(Reuters) – Moldova plans to sue Russia’s Gazprom for failing to fulfill its obligations under a contract to supply gas, Germany’s Deutsche Welle agency cited a senior official as saying on Wednesday. “They simply ignore their obligations. And they will pay for it,” Deputy Prime Minister Andrei Spinu told the agency. (Reporting by David Ljunggren;…
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – The Biden administration plans to remove some Chinese entities from a red flag trade list, amid closer cooperation from Beijing, a U.S. official told Reuters on Wednesday. The plan to remove them from the so-called “unverified” list, which is expected to come soon, is thanks to…
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is set to vote on Wednesday on advancing rule proposals related to the handling and execution of stock orders that would represent the biggest changes to the equities markets in nearly two decades. SEC Chair Gary Gensler has said the changes would…
(Reuters) – U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 10.2 million barrels in the week ended Dec. 9 to 424.1 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.6 million-barrel drop. Crude stocks at…
By Shubham Batra and Ankika Biswas (Reuters) – Wall Street’s main stock indexes were set for a subdued open on Wednesday as investors exercised caution ahead of the much-anticipated interest rate decision by the Federal Reserve later in the day. The central bank is widely expected to hike the fed-funds rate by half a percentage…
(Reuters) – Facebook parent Meta Platforms Inc implemented more recommendations from its oversight board in the third quarter than the second, the independent body said on Wednesday. The oversight board received more than a quarter of a million appeals from Facebook and Instagram users around the world during the quarter ended Sept. 30. The panel,…
BANGKOK (Reuters) – Thailand’s economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector, the finance minister said on Wednesday. Southeast Asia’s second-largest economy can weather global uncertainties, while average inflation should come in at 6% this year, Arkhom…
BEIJING (Reuters) – China has set out plans to expand domestic demand, the state Xinhua News Agency reported on Wednesday, as the economy struggles with COVID and weakening external demand. It said the plans had been issued in recent days. (Reporting by Beijing Newsrooom; Editing by Andrew Heavens)
By Jared Higgs and Brian Ellsworth NASSAU (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to…
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Global investors, already caught off guard by China’s virus-policy U-turn, now find themselves flying blind into a chaotic post-pandemic transition, lacking proper data to track rising infections and potential threats to the economy in the months ahead. Authorities in China, where official data often confounds…
