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InvestingOil Jumps 3% to 2-month High as EU Seeks to Ban Russian Crude
Exclusive-Shell in Talks With Indian Consortium to Sell Russian Lng Plant Stake -Sources
Date: May 26, 2022
By Ron Bousso and Nidhi Verma LONDON (Reuters) -Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India’s willingness to step into the space left by Western companies following Moscow’s invasion of Ukraine. The world’s...
FTSE 100 Ticks Higher as Oil Majors Offset Slide in Bt Group
Date: May 26, 2022
(Reuters) – Britain’s top share index edged higher on Thursday as gains in oil majors more than offset a slump in BT Group after it said the UK government was set to probe Altice UK’s stake in the telecoms group. The blue-chip FTSE 100 was up 0.1% and the domestically focussed FTSE 250 index inched...
Ukraine’s Embattled Farmers Running on Empty as World Faces Food Crisis
Date: May 25, 2022
By Gus Trompiz and Bozorgmehr Sharafedin PARIS/LONDON (Reuters) – After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine’s farmers are facing another challenge – finding enough diesel for the harvest to come. The war with Russia cut fuel supplies just as farmers stepped up work for...
Analysis-S.Korea’s Yoon Uses Biden Summit as Springboard for Global Agenda as China Looms
Date: May 23, 2022
By Josh Smith SEOUL (Reuters) – South Korea’s new president, Yoon Suk-yeol, used a largely successful summit with U.S. President Joe Biden over the weekend to lay the foundation for his goal of enabling South Korea to play a more active role around the world. Inaugurated on May 10, Yoon has said his main foreign...
Poland Interested in Trans-Shipping Lng Through Portugal
Date: May 20, 2022
WARSAW (Reuters) -Poland would be interested in cooperating with Portugal on potential LNG trans-shipping, Prime Minister Mateusz Morawiecki said on Friday, adding that gas could be sent to other countries to help them cut their dependence on Russia. Following Russia’s invasion of Ukraine, the European Union has been scrambling to find alternatives to Russian gas...
Hungary’s Otp to Step up Lending to Farmers in War-Torn Ukraine
Date: May 20, 2022
By Gergely Szakacs BUDAPEST (Reuters) – OTP Bank will step up lending to Ukraine’s farmers this year under a Kyiv-backed programme to help them overcome financing problems due to the Russian invasion, an executive at the Hungarian bank told Reuters. Central Europe’s largest independent lender, which is also present in Russia, has started scaling back...