News Wire

Globals stock slide on inflation fears, dollar gains

26/02 The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive.  Full story

Oil executives say demand will rise, despite emphasis on renewables

18h49 Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp Chief. . .  Full story

SoftBank-backed Coupang aims to deliver mammoth U.S. IPO at over $50-bln valuation

18h39 South Korea's Coupang Inc, which is backed by SoftBank Group Corp, is targeting a blockbuster stock market debut that would value the e-commerce giant at well over $50 billion and make it the largest. . .  Full story

Spinoff of Brazil retailer GPA's wholesale unit boosts combined company's market cap by 10%

18h37 Brazilian food retailer GPA SA's spinoff and Monday listing of its Assai wholesale unit has boosted the combined company's market capitalization by 10%, highlighting the importance of the format to the company's overall growth.. . .  Full story

Italian asset manager Anima ready to look at M&A opportunities

18h33 Anima Holding, Italy's biggest independent asset manager, sees several potential opportunities arising from ongoing consolidation in the country's banking sector, CEO Alessandro Melzi D'Eril said on Monday.. . .  Full story

Wall Street rises on U.S. stimulus and vaccine hopes as bond markets calm

18h33 Stock markets rose on Monday, with investors taking lower U.S. bond yields in stride as a sweeping $1.9 trillion U.S. coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine spurred Wall. . .  Full story

Barrick CEO says tie-up with Freeport would have been logical move

18h31 Barrick Gold Chief Executive Mark Bristow said on Monday a combination with copper miner Freeport McMoRan "had a lot of logic to it" even though a deal between the companies did not pan out.. . .  Full story

Euro zone yields fall for 2nd session

18h27 Benchmark German government bond yields dropped for a second consecutive session on Monday as investor sentiment improved after reflationary bets led bond markets to their biggest monthly selloff in years.. . .  Full story

Lebanon banking commission to assess if lenders met capital target - governor

18h27 Lebanon's Banking Control Commission will evaluate which banks met targets for boosting their capital and liquidity, the central bank governor said on Monday, after the expiry of a deadline for them to do. . .  Full story

Britain's financial watchdog bosses take pay cut after LCF report

18h23 Executive committee members of Britain's Financial Conduct Authority face pay cuts and no bonuses in future following a highly critical report into the collapse of London Capital & Finance (LCF) investment fund, the FCA's chair. . .  Full story

Mumbai power outage could have been cyber sabotage, says minister

18h22 A power failure that crippled India's financial capital of Mumbai in western Maharashtra state last year could have been a case of cyber sabotage, a local minister said on Monday, as China denied a. . .  Full story

TREASURIES-Benchmark U.S. yield again eases from one-year high

18h18 Benchmark U.S. Treasury yields eased for a second consecutive session on Monday after climbing to a one-year high last week as Federal Reserve officials continued to downplay runaway inflation concerns, but a round of solid. . .  Full story

WTO chief calls for more vaccine plants in developing countries

18h13 The World Trade Organization's new director-general said on Monday the trade body needs to work with companies to open up more manufacturing sites for COVID-19 vaccines in developing countries.. . .  Full story

Fiat Chrysler Automobiles pleads guilty in U.S. labor probe

18h12 Fiat Chrysler Automobiles pleaded guilty Monday to charges it conspired with company executives to make illegal, lavish gifts to United Auto Workers (UAW) leaders and undermined workers’ confidence in collective bargaining.. . .  Full story

Exxon names Ubben, Angelakis to board amid investor pressure for change

18h10 Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and. . .  Full story

Sterling rises supported by Britain's swift vaccine roll-out

18h09 Sterling edged higher against both the euro and the dollar on Monday as a swift coronavirus vaccine roll-out supported the pound and fuelled hopes of economic recovery.. . .  Full story

South African rand gains as global bond market calms

18h06 South Africa's rand recovered on Monday from the previous session's four-week low against the U.S. dollar as global bond markets calmed after last week's sell-off.. . .  Full story

Credit Suisse suspends supply chain finance funds

18h02 The asset management arm of Zurich-based Credit Suisse said on Monday it has suspended redemptions from its $10 billion supply chain finance funds over concerns about the value of the funds' investments.. . .  Full story

Inflationary expectations among Russian households fell in Feb -cenbank

18h00 Inflationary expectations among Russian households declined to 9.9% in February from 10.5% in January, the central bank said on Monday.. . .  Full story

EU auditors warn over 5 bln euro emergency Brexit spending

18h00 The European Union lacks tight oversight of 5 billion euros in emergency Brexit aid, the bloc's auditors said on Monday, warning over governance risks regarding quick cash injections as Brussels prepares to disburse massive amounts. . .  Full story

United orders another 25 Boeing 737 MAX jets to prepare for recovery

17h59 United Airlines Holdings Inc has ordered 25 new Boeing 737 MAX aircraft to receive in 2023 and moved up the delivery of others as it prepares to replace aging jets and meet post-pandemic demand. . .  Full story

Goldman Sachs co-head of asset management arm to retire

17h57 Goldman Sachs Group Inc's global co-head of asset management arm, Eric Lane, will retire after more than two decades at the bank, according to a memo seen by Reuters on Monday.. . .  Full story

ECB slowed bond buys last week even as market tanked

17h55 The European Central Bank slowed its net purchases of debt last week even as borrowing costs jumped in the financial markets, casting a shadow over a nascent recovery in the pandemic-stricken euro zone economy.. . .  Full story

Germany likely to suspend debt brake also next year -Scholz

17h47 Germany is likely to suspend constitutionally enshrined limits on new borrowing again next year to finance more rescue and stimulus measures to help the economy recover from the COVID-19 pandemic, Finance Minister Olaf Scholz said. . .  Full story

ECB must react to unwarranted yield surge -Villeroy

17h41 Some of the recent rise in bond yields is unwarranted and the European Central Bank must push back using the flexibility embedded in its bond purchase programme, ECB policymaker Francois Villeroy de Galhau said. . .  Full story

Bill Gates urges need to reduce 'green premium' in energy transition

17h41 Investor and philanthropist Bill Gates said at a virtual conference on Monday that cheap green hydrogen would be a "huge deal" in helping the energy transition but added that its so-called green premium will factor. . .  Full story

Chinese hackers target Indian vaccine makers SII, Bharat Biotech, says security firm

17h40 A Chinese state-backed hacking group has in recent weeks targeted the IT systems of two Indian vaccine makers whose coronavirus shots are being used in the country's immunisation campaign, cyber intelligence firm Cyfirma told Reuters.. . .  Full story

Blackstone CEO Schwarzman took home $610.5 mln in 2020

17h36 Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of. . .  Full story

ECB wants greater role in fighting bubbles: de Guindos

17h32 The European Central Bank should have a greater role in setting so-called "macroprudential policy" aimed at preventing financial bubbles and cushioning crashes, which is currently in the hands of national authorities, ECB Vice President Luis. . .  Full story

Bulls run wild: Chinese funds throw more fuel on copper's flames: Andy Home

17h30 Copper punched through the $9,000-per tonne level last week for the first time since 2011, with a red-hot rally showing no signs of abating.. . .  Full story

Dollar gains on reflation trade, Aussie recovers

17h20 The dollar index rose to a three-week high on Monday as investors bet on faster growth and inflation in the United States, while the Australian dollar gained after Australia's central bank increased its bond purchases. . .  Full story

Europe's unusually low gas stocks set to underpin prices

17h18 European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.. . .  Full story

TSX rises on commodity-linked boost, upbeat manufacturing data

17h09 Canada's main stock index rose on Monday as energy and materials stocks tracked gains in commodities, while data showed that the domestic manufacturing activity grew at a faster pace in February than in the. . .  Full story

Gold ekes out gains as U.S. yields soften

17h09 Gold prices rose on Monday as a retreat in U.S. Treasury yields helped it regain its status as an inflation hedge after a U.S. stimulus package moved one step closer to being signed into. . .  Full story

US STOCKS-Wall St jumps on J&J vaccine cheer, stimulus optimism

17h09 Wall Street's major averages rose 1.5% on Monday as bond markets calmed after a month-long selloff, while encouraging updates on the vaccine and stimulus fronts strengthened bets over a swift economic recovery.. . .  Full story

Former IMF chief Rato to stand trial in Spain on corruption charges

17h06 Former International Monetary Fund chief Rodrigo Rato, found guilty of embezzlement in 2018, is close to standing trial again in Spain after a court charged him with corruption, money laundering and tax dodging, a. . .  Full story

Oil rises on vaccine optimism, U.S. stimulus

17h02 Oil prices rose on Monday, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.. . .  Full story

U.S. manufacturing sector at three-year high, cost pressures mounting - ISM

17h00 U.S. manufacturing activity increased to a three-year high in February amid an acceleration in new orders, but factories continued to face higher costs for raw materials and other inputs as the pandemic drags on.. . .  Full story

SoftBank to write down $1.5 bln Greensill investment - Bloomberg News

16h52 SoftBank Group Corp's Vision Fund has substantially written down its $1.5 billion investment in supply-chain finance company Greensill Capital, Bloomberg News reported on Monday, citing people familiar with the matter.. . .  Full story

Italy set to offer its first green bond, betting on strong demand

16h47 Italy is set to offer its first ever green bond in the coming days, taking advantage of bumper demand for environmentally friendly assets.. . .  Full story

Indian regulator proposes stricter rules on independent directors

16h37 India's market regulator proposed on Monday tighter eligibility and appointment rules for independent directors of listed companies, a move seen aimed at protecting minority investors.. . .  Full story

Latam currencies rise as bonds stabilize, commodity prices rise

16h32 Latin American currencies firmed on Monday, in line with broader emerging market peers, as yields on U.S. Treasuries calmed after a sharp climb last week, while rising commodity prices also lifted assets in the. . .  Full story

Endeavour pivots to exploration to shake 'M&A junkie' image after deal spree

16h19 Canadian gold firm Endeavour Mining, which is preparing for a London listing late next quarter, is switching its focus to integrating new mines after a $2.7 billion acquisition spree in West Africa last year spooked. . .  Full story

Ormat shares drop after short-seller Hindenburg attacks energy company

16h17 Short-seller Hindenburg Research said on Monday it has taken a short position in the shares of Ormat Technologies Inc, lobbing several accusations against the renewable energy company including "acts of international corruption.". . .  Full story

Emerging markets feel the heat of the 'bondfire'

16h15 Just when developing economies were ready to bask in the post-COVID rebound in global growth, in sweeps a bond market blaze to scorch them again.. . .  Full story

Canadian dollar rallies as bond yields hold below recent highs

16h11 The Canadian dollar rose against the greenback on Monday as pressure on stocks due to the recent jump in bond yields faded and data showed narrowing in Canada's current account deficit, with the loonie. . .  Full story

Facebook signs up partners for German news product, but Springer baulks

16h08 Facebook signed up a string of German media partners on Monday to provide content for a local news product, but the publisher of the country's best-selling newspaper said it would not take part on. . .  Full story

-Rocket Lab set to launch publicly in $4.1 bln SPAC merger

16h04 Space transportation startup Rocket Lab USA Inc on Monday agreed to go public through a merger with a blank-check firm backed by private equity firm Vector Capital, in a deal that values the combined. . .  Full story

Tin retreats from nine-year high but fundamentals underpin prices

16h01 Tin prices plunged more than 10% on Monday as last week's nine-year highs triggered some technical selling and prompted investors to book profits, though shortages capped losses.. . .  Full story

Deals of the day-Mergers and acquisitions

16h00 The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Monday:. . .  Full story

Chinese blockchain firm SOS denies allegations by short-sellers

15h58 Chinese blockchain firm SOS Ltd on Monday called the allegations made by two short-sellers as "distorted, misleading and unsubstantiated" and claimed that social media accounts of some board members may have been briefly disabled or. . .  Full story

Italy picks Intesa, Credit Agricole as structuring advisors for green issue

15h57 Italy's Treasury has picked Intesa Sanpaolo and Credit Agricole as structuring advisors for a green bond issue, a Treasury official said on Monday.. . .  Full story

Spanish energy companies to carry the torch for renewable deals

15h56 Several Spanish clean energy companies are planning stock market listings or stake sales within the next two years, taking advantage of a market boom in green assets to raise funds to build more wind. . .  Full story

Iraq's oil exports rise to 2.96 mln bpd in February, says ministry

15h53 Iraqi oil exports rose to 2.96 million barrels per day (bpd) in February from 2.868 million bpd the previous month, the Oil Ministry said on Monday.. . .  Full story

Twilio to invest up to $750 mln in telecom company Syniverse

15h49 Cloud-communications platform Twilio Inc said on Monday it would invest up to $750 million in telecommunications services company Syniverse Technologies LLC.. . .  Full story

Britain's National Grid warns of tight electricity supply this week

15h47 Britain's National Grid warned on Monday the country's electricity supply margins are expected to be tight this week.. . .  Full story

CoStar sweetens buyout offer for real estate data group CoreLogic

15h45 Commercial property data vendor CoStar Group Inc on Monday sweetened its offer to buy CoreLogic Inc by adding another $450 million, hoping to seal a deal and triumph over another competing bid by private equity. . .  Full story

German inflation unchanged in February

15h44 Germany's annual consumer price inflation held steady in February, the Federal Statistics Office said on Monday.. . .  Full story

Motor racing-Aston Martin's F1 return drives new sponsor interest

15h42 Aston Martin's return to Formula One as a constructor for the first time since 1960 has driven a surge of sponsor interest in the Silverstone-based team, according to principal Otmar Szafnauer.. . .  Full story

Rouble firms on higher oil as Moscow Exchange begins longer trading hours

15h34 The Russian rouble firmed on Monday, pricing in rising oil prices and appetite for riskier assets, as the Moscow Exchange opened three hours earlier than previously in a move to capture more Asian investors.. . .  Full story

MicroStrategy bitcoin holding valued at $4.38 bln after latest buy

15h34 Major bitcoin corporate backer MicroStrategy Inc said on Monday it bought another 328 bitcoin for about $15 million in cash, swelling its holdings of the cryptocurrency and sending the company's shares 7% higher in premarket. . .  Full story

-Online reviews platform Trustpilot plans $1.4 bln London IPO

15h22 Reviews website Trustpilot is considering an initial public offering (IPO) in London, it said on Monday, as unlisted European companies look to cash in on rampant investor demand for tech shares.. . .  Full story

Abu Dhabi's ADQ assets estimated at $110 billion

15h16 Abu Dhabi's state holding company ADQ is worth $110 billion, sovereign wealth fund tracker Global SWF said, the first publicly available estimate of ADQ's assets under management.. . .  Full story

Brazil manufacturing PMI rises in Feb to 58.4 from 56.5 in Jan -IHS Markit

15h00 The pace of expansion in Brazil's manufacturing sector picked up again in February after three months of deceleration, a survey of purchasing managers' activity showed on Monday, driven by strong increases in new orders and. . .  Full story

COLUMN-Asia's physical crude oil isn't as tight as Brent pricing suggests: Russell

15h00 When a market gets behind a narrative it's tempting to discount factors that challenge the prevailing discourse, and this may be the case with the current bullish view on crude oil.. . .  Full story

Energy bourse EEX plans financial gas futures for mid-year

14h51 EEX, a European energy bourse known mostly for its electricity contracts, will add cash-settled gas futures in the middle of 2021 to offer its trading participants risk hedging in the two related markets, its chief. . .  Full story

Perrigo to sell generic drugs business for $1.55 bln

14h46 Perrigo Company Plc on Monday posted quarterly earnings below estimates and said it would sell its underperforming generic drugs business for $1.55 billion, as the consumer healthcare products company sharpens focus on its core business.. . .  Full story

Latest Irish lockdown pushed annual retail sales 14.1% lower in January

14h43 Irish retail sales fell 14.1% year-on-year in January after the government reimposed a strict lockdown of the economy that is set to last for at least another two months, data showed on Monday.. . .  Full story

Hedge funds sell oil as bull run stutters: Kemp

14h40 Hedge funds have reduced their position in petroleum futures and options for the first time in 16 weeks, the first weekly net sales since the first successful coronavirus vaccine trials were announced in early. . .  Full story

No reason to think vaccines ineffective against COVID variants - UK's Johnson

14h32 British Prime Minister Boris Johnson said on Monday there was no reason to think that COVID-19 vaccines were ineffective against new variants of the coronavirus.. . .  Full story

OPEC oil output falls in February on Saudi additional cut -survey

14h31 OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found, ending a run of seven consecutive monthly increases.. . .  Full story

UK's Johnson says economic recovery could be stronger than expected

14h29 British Prime Minister Boris Johnson said on Monday the country's economy could recover more strongly after the coronavirus pandemic than some "pessimists" had predicted.. . .  Full story

UK shopper numbers rise for sixth straight week as Britons tire of lockdown

14h28 The number of people heading out to shops across Britain climbed 11% last week from a week earlier, in a sixth week of gains despite a national lockdown, market researcher Springboard said on Monday.. . .  Full story

AstraZeneca sold out of vaccine maker Moderna last year

14h26 AstraZeneca sold a stake it held in rival COVID-19 vaccine maker Moderna over the course of last year, the Anglo-Swedish drugmaker's latest annual report shows. London-listed AstraZeneca did not specify how much it sold the stake. . .  Full story

-Hong Kong's Rosewood Hotel Group to file for SPAC listing - sources

14h24 Hong Kong's luxury Rosewood Hotel Group, a unit of property developer New World Development , plans to file for a special purpose acquisition company (SPAC) listing, three people with knowledge of the matter said, adding. . .  Full story

Sri Lankan shares fall as consumer, financial stocks drag

14h18 Sri Lankan shares closed lower on Monday, snapping two straight sessions of gains, dragged down by consumer and financial stocks.. . .  Full story

Klarna funding round makes it Europe's most valuable startup at $31 bln

14h10 Swedish payments firm Klarna has nearly tripled its valuation to $31 billion in less than six months with a new $1 billion private fundraising round, the company said on Monday.. . .  Full story

SoftBank-backed SPAC chops IPO size to $280 mln

14h03 SVF Investment Corp. 3, a blank-check firm backed by SoftBank Group Corp, cut the size of its initial public offering to $280 million from $350 million, a regulatory filing showed on Monday.. . .  Full story

Soybeans rise on hopes of new demand for U.S. supplies

14h03 Chicago soybean futures rose on Monday as delays in exports from Brazil raised hopes of higher demand for U.S. beans at a time of tight U.S. supplies.. . .  Full story

Bond jitters putting markets in 'completely new light', BIS says

14h00 The swift rise of borrowing costs on global bond markets over the last month could completely alter the outlook for financial markets, according to the central bank for the world's central banks, the Bank. . .  Full story

SPACs turn to 'stonks' as amateur traders take on more risk

14h00 For Jonny Coreson, $4 billion is worth $5 billion.. . .  Full story

Nigeria's Seplat targets cost cuts, keeps acquisitions on the radar

13h57 Nigerian oil and gas company Seplat aims to cut costs and is looking out for acquisitions even after the crash in crude prices eroded its 2020 revenue.. . .  Full story

Nigeria's Okonjo-Iweala prepared for task of reviving WTO

13h57 The World Trade Organization's (WTO) first female and first African director-general Ngozi Okonjo-Iweala started work on Monday, ending a six-month leadership void as she aims to revive the global trade watchdog ahead of a major. . .  Full story

Bitcoin rises 6% as risk assets rally; Citi says at a "tipping point"

13h45 Bitcoin rose nearly 6% on Monday as risk assets rallied after last week's bond rout cooled, and Citi said the most popular cryptocurrency was at a "tipping point" and could become the preferred currency. . .  Full story

Asia Distillates-Gasoil cash differential slips as supply outlook weighs

13h41 Asia's cash differentials for cargoes of 10 ppm gasoil eased on Monday as the near-term supply outlook dampened sentiment amid a lack of arbitrage opportunities. The 10 ppm cash discount. . .  Full story

UK factory output grows at slowest since May, consumer lending slides

13h34 British manufacturers reported their slowest output growth since May last month, hit by Brexit and COVID-19-related delays, and consumers cut back heavily on borrowing in January as they returned to lockdown.. . .  Full story

France steps up economic stimulus rollout with more cash for industry

13h27 The French government is accelerating the rollout of its economic stimulus plan by ploughing an extra billion euros into support for the industrial sector, Finance Minister Bruno Le Maire said on Monday.. . .  Full story

Finland declares state of emergency as COVID-19 cases rise

13h20 The Finnish government declared a state of emergency on Monday due to rising COVID-19 infections, a step that would allow the Nordic country to shutter restaurants and to impose other measures to blunt the pandemic.. . .  Full story

WTO to hold ministerial meeting in Geneva in late 2021 - sources

13h14 World Trade Organization members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021, delegates told Reuters.. . .  Full story

Japan's Mizuho restores ATMs, online banking after glitch halts services

13h05 Mizuho Bank, one of Japan's major retail banks, said on Monday it had restored cash machines and online banking services after a data glitch closed down about 80% of its automated teller machines (ATMs). . .  Full story

Italy's economy contracts 8.9% in 2020, deficit and debt surge but less than expected

13h04 Italy's virus-battered economy shrank broadly as expected in 2020, data showed on Monday, while the budget deficit and public debt both surged but somewhat less than was forecast.. . .  Full story

Kazakhstan's reports 33.6% jump in 2020 net income

13h01 Kazakh fintech firm said on Monday its 2020 net income jumped 33.6% to 263.3 billion tenge ($630 million) and proposed a dividend payout of around 171 billion tenge ($409 million), subject to shareholder approval.. . .  Full story

One year into pandemic, sky begins to clear over U.S. economy

13h00 Despite the U.S. economy's near miss with a depression last year and an ongoing coronavirus pandemic that has brought travel to a virtual halt, Jeff Hurst, the chief executive of vacation rental firm VRBO, sees. . .  Full story

Huawei CFO back in court fighting U.S. extradition

13h00 Huawei Chief Financial Officer Meng Wanzhou will return to a Canadian court Monday for the final phase of the arguments in her U.S. extradition case, which would focus on whether her arrest was politically motivated. . .  Full story

British insurer Aviva sets out net zero 2040 climate strategy

12h54 British insurer Aviva plans to become a net zero carbon emissions company by 2040, it said on Monday, claiming this was the most demanding target set by any major insurer worldwide.. . .  Full story

Please disregard Italian deficit and debt snaps

12h52 STORY_NUMBER: STORY_DATE: STORY_TIME:[10:33:26] (Reporting by Crispian Balmer). . .  Full story

Pent-up demand driving global factory revival

12h47 Demand for manufactured goods drove extended growth in factories across Europe and Asia in February, but a slowdown in China underscored the challenges countries face as they seek a sustainable recovery from the COVID-19 pandemic. . .  Full story

Currencies mixed, stocks firm as PMI data show uneven recovery

12h46 Central European currencies were mixed on Monday while stocks firmed, as data from the region showed a recovery in manufacturing sentiment had stalled in Hungary and slowed in the Czech Republic, but picked up. . .  Full story

BNP Paribas Polish unit to wait before deciding on FX loan settlements

12h37 The Polish unit of BNP Paribas will not decide whether to offer out-of-court settlements to the holders of Swiss-franc mortgages until the Supreme Court issues guidelines on the issue on March 25, its chief executive. . .  Full story

China's furtive bitcoin trade heats up again, worrying regulators

12h33 Bitcoin's 300% price surge since October has revived China's grey market in cryptocurrency trading, putting regulators on alert over financial risks and capital outflows as volatility spikes.. . .  Full story

Thailand sees at least $10 bln investment in industrial east this year

12h27 Thailand expects investment to triple to at least $10 billion in the country's industrial east this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases, an. . .  Full story

Palm oil in focus as Swiss vote on trade pact with Indonesia

12h18 Swiss voters will decide on a free trade agreement (FTA) with Indonesia on Sunday, with lower tariffs on palm oil imports the main issue in what the polls predict will be a tight referendum.. . .  Full story

China's Inner Mongolia to end cryptocurrency mining, ban new steel, coke projects

12h16 China's Inner Mongolia will end all cryptocurrency mining projects and stop reviewing new projects in industries which consume large amounts of energy, such as steel, coke and methanol production, as it attempts to meet energy. . .  Full story