Russia’s rouble rebound is not as real as it seems
The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch it into freefall.
The dramatic ...
Beware of wartime fake news triggering a run, EU banks told
Banks should beware of fake news that could trigger a run on their deposits, the European Union’s banking watchdog said in a warning on Friday about potential fallout from ...
Europe’s appetite for US gas fast-tracks two new LNG projects
Two US liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives up demand and prices for ...
A cash-strapped Venezuela leans on scrap exports to raise hard currency
On the outskirts of the eastern Venezuelan port town of Guanta, hundreds of trucks line up everyday to unload tons of scrap metal, part of the government’s attempt to ...
Europe pursues unified Russian gas payment response as supply threat eases
European governments and companies were working on Friday on a common approach to President Vladimir Putin’s demand that they pay for Russian gas in roubles as the threat of ...
European hydrogen development and opportunities
The war in Ukraine has made the security of energy supply a top priority, increasing pressure in Europe to accelerate the transition to cleaner fuels, including hydrogen. This was one ...
Dollar rises ahead of payrolls, euro edges lower
The dollar extended a rebound versus major peers on Friday ahead of a key US jobs report that could help the Federal Reserve decide whether to make an interest rate ...
Banks tell Britain that curb on all Russian savers won’t work
Banks in Britain have warned the government that a plan to ban all Russians from holding more than 50,000 pounds ($65,430) in their accounts is illegal and unworkable, five sources said.
When ...
Russia eases some curbs on transferring money abroad
Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period.
The bank said the measures, which raise an earlier ...
IEA to hold emergency meeting to tackle soaring oil prices
The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to ...
IMF warns Russia sanctions threaten to chip away at dollar dominance
Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the US dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s First ...
European stocks set for biggest quarterly drop since 2020
European stocks were little changed on Thursday, holding near recent one-month highs but set for the biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine ...
Britain should strictly regulate “fire risk” e-scooters, insurers say
Britain should place stringent regulations on electric scooters if their legal use is widened beyond current government trials, given the number of injuries from illegal vehicles and fire risks from ...
Apple mulls more memory chip suppliers, including China
Apple Inc (AAPL.O) is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, ...
Ronin’s $615 million crypto heist
Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to popular online game Axie Infinity, the latest cyberheist to hit the digital asset sector.
Ronin, a blockchain ...
All Russia’s big exports could soon be in roubles, Kremlin signals
The Kremlin indicated on Wednesday that all of Russia’s energy and commodity exports could be priced in roubles, toughening President Vladimir Putin’s attempt to make the West feel ...
Facebook advertisers can pursue class action over ad rates
A US judge ruled on Tuesday that a lawsuit accusing Meta Platforms Inc’s (FB.O) Facebook of deceiving advertisers about its “potential reach” tool can proceed as a class ...
US stock rally defies economic unease
As a stunning rebound in US stocks charges on, investors are questioning how long the surge can continue in the face of a hawkish Federal Reserve, warnings of recession from ...
Saudi Arabia deposits $5 billion in Egypt’s central bank
Saudi Arabia has deposited $5 billion in Egypt’s central bank, the Saudi state news agency reported on Wednesday, as the Egyptian economy faces new economic pressures as a result of ...
Cracks widen in euro zone economy as war in Ukraine rages on
Europe’s economy is increasingly strained by Russia’s war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on Wednesday.
Sanctions ...
World Bank chief says Gulf producers role critical in dampening oil volatility
The World Bank president said on Wednesday Gulf oil producers could play a key role in dampening oil and gas price volatility in the coming months.
Several consuming nations have ...
In China’s Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown
More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai’s Lujiazui district as they bid to keep China’s giant financial hub ticking over ...
What happens if Russia turns off gas flows to Germany?
Russia’s demand that some buyers pay for its gas in roubles has raised concerns in Germany, which relies on Russian fuel, that the payment dispute could escalate and disrupt ...
Lockheed Martin takes big step toward winning Canada jet race
Canada has picked Lockheed Martin Corp (LMT.N) as the preferred bidder to supply 88 new fighter jets, Procurement Minister Filomena Tassi said Monday, in a clear sign the US company ...