Oil Bounces Near Dec 2021 Lows After Keystone Pipeline Shutdown
News of an accident closing Canada's TC Energy's Keystone pipeline in the United States prompted a brief rally on Thursday, but prices finally eased as the market took a view that the closure would be brief.
US Imposes Sanctions On Turkish Businessman, Citing Links To Iran's Quds Force
The Biden administration on Thursday imposed sanctions on prominent Turkish businessman Sitki Ayan and his network of companies, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran's Revolutionary Guard Corps.
Israel's Next Finance Minister Brings Religion To The Front Of Economic Strategy
Israel's incoming finance minister said his economic strategy will be infused with religious beliefs laid out in the Torah.
Israeli Forces Kill 3 Palestinians In West Bank Raid, Officials Say
Israeli forces killed three Palestinians on Thursday during a pre-dawn raid in the occupied West Bank, the Palestinian health ministry said, in a wave of intensifying violence.
Corporate Travel Propels Boom In Sustainable Aviation Fuel
A growing number of companies are making bulk purchases of sustainable aviation fuel (SAF) to reduce their carbon footprints, encouraging mass production of the cleaner energy that airlines need to meet their emissions targets.
Russia's December Wheat Exports Close To Record, Experts Say
Wheat exports from Russia, the world's largest supplier, will be close to record highs in December, if disruptions caused by storms in its main sea route the Black Sea are limited, analysts and an association of exporters said.
Oil Prices Steady After Hitting 2022 Lows
Oil prices steadied in early Asian trade on Thursday after sinking to their lowest level this year as U.S.
Bentley China Orders Slowed By Shutdowns, Has No IPO Plans
Volkswagen's Bentley expects a slight drop in production in 2023 as shutdowns in China have slowed orders, the British luxury carmaker's chief executive said on Wednesday.
Lawsuit Against Russia's Wagner Group Seeks Ukraine Reparations: Lawyer
A lawsuit in Britain against Russian private military contractor Wagner could help Ukrainians seek reparations for alleged crimes committed during Russia's invasion, a lawyer whose firm filed the suit said on Wednesday.
Western Officials In Talks With Turkey Over Oil Tanker Delays -UK
Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec.
U.S. Climate Envoy Kerry Hails Holding COP28 Conference In OPEC Member UAE
U.S. Special Climate Envoy John Kerry on Wednesday hailed the decision to hold next year's COP28 climate summit in OPEC member the United Arab Emirates, saying fossil fuel economies should be encouraged to lead the transition to clean energy.
China's Xi Starts 'Epoch-making' Saudi Visit To Deepen Economic And Strategic Ties
The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained by U.S. criticism of Riyadh's human rights record and Saudi support for oil output curbs before the November midterm elections.
Israel's Netanyahu Needs One More Party For Coalition, May Seek More Time
Israeli Prime Minister-designate Benjamin Netanyahu was still one partner short of a coalition to secure a parliamentary majority on Wednesday after an ultra-Orthodox Jewish party signed up, with the deadline for forming a government looming.
India Central Bank Raises Key Rate, Says Inflation Battle Not Over
The Reserve Bank of India's key repo rate was raised by 35 basis points (bps) on Wednesday as widely expected, the fifth straight increase, with the central bank vowing there will be no let up in its fight to tame high inflation.
Oil Opens Mixed As Economic Fears Pressure Prices
Oil prices were mixed in early Asian trade on Wednesday after falling to their lowest settlement levels this year as economic uncertainty and the prospect of higher interest rates pressured prices.
U.S. Lawmakers Authorize $800 Million More For Ukraine In Defense Bill
U.S. lawmakers agreed to provide Ukraine at least $800 million in additional security assistance next year and to boost Taiwan with billions in aid over the next several years, according to an $858 billion defense policy bill unveiled on Tuesday.
Dollar Edges Up As Darkening Growth Outlook Hurts Sentiment
The dollar crept higher on Wednesday as top executives from the biggest U.S. banks warned of an impending recession, which dampened risk appetite and kept the greenback supported.
Asian Stocks Draw Highest Monthly Foreign Inflows In Two Years
Foreign net monthly inflows into Asian equities hit a two-year high in November on hopes that the U.S. Federal Reserve could cut the pace of its interest rate hikes.
Trump Organization Found Guilty Of Tax Fraud Scheme
Donald Trump's real estate company was convicted on Tuesday of carrying out a 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former U.S.
India Well Placed To Face Global Headwinds -World Bank
India is better placed than many other emerging economies to weather the impact of global headwinds, the World Bank said on Tuesday, revising up its growth forecast for the country to 6.9% for fiscal 2022 from an earlier estimate of 6.5%.
UAW Calls On Automakers To Move Supply Chain Out Of Xinjiang Region
The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor.
Exclusive: Goldman Sachs On Hunt For Bargain Crypto Firms After FTX Fiasco
FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players.
Venezuela Sees Oil Exports Financing Almost Two-thirds Of 2023 Budget
Venezuela's government expects oil exports to finance 63% of its national budget in 2023, a document seen by Reuters showed, a slightly higher proportion than this year, as U.S sanctions against the government are being reviewed.
Putin Drives Across Crimea Bridge In A Mercedes
President Vladimir Putin on Monday drove a Mercedes across the Crimean Bridge linking southern Russia to the annexed Crimean peninsula, less than two months since an explosion tore through one of the Kremlin chief's showcase infrastructure projects.
Ukraine Warns Of Emergency Blackouts After More Missile Hits
Ukraine warned there would be emergency blackouts once again in several regions as it repaired damage from missile attacks it said destroyed homes and knocked out power, while Moscow accused Kyiv of attacking deep inside Russia with drones.
Israeli Intelligence Chiefs See Tehran Surviving Protests, For Now
Iran's clerical rulers are likely to survive protests sweeping the country and could stay in power for years, the chief analyst for Israeli military intelligence said on Monday, prompting his commander to predict the enemy regime would eventually fall.
Oil Prices Rise After Price Cap On Russian Crude, OPEC+ Meeting
Oil prices edged higher on Tuesday, after a G7 price cap on Russian seaborne oil came into force on Monday on top of a European Union embargo on imports of Russian crude by sea.
An Assassination, A Feud And The Fight For Power In Iraq's Kurdistan
Political relations have deteriorated to the point where PUK ministers have boycotted meetings of the Kurdistan Regional Government (KRG), long a symbol of peaceful power-sharing.
UAE, Ukraine To Start Talks On Bilateral Trade Deal
The UAE state has tried to remain neutral in the Russia-Ukraine war despite Western pressure on Gulf oil producers to help isolate Moscow, a fellow OPEC+ member.
Pakistan Repays $1 Billion International Bond -central Bank Spokesman
The South Asian nation's economy has been beset by multiple crises, including the fallout of devastating floods that killed 1,700 people, low foreign exchange reserves and decades high inflation.