AU

Ukraine and partners launch $150m grain export plan to help vulnerable countries

Ukraine and partners launch $150m grain export plan to help vulnerable countries

International leaders attend the summit in person The summit coincides with the Stalin-era famine memorial The initiative adds to the UN export plan KYIV, Nov 26 (Reuters) – Ukrainian President Volodymyr Zelenskiy held a summit with allied nations in Kyiv on Saturday to launch a plan to export $150 million of grain to countries most …

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Dollar gains as China COVID concerns spur safe-haven buying

Dollar gains as China COVID concerns spur safe-haven buying

SINGAPORE, Nov 21 (Reuters) – The U.S. dollar was firmly higher against major currencies on Monday, while the Chinese yuan fell as sentiment soured on rising COVID cases and tighter restrictions in some cities of the world’s second largest economy. China’s capital, Beijing, reported two deaths on November 20, with the city’s most populous district …

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Europe rushes to fill up on Russian diesel before ban begins

Europe rushes to fill up on Russian diesel before ban begins

LONDON, Nov 21 (Reuters) – European traders are racing to fill tanks in the region with Russian diesel ahead of the start of an EU ban in February as alternative sources remain limited. The European Union will ban imports of Russian petroleum products, on which it depends heavily for its diesel, by February 5. This …

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Global stocks gain on hopes recession warning will force Fed's hand

Global stocks gain on hopes recession warning will force Fed’s hand

Stocks rise as investors assess Fed rate moves in 2023 Treasury yields rise on tougher talks with the Fed Treasury Yield Curve Inversions Point to Recession Oil slides on rate hike, Chinese growth concerns NEW YORK/LONDON, Nov 18 (Reuters) – Global stocks edged higher and a key part of the Treasury yield curve inverted further …

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Column: Ukraine endgame could electrify global markets

Column: Ukraine endgame could electrify global markets

LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the global economy could catalyze a rebound in global markets that many investors believe is too late – but could also raise other uncomfortable puzzles. Whispers about an endgame to Russia’s 9-month-old invasion of Ukraine – suggestions ranging from ‘talking talks’ to a brokered …

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Fed hopes buoyant stocks, China's COVID easing boosts oil

Fed hopes buoyant stocks, China’s COVID easing boosts oil

LONDON, Nov 11 (Reuters) – A relief rally in global stocks entered a second day on Friday and the dollar fell as investors bet the spike in U.S. inflation will prompt the Federal Reserve to slow the pace of increases interest rates. Oil prices jumped after health authorities in the world’s top crude importer, China, …

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EXCLUSIVE Derivative betting on multi-trillion energy companies under ECB scrutiny - sources

EXCLUSIVE Derivative betting on multi-trillion energy companies under ECB scrutiny – sources

ECB review of price betting risks follows Uniper bailout Examination exposes multi-trillion transactions to rare scrutiny Regulators concerned about risk to financial stability FRANKFURT, Nov 10 (Reuters) – The European Central Bank is examining the use of derivatives by energy companies to make huge bets on future electricity and fuel prices, to see if such …

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Exclusive: China canceled EU leader's video speech at major trade expo opening

Exclusive: China canceled EU leader’s video speech at major trade expo opening

BEIJING/BRUSSELS, Nov 8 (Reuters) – Chinese authorities behind a major trade exhibition in Shanghai have canceled the European Council president’s opening speech which was to criticize Russia’s “illegal war” in Ukraine and call for a reduction in the EU’s trade dependence on China, diplomats said. Charles Michel’s pre-recorded video was meant to be one of …

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