Why Russian oil price cap is easier said than done
G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday.
Stocks and oil tumble as recession fears mount
World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar.
Exclusive: India’s Tata Steel bought 75,000 tonnes of Russian coal in May
India’s top steelmaker Tata Steel (TISC.NS) imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.
EXCLUSIVE New York City to auction sanctioned Venezuelan mogul’s apartment
New York City plans next month to auction a midtown Manhattan apartment owned by a Venezuelan media mogul with ties to socialist President Nicolas Maduro’s government, after U.S. sanctions forced him to miss condominium payments, court records show.
EXCLUSIVE China in talks with automakers on EV subsidy extension -sources
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said.
Analysis: Positive real yields may spell more trouble for U.S. stocks
A hawkish turn by the Federal Reserve is eroding a key support for U.S. stocks, as real yields climb into positive territory for the first time in two years.
Five key takeaways from Jamie Dimon’s letter to JPMorgan’s investors
Jamie Dimon, CEO of JPMorgan Chase & Co (JPM.N), published his closely watched annual letter to shareholders on Monday, covering critical issues including the war in Ukraine, the energy crisis, sanctions, inflation and interest rates
Russia should work on rouble payments for oil, grain and metals, Kremlin says
The Kremlin said on Wednesday that demanding rouble payment for exports of oil, grain, fertilisers, coal, metals and other key commodities in addition to natural gas was a good idea and should be worked on.
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 […]
EXCLUSIVE India LIC’s embedded value set at over $66.8 bln, govt official says
State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government official who is overseeing what is expected to be the country’s largest IPO said on Thursday.
