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Explainer: Europe’s banks fear payment system could be casualty of Russia-Ukraine crisis

Amid fears of a Russian invasion of Ukraine, Italy's UniCredit has backed out of a potential acquisition in Russia and…

4 years ago

EXCLUSIVE U.S. weighs Chevron request to take Venezuela oil for debt payments -sources

The Biden administration is considering a Chevron Corp (CVX.N) proposal to allow the U.S. oil major to accept and trade…

4 years ago

EXCLUSIVE ECB’s Kazaks says July rate hike is unlikely

The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main…

4 years ago

U.S. airline group warns 5G interference issues could linger for years

It will likely take "years" to permanently address airplane interference issues caused by the deployment of 5G wireless in the…

4 years ago

Oil rises on geopolitical risks, supply shortage

Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices…

4 years ago

U.S. economy likely regained steam in Q4, 2021 growth seen best in 37 years

U.S. economic growth likely accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods,…

4 years ago

S.Korea’s GDP growth climbs to 11-year high, but recovery uneven

South Korea's economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and…

4 years ago

Analysis: With Evergrande debt relief deal, China signals stability trumps austerity

If this week's developments at China's most indebted property developer are anything to go by, 2022 might see Beijing soften…

4 years ago

Analysis: Argentina’s strategy toward IMF deal hits a wall of doubt

Argentina's insistence on its deficit spending plan is putting it on a fresh collision course with the International Monetary Fund,…

4 years ago

Analysis: New Xinjiang chief expected to maintain policies, boost economic focus

China's change of leadership in Xinjiang could indicate greater emphasis on economic development in the region, experts said, although its…

4 years ago