https://www.theglobeandmail.com/business/article-chinese-refiners-tap-alternative-payments-to-keep-russian-oil-flowing/ Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, […]
Category: Breaking News
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Russian forces seize Ukrainian nuclear power plant after attack
https://www.cnbc.com/2022/03/04/russia-ukraine-latest-updates.html Russian forces attacked Europe’s largest nuclear power plant in Ukraine early Friday morning, causing a fire to break out at an adjacent training facility. Ukraine’s nuclear agency says Russian […]
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European markets pull back as Russia attacks Ukraine power plant
https://www.cnbc.com/2022/03/04/europe-markets-russia-attacks-ukraine-power-plant.html The pan-European Stoxx 600 slid 0.8% in early trade, with autos dropping 2.7% to lead losses while utilities bucked the downward trend to add 0.8%. A fire broke out at a training […]
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Crescent Point Energy reports $121.6-million quarterly profit, boosted by higher oil and gas prices
https://www.theglobeandmail.com/business/article-bank-of-montreal-tops-quarterly-profit-expectations-on-strong-retail/ Crescent Point Energy Corp. CPG-T +0.32%increase reported a fourth-quarter profit of $121.6-million compared with a loss of $51.2-million a year ago, helped by higher oil and gas prices. The Calgary-based company says […]
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Jobless claims total 215,000, fewer than expected; productivity rises 6.6%
https://www.cnbc.com/2022/03/03/weekly-jobless-claims-.html Jobless claims total 215,000, fewer than expected; productivity rises 6.6% Initial claims for unemployment insurance totaled 215,000, the lowest tally since the beginning of the year and fewer than […]
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Crude Oil
Oil jumps, Brent above $116 per barrel as supply issues persist https://www.cnbc.com/2022/03/03/oil-markets-russia-sanctions-russia-ukraine-invasion-global-supply.html Oil prices extended their rally on Thursday, with Brent rising above $116 a barrel, as trade disruption and […]
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Federal Reserve
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that […]
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Magna, Couche-Tard among Canadian companies with Russian operations staying put as more multinationals exit
Canadian Companies with Russia ties https://www.theglobeandmail.com/business/article-canadian-companies-with-russian-operations-stay-put-as-more/ As the list of international companies pulling out of Russia grows longer by the day, Canadian corporations doing business there are grappling with difficult […]
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Pre Mkt Mar 2-US Stock Futures
Stock futures inch lower as Russia-Ukraine tensions weigh PUBLISHED WED, MAR 2 20226:07 PM ESTUPDATED 2 HOURS AGO U.S. stock index futures were modestly lower during overnight trading Wednesday, after […]