Tag Archives: EU

Russian state-owned gas supplier Gazprom is to halt supplies going through Bulgaria and Poland into Europe as of Wednesday 27 April, Bloomberg reported on Tuesday, citing the Bulgarian Energy Ministry. This is a remarkable and major escalation in the standoff between Moscow and European nations over energy supplies and the …

AUD/JPY hit fresh monthly lows beneath the 91.00 level on Tuesday, the pair heavily weighed amid as a steep sell-off engulfed global equity markets with investors fretting about everything from China lockdown risk, economic and military tensions with Russia amid the ongoing Russo-Ukraine war, a worsening global growth outlook and …

UK prepares law to give ministers power to tear up Northern Ireland post-Brexit trade deal. The UK government is preparing a legislation that will give ministers sweeping powers to tear up the post-Brexit deal governing trade in NI. Meanwhile, David Frost who negotiated the Brexit deal, and other senior Conservatives, …

The prices of US natural gas contracts rose to their highest level in nearly 14 years when settling Monday’s trading, in conjunction with a drop in temperatures in the United States and the continued weakness of global supplies due to the Russian-Ukrainian war. Expectations have increased about the high demand …

The euro plunged to a two-year low against the dollar on Thursday, as comments by European Central Bank President Christine Lagarde were taken as a sign that the bank will not be in a rush to raise interest rates. The euro fell to $1.0758, its lowest since April 2020. Lagarde …

China surpassed the United States to become the European Union’s (EU) largest trading partner in 2020-21 thanks to strong demand during the pandemic. Despite EU frustrations with Beijing over its stance on the Ukraine war, trade ties will be hard to break, regardless of attempts by EU policymakers to diversify …

The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats.The embargo will most likely be introduced in a gradual way, similar to the planned Russian coal …

US natural gas inventories recorded reading in line with market expectations this week, as natural gas inventories rose by 15 billion cubic meters during the week ending last Friday. This reading is in line with market expectations. This reading is worse than the previous reading, which showed a decrease in …

The EUR/USD pair recovered from an intraday low of 1.0810, currently trading at around 1.0825 after flirting with the year low. The dollar benefited from hawkish Federal Reserve speakers and overall keeps advancing in a risk-averse environment. After Russian President Vladimir Putin claimed that talks with Ukraine are at a …

The German Foriegn Minister on Monday said that EU Foreign Ministers had agreed that weapon deliveries to Ukraine would be intensified and noted that Ukrainians can only be defended with weapons. The German Foreign Minister added that it is important that the EU doesn’t disappoint the ambition of Western Balkan …