March, 2022

• 26 March

  Chevron-led oil firm curbs oil output in Kazakhstan

    Bloomberg Chevron Corp’s oil production venture in Kazakhstan — which operates the country’s largest field — is curbing output due to issues at a supply link on the Black Sea. “Due to unscheduled repair works at the Caspian Pipeline Consortium’s marine terminal, Tengizchevroil is adjusting its production accordingly,” the company, also known as TCO, said. TCO declined to comment ...

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• 26 March

  Trying Russia’s Putin for war crimes is no fantasy

  

  If peace in Ukraine looks depressingly far away, accountability seems beyond another galaxy. What are the chances Vladimir Putin will appear in a courtroom to answer for the hell he’s unleashed in Ukraine? They seem vanishingly small. And yet, national leaders, politicians, global organisations and an army of individuals are working to build the war crimes case against Putin and ...

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• 26 March

  ESG means no more buying a coke!

  

  The day after the US lifted its trade embargo on Burma in 2012, I spoke to an executive at Coca-Cola Co. He proudly announced that his company already had people on a plane headed to the country. It is Coca-Cola’s policy, he explained, to sell its beverages anywhere it’s allowed to do so. Coke was sold in Russia during the ...

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• 26 March

  You say Fed is behind curve? Then prove it

    If you’re looking for a case-study in economic groupthink, try Googling the phrase “Fed behind the curve.” Informed opinion, it seems, has congealed behind a conventional wisdom that the US Federal Reserve has been too slow to restrain accelerating inflation. Such widespread confidence would seem to require unambiguous evidence. But where is it? At least one eminent economist thinks ...

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• 26 March

  Oil tax cuts help the Kremlin, punish Ukraine

    The oil market is desperately in need of demand destruction. Governments should either be encouraging behavioral changes such as using more public transportation or allowing expensive fuel to force consumers to change. Instead, industrialised countries are doing the opposite. Call it demand “construction.” From Germany to New Zealand, and from England to California, policymakers are either cutting taxes on ...

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• 26 March

  China crash mystery grows as proof signals midair breakup

  

    Bloomberg At least one piece of the Boeing Co 737-800 that crashed in China appears to have broken loose well before impact, a finding that adds mystery to the plane’s fatal dive. The piece suspected to have come from the China Eastern Airlines Corp Ltd jet was found about 10 kilometres (6 miles) from the main wreckage area, Chinese ...

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• 26 March

  India aviation on growth path amid waning Covid

  

    Bloomberg India is expecting local air passenger traffic will surpass the pre-pandemic level within a year as fliers return, emboldened by a steep fall in new Covid-19 infections. “I am very confident in the days to come, in the months to come, within the next year, we will surpass the pre-Covid level” of 415,000 daily passengers, India Civil Aviation ...

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• 26 March

  Nestle stops most of its Russian production, barring essentials

  

  Bloomberg Nestle SA, the world’s largest food maker, said it’s suspending the vast majority of its manufacturing in Russia amid growing pressure on multinationals to fully exit the country following its invasion of Ukraine. The Swiss company is stopping the sale of brands like KitKat and Nesquik and will focus on essential foods including baby food and medical nutrition, it ...

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• 26 March

  Honest hurt by waning cleaning sales, sees tough 2022

  

    Bloomberg Honest Co, the personal-care company founded by actress Jessica Alba, posted quarterly results that missed analysts’ estimates and projected a tough 2022, a disappointment for investors whose shares have fallen more than 60% from the initial public offering last May. The loss for the fourth quarter was 10 cents a share, Honest Co said, wider than the 6.1-cent ...

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• 26 March

  Hong Kong to lift its transit passenger ban from April 1

    Bloomberg Hong Kong airport will allow transit passengers for the first time in three months, building on the wider relaxation of strict Covid-19 border controls in the Asian financial hub. Airlines were informed that transit passengers from so-called group A “high-risk” countries will be allowed to transfer through Hong Kong airport from next month, according to a letter seen ...

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