Analysis: G7 Russian oil price cap evolves from revenue squeeze to market anchor
When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia’s war machine, while avoiding a devastating oil price spike.
Stocks make recovery bid, hemmed in by weakening world economy
World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were fanned further by data showing a sharp slowdown in China.
Japan’s finance ministry to take corrective action against Mizuho – Nikkei
Japan’s finance ministry is set to take punitive action against the banking arm of Mizuho Financial Group (8411.T) over a lack of compliance with the country’s foreign exchange law, the Nikkei business daily reported late on Wednesday.
Japan’s Mizuho says to revise contingency plan for system failure after recent glitches
TOKYO (Reuters) -Mizuho Financial Group Inc will revise its contingency plan for a system failure by the end of June, the lender said on Monday, after it suffered four system glitches during a two-week period from February to March. Mizuho, Japan’s third largest lender by assets, will hold a news briefing at 0900 GMT, which […]
