running a cartel. Sputnik spoke to a source in the cable industry who says a small group of companies still control it and charge extortionate prices to data centers, solar and wind farms and other hi-tech businesses.
BEIJING (Sputnik) - Chinese authorities plan to decrease steel production by another 30 million tonnes, and coal output by more than 150 million tonnes this year, as part of efforts aimed at reducing excess capacity, according to the report on the work of the government, set to be presented by State Council Premier Li Keqiang.
HOUSTON (Sputnik) - The Organization of the Petroleum Exporting Countries (OPEC) is meeting US shale oil producers to discuss and compare forecasts for the oil market, but their participation in production's cuts is out of the question, UAE Energy Minister Suhail Mazrouei told Sputnik adding that he had no high expectations from the meeting.
After Chinese presidential term limits were stripped away last week, the annual top political party meeting has been shrouded in secrecy.
Given the recent release of the easily accessible OmiseGo eWallet and a relaunch of the related operating website, OmiseGo cryptocurrency is seriously poised to make huge advances this year and beyond.
When cold weather strikes, Europe seems to come to an understanding that Russian energy deliveries to the continent carry a purely economic significance, not a political one.
KaratBank, a Singapore-based financial company, has launched a new cryptocurrency that it claims is bound to actual physical gold. Is this a revolutionary idea – or a scam?
Unlike Russia’s Crimea, Venezuela and Iran, which are increasingly pinning their hopes on the crypto-economy to help them fight US-initiated sanctions, Quebec is not that enthusiastic about crypto-mining in general.
One of Liechtenstein's financial institutions said the first batch of cryptocurrencies to be available for trading would include, most certainly, bitcoin, litecoin, Ripple, ether and bitcoin cash.
German car maker Porsche continues to impress and is mulling a new way to create a vehicle which would be able to easily navigate around any potential gridlock on city highways.
Seeking to boost its economy and raise more money for the budget, a small Pacific state has moved to establish its own national cryptocurrency.
US President Donald Trump’s introduction of 25 percent tariffs on steel and aluminium imports to the United States has rattled markets around the world, including in Britain where the status of the steel industry is a particularly sensitive employment issue.
The value of all major cryptocurrencies, including Bitcoin, plummeted in late 2017 and early 2018, largely due to tougher regulation internationally, and outright bans from China and other nations who view them as a threat to their financial systems.
MOSCOW (Sputnik) - China Iron and Steel Association has called the US import tariff policy "foolish protectionist measures" following Washington's announcement about imposing tariffs of 25 percent on steel imports and 10 percent on aluminum imports.
With New England paying a hefty premium for supplies as pipeline capacity limits the flows of cheap shale gas from other parts of the country during peak season, the US is opening its doors to Russian gas supplied by a French company.
The Filipino government has initiated discussions with a Chinese state-owned company to reach a joint agreement to conduct oil exploration and pumping in the disputed South China Sea.
Uzbek President Shavkat Mirziyoyev is to make his first visit to Tajikistan on March 9 to 10, where he is expected to work to restore relations between the two countries, which have been on the upswing in recent years but were once deeply embittered.
Goldmoney, a gold-based financial company, is expanding its cryptocurrency “cold storage” to accommodate two more currencies.
The Dow Jones industrial average sunk more than 425 points, or 1.7 percent, on Thursday in the wake of US President Donald Trump saying that he would impose tariffs on steel and aluminum.
Bitcoin per se cannot be volatile, its rate depends on the way it is treated by governments, and ordinary people, Russia’s Internet ombudsman Dmitry Marinichev said.
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