March, 2022

• 28 March

  Trading arm of Gazprom risks rattling energy markets

  

    Bloomberg The trading arm of Russia’s gas giant Gazprom PJSC is under increasing pressure as clients and peers flee in response to the war in Ukraine, posing a risk for energy markets from the UK to Germany and Singapore. Gazprom Marketing & Trading is facing liquidity problems as banks delay its transactions and peers refuse to deal with it, …

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• 28 March

  Big cap stocks in US turn into world’s top haven as risk rises

  

    Bloomberg Investors are scrambling for safety as risks mount, from the war in Ukraine to rising interest rates and a global recession. They have found it in the US stock market — particularly the biggest American companies. The S&P 500 Index is up more than 8% over the past two weeks, recouping all of its losses since the Russian …

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• 28 March

  Bitcoin’s stealth rally past $45,000 erases its losses for the year

  

    Bloomberg Bitcoin’s stealth rally over the past two weeks not only pushed it past a key level of $45,000 — it also put the world’s biggest cryptocurrency back in positive territory for the year. The token rises to around $47,000 at 3:30 pm in Hong Kong, well above the $35,000-to-$45,000 range where it’s been stuck since early January. With …

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• 28 March

  Earth Hour 2022: Time to make peace with nature, says UN chief

  

  Abu Dhabi / WAM Noting that climate disruption, biodiversity loss and pollution threaten lives, jobs and health the world over, the UN chief said on Saturday that it was essential “to make peace with nature.” “Without nature’s help, we cannot thrive or even survive on this planet Earth,” Secretary-General António Guterres underscored in his message for Earth Hour, commemorated annually …

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• 28 March

  EU trade in agricultural goods hit $381bn in 2021

  

    Brussels / WAM In 2021, the value of trade (imports plus exports) of agricultural goods between the EU and the rest of the world hit €347.0 billion ($381.16 billion), €20.7 billion more than in 2020. The EU exported €196.9 billion worth of agricultural products and imported €150.0 billion, generating a surplus of €46.9 billion, data by Eurostat showed. Between …

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• 28 March

  National Grid to sell 60% stake in gas unit to Macquarie, BCI

  

    Bloomberg National Grid Plc agreed to sell 60% of its gas transmission business to a consortium including Macquarie Group Ltd in a deal that will value the asset at 9.6 billion pounds ($12.7 billion). The UK firm will get about 2.2 billion pounds in cash from Macquarie’s asset management arm and British Columbia Investment Management Corp (BCI), it said …

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• 28 March

  TotalEnergies to not divest Russia assets, says CEO

  

    Bloomberg TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean handing them over to President Vladimir Putin’s regime, Chief Executive Officer Patrick Pouyanne said. The French energy major said it will no longer sign or renew contracts to buy oil and petroleum products from Russia, with the aim …

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• 28 March

  Beijing retrieves second black box from crashed jet

  

    Bloomberg China has retrieved the second black box from a jet that crashed after days of searching, as investigators try to work out what happened to the China Eastern Airlines flight carrying 132 people that plummeted from a cruise altitude. The flight data recorder was found 5 feet (1.5 metres) beneath the soil, state broadcaster CCTV reported. Investigators made …

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• 28 March

  Hong Kong cuts ban time for airlines to seven days

  

    Bloomberg Hong Kong has cut the time airlines are banned for carrying excessive numbers of Covid-positive passengers to seven days from two weeks. The circuit-breaker mechanism that bans airlines if they carried four cases or more travellers from the same airport of origin within a week has been deleted, according to a statement released by the government. Under the …

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• 28 March

  Air India may buy large jets worth $10b: Enginemaker

  

    Bloomberg Tata Group-owned Air India Ltd is looking at buying as many as 30 widebody aircraft, the enginemaker for Airbus SE’s A350 jets said, an order that will allow the former state-run carrier to aggressively pursue international growth. “I think they are looking at something up to 30 aircraft, could be as big as that, which is a big …

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