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Britannia Global Markets to give up LME membership on June 20
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Depositary receipt holders of Russia’s Sberbank, VTB face conversion headache
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ECB raises inflation, cuts growth forecasts
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Spain vows to defend its interests after Algeria halts trade, except gas flow
EU proposes natural gas import deal with Egypt and Israel – document
Date: June 9, 2022
By Francesco Guarascio BRUSSELS (Reuters) – The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7. The draft memorandum of understanding, which is still subject to changes and needs...
U.S. says there is ‘extraordinary’ lack of transparency over Chinese activity in Cambodia
Date: June 9, 2022
By Idrees Ali SINGAPORE (Reuters) – A decision by Cambodia to expand its biggest naval base and allow the Chinese military exclusive use of a portion of it shows an extraordinary lack of transparency, a senior U.S. defense official said on Thursday. A Chinese official said on Wednesday an “iron-clad partnership” with Cambodia was bolstered...
Analysis-Warming Africa threatens insurers’ quest for profit
Date: June 9, 2022
By Emma Rumney JOHANNESBURG (Reuters) – The world’s biggest insurers are expanding in Africa, looking to tap growth promised by a rising population and middle class, but climate change could complicate their quest for profits. With Western markets overcrowded, the continent provides a rare chance to grow. In the United States, insurance premiums, including life,...
U.S. and China likely to trade blows at Asian security meeting
Date: June 9, 2022
By Idrees Ali and Chen Lin SINGAPORE (Reuters) -The United States and China are expected to use Asia’s top security meeting this week to trade blows over everything from Taiwan’s sovereignty to the war in Ukraine, although both sides have indicated a willingness to discuss managing differences. The Shangri-La Dialogue, which attracts top-level military officials,...
Can magic help to protect nature? This woman thinks so
Date: June 9, 2022
By Natalie Thomas LONDON (Reuters) – Megan Swann is a trail-blazing female magician whose tricks hold a vital message. When she was born in 1992, the traditionally male-dominated world of magic had only just started allowing women to join the Magic Circle magicians’ society. Now at 30, Swann is not only the youngest and first...
A Fed soft landing for jobs means something else has to crack; so far it hasn’t
Date: June 9, 2022
By Howard Schneider WASHINGTON (Reuters) – The healthy finances of U.S. banks, companies and households, trumpeted during the pandemic by Federal Reserve officials as a source of resilience, may be an obstacle to battling inflation as central bankers raise interest rates in an economy able so far to pay the price. In outlining their aggressive...