EDITORIAL: Japan must urge US to abolish auto tariffs

The government vowed that U.S. tariffs on Japanese car exports would be removed when it advocated for a new bilateral trade deal that went into effect in January last year. Then Prime Minister Shinzo Abe and other senior administration officials said that the future elimination of existing US tariffs on …

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With rising production and imports, US oil inventories are rising; Markets anticipate OPEC, the allies’ next move

Domestic crude inventories rose for the fourth time in five weeks as higher imports and production more than offset rising demand, the United States Energy Information Administration (EIA) said on Wednesday. The EIA said oil inventories for the week ended Nov. 19, excluding those of the Strategic Petroleum Reserve (SPR), …

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Japan to release oil reserves to cut prices, Auto News, ET Auto

In Japan, the decision to develop reserves in the past was to resolve supply issues after natural disasters and political unrest abroad. Japanese Prime Minister Fumio Kishida said on Wednesday that the country would release oil, which would be the first time for the resource-poor country to try to reduce …

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Japanese PM confirms release of oil reserves in response to US demand

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday said his government would release oil reserves in response to a US demand in a way that does not violate a Japanese law that allows only stock releases in the event of a risk of supply disruption. “We have worked …

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Apple and Amazon pricing fines imposed by antitrust regulator

An Italian investigation into alleged pricing by Apple and Amazon in the sale of Apple and Beats products found the companies guilty. They have each been fined by the antitrust regulator. The two companies were also ordered to end their restrictive agreement on the sale of Beats products on Amazon …

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INTERVIEW | Why Japan shouldn’t give up nuclear power

~~ In the race for carbon neutrality, countries are largely looking for the key to maintaining their access to energy resources to sustain modern lifestyles and industry, while reducing their use of fossil fuels which are major contributors to greenhouse gases. In this research, the question of nuclear energy inevitably …

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Japanese officials work to release oil reserves at US request, sources say

An oil plant in Ichihara, Japan on November 12.KYODO / Reuters Japanese officials are working on ways to get around restrictions on releasing national crude oil reserves in tandem with other major economies to lower prices, four government sources with knowledge of the plans told Reuters. While Prime Minister Fumio …

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Tackling the bad debt problem

Over the past five years, considerable progress has been made in resolving and collecting bad debts from banks. Despite this, there are still around Rs 10 lakh crore of stressed assets lying around in the system. The newly formed National Asset Reconstruction Company (NARCL) in the public sector offers hope …

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Vietnam places high hopes in RCEP trade deal

HO CHI MINH-CITY, VIETNAM – Vietnam is expected to reap short-term benefits from joining the Regional Comprehensive Economic Partnership, a free trade agreement due to enter into force in January, following ratification on November 2 by Australia and New Zealand. Fifteen Asia-Pacific countries have signed the RCEP, including China, South …

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Report, Energy News, ET EnergyWorld

ONGC, which accounts for over 60% of the country’s oil and gas production, has been under pressure from the government to increase production in order to reduce dependence on imports. India currently imports 85% of the oil and half of the gas it consumes. New Delhi: India’s domestic gas production …

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