January, 2022

• 4 January

  China stocks suffer worst begining since 2019 on profit taking

  

    Bloomberg Chinese shares had their worst start to the New Year since 2019, as investors took profit on some of their most successful bets in 2021. The benchmark CSI 300 index closed down 0.5% on Tuesday, marking its weakest opening session in three years and led by declines in renewable energy and healthcare firms. Among the top losers, drugmaker ...

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• 4 January

  Oil climbs as Libyan output falls ahead of Opec+ supply meeting

  

    Bloomberg Oil rises as Libyan supply tightened ahead of an Opec+ meeting on Tuesday to discuss production policy for February. Futures in New York gained above $76 a barrel in European trading after a 2.3% decline. Libya’s crude output is expected to fall to the lowest in more than a year as workers try and fix a damaged pipeline. ...

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• 4 January

  Germany, Austria blast plan to call some gas, nuclear ‘green’

  

    Bloomberg Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens — who joined Germany’s new ruling coalition following September’s election — criticised the regulatory plan as damaging the credibility of the EU green rulebook, known ...

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• 4 January

  Gazprom misses gas export target

  

    Bloomberg Russian gas giant Gazprom PJSC missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades. Gazprom delivered 185.1 billion cubic meters to its main clients abroad, including China and Europe, excluding the former Soviet Union nations, Chief Executive Officer Alexey Miller said in a ...

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• 4 January

  Natural gas shortage hits Pakistan’s exports

  

    Bloomberg Pakistan’s natural gas shortage is hurting its crucial textile exports, according to an industry trade organisation, putting even more stress on nation’s struggling economy. About $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days, said Shahid Sattar, executive director of All Pakistan Textile Mills Association. Factories in ...

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• 4 January

  Airlines warn of flight delays as AT&T, Verizon balk at 5G delay

  

    Bloomberg Airlines warned of increased flight delays after AT&T Inc. and Verizon Communications Inc. brushed aside a U.S. government request to postpone new 5G service that aviation interests say risks safety because it may interfere with aircraft electronics. The two wireless companies said the request from Transportation Secretary Pete Buttigieg and Steve Dickson, administrator of the Federal Aviation Administration, ...

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• 4 January

  Future Retail petitions India court to abort Amazon arbitration

  

    Bloomberg Future Retail Ltd. has sought to halt and terminate Amazon.com Inc.’s case at a Singapore arbitration tribunal, a move that could allow the cash-strapped Indian retailer to sell some of its assets to Reliance Industries Ltd.. Armed with a December antitrust ruling against Amazon, Future Retail has petitioned the Delhi High Court and the arbitration tribunal in Singapore ...

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• 4 January

  Lab-grown shrimp’s price tag shows long way ahead to mass market

  

    Bloomberg For a sense of how far cultivated meat is from reaching supermarket shelves and dinner tables, just take a look at the cost. Singapore-based Shiok Meats Pte plans to launch its flagship cell-based shrimp in 18 months at about S$50 ($37) a kilogram, Chief Executive Officer Sandhya Sriram said in an interview. That’s roughly double the price of ...

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• 4 January

  Flight cancellations greet New Year due to storms, Omicron

  

    Bloomberg Airlines greeted the New Year with more than 6,600 weekend cancellations in the US, closing out a bumpy holiday season as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US reached 2,679 Sunday along with 9,002 delays, ...

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• 4 January

  Airbus keeps planemaker crown for 2021

    Bloomberg Airbus SE surpassed its 2021 delivery goal of 600 jets, according to people familiar with the matter, retaining the title of world’s largest planemaker for a third year running. The European manufacturer delivered about 610 aircraft in 2021, said the people, who asked not to be identified before the figures were announced. The final tally could vary by ...

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