Power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of the winter storm that led to power outages across Texas, Potomac Economics, which monitors the state's power market, said. Read More
Texas' power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of the winter storm that led to power outages across the state, Potomac Economics, which monitors the state's power market, said. Read More
(Bloomberg) -- Texas state lawmakers introduced a series of bills designed to address last month's energy crisis, including one that would require power plants to weatherize and another that would block retailers from exposing consumers to volatile wholesale electricity prices. Read More
WASHINGTON -- The White House is closely tracking an emergency patch Microsoft Corp has released, U.S. national security adviser Jake Sullivan said on Thursday, after an unknown hacking group recently broke into organizations using a flaw in the company's mail server software. Read More
NEW YORK/SYDNEY -- Asian stocks skidded to one-month lows on Friday as rising U.S. Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen. Read More
CANBERRA -- U.S. soybean futures edged lower on Friday, though concerns about production in South America due to adverse weather conditions capped losses. Read More
HONG KONG -- Elections for Hong Kong's legislature will likely be deferred for a second year to September 2022 as Beijing plans a major overhaul of the city's electoral system, a severe blow to remaining democratic hopes in the global financial hub. Read More
TOKYO -- Japan's Mizuho Financial Group Inc has built a 5.07% stake in Toshiba Corp - a move which comes after the after the Japanese industrial conglomerate returned to the Tokyo Stock Exchange's top section. Read More
India, the world's third largest oil importer and consumer, wants major OPEC+ producers to boost output in order to fulfill their promise of stable crude markets, the nation's oil minister Dharmendra Pradhan said on Wednesday. Read More
BEIJING -- China's $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount. Read More