The yuan’s the new dollar as Russia rides to the redback

The yuan’s the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov … Read more

Putin discusses West’s oil price cap with Iraqi leader – Kremlin

Putin discusses West’s oil price cap with Iraqi leader – Kremlin

Nov 24 (Reuters) – Russian President Vladimir Putin on Thursday discussed Western attempts to cap the price of Russian oil during a phone call with Mohammed Shia al-Sudani, the new Iraqi prime minister, the Kremlin said in a readout of the call. It said Putin had told Sudani that a price cap would have serious … Read more

Qatar seals 27-year LNG deal with China as competition heats up

Qatar seals 27-year LNG deal with China as competition heats up

Talks with other Chinese, European buyers ongoing -Kaabi Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as … Read more

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

BUDAPEST/PRAGUE, Nov 15 (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The extent of the disruption was not immediately clear, and came concurrent with an explosion in a village in eastern Poland … Read more

New damage to major dam near Kherson after Russian retreat -Maxar satellite

New damage to major dam near Kherson after Russian retreat -Maxar satellite

Nov 11 (Reuters) – Significant new damage to the major Nova Kakhovka dam in southern Ukraine can be seen following Russia’s withdrawal from nearby Kherson city, US satellite imagery company Maxar said on Friday. Maxar said images taken on Friday showed several bridges that cross the Dnipro river had also been damaged. Ukrainian troops were … Read more

Lula’s honeymoon with Brazil markets ends amid spending plan fears

Lula’s honeymoon with Brazil markets ends amid spending plan fears

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets looked finished on Thursday, as he pushed for more room to grow social spending without setting long-term fiscal rules or naming his top economic policymakers . Brazil’s currency and benchmark Bovespa stock index (.BVSP), which rose last week … Read more

UK to announce US gas deal after climate change summit -Telegraph

UK to announce US gas deal after climate change summit -Telegraph

Nov 7 (Reuters) – British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after the COP27 climate change summit, the Telegraph newspaper reported on Monday. Britain hopes the United States will promise about 10 billion cubic meters of liquefied natural gas (LNG) over the coming year, … Read more

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more

Ukraine conflict, sanctions set to blow hole in Russia’s finances

Ukraine conflict, sanctions set to blow hole in Russia’s finances

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine Nov 2 (Reuters) – The cost of Russia’s military mobilization and the impact of Western sanctions are set to blow a hole in the government’s budget forecasts and drain Moscow’s reserves to their lowest level in years, according … Read more

Exxon strikes oil again in Guyana with two new discoveries

Exxon strikes oil again in Guyana with two new discoveries

Oct 26 (Reuters) – Exxon Mobil Corp (XOM.N) has made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, the oil major said on Wednesday, potentially adding more barrels to one of the most closely watched new oil discoveries. Exxon did not disclose how much crude oil or gas … Read more