The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

Wall St losses capped as Amazon wins on happy Cyber ​​Monday

Cyber ​​Monday spends record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Indices Off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s major indices fell on Monday amid concerns over protests in major Chinese cities against strict COVID-19 policies, though gains at Amazon helped limit losses as … Read more

Protesters and police clash over Adani harbor in Kerala, India; more than 80 injured

Billionaire Adani mega seaport project hit by protests Police clash with protesters late on Sunday as tensions rise Dispute over harbor construction causing coastal erosion Adani says it has all the necessary approvals for port development KOCHI, India Nov. 28 (Reuters) – More than 80 people were injured in India as villagers protesting the halt … Read more

The global oil market is signaling near-term weakness ahead of the EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about reduced crude oil demand and oversupply in the market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as China, the largest oil consumer, introduces … Read more

Chevron can resume key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday secured a US permit allowing the second-largest US oil company to expand production in Venezuela and bring the South American country’s crude oil to the United States. The decision extends rights to the last major US oil company still operating in US-sanctioned Venezuela. However, it limits … Read more

India’s first private rocket company aims to cut satellite costs

BENGALURU, Nov 26 (Reuters) – The startup behind India’s first private space launch plans to launch a satellite into orbit by 2023 and expects to be able to do so at half the cost of established launch companies, the founders said from Skyroot Aerospace to Reuters in an interview. The Hyderabad-based company, backed by Singapore’s … Read more

Germany is in talks with allies over Polish insistence on sending Patriots to Ukraine

NATO says the decision on whether to deploy Patriots depends on a specific country Poland asked to send German launchers to Western Ukraine BERLIN/WARSAW, Nov 25 (Reuters) – Germany said on Friday it was discussing with allies Poland’s request to send German Patriot air defense units to Ukraine after the NATO chief suggested the military … Read more

Adidas launches investigation into allegations of misconduct against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) said on Thursday it has launched an investigation into allegations of inappropriate behavior by Kanye West after the German sporting goods manufacturer ended its partnership with the rapper and fashion designer last month. Adidas said it initiated the investigation after receiving an anonymous letter containing several allegations against … Read more

Researchers test mRNA technology for universal flu vaccine

Nov 24 (Reuters) – An experimental vaccine provided broad protection against all 20 known subtypes of the influenza A and B virus in initial tests in mice and ferrets, potentially opening a path to a universal flu shot that could help future pandemics prevent, according to a US. study published on Thursday. The two-dose vaccine … Read more