Russia’s Gazprom to get 50% of Sakhalin-2 LNG project replacement entity -reports
Gazprom will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project, Russian news agencies reported on Wednesday, citing a government decree.
Tennessee sues Walgreens pharmacy chain over opioid distribution
The state of Tennessee sued Walgreens on Wednesday, accusing the retail pharmacy giant of fueling the state’s opioid epidemic by willfully flooding the market with an oversupply of prescription narcotics in violation of consumer protection and public nuisance laws.
Oil prices rebound on supply concerns after drop to near 6-month low
Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak U.S. fuel demand.
CySEC Fines FXVC Operator €100K for Possible Regulatory Violations
The Cyprus Securities and Exchange Commission (CySEC) announced that it has decided to impose €100,000 fines on the Finteractive Ltd, the operator of trading brand FXVC, for possible regulatory violations.
South Korea FX reserves increase in July after four months of decline
South Korea’s foreign exchange reserves increased slightly in July, central bank data showed on Wednesday, ending four straight months of decreases led partly by authorities’ dollar-selling intervention to support the won.
The Impact of the Latest Fed Decision
XTB’s chief market analyst will explain how the markets reacted and what might follow in the weeks ahead.
How Does cTrader Copy Strategy Rank Work
Copy trading is a long-term investment strategy anyone can use, regardless of experience and expertise level.
India’s trade deficit to remain above $20 billion – Barclays
India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said.
Dollar stands tall as Fed doves talk tough
The U.S. dollar remained elevated on Wednesday following its biggest surge in three weeks against major peers overnight, with Federal Reserve officials talking up the potential for further, aggressive interest rate hikes.
Marketmind: Markets’ moment of truth
A look at the day ahead in markets from Anshuman Daga
Bangladesh seeking $2 Billion from World Bank, ADB – Bloomberg News
Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday.
Asian stocks gain as investors weigh risk from Pelosi Taiwan visit
Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.
Swiss inflation steadies in July, still above SNB target
Swiss consumer price inflation held steady at 3.4% in July, slightly less than economists had expected after inflation touched a 29-year high in June.
Migrants escape from suffocating people-smuggling trailer in Mexico
Mexican authorities rescued nearly 100 migrants who escaped from a stifling trailer being driven by a people smuggler in the coastal state of Veracruz, officials said on Thursday.
Europe and Middle East at the Forefront of Tourism Recovery
The airport and international highway queues and turmoil prove that global tourism is on recovery path.
Russian rouble slides against dollar, euro as tax period ends
The Russian rouble gave up early gains on Thursday to slide lower in volatile trade, pressured by the end of a favourable tax period and by expectations that the government may try to curb the currency’s recent strengthening.
Swiss National Bank reiterates it can act at any time if needed
The Swiss National Bank may take monetary policy measures at any time between its regular meetings if it deems it necessary, the bank said in an interim publication on Thursday, reiterating its standard position.
Bhutan considering steps to avoid fallout of falling forex reserves -minister
Bhutan is considering several steps to contain adverse impacts on the economy following a fall in foreign exchange reserves, its economic affairs minister said on Thursday, after the government warned residents about possible curbs on imports.
Shares rally as markets bet on more gradual rate hikes
Asian stocks took their cue on Friday from a late rally on Wall Street, as markets focused on a possible slowdown in the pace of rate hikes rather than a U.S. recession after data showed its economy shrinking for a second straight quarter.
Some Asia economies may need rapid rate hikes to cool inflation-IMF
Several Asian central banks must raise interest rates rapidly, because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior International Monetary Fund (IMF) official.