Business

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

WASHINGTON (Reuters) -The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China.FILE PHOTO: U.S. President Joe Biden delivers remarks to highlight electric vehicle manufacturing in […]

Business

Office Depot closing decade-old store along Colfax in Denver’s Capitol Hill neighborhood

Last call for staplers and printer paper. Office Depot plans to close its store at 616 E. Colfax Ave. in the Cap Hill neighborhood. Large “Closing” signs have been posted on the building. An employee working Wednesday said the store’s last day will be Dec. 10. The store opened in December 2012, according to Denver […]

Business

Top Workplaces 2023: Nomination process to begin

The Denver Post has kicked off the 12th year of its Top Workplaces awards program. The nomination process has begun, and the first deadline is Nov. 4. Any organization with 50 or more employees in Colorado is eligible to participate. The organizations can be public, private, nonprofit or government. Companies will be surveyed through January. […]

Business

China leaves lending benchmarks unchanged amid global rates squeeze

SHANGHAI (Reuters) – China kept its benchmark lending rates unchanged at a monthly fixing on Tuesday, as expected, as authorities appeared to hold off immediate monetary easing following rapid declines in the local currency and as central banks elsewhere tightened policy.FILE PHOTO: People wearing face masks walk past the headquarters of Chinese central bank People’s […]

Business

Analysis-China's mortgage boycott quietly regroups as construction idles

BEIJING (Reuters) – Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress at more sites now threatens to intensify the boycott, despite assurances from authorities.FILE PHOTO: Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song/File PhotoThe […]

Business

Down … but not out

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeeverChristine Lagarde, European Central Bank (ECB) president addresses a news conference following the ECB’s monetary policy meeting in Frankfurt, Germany, September 8, 2022. REUTERS/Kai PfaffenbachWorld markets survived a one-two punch from the European Central Bank (ECB) and Federal Reserve Chairman Jerome Powell […]

Business

U.S., Indo-Pacific countries launch new-generation trade talks shunning tariff cuts

(Reuters) – Economic ministers from the United States and 13 Indo-Pacific countries launch negotiations on Thursday on Washington’s first major pan-Asian trade engagement effort in nearly a decade, but this time any deal won’t cut tariffs.Slideshow ( 2 images )The Indo-Pacific Economic Framework talks in Los Angeles will seek to define a sweeping platform for […]

Business

Asia shares ease, euro slugged by energy crisis

SYDNEY (Reuters) – Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices.FILE PHOTO: A man walks under an electronic screen showing Japan’s Nikkei share price index inside […]

Business

Brian Stelter Leaving CNN After Cancellation of ‘Reliable Sources’

Chris Licht, the new chairman of CNN, has told employees that he is retooling the network’s programming. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of our Daily Business Briefing By Benjamin Mullin CNN is canceling […]

Business

Meta raises $10 billion in first-ever bond offering

FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. (Reuters) – Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business. The offering would help Meta, the only one […]