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 Austria’s Raiffeisen Bank International has set aside risk provisions for possible sanctions on Russia.
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 Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said.
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 interest rate in July as investors are expecting, ECB policymaker Martins Kazaks told Reuters.
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 C-band, a group representing major U.S. passenger and cargo carriers will tell U.S. lawmakers on Thursday.
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 on track for their biggest monthly gain in almost a year.
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, helping the nation to log its best performance in nearly four decades in 2021.
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 construction activity, tempering declines in capital investment and a slow recovery in the coronavirus-hit service sectors.
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 its attempts to purge the sector and make more allowances for economic stability.
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, though analysts predict the country will be forced to change tack and clinch a deal to avoid a bigger crisis.
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 security crackdown targeting minority Muslims is unlikely to see a significant change in direction.
