By Laura Sanicola (Reuters) -Oil prices turned negative on Wednesday, after rising earlier on reports that Ukraine’s government, foreign ministry and state security service were affected by a cyberattack. Brent crude fell 11, or 0.3%, to $91.80 a barrel at 1:05 p.m. EDT (1805 GMT), after hitting $99.50 on Tuesday, the highest since September 2014. …
Oil price turns negative in response to Ukraine uncertainty Read More »
By Luc Cohen NEW YORK (Reuters) – The trial of a former Goldman Sachs banker accused of helping loot Malaysia’s 1MDB sovereign wealth fund will be paused due to late disclosure of some evidence by prosecutors to the defense, the judge in the case ruled on Wednesday. Roger Ng, Goldman’s former head of investment banking …
Ex-Goldman banker’s 1MDB corruption trial hits snag over evidence disclosure Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka paid $35 million for a diesel shipment on Wednesday and has another large payment due this week, an official said, as the country struggled to import fuel for power generation and to keep its transport system running amid dwindling foreign exchange reserves. Residents in the island nation of …
Sri Lanka pays for fuel imports as crisis leaves pumps dry, causes power cuts Read More »
By Ruma Paul DHAKA (Reuters) -Bangladesh will award a contract to the Asian unit of trading house Vitol to supply a cargo of liquefied natural gas (LNG) for mid-March delivery at $29.70/mmbtu, two officials with direct knowledge of the matter said on Wednesday. High gas prices are hitting countries such as Bangladesh hard as they …
Bangladesh to award LNG supply contract to Vitol, officials say Read More »
MEXICO CITY (Reuters) – Executives for London-based HSBC, which controls one of the largest banking operations in Mexico, have told investors the chain is not interested in buying out Citigroup’s consumer bank in the country, known as Banamex. “No, we’re not looking to acquire in Mexico,” Group Chief Executive Noel Quinn said in a call …
HSBC ‘not looking to acquire’ Citi’s Mexico consumer bank Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar was little changed in choppy trading on Wednesday as investors digested the latest developments in the Ukrainian crisis after a host of countries announced sanctions against Russia for ordering troops into separatist regions of its neighbor. The United States and allies unveiled more sanctions against …
Dollar flat in choppy trade with focus on Ukraine; Kiwi climbs on central bank hike Read More »
By Tommy Wilkes LONDON (Reuters) – Emerging market borrowing led by China inflated the global debt mountain to a record $303 trillion in 2021, although the global debt-to-GDP ratio improved as developed economies rebounded, the Institute of International Finance said on Wednesday. The $10 trillion rise in the global debt pile was down from the …
Emerging markets drive global debt to record $303 trillion – IIF Read More »
MILAN (Reuters) – Italian luxury yacht maker Ferretti is aiming to list in Hong Kong at the end of March through an initial public offering that could be worth between $400 million and $500 million, three people close to the matter said on Wednesday. The group, which is controlled by Chinese conglomerate Weichai Group, is …
Italy’s Ferretti readies end-March Hong Kong listing – sources Read More »
By Brenda Goh SHANGHAI (Reuters) -Third-quarter profit jumped 62% to an all-time high of $640 million at China’s Lenovo Group, the world’s biggest maker of personal computers said on Wednesday, as the growing popularity of hybrid work arrangements boosts demand for PCs. Revenue for the quarter ended Dec. 31 rose 17% to $20.1 billion, also …
Hybrid work trend drives PC maker Lenovo’s Q3 profit to record high Read More »
(Reuters) – The United Arab Emirates plans to order 12 L-15 light attack planes from China, with the option of purchasing 36 more, the UAE state news agency WAM reported on Wednesday. The purchase is part of the oil-rich Gulf state’s efforts to diversify weapon suppliers, it said, citing a defence ministry statement. The UAE …
UAE to order 12 L-15 planes from China as it diversify suppliers – news agency Read More »
