Stuff that matters
The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the “mayhem” sown by the United States in global energy markets. The OPEC+ decision to cut oil production despite stiff U.S. opposition has further strained already Read more
Dual-class shares, which have converted to primary listings in Hong Kong, can be included in the cross-border Stock Connect scheme, Shanghai and Shenzhen stock exchanges said on Saturday, potentially channeling fresh money into eligible stocks. The Stock Connect is an Read more
Argentina will regulate import authorizations more closely in an effort to prevent fraud and preserve reserves of U.S. dollars, Economy Ministry sources said on Saturday. The new system will include verification that the size of an importer’s request is consistent Read more
The Italian economy will grow more than expected in 2022 but will stagnate in 2023, the country’s main business lobby said on Saturday, warning that tensions between the European Union and Russia over gas supplies made the outlook highly uncertain. Read more
Monte dei Paschi di Siena’s (MPS) capital raising plan is entering a make-or-break stage with CEO Luigi Lovaglio and the banks due to guarantee the sale hammering out final details, people close to the matter said. MPS, which is 64% Read more
Nissan Motor Co Ltd (7201.T) is pressing partner Renault SA (RENA.PA) to cut its stake in the Japanese automaker and revamp their more than 20-year-old alliance, the Wall Street Journal said on Friday, citing people with knowledge of the talks. Read more
They did it to Huawei. They used it on Russia. Now, the United States is going after China’s advanced computing and supercomputer industry. The weapon? A little-known rule that enables U.S. regulators to extend their technology export control powers far Read more