BEIJING (Reuters) – China’s foreign ministry said on Thursday that all countries should work together to jointly protect global energy security. Ministry spokesperson Hua Chunying was responding to a question at a regular daily briefing on whether China would release energy reserves in response to Russia’s attack in Ukraine, which has sent oil prices surging. …
China calls on all countries to protect energy security Read More »
SEOUL (Reuters) -President Moon Jae-in said on Thursday that South Korea would join with other countries by imposing economic sanctions on Russia over its military operations in Ukraine. Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday, officials and media said, after President Vladimir Putin authorised what …
S.Korea to join economic sanctions against Russia Read More »
BEIJING (Reuters) -China has set a “reasonable” price range for the benchmark 5,500 kcal thermal coal at Qinghuangdao Port for medium- and long-term trading at 570-770 yuan ($86.98-$121.77) a tonne, the country’s state planner said on Thursday. The move comes as Beijing strives to balance the profits of coal miners and power generators after widespread …
China sets price guide for benchmark thermal coal to cool rally Read More »
BANGKOK (Reuters) – Thailand’s fiscal and monetary policy are still operating together to achieve 4% economic growth this year and ensure a full economic recovery, its finance minister said on Thursday. The central bank had forecast Southeast Asia’s second-largest economy, which expanded 1.6% last year after a 6.2% contraction in 2020, would be fully recovered …
Thai fiscal, monetary policy to help ensure full recovery in 2024 -Finance Minister Read More »
ALMATY (Reuters) – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the Russian rouble after Moscow launched attacks on Ukraine. The tenge plunged more than 6% on Thursday on the news. Earlier this week, the central bank had to intervene in …
Kazakhstan central bank hikes policy rate amid Ukraine crisis Read More »
By Sinéad Carew NEW YORK (Reuters) -Investors around the world lost their appetite for risk on Wednesday with stocks selling off and the U.S. dollar gaining ground as Ukraine declared a state of emergency amid intensifying fears of a full-scale Russian invasion. Trading in both riskier and safe-haven assets has been volatile since Russian President …
Equities sell off and U.S. dollar gains on escalating Russia/ Ukraine fears Read More »
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 »
