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…
By Makiko Yamazaki and Junko Fujita TOKYO (Reuters) – Toshiba Corp said on Tuesday Chief Executive Satoshi Tsunakawa is resigning – a sudden departure that comes after sources said internal opposition to the industrial conglomerate’s controversial restructuring plans grew. Toshhiba’s shares surged 3% on what was seen as a significant changing of the guard among…
(Reuters) – Mastercard Inc said late on Monday it had blocked multiple financial institutions from its payment network as a result of sanctions imposed on Russia over Moscow’s invasion of Ukraine. Mastercard will continue to work with regulators in coming days, the company said in a statement. It also promised to contribute a $2 million…
By Kevin Buckland TOKYO (Reuters) – The rouble tried to regain some stability on Tuesday after its crash to an all-time low, while the U.S. dollar resumed its rise against major peers as traders paused for breath amid the fast-moving Ukraine crisis. A modicum of calm has returned to currency markets since officials from Russia…
By Nidhi Verma and Nupur Anand NEW DELHI/MUMBAI (Reuters) – India’s top lender will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its invasion of Ukraine, according to a letter seen by Reuters and people familiar with the matter. “No transactions involving entities, banks, ports or vessels appearing”…
