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

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

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

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

Western officials finalizing plans for Russia oil-price cap

Western officials finalizing plans for Russia oil-price cap

WASHINGTON, Oct 26 (Reuters) – US and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective. Officials said no price range has been decided yet, however one person familiar with … Read more

US charges Russians for shipping military equipment, Venezuelan oil

US charges Russians for shipping military equipment, Venezuelan oil

Russians used German company to ship items -prosecutors Some components found on Ukraine battlefield -prosecutors German company also traded Venezuelan oil -prosecutors NEW YORK/WASHINGTON, Oct 19 (Reuters) – US prosecutors on Wednesday charged five Russian nationals for sanctions evasion and other violations related to shipping military technologies bought from US manufacturers to Russian buyers, some … Read more

Exclusive: Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’

Exclusive: Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’

HOUSTON, Oct 17 (Reuters) – Exxon Mobil Corp (XOM.N) said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project . Exxon did not say if it received any compensation for the assets, … Read more

Gazprom: NATO mine destroyer was found at Nord Stream 1 in 2015

Gazprom: NATO mine destroyer was found at Nord Stream 1 in 2015

MOSCOW, Oct 10 (Reuters) – A spokesperson for Russian energy giant Gazprom (GAZP.MM) said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO. Nord Stream reported on that date in 2015 that a “munitions object” had been cleared by the Swedish armed forces, without … Read more

EXCLUSIVE US Navy jet flew across Baltic hours after Nord Stream burst

EXCLUSIVE US Navy jet flew across Baltic hours after Nord Stream burst

Tracking data shows jet flew near site of Nord Stream 2 hours after first damage US navy confirmed it was an American aircraft Says flight was routine OSLO/PARIS/WASHINGTON, Oct 7 (Reuters) – A US Navy reconnaissance aircraft flew near the site of the ruptured Nord Stream 2 pipeline in the Baltic Sea hours after the … Read more

New premier in Canada’s oil-rich Alberta set to defy Trudeau

New premier in Canada’s oil-rich Alberta set to defy Trudeau

Oct 7 (Reuters) – Alberta’s incoming premier has set the stage for a showdown with Canada’s federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau. Danielle Smith, 51, was chosen by members to lead Alberta’s ruling United Conservative Party … Read more