(Reuters) – Russian President Vladimir Putin presided over the launch of a major new Siberian gas field on Wednesday to help drive a planned surge in supply to China. The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic metres, it…
By Jared Higgs and Maria Alejandra Cardona NASSAU (Reuters) – Proceedings are set to resume on Wednesday in Sam Bankman-Fried’s Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Federal prosecutors in Manhattan last week charged…
By Shadia Nasralla LONDON (Reuters) -Oil prices rose on Wednesday after data suggested a larger than expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up 93 cents, or 1.15%, at $80.92…
By Alexander Marrow MOSCOW (Reuters) -The rouble plunged to its weakest level since early May past 70 against the dollar on Wednesday, taking its monthly losses to almost 14% as fears over sanctions on Russian oil and gas spooked the market. By 0939 GMT, the rouble was down 2.5% against the dollar at 70.60, after…
By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips said on Wednesday independent tests on its respiratory devices involved in a major global recall had shown limited health risks. The company rocked investors last year by recalling millions of breathing devices and ventilators used to treat sleep apnea, because foam used to dampen…
(Reuters) – Billionaire Elon Musk said on Tuesday he will step down as chief executive of Twitter Inc once he finds a replacement, but will still run some key divisions of the social media platform. “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I…
MOSCOW (Reuters) – The rouble plunged to its weakest level since early May past 70 against the dollar in early trade on Wednesday, extending weekly losses with fears over sanctions on Russian oil and gas spooking the market. At 0608 GMT, the rouble was down 1.9% against the dollar at 70.20, after hitting 70.6775 earlier….
PARIS (Reuters) -The European Commission said on Tuesday it had approved Germany’s 34.5 billion euro ($36.60 billion) plan to recapitalise German natural gas trader Uniper, subject to future state divestment, management pay and acquisitions. The plan complies with EU state aid rules on the necessity, appropriateness and size of the intervention, the Commission said in…
By Laila Kearney and Isabel Kua SINGAPORE (Reuters) -Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China. Brent crude futures rose 7 cents, or 0.1%, to $80.06 per barrel by 0404 GMT, while U.S. West Texas Intermediate (WTI)…
By Byron Kaye SYDNEY (Reuters) – Australia’s antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country’s No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle over access to four million customers. In a deal announced in May, Telstra Group was to buy spectrum –…
