Explainer-What is the SPR, the emergency oil stash Biden is tapping?

President Joe Biden on Thursday will announce the release of a million barrels of crude oil every day for the next six months from the U.S. Strategic Petroleum Reserve to help cool oil prices, the largest such release from the stockpile in history.

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31-03-2022

Explainer-Russia wants gas payments in roubles. Will buyers make the switch?

President Vladimir Putin signed a decree on Thursday requiring foreign buyers to pay roubles for Russian gas from April 1 or see their contracts halted, a move described as "blackmail" by European states.

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31-03-2022

U.S. SEC says crypto safekeeping arrangements should be treated as liability

U.S. listed companies that hold cryptocurrencies on behalf of users and customers should account for those assets as a liability on their balance sheet and disclose the related risks to investors, the securities regulator said on Thursday.

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31-03-2022

IMF to start talks with Sri Lanka on loan request in coming days

The International Monetary Fund will initiate discussions with Sri Lankan authorities on a possible loan program in coming days, IMF spokesperson Gerry Rice said on Thursday, as the Asian country seeks to stave off a severe economic crisis.

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31-03-2022

Czech c. bank raises key rate by 50 bps to highest since 2001

PRAGUE (Reuters) -The Czech National Bank lifted its benchmark rate by 50 basis points to its highest level since 2001 on Thursday and said it was ready to tighten policy further to keep inflation expectations anchored while the war in Ukraine pushed prices higher.

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31-03-2022

Royal Bank of Canada offers $2.1 billion for UK's Brewin Dolphin

LONDON (Reuters) -Royal Bank of Canada became the latest Canadian lender to expand overseas with a 1.6 billion pound ($2.1 billion) all-cash offer for U.K.-based wealth manager Brewin Dolphin on Thursday.

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31-03-2022

Canada's economy likely gains momentum as Omicron wanes

OTTAWA (Reuters) -The Canadian economy likely gathered momentum in February, growing for a ninth consecutive month after a January gain, data from Statistics Canada showed on Thursday, prompting economists to revise up first quarter projections.

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31-03-2022

Volkswagen suspends Shanghai production amid COVID lockdown

BERLIN/SHANGHAI (Reuters) -Volkswagen on Thursday said it would halt work at its factory in Shanghai between April 1-5, reversing an earlier plan to maintain some of its production, as the city extends a lockdown aimed at curbing the spread of COVID-19.

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31-03-2022

Canada's economy seen up 0.8% in February, 0.2% in January

The Canadian economy gathered considerable momentum in February, growing for a ninth consecutive month and following a January gain that met expectations, data from Statistics Canada showed on Thursday.

newspaper

31-03-2022