BEIJING (AP) — Asian stocks rebounded Wednesday after Wall Street declined and Chinese inflation edged higher. Already high oil prices rose further, adding more than $2 per barrel following President Joe Biden’s ban on imports of Russian crude. Stock benchmarks in Tokyo and Sydney rose while Shanghai and Hong Kong declined. South Korean markets were…
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin’s been known to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the precipice of World War 3? That could be down to the new HODLers, in part. Young retail investors…
By Noah Browning and Stephanie Kelly LONDON (Reuters) – Sky-high oil prices resulting from a potential Russian oil import ban could force governments to pour more cash into fossil fuel subsidies to shield consumers from rising energy bills, rather than use the money to fight climate change. Even before Russia’s invasion of Ukraine, rising…
TOKYO (Reuters) – Activist fund Oasis Management Co unveiled a month-long initiative on Tuesday to sponsor board-director training courses in Japan for qualified women, as many Japanese companies struggle to find female directors to diversify their boards. Hong Kong-based Oasis said it will pay all costs this month for qualified women who enrol for director…
By Jamie Freed (Reuters) – Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea. Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot, S7…
SHANGHAI (Reuters) – U.S.-based businesses reported more pessimism about operating in China due to bilateral tensions, ongoing COVID-19 curbs, regulatory restrictions and a slowing economy, a survey from the American Chamber of Commerce showed on Tuesday. Optimism toward domestic market growth dropped 11 percentage points from the previous year, according to the Chamber’s report, based…
PARIS (Reuters) – European planemaker Airbus chose the Australian miner Fortescue Metals Group Ltd’s hydrogen unit to help it reduce CO2 emissions from flying, Fortescue Future Industries (FFI) said in a statement on Tuesday. The move, marked by the signing of a Memorandum of Understanding, reflected the companies’ “shared ambition … to support the entry-into-service…
By Liz Hampton and Arathy Somasekhar HOUSTON (Reuters) – Officials from the Organization of the Petroleum Exporting Countries (OPEC) met U.S. shale oil company executives on the sidelines of the CERAWeek conference in Houston on Monday as energy prices soared over supply concerns. It was at least the fourth time since 2017 that U.S. shale…
TOKYO (Reuters) – Japan has frozen the assets of an additional 32 Russian and Belarusian officials and oligarchs following the invasion of Ukraine, the Ministry of Finance announced on Tuesday. The newly added sanctions target 20 Russians including deputy chiefs of staff for President Vladamir Putin’s administration, deputy chairmen of the state parliament, the head…
By Sonali Paul MELBOURNE (Reuters) – Oil prices see-sawed near 14-year highs on Tuesday as the United States considered acting alone to ban Russian oil imports rather than teaming up with allies in Europe, easing concerns of a wider disruption to crude supplies. Brent crude futures were up $1.06, or 0.9%, at $124.27 a barrel…
