Giant Batteries Drain Economics of Gas Power Plants

Data shows 68 gas plant projects cancelled or put on hold Assessing economic case for new projects much harder EVs could also reduce need for standby gas generation LONDON, Nov 21 Reuters Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects […]
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Sri Lankan Inflation Rises to 1 in October

COLOMBO, Nov 21 Reuters Sri Lanka39;s consumer price inflation rose to 1 in October yearonyear from 0.8 in September, the statistics department said on Tuesday. The National Consumer Price Index NCPI, which captures broader retail price inflation, is released with a lag of 21 days every month. Food prices fell 5.2 in October after declining […]
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South African Rand Slips after Mixed Economic Data

JOHANNESBURG, Nov 21 Reuters South Africa39;s rand slipped on Tuesday after mixed local economic data, ahead of inflation figures and an interest rate decision this week. At 1541 GMT, the rand traded at 18.48 against the dollar , about 0.7 weaker than its previous close. The dollar itself was last trading down around 0.14 against […]
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Rebound in Financials, IT Rally Lift Indian Shares

BENGALURU, Nov 21 Reuters Indian shares rose on Tuesday, led by a rebound in financials after a twosession lull, while information technology IT stocks extended gains amid a global stock rally on expectations that U.S. interest rates have peaked. The NSE Nifty 50 index rose 0.37 to 19,766.50 points and the SP BSE Sensex was up 0.36 […]
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Major Gulf Bourses Mixed in Early Trade on Tuesday

Nov 21 Reuters Major stock markets in the Gulf were mixed in early trade on Tuesday amid falling oil prices and on expectations the U.S. Federal Reserve is likely done with interest rate hikes. Stock markets have broadly rebounded in November, as a flurry of data that showed U.S. inflation might be easing has spurred […]
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