Exclusive: Poland asks for Germany’s support in sanctioning Russian pipeline Druzhba

Exclusive: Poland asks for Germany’s support in sanctioning Russian pipeline Druzhba

WARSAW, Nov 25 (Reuters) – Poland is seeking Germany’s backing to impose EU sanctions on the Polish-German section of the Druzhba pipeline so Warsaw can drop a deal to buy Russian oil l ‘next year without paying penalties, two sources familiar with the talks said. The sources also said the couple were close to reaching … Read more

Nasdaq closes as investors eye Black Friday sales, China infections

Nasdaq closes as investors eye Black Friday sales, China infections

Focus on retailers at the start of Black Friday sales Activision down on likely FTC lawsuit to block Microsoft deal Apple slips, the Foxconn factory in China sees its deliveries drop Indices: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday under pressure from … Read more

US bans sales of Huawei and ZTE gear citing national security risk

US bans sales of Huawei and ZTE gear citing national security risk

Nov 25 (Reuters) – The Biden administration has banned the approval of new telecommunications equipment by Chinese companies Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “unacceptable risk” to national security the United States. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also prohibit the sale or … Read more

Oil muted as price cap proposal eases supply issues

Oil muted as price cap proposal eases supply issues

G7 price cap on Russian oil could be higher than current level of trade EIA data on gasoline inventories shows higher-than-expected construction COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level … Read more

Exclusive: Russians and Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

Exclusive: Russians and Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

RIYADH, Nov 24 (Reuters) – Representatives of Russia and Ukraine met last week in the United Arab Emirates to discuss the possibility of a prisoner-of-war exchange that would be linked to a resumption of Russian exports of ammonia to Asia and Africa via a Ukrainian pipeline, three sources familiar with the meeting said. The sources … Read more

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone … Read more

China’s COVID infections hit record high as economic outlook darkens

China’s COVID infections hit record high as economic outlook darkens

BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country imposing localized lockdowns, mass testing and other restrictions that are fueling frustration and clouding the outlook of the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the … Read more

EU divided on level of Russian oil price cap, talks to resume on Thursday

EU divided on level of Russian oil price cap, talks to resume on Thursday

BRUSSELS, Nov 23 (Reuters) – European Union governments failed to reach an agreement on Wednesday on the price cap level for Russian oil transported by sea under the Group of Seven (G7) program and talks will resume on Thursday evening or Friday. , European diplomats said. Earlier on Thursday, representatives of the 27 EU governments … Read more

Wall Street rises as Fed signals slowing rate hikes

Wall Street rises as Fed signals slowing rate hikes

Growth stocks rebound as Treasury yields fall Tesla leaps as Citigroup modernizes Nordstrom falls on reduced earnings forecast Dow Jones Industrial closed at the highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Nov 23 (Reuters) – Major Wall Street indexes ended on Wednesday with strong gains after minutes from … Read more

Stocks turn ahead of Fed minutes as oil falls on price cap plan

Stocks turn ahead of Fed minutes as oil falls on price cap plan

Fed Minutes for November at 7:00 p.m. GMT American Thanksgiving holiday on Thursday Stocks post weak gains globally Eurozone economic data point to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global stocks rebounded on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light on whether the … Read more