The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

Chevron is waiting for Venezuelan oil shipments, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) is aiming to receive shipments of Venezuelan oil as early as December, after the oil company received a US license to do so last week, but Caracas may not be so excited as US sanctions limit payments, people familiar with the matter said. The United States on … Read more

China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

Wall St losses capped as Amazon wins on happy Cyber ​​Monday

Cyber ​​Monday spends record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Indices Off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s major indices fell on Monday amid concerns over protests in major Chinese cities against strict COVID-19 policies, though gains at Amazon helped limit losses as … Read more

More than 80 injured in clash between Indian police and protesters at Adani port

KOCHI, India Nov. 28 (Reuters) – More than 80 people were injured in southern India as villagers halting construction of a $900 million port clashed with police, the latest escalation of a months-old protest from a predominantly Christian fishing community against the Asian richest man. The protests are a major headache for Gautam Adani’s $23 … Read more

The global oil market is signaling near-term weakness ahead of the EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about reduced crude oil demand and oversupply in the market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as China, the largest oil consumer, introduces … Read more

Chevron can resume key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday secured a US permit allowing the second-largest US oil company to resume production in Venezuela and bring crude oil from the South American country to the United States. The decision grants expanded rights to the last major US oil company still operating in US-sanctioned Venezuela. However, … Read more

Reality puts an end to some Qatari dreams of World Cup rental bonanza

Agency says Qatar hotel group demanded new payments Some rates have been reduced, but many properties are vacant Broker says some landlords were seeking unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has faced an unexpected oversupply of rooms in the busy group stage of the World Cup, with online portals showing rooms in at … Read more

Tunisia to South Korea: A New Trade Route for Russian Naphtha

NEW DELHI, Nov 25 (Reuters) – South Korea has begun importing naphtha from Tunisia, which has in turn seen an increase in supplies from Russia, pointing to the unusual trade routes created following Western sanctions against Moscow because of the war in Ukraine. South Korea, the world’s largest importer of naphtha, bought 590,000 tons of … Read more

Germany is in talks with allies over Polish insistence on sending Patriots to Ukraine

NATO says the decision on whether to deploy Patriots depends on a specific country Poland asked to send German launchers to Western Ukraine BERLIN/WARSAW, Nov 25 (Reuters) – Germany said on Friday it was discussing with allies Poland’s request to send German Patriot air defense units to Ukraine after the NATO chief suggested the military … Read more