Month: August 2022

Reuters exclusively reported that U.S. President Joe Biden’s emergency board, tasked with helping major freight railroads and unions end a contract negotiation stalemate, proposed annual wage increases of between 4% and 7% through 2024. A lockout or strike could send prices for necessities higher and upend battered U.S. supply chains ahead of mid-term elections that […]

Reuters was first to report Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow’s invasion of Ukraine. The Nordic country is expected to produce some 122 billion cubic metres of gas this year, according to official forecasts made in […]

Reuters was first to report China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment. The planned sale comes against the backdrop of China’s sweeping regulatory crackdown since late 2020 on technology heavyweights. Shares of Hong […]

Reuters exclusively revealed that securing a new $5 billion loan from the International Monetary Fund (IMF) would help reassure Ukraine’s other creditors that the war-torn country’s macroeconomic situation was under control. Ukraine’s previous $5 billion loan program was canceled in March as the IMF approved $1.4 billion in emergency financing with few conditions in the […]

Reuters exclusively reported Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut. Kazakh oil exports account for more than 1% of world supplies, or roughly 1.4 million barrels per day. The post Reuters reveals Kazakhstan […]

Reuters shed light that while China’s expanded drills surrounding Taiwan have marked an unprecedented military and political warning against outside interference over the island, they opened a window to gather intelligence for the U.S. and its allies. The four days of intense drills last week —  and extended manoeuvres this week — provide an opportunity to […]

Reuters provided insight into how Walmart could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon. While gas prices have dropped nearly 20% over the past month, there are no signs shoppers are […]

Reuters provided insight into how Prime Minister Fumio Kishida’s search for the next Bank of Japan governor will intensify in coming months with a small but possible chance of a dark horse getting the job. Kishida gave some key posts to lawmakers loyal to deceased premier Shinzo Abe in last week’s reshuffled cabinet, a sign […]

Reuters exclusively revealed that Germany’s incoming gas price levy, which is meant to distribute the high costs of replacing Russian gas among all end-consumers, will be set between 2 and 3 euro cents perkilowatt hour. The post Reuters reveals German gas levy to be set at 2-3 euro cents per kilowatt hour appeared first on […]

Reuters exclusively reported that China’s war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now. The tariffs make Chinese imports more expensive for U.S. companies, which, in turn, make products cost morefor consumers. The […]