Analysis: U.S. LNG exports to Europe on track to surpass Biden promise
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with scepticism.
Russian gas cut to Europe hits economic hopes, Ukraine reports attacks on coastal regions
Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
Oil rises in volatile trade, Fed hike weighs
Oil prices rose on Monday in seesaw trading as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand.
Intel to produce Taiwanese company MediaTek’s chips
U.S. chipmaker Intel Corp (INTC.O) said on Monday it will produce chips for Taiwan’s MediaTek Inc (2454.TW), one of the world’s largest chip design firms.
Credit Suisse eyes more cost cuts, SonntagsZeitung reports
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources.
Vodafone sees progress in resolving Germany issues
Vodafone (VOD.L) is making progress towards resolving issues in its biggest market Germany after suffering a drop in service revenue there, its chief executive said on Monday.
KPMG escapes record fine over Carillion, Regenersis audit checks
KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.
Russian rouble weakens as market takes stock of rate cut
The Russian rouble weakened in jittery Moscow trade on Monday, adjusting to the central bank’s decision to slash interest rates on Friday, and as a rouble-supportive tax-payment period reaches its peak.
China plans real estate fund worth up to $44 billion for distressed sector, source says
China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct knowledge of the matter.
Oil prices fall as Libya resumes output, global demand outlook darkens
Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.
