EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry of Economic Affairs show the heightened state of alert about … Read more

Wall Street tumbles, as European shares again retreat

Nasdaq closes at lowest since late 2020 World, European shares give back earlier gains China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Graphic: Global asset performance WASHINGTON / MILAN, April 26 (Reuters) – US shares tumbled on Tuesday, with the Nasdaq posting … Read more

Cryptoverse: 10 billion reasons why bitcoin could become a reserve currency

April 12 (Reuters) – A cryptocurrency campaign promises to raise $ 10 billion in bitcoin to support its own “stablecoin” is set on fire. It is part of a broader movement to crown bitcoin as the reserve currency of the new century. Seoul-based Terraform Labs has so far built up nearly $ 40,000 worth of … Read more

Thousands of freight cars stranded on Ukraine’s border during war with exports

LVIV, Ukraine, April 7 (Reuters) – In western Ukraine, some 1,100 trains carrying grain stuck near Poland’s main railway station are unable to transport their cargo abroad. These are just a few of the 24,190 wagons transporting various products for export, including vegetable oil, iron ore, metals, chemicals and coal, which have been waiting to … Read more

Exclusive right: Chinese refinery avoids new Russian oil trade

Smoke spews from chimneys of oil refinery in Nanjing, Jiangsu Province in eastern China, December 28, 2006. REUTERS / Sean Yong Sign up now for FREE unlimited access to Reuters.com Sign up Sinopec, CNOOC, PetroChina, Sinochem avoid new acquisitions Concerns about sanctions keep state-owned companies in check Some independent refining companies continue to import crude … Read more