Article content MOSCOW — Russia’s pipeline monopoly Transneft said on Friday that payment for oil transit to the Czech Republic has reached the bank and that confirmation from Ukraine is expected, Russian state-owned news agency RIA reported. Ukraine on Aug. 4 suspended transit shipments to Europe after Western sanctions on Russia prevented it from receiving […]
Article content TOKYO — Japan’s Mazda Motor Corp said on Friday it would ask its parts suppliers to increase stockpiles in Japan and produce components outside China after COVID-19 lockdowns in Shanghai destabilized supply and hampered production. The request from the Hiroshima-based automaker underscores the vulnerability of sprawling supply chains that have been tested by […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Aditya Kalra Article content NEW DELHI — Google has grave reservations about developing a self-regulatory body for the social media sector in India to hear user complaints, though the proposal has support from Facebook and Twitter, sources with knowledge of the discussions told […]
Article content SINGAPORE — Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand. Brent crude futures dipped 7 cents, or 0.1%, to $97.33 a barrel by 0642 GMT, while U.S. West Texas Intermediate crude […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Pavel Polityuk Article content KYIV — Russia is attacking scores of civilian and military targets in its bid to establish full control over the east Ukraine regions of Luhansk and Donetsk, with 120 rockets hitting the area around the town of Nikopol overnight, Ukrainian officials […]
Article content LONDON — Demand for currency derivatives has shot up this year, data from CME Group showed on Wednesday, in a sign investors are positioning for hefty interest rate hikes from the U.S. Federal Reserve and other big central banks. “Open interest” — the number of outstanding futures and options — was at $272.5 […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jake Spring and Gloria Dickie Article content Brazil vowed last year to halt deforestation by 2030, yet the number of fires burning in the country’s Amazon rainforest hit a 15-year high in June. Burning season began last month and the rate of forest clearing remains […]
Article content Former U.S. President Donald Trump indicated he would testify on Wednesday in a New York investigation by the state’s attorney general into his family’s business practices, with the possible testimony coming amid a flurry of legal woes for him. New York State Attorney General Letitia James is conducting a civil investigation examining whether […]
Article content MUMBAI — Indian Oil Corp plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday. The state-run oil marketing company will offer a yield of 5.78% on these notes, and it has received commitments worth around 5 billion rupees ($62.92 million)so far, the bankers said. The […]
Article content SEOUL — At least eight people died in and around the South Korean capital of Seoul overnight, authorities said on Tuesday, after torrential rain knocked out power, caused landslides and left roads and subways submerged. The southern part of Seoul received more than 100mm (3.9 inches) of rain per hour on late Monday, […]