Kyiv is urging European countries still guilty of purchasing Russian oil to buy American —and even offering storage space for US energy firms to bring them closer to market, a top Ukrainian official told The Post. President Trump last week phoned some European leaders gathered in Paris to discuss the Ukrainian war to insist they…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
This year the summit will focus largely on U.S. President Donald Trump’s trade war. Trump has slapped 50 percent tariffs on Indian goods over New Delhi’s continued purchases of Russian oil. Putin meanwhile is facing fresh Western sanctions tied to his ongoing war in Ukraine. “How in the hell did Trump so alienate Modi that…
Amid United States pressure to halt Russian oil purchases as part of efforts to end the Ukraine war, India’s Ambassador to Russia, Vinay Kumar, has firmly rejected Washington’s punitive tariffs on Indian goods, stressing that New Delhi will continue buying oil from wherever it secures the “best deal”. Speaking to Russia’s state-run TASS news agency,…
The Russian stock market is rallying on peace hopes, even as the country’s wartime economy shows cracks. Russian stocks climbed sharply after news broke that President Donald Trump and his Russian counterpart, Vladimir Putin, are set to meet in Alaska on Friday. The Moscow Exchange Index — which tracks the stocks of Russia’s 40 largest…
WASHINGTON (AP) — U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia. “China will always ensure its energy supply in ways that…
Nor would taking Russian energy out of the equation make much difference: The bloc spent just €23 billion on oil, gas and nuclear imports from Moscow last year. At the same time, the U.S. only sent $166 billion in oil and gas abroad last year, Page explained, meaning it would have to divert all its…
Russian regulations stipulate that foreign ships must obtain approval from the FSB to enter the country’s ports. Credit: Vladimir Tretyakov/Shutterstock.com. Kazakhstan’s oil exports through Black Sea ports have resumed following a brief halt, as Russia’s FSB security service begins granting clearance to foreign tankers, reported Reuters, citing four unnamed industry sources. The exports had been…
‘We hope the US will work with China to implement the important common consensus reached by the two presidents during the phone call, give foreplay to the role of the economic and trade consultation mechanism,’ says Foreign Ministry China on Tuesday urged the US to “reduce misunderstanding” on the economic and trade relations between the…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…