By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose 2% on Friday but notched their second straight weekly decline after countries announced plans to release crude from their strategic stocks. Brent crude futures settled up $2.20, or 2.19%, at $102.78 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $2.23 to $98.26. For the week, …
Oil prices settle up 2%, post weekly loss on stockpile releases Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar index on Friday posted its largest weekly percentage gain in a month, supported by the prospect of a more aggressive pace of Federal Reserve tightening to curb soaring inflation. The index also advanced to 100 for the first time in nearly two years. It rose …
U.S. dollar posts largest weekly gain in one month on hawkish Fed messages Read More »
By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) – Munich Re is planning new wordings in cyber insurance policies to exclude war, to avoid disputes over what is covered, the reinsurer’s top cyber underwriter told Reuters. Russia’s invasion of Ukraine has raised fears of cyber attacks, with the risk that Western businesses or government …
Munich Re tightens up cyber insurance policies to exclude war Read More »
By Dawn Chmielewski (Reuters) – As David Zaslav prepares to take over as head of Hollywood’s new powerhouse, the soon-to-be formed Warner Bros Discovery, he’ll confront a challenge few anticipated last May, when the $43 billion merger of WarnerMedia and Discovery Inc was announced — how to make streaming video as profitable as the old …
Analysis: Warner Bros Discovery’s Zaslav takes over as streaming bubble bursts Read More »
(Reuters) -Japanese automaker Mitsubishi Motors said on Friday it had stopped production at a Russian van plant in Kaluga that it owns with Stellantis until further notice, joining other major carmakers that have halted operations in Russia. “Due to the logistical difficulties, vehicle exports and parts supply to Russia have been suspended since March,” Mitsubishi …
Mitsubishi halts production at Russian plant it co-runs with Stellantis Read More »
By Muyu Xu and Dominique Patton BEIJING (Reuters) – China, the world’s top coal importer, may cut imports by up to 30% this year as domestic output holds at record levels and strong demand for non-Russian supplies keeps import prices above those in the local market, industry sources said. The drop in China’s coal imports …
China coal importers to cut purchases amid record domestic output Read More »
By Phuong Nguyen HAIPHONG (Reuters) -Vietnamese automaker VinFast said on Thursday its Singapore-based holding company had filed for an initial public offering (IPO) with U.S. securities regulators, as it plans spending of $4 billion on its first U.S. factory complex. VinFast, which became the first fully fledged domestic car maker in 2019, is betting big …
Vietnam automaker VinFast files for U.S. IPO to fund expansion Read More »
TAIPEI (Reuters) – Taiwan’s exports rose for a 21st straight month in March to a new record in line with forecasts, boosted by continued strong tech demand, though the government warned of continued supply chain uncertainty and the effect of the war in Ukraine. Exports last month jumped 21.3% from a year earlier to $43.5 …
Taiwan March exports hit new record, Ukraine war clouds outlook Read More »
(Reuters) – Sibur, Russia’s largest petrochemical producer, said on Friday that it needed to revise its strategy for developing the Amur Gas Chemical Complex with its Chinese partner Sinopec, and that a decision on the matter would be made soon. Sources told Reuters in March that the state-run Sinopec Group had suspended talks on a …
Russia’s Sibur to revise strategy on joint gas project with Sinopec Read More »
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Taiwan’s spy catchers have launched probes into around 100 Chinese companies suspected of illegally poaching semiconductor engineers and other tech talent, a senior official at the island’s Investigation Bureau told Reuters. That comes on top of seven prosecuted since the start of last year and includes 27 …
‘Tip of the iceberg’: Taiwan’s spy catchers hunt Chinese poachers of chip talent Read More »
