China to remove hurdle to Sino-US audit cooperation

China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-US cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes.
3 April 2022, 18:00 PM

Baltic states stop Russian gas imports

The head of Latvia’s natural gas storage operator said Saturday the Baltic states were no longer importing Russian natural gas.
3 April 2022, 18:00 PM

US labour market nears full recovery

The US labour market has almost recovered from the mass joblessness caused by the pandemic, adding hundreds of thousands of positions last month and sending the unemployment rate nearly to where it was before Covid-19 broke out nationwide.
3 April 2022, 18:00 PM

India supplies rice to Sri Lanka in first food aid

Indian traders have started loading 40,000 tonnes of rice for prompt shipment to Sri Lanka in the first major food aid since Colombo secured a credit line from New Delhi, two officials told Reuters on Saturday.
2 April 2022, 18:00 PM

In Russia-Europe gas standoff, both sides lose

Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges “unfriendly” unless they pay in roubles.
2 April 2022, 18:00 PM

Iraq oil exports $11b in March, highest in 50 years

Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia’s invasion of Ukraine, the oil ministry said.
2 April 2022, 18:00 PM

India, Australia ink interim trade deal

India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.
2 April 2022, 18:00 PM

Will Biden’s plan to tap US oil reserves cut gasoline prices?

Citing the need to counteract the  “Putin price hike” following Russia’s invasion of Ukraine, President Biden has announced a sweeping plan to make unprecedented use of US emergency oil stockpiles.
2 April 2022, 18:00 PM

Russia-Ukraine war: Inflation in 19 euro-using countries sees record 7.5% rise

Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates.
1 April 2022, 12:21 PM

Central Asian migrants eye Russia exit amid economic pain

Weeks after returning from Russia amid sanctions triggered by Moscow’s invasion of Ukraine, Emomali Safarov has swapped construction tools for a video camera and his old low-paid journalism job in Tajikistan’s capital Dushanbe.
31 March 2022, 18:00 PM

Sri Lanka runs out of diesel

Diesel was no longer on sale across Sri Lanka on Thursday, crippling transport as the crisis-hit country’s 22 million people endure record-long power blackouts.
31 March 2022, 18:00 PM

Opec+ sticks to modest oil output increase

The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices.
31 March 2022, 18:00 PM

Oil rebounds on tight supply

Oil prices clawed back heavy losses to rise more than 2 per cent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv.
30 March 2022, 18:00 PM

Find roubles if you want Russian oil

Russia’s top lawmaker warned the European Union on Wednesday that if it wanted Russian natural gas then it would have to pay in roubles, and cautioned that oil, grain, metals, fertiliser, coal and timber exports could also soon be priced the same way.
30 March 2022, 18:00 PM

After bombarded with sanctions, Russia says future exports could be in roubles

The Kremlin indicated on Wednesday that all of Russia's energy and commodity exports could be priced in roubles, toughening President Vladimir Putin's attempt to make the West feel the pain of the sanctions it imposed for the invasion of Ukraine.
30 March 2022, 13:47 PM

Russia insists on rouble payments for gas

Russia reiterated Tuesday that it will only be accepting payment for gas deliveries to the EU in roubles after G7 ministers called this arrangement  “unacceptable”.
29 March 2022, 18:00 PM

Rouble hits one-month high against dollar

The Russian rouble strengthened to a more than one-month high in Moscow trade on Tuesday, firming past 88 to the dollar, while stocks regained some ground in the fourth session since trading resumed after a near month-long suspension.
29 March 2022, 18:00 PM

As Ukraine sowing season starts, fuel crisis threatens food supply

In an endless field in southwest Ukraine, farmers began to plant sunflower seeds at the start of the sowing season, but a fuel shortage threatens production in the war-torn country, whose land feeds millions around the world.
29 March 2022, 18:00 PM

UAE, Saudi say Opec+ should not play politics

The energy ministers of Saudia Arabia and the United Arab Emirates, key members of Opec+, said on Tuesday the producers’ group should not engage in politics as pressure mounted on them to take action against Russia over its invasion of Ukraine.
29 March 2022, 18:00 PM

Russian supply chains next in line for sanctions

The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of Ukraine, including supply chains, Deputy US Treasury Secretary Wally Adeyemo said on Tuesday.
29 March 2022, 18:00 PM