India’s HPCL to start Barmer oil refinery and petchem complex in January

By Nidhi Verma BARMER, India (Reuters) – India’s Hindustan Petroleum Corp (HPCL) plans to start its 9 million tonne-a-year Barmer refinery and petrochemical project in Rajasthan state by January 2024, the oil minister said on Tuesday, helping to cut petrochemical imports. India, the third biggest oil importer, is expanding refining capacity to meet rising demand …

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Thailand agrees $2.35 billion more in borrowing to help energy subsidy fund

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved another 81.2 billion baht ($2.35 billion) of new borrowing in the 2023 fiscal year, mostly for a state fund used to subsidise fuel costs, an official said, as the government battles high inflation. The Oil Fuel Fund Office’s borrowing plan will now increase by 80 billion baht …

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Anleger in Europa auf dem Rückzug – Putin und Daten im Blick

Frankfurt (Reuters) – Geopolitische Sorgen vor dem Jahrestag des russischen Einmarschs in die Ukraine und Konjunkturdaten lassen Anleger an Europas Börsen in den Rückwärtsgang schalten. Der Dax gab am Dienstag um bis zu 1,2 Prozent auf 15.287 Punkte nach. Sein europäisches Pendant EuroStoxx50 büßte in der Spitze 1,4 Prozent auf 4210 Zähler ein. “Fundamental geht …

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Switzerland sent $3.6 billion of gold to Turkey in Jan, the most since at least 2012

By Peter Hobson LONDON (Reuters) -Switzerland sent 58.3 tonnes of gold worth 3.3 billion Swiss francs ($3.6 billion) to Turkey in January, by far the most for any month in records stretching back to 2012, Swiss customs data showed on Tuesday. Gold is traditionally seen as a safe means of storing wealth and Turkish demand …

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Putin tells business elite: Don’t beg for Western money, invest in Russia

MOSCOW (Reuters) – President Vladimir Putin took a swipe at Russia’s business elite on Tuesday, urging those “begging” for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces. “Trying to run around with your hand outstretched, grovelling, begging for money, …

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Putin: Russia suspends participation in last remaining nuclear treaty with U.S

MOSCOW (Reuters) -President Vladimir Putin said on Tuesday that Russia was suspending its participation in the New START treaty with the United States that limits the two sides’ strategic nuclear arsenals. Putin stressed that Russia was not withdrawing from the treaty but the suspension further imperils the last remaining pillar of arms control between the …

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Wie sich der deutsch-russische Handel seit Kriegsbeginn verändert hat

Berlin (Reuters) – Russland war jahrelang für die deutschen Exporteure der am schnellsten wachsende große Auslandsmarkt. Dann folgten erste Dämpfer wegen der Sanktionen nach der russischen Annexion der Krim 2014, ehe der Überfall auf die Ukraine vor fast genau einem Jahr die Ausfuhren einbrechen ließ. Nachfolgend ein Überblick über die deutsch-russischen Außenhandelsbeziehungen: EXPORTE Die deutschen …

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