EU Leaders Brace for Tough Winter as Russia Tightens Gas Grip

Breadcrumb Trail Links PMN Business European Union leaders are preparing for a further reduction in gas supplies from Russia, seeking ways to cushion the effects of the unprecedented crisis, as well as a surge in energy prices, on the region’s economy. Author of the article: Bloomberg News Ewa Krukowska, Natalia Drozdiak and Stephanie Bodoni fy51)im{2wdp1h6(e3ol(oc(_media_dl_1.png … Read more

Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions

Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow. Switzerland has for decades been home to middlemen helping to match Russian producers with buyers all over the world. Now, a ratcheting up of sanctions is prompting a migration to the … Read more

Australian employment jumps in May as labour market tightens By Reuters

© Reuters. A worker pushes a trolley loaded with goods past a construction site in the central business district (CBD) of Sydney in Australia, March 15, 2018. REUTERS/David Gray By Wayne Cole SYDNEY (Reuters) – Australian employment rebounded strongly in May while the jobless rate held at 50-year lows as more people went looking for … Read more

Williams downplays worsening market liquidity as Fed tightens

A top Federal Reserve official downplayed deteriorating liquidity conditions in financial markets, telling an audience Monday it was to be expected given rising volatility as investors grapple with uncertainty over global events and shifting U.S. monetary policy. “In the global environment there’s a lot of uncertainty, and a lot of events happening. We’re also seeing … Read more

Williams Downplays Worsening Market Liquidity as Fed Tightens By Bloomberg

© Reuters. Williams Downplays Worsening Market Liquidity as Fed Tightens (Bloomberg) — A top Federal Reserve official downplayed deteriorating liquidity conditions in financial markets, telling an audience Monday it was to be expected given rising volatility as investors grapple with uncertainty over global events and shifting U.S. monetary policy. “In the global environment there’s a … Read more

UK shoppers cut spending as inflation squeeze tightens

Breadcrumb Trail Links PMN Business Author of the article: Reuters William Schomberg Article content LONDON — British shoppers, feeling the hit from surging inflation, cut their spending for the first time since early 2021 when the country was under a coronavirus lockdown, according to a survey published on Tuesday. The British Retail Consortium (BRC) said … Read more

markets: Liquidity tightens, so does the bear grip

Mumbai: Bears are having an upper hand on Dalal Street after the 4% decline in India’s stock indices – their worst week since November – amid growing fears of the effects of aggressive tightening by central banks in developed economies and India to combat inflation on growth. Though analysts said the markets might be oversold … Read more

Shanghai tightens COVID lockdown, Beijing keeps testing By Reuters

2/2 © Reuters. FILE PHOTO: People line up to get tested next to a staff member wearing personal protective equipment (PPE) at a mobile nucleic acid testing site outside a shopping mall, amid the coronavirus disease (COVID-19) outbreak in Beijing, China May 6, 2022. REUT 2/2 By Engen Tham and Eduardo Baptista SHANGHAI/BEIJING (Reuters) -Shanghai … Read more

‘Stop asking why’: Shanghai tightens COVID lockdown, Beijing keeps testing

Breadcrumb Trail Links PMN Business Author of the article: Reuters Engen Tham and Eduardo Baptista Publishing date: May 08, 2022  •  14 minutes ago  •  4 minute read  •  Join the conversation Article content SHANGHAI/BEIJING — Shanghai authorities were tightening the city-wide COVID lockdown they imposed more than a month ago, prolonging into late May an … Read more

Shanghai tightens lockdown to hit zero-COVID goal by late May – sources

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: May 08, 2022  •  12 minutes ago  •  3 minute read  •  Join the conversation Article content SHANGHAI — Shanghai is tightening its already strict COVID-19 lockdown in a fresh push to eliminate infections outside quarantined areas of China’s biggest city by late this month, … Read more