Shell Sees 2024 Aviation Fuel Demand Recovering To Pre-pandemic Levels
Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years, the head of aviation at Shell said on Tuesday.
Exclusive-India's Inclusion Into Key Govt Bond Index Pushed Back To Next Year - Sources
Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues, four sources familiar with the matter said.
Mystery Gas Leaks Hit Major Russian Undersea Gas Pipelines To Europe
European countries on Tuesday scrambled to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden and Denmark, infrastructure at the heart of an energy crisis since Russia's invasion of Ukraine.
Europe's STOXX 600 Climbs 1% After Three-day Selloff; Nexi Shines
Europe's STOXX 600 index rose on Tuesday, led by automakers and travel stocks following a three-day selloff triggered by global recession fears, while Italian payments group Nexi topped the benchmark index on a strong business outlook.
Egypt's Import Squeeze Hobbles Economy As Dollars Run Short
Christeen Aiad from eastern Cairo had been hoping to buy a small automatic car this year, but rules preventing importers trading in scarce dollars put paid to that and she is having to get around on her bicycle instead.
Nations Seek Aviation Climate Pact Despite Global Tensions
A United Nations body has begun global talks to hammer out a consensus on reducing airline emissions in the face of lingering discord over climate change and the impact of war in Ukraine.
Reversing UK Confidence Crash Requires Policy U-turn: Economists
Rock-bottom investor confidence in Britain will only recover if finance minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday.
'Overinvested' China Healthcare Sector Set For Shake Up -top Venture Fund
Chinese healthcare and biotech firms are ripe for consolidation due to a sharp decline in valuations after the COVID-19 pandemic spurred over-investments in the sector, a leading local venture capitalist said.
'We Are Not Afraid': Russians Flee To Mongolia To Evade Ukraine Mobilisation
Thousands of Russians have fled into Mongolia across its northern frontier in a bid to evade conscription to Ukraine, putting further pressure on the government in Ulaanbaatar and its efforts to distance itself from the conflict.
Analysis-Central Europe's Policymakers Try To Call Time On Rate Hikes
Central European policymakers are seeking to end a cycle of interest rate hikes running since last year even as inflationary pressures remain and the world's major central banks keep pursuing higher rates.
Battling Market Forces, BOJ Conducts Special Operation To Curb Rising Yields
The Bank of Japan said it would purchase Japanese government bonds in a special operation on Tuesday, with the benchmark 10-year yield brushing against the 0.25% policy ceiling as the central bank battles a relentless upward surge in global rates.
Vietnam Braces For Typhoon Noru As Philippines Cleans Up In Its Wake
Vietnam urged more people on Tuesday to evacuate as an intensifying Typhoon Noru barrelled towards the southeast Asian nation, after causing at least eight deaths and widespread flooding in the Philippines.
Cryptoverse: Bitcoin Miners Get Stuck In A Bear Pit
Spare a thought for the beleaguered bitcoin miner.
Oil Prices Claw Back Some Losses As Focus Turns To Possible Supply Cuts
Oil prices rose on Tuesday, after plunging to nine-month lows a day earlier, on indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices.
Analysis-Whipsawed Forex Traders Say Currency Moves 'Remarkable', Resemble Casino
Trading in tumultuous foreign exchange markets is akin to being in a casino right now, according to some traders navigating markets that have been whipsawed as central banks and governments try to right their economies.
U.S. Whistleblowers Aiding Migrant Children Feared Retaliation -watchdog
U.S. government workers feared retaliation for raising concerns last year about the treatment of unaccompanied migrant children on a Texas military base, where children have been held amid record arrivals at the U.S.-Mexico border, according to a watchdog report released on Tuesday.
'Mocking Us': Parents Of Missing Mexican Students Slam Government Missteps
Parents of 43 students who went missing in 2014 in Mexico called on President Andres Manuel Lopez Obrador to keep his word Monday as thousands joined them in a parade, criticizing blunders by a government that promised to punish those responsible.
Runaway Dollar Pauses For Breath As Bears Stalk Stocks
Asian markets attempted to stabilise on Tuesday after a wild few days of stumbling stocks, crumbling bonds, a plunging pound and soaring dollar, with the dollar easing a bit and stocks flat.
U.S. Proposes Requiring New Airline Fee Disclosure Rules
The U.S. Transportation Department (USDOT) on Monday proposed requiring airlines disclose fees for baggage, ticket changes and family seating the first time an airfare is displayed.
Gas Crisis Lands LNG Cargo Market In Hands Of Energy Giants
Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses.
Japan Prepares To Bid Farewell To Slain Abe With Controversial State Funeral
Japan will honour on Tuesday its assassinated former Prime Minister Shinzo Abe, a polarising figure who dominated modern-day politics as its longest-serving leader, with a rare state funeral that has become nearly as divisive as he was.
BP, Chevron Cut Offshore Oil Production Ahead Of Hurricane Ian
BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on the top U.S.
Puerto Rican Municipal Workers Pitch In As Power Outages Persist
Puerto Rican government workers tried to forge their own path to restoring power on Monday, when about 40% of the island was without electricity more than a week after Hurricane Fiona struck.
Analysis-Pummelled Pound Faces Long Road Back As Investor Confidence Shredded
Sterling's slide to record lows leaves it staring at parity with the dollar.
Gas From Russia's Nord Stream 2 Pipeline Leaks Into Baltic Sea
The Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea.
Scotiabank Taps Board Member Thomson As CEO In Surprise Move
Bank of Nova Scotia said on Monday it appointed Scott Thomson, a board member for six years, to succeed Chief Executive Officer Brian Porter, a move that came as a surprise due to the new CEO's lack of familiarity among bank investors.
Trudeau To Survey Fiona Damage As Residents Battle Blackouts
Prime Minister Justin Trudeau plans to visit Canada's storm-ravaged eastern provinces as soon as this week, as thousands of residents were still without power more than two days after storm Fiona swept homes into the sea and left at least one person dead.
Colombia, Venezuela Reopen Cargo Trade As Relations Thaw
Colombia and Venezuela reopened cargo transport at a major border crossing on Monday, potentially enabling billions of dollars in trade after years of icy bilateral relations and heavily-restricted economic ties.
Fed Officials Stare Down Market Volatility, Say Inflation Remains Paramount Focus
U.S. Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping U.S.
Analysis-Crowd Of Dollar Bulls Raises Risk Of Violent Pullback
Some investors are growing concerned the dollar's meteoric rise is setting the stage for a rapid reversal, which would bruise those who have sought refuge in the U.S.