Nervous staff and no bankers: Western companies struggle to leave Russia

HELSINKI, July 4 (Reuters) – For foreign companies still unsure what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a stark warning: move quickly or else. Companies have struggled with how to exit in a way that limits the financial impact, does not put … Read more

Analysis: China casts giant shadow over emerging countries’ pursuit of debt relief

A Chinese flag flies in front of the Chinese Foreign Ministry in Beijing, China February 24, 2022. REUTERS/Carlos Garcia Rawlins Join now for FREE unlimited access to Register Poorest countries to pay $35 billion in debt service in 2022 – World Bank Opacity, plethora of Chinese lenders to slow debt overhaul Common G20 framework … Read more

EXCLUSIVE Ukraine asks Turkey to detain Russian-flagged vessel carrying Ukrainian grain

Workers store grain at a terminal during the barley harvest in the Odessa region, as Russia’s attack on Ukraine continues, Ukraine June 23, 2022. REUTERS/Igor Tkachenko Join now for FREE unlimited access to Register Ukraine says ship is involved in illegal grain export Kahakh-based owner says vessel chartered by Russian company The Kremlin previously … Read more

Column: The Global Economic Cycle Begins to Slow: Kemp

An aerial view shows containers and cargo ships at the port of Qingdao in Shandong province, China May 9, 2022. China Daily via REUTERS Join now for FREE unlimited access to Register LONDON, June 30 (Reuters) – Global manufacturing activity and freight movements have started to slow as major economies slump under the combined … Read more

H1 markets: The almost perfect storm

MSCI global stocks fell the most in the first half since the index was created Deutsche Bank estimates worst for Treasuries since 1788 Commodity bulls lifted oil 50% and gas 60% Yen Takes Blows as Dollar Rises High LONDON, June 30 (Reuters) – Investors knew that after two years of COVID-19 chaos, 2022 would be … Read more

Column: The Oil Market Faces U.S. and European Policymakers with Unpleasant Choices: Kemp

LONDON, June 29 (Reuters) – With global inventories steadily falling and spare capacity eroding, the oil market looks like a geological fault line in which stress is quietly accumulating and will eventually be eased by an earthquake. to an as yet unknown magnitude. The most likely stress relief will come from a deceleration in oil … Read more

Explained: How a massive options trade by a JP Morgan fund can move the markets

NEW YORK, June 28 (Reuters) – A nearly $17 billion JP Morgan fund is expected to reset its options positions on Thursday, which could increase stock volatility at the end of a dismal first half for stocks. Analysts say the JPMorgan Hedged Equity Fund reset rocked markets in the final hours of last quarter and … Read more

Breakingviews: Germany’s gas action plan fires its shots

Pressure gauges are seen at Zsana’s storage site in Zsana, Hungary, May 20, 2022. REUTERS/Bernadett Szabo Join now for FREE unlimited access to Register LONDON, June 24 (Reuters Breakingviews) – Germany is facing a sudden acceleration of its gas crisis. A 60% drop in Russian supplies since early June threatens to plunge Europe’s largest … Read more

Cisco and Nike quit Russia, as pace of Western company departures quickens

Cisco and Nike join MacDonald’s and Renault in quitting A new Russian law could encourage more foreign companies to set up shop ‘Trickle is becoming a torrent,’ says analyst June 23 (Reuters) – U.S. companies Cisco Systems (CSCO.O) and Nike (NKE.N) are considering exiting Russia altogether, the two companies told Reuters on Thursday, as the … Read more

Analysis: Record number of Chinese graduates enter worst job market in decades

10.8 million Chinese graduates to enter labor market in weak economy Youth unemployment at 18.4%, 3 times higher than the overall rate The employment of graduates is a top government priority in the face of stability risks BEIJING, June 23 (Reuters) – Jenny Bai was among the top 10 computer science students from different Chinese … Read more