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 Reuters.com Register Ukraine says ship is involved in illegal grain export Kahakh-based owner says vessel chartered by Russian company The Kremlin previously … Read more

Russia takes control of the Sakhalin gas project and increases its stakes with the West

Putin signed a decree on Thursday to guarantee all rights Five-page executive order follows tougher Western sanctions This decision increases the risks for Western companies still in Russia Shell was already in talks to sell its stake in Sakhalin TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has upped the ante in an economic war … 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

Businesses cut spending and jobs as outlook becomes less certain

June 29 (Reuters) – Executives at electric car marker Tesla, drugmaker Novartis and retailer Bed Bath and Beyond cut spending or jobs while others put projects or deals on hold as inflation hits rage and that confidence in the global economy is diminishing. Manufacturing growth is slowing around the world as China’s COVID-19 curbs and … Read more

Dollar retreats as markets rethink Fed rate bets, eye ECB hikes

U.S. dollar banknotes are displayed in this illustration taken February 14, 2022. REUTERS/Dado Ruvic Join now for FREE unlimited access to Reuters.com Register US rate hike bets reduce aggressive Fed tightening path Investors watch the annual ECB forum in Sintra Markets on the lookout for Eurozone price data later in the week WASHINGTON, June 27 … Read more

Russia slides into default as payment deadline expires

The Spasskaya tower clock showing the time at noon, is pictured next to the Moscow Kremlin and Saint Basil’s Cathedral, March 31, 2020. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register Grace period expires on $100 million interest payment due May 27 Russia says it has funds to pay, sanctions are to … Read more

Read market tea leaves for global recession risks

A Wall Street sign in front of the New York Stock Exchange in New York, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri//File Photo Join now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) – The fastest rate hike cycle in decades and inflation near double digits have prompted investors to scan … 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 Reuters.com 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