COPENHAGEN (Reuters) -Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia’s invasion of Ukraine, the Danish firm said on Wednesday. Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port…
(Reuters) – Russian gas producer Gazprom said it was supplying natural gas to Europe via Ukraine on Wednesday in line with requests from European consumers. Requests stood at 98.4 million cubic metres (mcm) for Wednesday comparing with 98.96 mcm on Tuesday. (Reporting by Reuters; Editing by Andrew Heavens)
BRUSSELS (AP) — The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions over the war in Ukraine. European Commission President Ursula von der Leyen, addressing the European Parliament in Strasbourg, France,…
By Florence Tan (Reuters) – Oil prices bounced on Wednesday ahead of an announcement by the U.S. Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China. Brent crude futures had risen $1.46, or 1.4%, to $106.43 a barrel by 0616 GMT amid thin trading volume, with…
LONDON (Reuters) – Britain’s accounting watchdog said on Wednesday it has opened four investigations into audits by King & King of steel and aluminium companies founded by metals tycoon Sanjeev Gupta. The Financial Reporting Council said the investigations are into the financial statements of Liberty Speciality Steels Limited, Alvance British Aluminium Limited, Liberty Steel Newport…
BEIJING (AP) — Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades. Shanghai, Hong Kong, Australia and Southeast Asian markets advanced. Markets in Japan and South Korea were closed for holidays. Wall Street’s…
NEW DELHI (AP) — A much-awaited initial public offering for India’s state-run Life Insurance Corp. began this week with retail investors allowed to subscribe for its shares starting Wednesday. The IPO, expected to raise up to $2.74 billion, is India’s largest ever. Its partial listing is part of plans by Prime Minister Narendra Modi to…
COPENHAGEN (Reuters) – Danish jewellery maker Pandora reported better-than-expected sales for the first quarter on Wednesday and slightly raised its full-year sales guidance. Pandora now expects full-year organic growth to come in between 4% to 6%, versus a previous forecast of 3% to 6%, but said the forecast for 2022 was subject to “elevated uncertainty”….
By Florence Tan and Chen Aizhu SINGAPORE (Reuters) – The world’s largest independent oil trader, Vitol, loaded a cargo of Russian ESPO Blend crude for the United Arab Emirates this week, the first such voyage for the grade, data from several analytics firms showed. Suezmax tanker Kriti Breeze, chartered for $2.3 million, loaded the 740,000-barrel…
OSLO (Reuters) – Norway’s Equinor posted record pretax profits for the first quarter on Wednesday as the war in Ukraine triggered an energy supply crunch that sent the price of natural gas soaring to all-time highs. Adjusted earnings before tax rose to $18 billion in the January-March quarter, up from $5.5 billion a year earlier,…
