For BP's CEO, Russian exit eased by reservations about Rosneft stake

Within hours of Moscow launching its invasion of Ukraine, BP’s chief executive summoned his senior team to discuss the limited options for its Russian operations, including separating the British energy giant’s stake in Russian oil firm Rosneft or exiting completely, according to three senior BP executives.

newspaper

09-03-2022

Contracts shield Asia's EV battery makers from nickel surge, for now

Asian battery makers for electric vehicles are shielded from a big, immediate hit from surging nickel prices amid Russia's invasion of Ukraine, thanks to long-term contracts and a diversified supply chain, companies and industry sources said.

newspaper

09-03-2022

Russian rouble weaker as inflation data eyed

The rouble weakened in Moscow and offshore on Wednesday, hitting new record lows against the dollar and euro in Moscow before inflation data which could show the impact of economic sanctions over Russia's invasion of Ukraine.

newspaper

09-03-2022

Japanese investors dump overseas bonds in February

Japanese investors in February sold the most overseas debt in a month in nearly two years on concerns over monetary tightening by the world's major central banks and an escalation in Russia-Ukraine conflict.

newspaper

09-03-2022

Bitcoin jumps after apparent Yellen statement quells U.S. clampdown fears

Bitcoin led a rally in cryptocurrencies on Wednesday after what appeared to be a prematurely published U.S. Treasury statement allayed market worries about a sudden tightening of U.S. rules around digital assets.

newspaper

09-03-2022

BOJ has little room to move as Ukraine clouds recovery, prices soar

The crisis in Ukraine is giving the Bank of Japan a headache not facing other major central banks, forcing it to maintain a more dovish stance on monetary policy despite rising inflationary pressures and a dearth of tools to combat another economic downturn.

newspaper

09-03-2022

China Feb factory inflation eases, spotlight on global commodities

BEIJING (Reuters) -China's factory inflation in February eased to the slowest annual pace in eight months, but analysts expect a pick-up in the coming months from surging prices of global commodities including oil, challenging policy-making to support the economy.

newspaper

09-03-2022

China Feb factory prices ease, spotlight now on global commodities

BEIJING (Reuters) -China's factory inflation in February eased to the slowest annual pace in eight months due to seasonal effects from the Lunar New Year holiday, but analysts expect it to rise in the coming months because of surging global commodity prices.

newspaper

09-03-2022

China's February factory-gate prices rise at slowest pace in 8 months

BEIJING (Reuters) -China's producer prices in February rose at the slowest annual pace since June, official data showed on Wednesday, amid skyrocketing commodity prices, an uncertain global economy and resurgent domestic COVID-19 outbreaks.

newspaper

09-03-2022