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Oil prices edge up as worldwide supply concerns remain at the fore
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Analysis-Euro peers over the cliff at dollar parity as recession looms
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UK’s Sunak followed conflict of interest rules -independent advisor
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EU to suspend tariffs on Ukraine imports for one year, Kyiv grateful
Musk loses bid to end SEC agreement on oversight of Tesla tweets
Date: April 27, 2022
By Tom Hals (Reuters) -A U.S. judge slammed Elon Musk on Wednesday for trying to escape a settlement with regulators requiring oversight of his Tesla Inc tweets, saying the billionaire was “bemoaning” the 2018 deal now that he felt Tesla was “invincible.” The ruling comes after the Twitter Inc board accepted on Monday Musk’s $44...
Hungary’s OTP Bank “pressured” by Ukraine to sell Russian unit, CEO says
Date: April 27, 2022
BUDAPEST (Reuters) – Hungary’s OTP Bank, Central Europe’s largest independent lender, is under pressure from the government of Ukraine, where the bank is also present, to sell its Russian unit, Chief Executive Sandor Csanyi said on Wednesday. Earlier this month Csanyi said the bank would sell its Russian operation if there was a buyer, adding...
Shell tightens restrictions on Russian oil buying
Date: April 27, 2022
By Ron Bousso and Rowena Edwards (Reuters) -Shell on Wednesday tightened its restrictions on buying Russian oil, saying it would no longer accept refined products with any Russian content, including blended fuels. Shell last month said it would phase out buying Russian crude and its involvement in all Russian hydrocarbons from oil to natural gas,...
What is the EU’s stance on Russia’s roubles gas payment demand?
Date: April 27, 2022
By Kate Abnett BRUSSELS (Reuters) – Russia halted gas supplies to Bulgaria and Poland on Wednesday for rejecting its demand that European buyers start paying for Russian gas in roubles. The European Commission has said countries should not pay in roubles, and that complying with Russia’s request could breach European Union sanctions against Moscow over...
Macron, with eye on parliamentary vote, visits left-leaning Paris suburb
Date: April 27, 2022
By Michel Rose PARIS (Reuters) – French President Emmanuel Macron paid a surprise visit to a Socialist-held working-class suburb of Paris on Wednesday on his first official outing since his re-election, in an effort to woo left-wing voters ahead of June’s parliamentary vote. Macron strolled around a food market in the town of Cergy, shaking...
Renault to offload its stake in Lada maker for one rouble, Russia says
Date: April 27, 2022
(Reuters) -Renault will transfer its 68% stake in Russia’s biggest carmaker Avtovaz to an auto research institute for one symbolic rouble, Russia said on Wednesday, the latest example of local institutions snapping up bargains as Western firms flee. The trade ministry also said Renault’s factory in Moscow, which produces cars under the Renault and Nissan...