Nancy Pelosi Regrets Ochestrating Coup That Led to Kamala Harris and Ouster of Democrats, Sources Claim
WASHINGTON — Former Speaker Nancy Pelosi is reportedly expressing regret over her role in the political maneuvering that led to President Joe Biden stepping aside as the Democratic nominee for the 2024…
Exclusive-Chevron set to trade Venezuelan oil if U.S. relaxes sanctions -sources
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON -Chevron Corp. is preparing to take operating control of its joint ventures in Venezuela if Washington relaxes sanctions on Caracas to boost crude supplies after…
India’s top refiner IOC buys 3 million bbls Russian Urals crude via tender -sources
By Nidhi Verma NEW DELHI – Indian Oil Corp, the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its first purchase…
ECB looking at ways to let Ukrainian refugees convert cash -sources
By Balazs Koranyi and Jan Strupczewski FRANKFURT/VERSAILLES – The European Central Bank is working on a financial facility to let millions of Ukrainian refugees convert their savings into hard currency, to help…
China bars mainland brokers from promoting SPAC deals in Hong Kong – sources
By Scott Murdoch, Samuel Shen and Selena Li SYDNEY/HONG KONG – China’s securities regulator has barred the country’s investment banks it regulates from acting as promoters of blank-check firms in Hong Kong,…
Banks in talks with distressed buyers on Russian assets – sources
By Davide Barbuscia and Yoruk Bahceli NEW YORK/LONDON – Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions fears and…
Exclusive-Boeing aims to nearly double 737 MAX production by end-2023 -sources
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS – Boeing Co has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the end of…
Exclusive-Italian prosecutors to wrap up probe on Boeing 787 parts by July – sources
By Francesca Landini BRINDISI, Italy – Prosecutors investigating suspected flawed parts produced by an Italian company for the Boeing 787 Dreamliner are expected to wrap up the probe by July, when they…
Julius Baer halts business with new Russian clients -sources
By Brenna Hughes Neghaiwi and Saeed Azhar ZURICH – Swiss wealth manager Julius Baer has halted any new business with wealthy Russians, two sources familiar with the bank’s operations said, as European…
Biden administration studying whether biofuel waiver could ease food inflation -sources
By Jarrett Renshaw – U.S. President Joe Biden’s administration is studying whether waiving biofuel blending mandates could help offset a surge in prices for key food ingredients like corn and soy oil…
Brazil economy minister backs bigger cooking gas subsidies as crude costs soar -sources
By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s economy minister backs a proposal to expand cooking gas subsidies for low-income families in response to soaring crude prices during the Ukraine conflict,…
Exclusive – Russian firms rush to open Chinese bank accounts as sanctions bite – sources
By Samuel Shen and Andrew Galbraith SHANGHAI – The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person…
U.S. preparing further sanctions against Russian oligarchs -sources
By Daphne Psaledakis and Matt Spetalnick WASHINGTON -The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar with the matter…
UniCredit’s Banco BPM bid plan stymied by Ukraine crisis, sources say
By Pamela Barbaglia LONDON – UniCredit has paused efforts to buy Banco BPM after losing more than a fifth of its value since Russia invaded Ukraine, two sources close to the matter…
Exclusive-Nord Stream 2 owner considers insolvency after pipeline halt, sanctions -sources
By Aziz El Yaakoubi and Shariq Khan -The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the…
IEA ministers discuss release of 60 million barrels of oil -sources
LONDON – Ministers from member countries of the International Energy Agency (IEA) are discussing the release of 60 million barrels of oil from storage in a meeting on how to respond to…
Exclusive-Tax energy firms’ windfall profits to raise green cash, EU to tell countries – sources
By Foo Yun Chee and Kate Abnett BRUSSELS – The European Commission will propose that member countries tax the profits energy companies made from recent gas price spikes and invest the revenue…
Russian oil exports continue despite payment issues – sources
MOSCOW/LONDON – Russian oil exports continued to flow to Europe and onwards on Friday, even as Russian sellers and Western buyers said they struggled with payments, banking guarantees and shipping after the…
OPEC+ deal seen on track despite Russia’s Ukraine invasion -sources
By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar MOSCOW/LONDON – A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia’s invasion of Ukraine, OPEC+ sources said,…
Biden to announce U.S. Supreme Court pick Friday at White House -sources
WASHINGTON – President Joe Biden planned to announce his nominee for the U.S. Supreme Court on Friday at the White House, according to two people familiar with the process. (Reporting by Jarrett…
India explores setting up rupee trade accounts with Russia to soften sanctions blow – sources
By Rajendra Jadhav, Nupur Anand and Aftab Ahmed MUMBAI – India is exploring ways to set up a rupee payment mechanism for trade with Russia to soften the blow on New Delhi…
Sanctions could complicate Citigroup sale of Russian consumer bank -sources
By David Henry and Matt Scuffham NEW YORK – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly confirmed bidder,…
U.S. banks do not expect major financial impact, risk contagion from Russia sanctions – sources
WASHINGTON – Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries are imposing…
Oaktree hires Morgan Stanley to find investor in Italy’s Banca Progetto – sources
By Valentina Za, Pamela Barbaglia and Elisa Anzolin MILAN – Oaktree has hired Morgan Stanley to sell a stake in Banca Progetto in a deal that could value the challenger bank at…
Exclusive-VW could issue common, preference shares in possible Porsche AG IPO – sources
HAMBURG – Volkswagen is weighing issuing an equal number of common and preference shares in a potential listing of luxury carmaker Porsche AG and may pay a special dividend to its owners…
Potential investors in India LIC’s giant IPO fret over govt control of insurer -sources
By Nupur Anand, Aftab Ahmed and Scott Murdoch MUMBAI – Prospective investors in Life Insurance Corp of India’s (LIC) $8 billion IPO are seeking assurances from company management that it will not…
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