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

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a “disruptive” China while working with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined C$2.6 billion ($1.9 billion) spending, including to boost Canada’s military presence and cyber security in the … 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

Canada’s spy agency investigating Iranian death threats

Canada’s spy agency investigating Iranian death threats

OTTAWA, Nov 19 (Reuters) – Canada’s spy agency is investigating reports from people who are living in the country who have received “credible” death threats from Iran, the Canadian Security Intelligence Service (CSIS) said in a statement. The threats are “designed to silence those who speak out publicly” against Iran, the statement said. CSIS is … Read more

China says Xi was not criticizing Trudeau in meeting at G20

China says Xi was not criticizing Trudeau in meeting at G20

BEIJING, Nov 17 (Reuters) – China’s foreign ministry on Thursday said Chinese President Xi Jinping was not criticizing Canadian Prime Minister Justin Trudeau, a day after Xi was seen confronting him at the G20 summit over alleged leaks from a meeting they held. Chinese foreign ministry spokesperson Mao Ning told a regular media briefing that … Read more

Russia’s war on Ukraine latest news: Zelenskiy welcomes US-China statements on nuclear threats

Russia’s war on Ukraine latest news: Zelenskiy welcomes US-China statements on nuclear threats

Nov 15 (Reuters) – Ukrainian President Zelenskiy said he welcomed statements from the United States and China at meetings in Asia on the inadmissibility of threats to use nuclear weapons. * US President Biden and Chinese President Xi agreed that nuclear war must never be fought, according to the White House, and opposed the threat … 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

Xi, Scholz warn against ‘irresponsible’ nuclear threats over Ukraine

Xi, Scholz warn against ‘irresponsible’ nuclear threats over Ukraine

Scholz is first G7 leader to visit Beijing since pandemic Trip tests waters between China, West as tensions simmer Xi says China and Germany must work together Scholz: China has responsibility to help end Ukraine war BioNTech vaccine gains limited access to China BEIJING, Nov 4 (Reuters) – Chinese President Xi Jinping and German Chancellor … Read more