As sanctions bite Russia, fertilizer shortage imperils world food supply
Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages.
LME says it has no current plans to ban Russian metal from its system
The London Metal Exchange has no current plans to ban from its system metal from Russian producers, such as nickel and copper from Norilsk Nickel or aluminium from Rusal, it said on Tuesday, despite calls from some members to do so.
Analysis: Climate goals take second place as EU states cut petrol prices
A growing number of European countries are cutting fuel taxes to lower surging pump petrol prices. The move brings respite to motorists but environmentalists say it flies in the face of commitments to curb global warming.
Alphabet unit Waymo says ready to launch driverless vehicle services in San Francisco
Alphabet Inc’s (GOOGL.O) Waymo unit said on Monday that it is ready to remove safety drivers from its autonomous vehicles in San Francisco, without elaborating on the timeframe for launching fully driverless services.
EXCLUSIVE Chinese regulators ask some U.S.-listed firms to prepare for audit disclosures – sources
Chinese regulators have asked some of the country’s U.S.-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up efforts to ensure domestic companies remain listed in New York.
China Evergrande to resolve $511 million trust loan with state help -sources
BEIJING/HONG KONG, March 22 (Reuters) – China Evergrande Group (3333.HK)plans to return land set aside for collateral for a trust loan from CITIC Trust Co to the Guangzhou government, two sources familiar with the matter said on Tuesday, in a workout arrangement that could be replicated in other parts of China’s indebted property sector. The deal […]
Analysis: Europe split on how to spare consumers energy price pain
Proposals from southern European countries to intervene in energy markets have highlighted the difficulty facing an EU summit this week as it seeks to respond to record prices driven by Russia’s invasion of Ukraine.
Russia’s Sberbank says sanctions limiting some forex transfers in Russia and abroad
Russia’s largest lender Sberbank (SBER.MM) on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in Russia and abroad.
Amazon.com closes deal to buy MGM movie studio
Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled moviemaker behind “Rocky” and James Bond with the online retailing giant as it looks to draw consumers through more streaming video.
Morning Bid: “What a mess”
Global markets surged overnight as traders hailed China’s pledge to support its economy, chased an elusive breakthrough for a ceasefire in Ukraine and saluted a hawkish interest rate lift-off by the U.S. Federal Reserve.
