Singapore wants US to focus on trade rather than China rivalry
Singapore has urged the Biden administration to focus on trade as the U.S. formulates its long-awaited Asia strategy to counter what it sees as the…
Germany signals opposition to embargo on Russian energy imports
German Economy Minister Robert Habeck said he’s against the idea of a ban on imports of Russian oil, gas and coal, while reiterating the urgency…
EU can cut its Russian gas imports by a third, IEA says
The European Union can slash imports of Russian gas by a third within a year by increasing purchases from elsewhere, ramping up renewables and boosting…
VW, Porsche, Bentley exports to Russia halted on sanctions
Volkswagen AG has joined the exodus of companies from Russia, suspending exports to and local production in the country in response to its invasion of…
Russia-China trade stifled by Yuan’s surge against Ruble
It has just got a lot more expensive for Russia to deal with its biggest trade partner China.
Canada rail-strike threat latest disruption to fertilizer supply
A labor dispute at one of Canada’s largest railways is threatening to further disrupt global supplies of fertilizer just as farmers need key nutrients to…
Commerce imposes sweeping export restrictions on Belarus for enabling Russia’s further invasion of Ukraine
Today, the U.S. Commerce Department, through its Bureau of Industry and Security (BIS), imposed on Belarus the stringent export controls made effective on Russia on…
Russian metal exports slide as sanctions hit commodity financing
Russia’s industrial-metal exports are sinking as the country’s invasion of Ukraine prompts commodity buyers and financiers to pull back from its powerhouse producers, according to…
Wheat soars to 14-year high as Russia invasion chokes trade
The world’s staple grains swung wildly, after hitting multiyear highs as Russia’s invasion Ukraine stifles shipments from some of the biggest suppliers.
Commodities hit new highs as traders shun Russian purchases
Global commodity markets surged to multiyear highs on Wednesday after traders backed away from Russia, sparking anxiety that supply will fall short in everything from…
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