TOKYO (Reuters) – Japanese trading firm Mitsui & Co is close to making a final decision to join a new Russian operator for the Sakhalin-2 liquefied natural gas (LNG) project, the Nikkei newspaper said, without citing sources. Registered on Aug. 5, the new entity replaces project operator Sakhalin Energy as Moscow rewrites the rules for …
Japan’s Mitsui nears decision to join new Sakhalin-2 operator -Nikkei Read More »
By Chen Aizhu (Reuters) – Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia …
Russia is China’s top oil supplier for 3rd mth in July- customs data Read More »
SINGAPORE (Reuters) – China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Russian cargoes over its invasion of Ukraine. China brought in 7.42 million tonnes of coal from Russia last month, data from the …
China’s July Russian coal imports hit 5-yr high as West shuns Moscow Read More »
BEIJING (Reuters) -A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted …
China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion Read More »
(Reuters) -The International Monetary Fund said it will need “adequate assurances” from Sri Lanka’s creditors for a new program as it prepares a visit to Colombo later this month. The goal of the visit is to make progress on a staff-level agreement for an aid package “in the near term,” to help the island nation …
IMF eyes creditor assurances as it prepares Sri Lanka visit Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at $96.72 a barrel, gaining 13 cents. U.S. West Texas Intermediate crude ended 27 cents higher at $90.77. Both benchmarks …
Oil prices down 1.5% for the week on recession jitters Read More »
By Lawrence Delevingne (Reuters) -U.S. stocks fell and the dollar rose on Friday, even as Treasury yields gained, with traders anxious about inflation and what the Federal Reserve will do to combat it. With higher rates looming, large technology stocks such as Amazon.com Inc and Alphabet Inc fell more than 2%. Major banks such as …
Wall Street pushes stocks down, dollar up on Fed hike fears Read More »
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index hit a five-week high and posted its biggest weekly gain since April 2020 on Friday as investors adjusted for the likelihood that the Federal Reserve will keep hiking rates to battle inflation. The U.S. central bank needs to keep raising borrowing costs to tame …
Dollar driven to five-week high by Fed rate hike forecasts Read More »
By Martin Quin Pollard and Eduardo Baptista BEIJING (Reuters) -China’s cyberspace watchdog wants to build an “affectionate” relationship between internet enterprises and the government, a senior official said, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown. Niu Yibing, vice minister of the Cyberspace Administration of China …
China’s cyber watchdog tries to assuage concerns of internet firms Read More »
BEIJING (Reuters) – China’s Miniso Group has apologised for promoting itself as a Japanese-style brand and said it would make changes across its stores to rectify this, becoming the latest retailer to respond to a surge in patriotism among Chinese shoppers. The company, which has over 5,000 stores in China and abroad, has for years …
Chinese retailer Miniso to ditch Japanese styling after backlash Read More »
