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Chinese real estate developer Shimao defaults on $1 billion bond

Chinese real estate developer Shimao defaults on $1 billion bond

HONG KONG, July 3 (Reuters) – Chinese property developer Shimao Group ( 0813.HK ) missed interest and principal payments on a $1 billion offshore bond due on Sunday, in the latest blow to China’s property market. The default was the first missed public offshore payment for the Shanghai developer. With $6.1 billion in international bonds …

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Russia takes control of the Sakhalin gas project, raises stakes with the West

Russia takes control of the Sakhalin gas project, raises stakes with the West

On Thursday, Putin signed a decree on the provision of all rights The five-page decree followed the tightening of Western sanctions The move increases the risk for Western firms still in Russia Shell was already in negotiations to sell its stake in Sakhalin TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin raised the stakes in …

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Gazprom shares sank after the abolition of dividends for the first time since 1998

Gazprom shares sank after the abolition of dividends for the first time since 1998

The logo of the Russian energy company Gazprom can be seen at the station in Sofia, Bulgaria, April 27, 2022. REUTERS / Spasiiana Sergieva Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 30 (Reuters) – …

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Global stocks are falling as consumer data raises concerns about the recession

Global stocks are falling as consumer data raises concerns about the recession

LONDON, June 29 (Reuters) – World stock markets slipped for the second day in a row on Wednesday, and bond yields fell amid growing fears that policymakers looking to cut inflation would plunge their economies into recession. A series of weak data releases in Europe and the United States did not prevent central bankers from …

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Buffett's Berkshire buys more Occidental shares, raises stake to around 16.4%

Buffett’s Berkshire buys more Occidental shares, raises stake to around 16.4%

June 28 (Reuters) – Berkshire Hathaway Inc. (BRKa.N) Warren Buffett announced Monday that it has bought another 794,389 shares of Occidental Petroleum Corp. (OKSI.N), giving the conglomerate a nearly 16.4% stake in the Houston, Texas oil company. . The purchases were made in multiple transactions and cost about $ 44 million, Berkshire said in a …

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Stocks, oil are rising as China eases quarantine rules

Stocks, oil are rising as China eases quarantine rules

LONDON, June 28 (Reuters) – Global stocks rose on Tuesday as oil prices rose after China’s decision to ease some quarantine conditions for international arrivals, sparking hope for stronger growth and a revival in demand for goods. China has halved the quarantine time for incoming passengers by greatly easing one of the world’s strictest restrictions, …

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Credit Suisse found guilty in case of money laundering from cocaine

Credit Suisse is the first large Swiss bank to face a criminal trial Former banker found guilty of qualified money laundering The bank plans to file an appeal BELINZONA, Switzerland, June 27 (Reuters) – The Swiss Federal Criminal Court on Monday convicted Credit Suisse (CSGN.S) of failing to prevent money laundering by a Bulgarian cocaine …

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French energy giants are urging consumers to reduce energy consumption

French energy giants are urging consumers to reduce energy consumption

A pair of storks stand in a nest at the top of a high-voltage power line pole in front of the chimney of the Electricite de France (EDF) coal-fired power plant in Cordemais, Buee, France, February 25, 2022. REUTERS / Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 25 (Reuters) …

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Shares are rising, copper continues to fall while investors assess the risk of recession

Shares are rising, copper continues to fall while investors assess the risk of recession

U.S. stocks rose sharply early Copper falls again, more oil Treasury yields are rising NEW YORK, June 24 (Reuters) – Shares in world markets jumped Friday, with Wall Street up more than 2 percent, and the global MSCI index set for weekly growth after three consecutive weeks of decline, as falling commodity prices eased concerns …

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