December, 2022

• 27 December

  TC Energy all set to restart Keystone pipeline segment

    Bloomberg TC Energy Corp will begin the process of restarting the segment of its Keystone pipeline that goes to crude storage hub Cushing, Oklahoma, after receiving regulatory approval, the company said on its website. The restart will take several days. TC Energy has been targeting a full return of the pipeline system on December 28 or 29, according to ...

  Read More »
• 27 December

  China’s economy shows rising strain from Covid-19 tsunami

  

    Bloomberg China’s economy continued to slow in December as the massive Covid-19 outbreak spread across the country, with activity slumping as more people stay home to try and avoid getting sick or to recover. Bloomberg’s aggregate index of eight early indicators showed a contraction in activity in December from an already weak pace in November and the outlook is ...

  Read More »
• 27 December

  Toyota hits record November output

  

  Bloomberg Toyota Motor Corp said its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in Covid cases in China. The world’s No. 1 automaker produced 833,104 vehicles last month, an increase of 1.5% from a year earlier. Global ...

  Read More »
• 27 December

  Japan’s LNG buyers check how insurance halt will affect supplies

  

    Bloomberg Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing war in Ukraine — will affect supplies from the key Sakhalin-2 project in Russia’s Far East. Three Japanese insurance companies — Tokio Marine Holdings Inc, Sompo Holdings Inc and MS&AD Insurance Group Holdings Inc — will stop providing ...

  Read More »
• 27 December

  India to spend $24.1bn on free grains

    Bloomberg India will provide free grains to about 800 million people for one year, a move that could help the ruling party reap political benefits and set the tone for PM Narendra Modi’s reelection for a third term. The government will spend 2 trillion rupees ($24.1 billion) on the program, Food Minister Piyush Goyal said after a cabinet meeting. ...

  Read More »
• 27 December

  Advent to buy majority stake in Suven Pharma for $762mn

  

    Bloomberg Advent International Corp, one of the world’s largest private equity firms, will purchase a controlling stake in India’s Suven Pharmaceuticals Ltd for at least 63.13 billion rupees ($762 million), triggering an open offer to buy further shares in the family-run firm. The buyout firm agreed to acquire 50.1% of Suven from the Jasti family, according to an exchange ...

  Read More »
• 26 December

  China holds biggest military drill near Taiwan since Pelosi trip

  

  Bloomberg China sent 71 warplanes near Taiwan as a part of its biggest display of military might since US House Speaker Nancy Pelosi visited the democratically run island, with Taipei accusing Beijing of “military intimidation.” The Ministry of Defense in Taipei said the flights included 47 Chinese military aircraft that crossed either the median line of the Taiwan Strait or ...

  Read More »
• 26 December

  Drone attack on Russian bomber air base leaves three servicemen dead

  

  Bloomberg Three servicemen were killed during a Ukrainian drone attack at a military air base in southern Russia that hosts strategic bombers, the Defense Ministry in Moscow said. The military personnel died from falling wreckage when Russian air defenses shot down the drone, the state-run Tass news service reported, citing the ministry. No aircraft were damaged, it said. It’s the ...

  Read More »
• 26 December

  Brazil to boost security for Lula inauguration after bomb threat

    Bloomberg Brazil will reevaluate the procedures for President elect Luiz Inacio Lula da Silva’s inauguration after an explosive near capital Brasilia’s international airport was disarmed, the country’s incoming justice minister said. Flavio Dino wrote in his official Twitter account that all procedures in the inauguration, set for January 1, “will be reassessed, with a view to strengthen security.” “President ...

  Read More »
• 26 December

  Seoul deploys jets after North sends drones

  

    Bloomberg South Korea suspended some commercial flights and scrambled military assets to shoot at drones from North Korea that crossed their heavily armed border on Monday. South Korea’s Joint Chiefs of Staff (JCS) said the military detected multiple “unidentified objects” in the country’s airspace presumed to be unmanned aerial vehicles crossing the border from 10:25 am in Gyeonggi province, ...

  Read More »