BISV

Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US sanctions restrict payments, people familiar with the matter said. The United States on …

Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments Read More »

Analysis: Out of fashion: Gucci faces daunting task to replace top designer

PARIS, Nov 25 (Reuters) – The abrupt departure from Gucci of Alessandro Michele, the flamboyant designer who was a favorite of Harry Styles and Lady Gaga, increases pressure on owner Kering ( PRTP.PA ) as it faces slowing revenue growth at the Italian fashion house. News of the creative director’s exit after seven years comes …

Analysis: Out of fashion: Gucci faces daunting task to replace top designer Read More »

Bankers bet billions on new wave of debt-for-nature deals

More countries are linking debt costs to conservation goals Seychelles, Belize, Barbados among those to strike deals Ecuador swap could be the biggest yet at $800 million Cape Verde, Sri Lanka and others are also exploring deals SHARM EL-SHEIKH, Egypt, Nov 17 (Reuters) – The Galapagos Islands, whose thousands of unique species inspired Darwin’s theory …

Bankers bet billions on new wave of debt-for-nature deals Read More »

Exclusive: Germany steps up emergency cash plans to cope with blackout

FRANKFURT, Nov 15 (Reuters) – German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine. The plans include the Bundesbank, Germany’s central bank, hoarding extra billions to …

Exclusive: Germany steps up emergency cash plans to cope with blackout Read More »

Show us the money: Developing world at COP27 seeks financing details

Finance Day at COP27 puts focus on banks, investors, insurers Emerging markets demand more help to pay for transition UN experts flag dozens of climate projects worth $120 billion SHARM EL-SHEIKH, Egypt, Nov 9 (Reuters) – Finance took center stage at the COP27 climate talks on Wednesday, with UN experts publishing a list of projects …

Show us the money: Developing world at COP27 seeks financing details Read More »

EXCLUSIVE Russia seeks sanctions exemptions for state bank in Ukraine grain deal talks-sources

Russia wants the UN to help ease grain, fertilizer exports Requests include sanctions-hit Rosselkhozbank – sources The plan would let Rosselkhozbank process payments for grain Request is a key part of talks on rolling over grain deal Nov 4 (Reuters) – Russia wants the West to ease restrictions on state agriculture lender Rosselkhozbank to facilitate …

EXCLUSIVE Russia seeks sanctions exemptions for state bank in Ukraine grain deal talks-sources Read More »

China to make ‘substantial’ COVID policy changes soon – ex-govt expert

Remarks add to investor optimism on further easing Ex-official says changes likely in next 5-6 months China may shorten quarantine for inbound travelers – sources Health officials set to hold a news conference on Saturday SHANGHAI, Nov 4 (Reuters) – China will make substantial changes to its “dynamic-zero” COVID-19 policy in coming months, a former …

China to make ‘substantial’ COVID policy changes soon – ex-govt expert Read More »

New PM Rishi Sunak pledges to lead Britain out of economic crisis

Sunak meets King Charles on Tuesday morning Vows to rebuild trust in the country Expected to start forming a cabinet Sunak faces a huge challenge to rebuild stability LONDON, Oct 25 (Reuters) – Rishi Sunak became Britain’s third prime minister in two months on Tuesday and pledged to lead the country out of a profound …

New PM Rishi Sunak pledges to lead Britain out of economic crisis Read More »

When Chinese protesters came up against Xi’s security machine

BEIJING, Oct 13 (Reuters) – Jack Yao, a Chinese Communist Party member, never wanted to be an activist. Having escaped rural poverty and joined Beijing’s middle classes through decades of study and work, he saw himself as a patriotic poster child of the party’s successful rule. Yet the 43-year-old’s life has been upended since he …

When Chinese protesters came up against Xi’s security machine Read More »