August 7, 2022
August 7, 2022

More grain leaves Ukraine

Three bulk carriers loaded with grain set sail from Ukraine on Friday under a landmark deal to free up shipments brokered by Turkey, as its leader met his Russian counterpart for talks on Moscow’s invasion of its neighbour.

August 7, 2022
August 7, 2022

BoE trying to keep flexibility on rates

The Bank of England is trying to maintain flexibility on its options for changing interest rates and investors should not assume it is set to do more big rate hikes, BoE Chief Economist Huw Pill said on Friday.

August 7, 2022
August 7, 2022

Germans must cut gas use: regulator

People in Germany have to save at least 20 per cent of their energy consumption to avoid a gas shortage by December due to falling Russian gas flows, Germany’s network regulator head Klaus Mueller said.

August 7, 2022
August 7, 2022

Brussels accuses Russia of inventing excuses to cut gas

EU sanctions against Russia do nothing to prevent the delivery of pipeline turbine, an EU spokesman said Friday, accusing Moscow of fabricating an excuse to cut off gas supplies.

August 5, 2022
August 5, 2022

Oil prices stabilise after massive drop

Oil prices were broadly steady on Thursday as the market weighed tight supply against fears of a demand slowdown, after a build in US crude and gasoline stocks sent prices to multi-month lows in the previous session.

August 4, 2022
August 4, 2022

Big Oil offers big returns but keeps spending tight

The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.

August 4, 2022
August 4, 2022

Russian firm to fill gap left by Coke, Pepsi

As the world’s biggest soft drinks makers cut their Russian ties, local producer Chernogolovka is aiming for a 50 per cent share of the country’s near $9 billion market, its boss told Reuters.

August 3, 2022
August 3, 2022

Europe scrambles to save energy as Russian gas wanes

Fanning out like urban guerrillas through Paris’ darkened streets well after midnight, the anti-waste activists shinny up walls and drain pipes, reaching for switches to turn off the lights.

August 3, 2022
August 3, 2022

Maersk sees global supply chain woes for longer

Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.

August 3, 2022
August 3, 2022

Australia hikes rates

Australia’s central bank on Tuesday raised interest rates for a fourth month running, but tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy.