BEIJING (Reuters) – China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine. Total trade between China and Russia jumped 35.9% last year to a…
(Reuters) – Companies have taken action to limit, put on hold or exit business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies that have announced plans to exit Russia or to curb activities there: AUTOMAKERS Daimler Truck said it would freeze its business…
By Chen Aizhu and Alex Lawler SINGAPORE/LONDON (Reuters) – China’s purchases of Iranian oil have risen to record levels in recent months, exceeding a 2017 peak when the trade was not subject to U.S. sanctions, tanker tracking data showed. The ramping up of the purchases by the world’s top oil importer comes amid talks between…
(Reuters) -YouTube is blocking channels connected to Russian state-backed media outlets RT and Sputnik across Europe effective immediately, due to the situation in Ukraine, the company operated by Alphabet Inc’s Google, said on Tuesday. “It’ll take time for our systems to fully ramp up. Our teams continue to monitor the situation around the clock to…
By Selena Li HONG KONG (Reuters) – Asian stocks regained some composure on Tuesday as the massive selling that rocked financial markets after Russia’s invasion of Ukraine last week paused for breath, while surging crude prices supported oil exporters in the region. Global stock markets have tumbled in recent days following Russia’s invasion of Ukraine…
By Rajendra Jadhav MUMBAI (Reuters) – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia’s invasion of Ukraine. Palm oil’s record premium over rival oils could…
By Liz Hampton (Reuters) – Oil prices climbed on Tuesday as concerns over potential supply disruption amid Russia’s invasion of Ukraine outweighed talk of a coordinated global release of crude stocks to calm markets. May Brent crude futures, which began trading as prompt on Tuesday, advanced 0.9% to $98.88 by 0440 GMT. The benchmark touched…
(Reuters) – Russian manufacturing activity shrank in February as new orders fell for the first time in six months as businesses felt the impact of the COVID-19 pandemic, a survey showed on Tuesday. The Markit Purchasing Managers’ Index (PMI) fell to 48.6 in February from 51.8 in the previous month, slipping below the 50.0 mark…
BEIJING (AP) — Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities. Shanghai, Tokyo, Hong Kong and Seoul declined as President Vladimir Putin’s invasion fueled fears of global economic turmoil. Sydney gained. Wall Street’s benchmark S&P index lost 1.5% on Tuesday,…
BEIJING (AP) — Chinese manufacturing activity grew weakly in February, hampered by supply disruptions, anti-virus controls and lackluster global demand, two surveys showed Tuesday. A purchasing managers’ index issued by a Chinese business magazine, Caixin, improved to 50.4 from January’s 49.1 on a 100-point scale on which numbers above 50 show activity increasing. A separate…
