Gazprom Stops Gas Supplies to Netherland's GasTerra as Europe Rushes to Fill Gas Storage Sites On Monday European Union leaders agreed in principle to cut the EU's Russian oil imports by 90% by year-end. May 31, 2022By Reuters
Russian Rouble Posts Multi-Year Highs Against Dollar, Euro as More EU Countries Agree to Pay for Oil in Euro In early morning trade on Monday, rouble rose 2.5 percent against the dollar at 58.74; it was at 61.38 against the euro, rising 2.3 percent. May 23, 2022By Jacob J
China Serves Blow to Delusional Europe, Offers to Buy More Russian Crude Crude prices will shoot up further if Russian oil is blocked off the market due to political opposition in the wake of the Ukraine war. May 20, 2022By Jacob J
US Stock Market Crash: Bloodbath Yet to Come, Nasdaq Forecast to Fall 75%, S&P 500 45% On Wednesday, the Dow Jones Industrial average plunged more than 1164 points, or 3.6 percent. May 19, 2022By Jacob J
Major Escalation as Russia Cuts Off Gas to Poland and Bulgaria; Putin Vows to Punish Enemies Staunch Kremlin opponent Poland is among the European countries seeking the toughest sanctions against Russia for invading its neighbour. Apr 27, 2022By Reuters
China's Controversial Zero-Covid Policy Sends Global Markets Crashing The pan-European Stoxx 600 index was down 2 percent on Monday morning. Apr 25, 2022By Jacob J
Wall Street Slips More Than 2% After Federal Reserve Hints at Looming Rate Hikes All three major Wall Street indices ended down more than 2% a day after the Federal Reserve indicated it would raise interest rate in May. Apr 23, 2022By Reuters
Japanese Yen Extends Record Losing Streak as BoJ Refuses to Tighten Monetary Policy Tuesday marked the 13th straight day of losses for yen, marking the longest losing streak the currency witnessed in at least half a century. Apr 19, 2022By Jacob J
Jian Tam on Handling the Market Ups and Downs The market fluctuates, but it should impact your business if you are well-prepared. Apr 15, 2022By IBT Desk
Analysis: India's Role in Defeating Joe Biden's Oil Market Strategy Instead of cutting crude purchase from Russia in solidarity with Ukraine, India ramped up oil deals with Russia. Apr 12, 2022By Jacob J
Russian Rouble Was Doomed to Sink But is Now in Pink of Health; How Did Putin Save it? A month after rouble saw a historic low, which was interpreted as an ominous sign of the collapse of the Russian economy, rouble has found its mooring. Apr 6, 2022By Jacob J
Russia's Gazprom Asks India's Largest Has Pipeline Network to Pay in Euros Instead of Dollars - Report GAIL, which imports and distributes gas, also operates India's largest gas pipeline network. Mar 25, 2022By Reuters
Setback for Petrodollar: Saudi Arabia Considers Accepting Chinese Yuan in Oil Trade, Says Report Data shows that China buys nearly a fourth of Saudi Arabia's massive oil export. Mar 16, 2022By IBTimes APAC Desk
Warren Buffett's Berkshire Hathaway Share Price Breaches Historic Milestone of $500,000 The Omaha, Nebraska-based company's market value is approximately $731 billion, ranking sixth in the United States. Mar 15, 2022By Reuters
Cost of War: Brent Crude Price Breaches $111 Mark; the Highest in 8 Years Crude oil prices have surged by nearly 15 per cent in the last two days on fear of tight supplies. Mar 2, 2022By IANS