NEW DELHI (Reuters) - India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. The unprecedented move by the government, which would result in record tendering in a year for...

By Nicoco Chan and Sarah Wu SHANGHAI/BEIJING, July 3 (Reuters) - With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. The bloc is set to confirm on Thursday extra duties of up to...

05:05 AM EDT, 07/03/2024 (MT Newswires) -- National Amusements reached a preliminary deal to sell its controlling interest in Paramount Global ( PARAA ) to Skydance Media, media outlets reported, citing unnamed sources familiar with the matter. Under the proposed terms of the agreement, Skydance Media will pay $1.75 billion for National Amusements, which owns 77% of Paramount's voting shares,...

05:04 AM EDT, 07/03/2024 (MT Newswires) -- CVR Energy ( CVI ) is looking to acquire shares in the parent of Citgo Petroleum and has submitted a binding offer in an ongoing auction, Reuters reported Tuesday, citing three unnamed sources familiar with the matter. According to the report, a US court is auctioning the shares to pay certain creditors that...