Finance news

◇ unclassifiedusa · russia

Russia’s oil refineries are burning — and, now, so is its bond market

Fuel shortages in Russia may achieve what nothing — and nobody — else could: force Putin to the negotiating table.

Armament: Diehl is booming thanks to the armaments business – and is planning new records

Airplane toilets, water meters and guided missiles: The Diehl Group's business model is surprisingly robust thanks to the armaments boom. The people of Nuremberg are now pushing ahead with two projects.

Social◇ unclassifiedgermany

Unpopular opinion: Finance now feels like the Bild newspaper

I now have the impression that every second newspaper article is published on finance, and pretty much every one seems scandalous. Yes, there is a lot going on politically, everything annoys me and apparently there is little positive to report at the moment. But do we really need to discuss the fact that the professor is dissatisfied with his salary or the private landlord is living on the subsistence level? submitted by /u/fitim92 [link] [comments]

◇ unclassifiedgermany · europe · usa

+++ Iran War +++: LNG tanker from Qatar damaged after shelling in Strait of Hormuz, according to insiders

Germany quintuples aid for Yad Vashem +++ Explosions in Damascus near Macron's hotel +++ Iran: No negotiations with USA if further threats +++ The news blog.

Middle East Conflict Clouds LNG Outlook as Global Trade Hits Record High

The Middle East conflict has made forecasting LNG market trends more difficult as infrastructure was hit and price volatility has exposed buyers to new challenges, according to the International Gas Union (IGU), an organization representing 90% of the global gas producers and importers. “The conflict in the Gulf has damaged LNG infrastructure, clouded the outlook for the region’s expansion projects, and exposed Asian buyers to flow uncertainty and higher prices,” Andrea Stegher, president of the

TKMS wins submarine deal: With this strategy, TKMS secured the superlative submarine deal

Twelve submarines, more than 37 billion euros: TKMS wins the largest arms deal in the company's history shortly before the NATO summit. But crucial details are still open.

Naval shipbuilding: This is how the submarine deal with Canada works

Up to twelve submarines for Canada, built in Germany: How the major project works and why the boats are also suitable for the Arctic.

◇ unclassifiedmiddle-east · usa

Oil Market is Attempting a System Reboot

J.P. Morgan analysts, including J.P. Morgan's Head of Global Commodities Strategy, Natasha Kaneva, said the oil market is 'attempting a system reboot'.

4d07/07⚠ shipping-routes · 2/5

Why oil investors fear the next toll fight could be the Strait of Malacca

The prospect of fees to transit the Strait of Hormuz has sparked alarm, not least by investors who fear it could be replicated in other maritime corridors.

◇ unclassifiedusa

◇ unclassifiedchina · asia · usa

Indian ambassador to China urges deeper economic ties, touts AIIB as model

Creating “new institutional architecture” like the Asian Infrastructure Investment Bank (AIIB) could ease “security-first” economics globally, New Delhi’s new top envoy to Beijing has suggested, as both countries work to mend ties. Vikram Doraiswami, who took up the post in May, also called for greater access for Indian products to China and more Chinese investment in India, efforts that he said would benefit relations between the two Himalayan neighbours. The senior diplomat said countries were

4d07/07⚠ shipping-routes · 3/5

India Resumes Iraqi Oil Imports Despite Hormuz Shipping Risks

Indian state refiners are back to buying Iraqi crude that would have to transit the Strait of Hormuz, in a sign that the world’s third-largest crude oil importer seeks to bring supply from the Middle East after the tentative reopening of the chokepoint. State-owned Mangalore Refinery and Petrochemicals Limited (MRPL), which operates a 300,000-barrels-per-day refinery in southern India, has chartered a tanker to load crude from Iraq, sources from the shipping industry told Reuters on Tuesday. Thi

◇ unclassifiedusa · russia · uk

Ukrainian drones hit Russia’s largest oil refinery as Zelenskyy says Siberia now ‘within reach’

The attack underscores Kyiv's enhanced long-range drone capabilities and comes on the eve of a crucial NATO summit.

◇ unclassifiedmiddle-east · usa

Bangchak Completes Acquisition of Chevron Hong Kong

The Thai group said it had completed the purchase of Chevron's fueling business in Hong Kong, though acquired stations continue to offer the Caltex brand for two years.

Defense industry: TKMS lands billion-dollar submarine order

The Thyssenkrupp subsidiary has received one of the world's largest submarine orders in Canada. The government in Ottawa wants to order up to twelve submarines from Germany. This is the largest procurement in Canadian history.

Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets. Shell expects its trading and optimization result in the integrated gas division to be significantly higher in the second quarter than in the first quarter, the UK-based supermajor said in an update note on Tuesday, ahead of reporting detailed Q2 figures on July 30. The trading and optimization results in the chemica

◇ unclassifiedgermany · europe · uk

Economic situation: Industry is coping with the Iran war better than feared

A strong increase by automobile companies boosted production in May. Well-filled order books and lower oil prices give hope.

◇ unclassifiedgermany · europe · iran

Oil company: Shell expects strong trading business

The Iran war is affecting trade in gas and oil. The British company still expects brisk trading and is raising its forecast.

Household: Soon there will be less help from the state for climate-friendly heating

The federal government wants to save on funding for heat pumps and other types of heating that are less harmful to the climate. What exactly is planned.

Household: Climate-friendly heating: soon less help from the state

The federal government has to save money. This also applies to funding for heat pumps and other types of heating that have less impact on the climate than gas and the like.

◇ unclassifiedmiddle-east · usa · europe

Gasoline Sees 3rd Most Expensive Independence Day Ever

'Average gasoline prices fell in nearly every state over the last week...pushing the national average to approximately $3.74 per gallon this July 4', Patrick De Haan, Head of Petroleum Analysis at GasBuddy said.

4d07/07⚠ war-conflict · 2/5

China submarine fires long-range missile ahead of Nato summit

Nato chief Mark Rutte said the alliance “cannot be naive” about China’s military build-up, after the nation conducted its first known launch of a strategic missile from a nuclear submarine. “What happens in the Indo-Pacific is relevant to what is happening in the transatlantic,” Rutte told a news conference on Monday, ahead of the military alliance’s annual summit in Ankara, Turkey. The Indo-Pacific and European theatres were becoming “more intertwined”, as was also shown by China’s support for.

◇ unclassifiedchina · asia · europe

Oil market: Adnoc buys South African Shell gas station network

The Abu Dhabi-based company is taking over Shell's South African oil business for $1 billion. This means the company continues to grow abroad.

4d07/07⚠ shipping-routes · 2/5

4 Million Barrels of Saudi Crude Set to Transit Strait of Hormuz

Two very large crude carriers loaded with Saudi crude are heading for the Strait of Hormuz in the latest sign of recovering traffic via the vital oil chokepoint. The tankers are owned by Japanese companies, Reuters said in a report citing data from Kpler and LSEG. According to the Kpler data, the tankers, operated by Nippon Yusen KK and Kawasaki Kisen Kaisha, had loaded Saudi crude on March 1, after which they got stuck in the Strait of Hormuz after Iran shut down traffic through the waterway. B

Oil prices rise after report of Iranian attack on commercial ships in Strait of Hormuz

Brent and U.S. crude futures rose after a report of an Iranian attack on commercial ships in the Strait of Hormuz.

◇ unclassifiedusa · iran

Budget 2027: A third of housing benefit households will go empty-handed in the future

Housing benefit will be cut less than initially planned. Nevertheless, the effects are serious.

Dax current: Dax starts trading unchanged - oil price rises

The German leading index has its sights set on the next round mark. Can he continue his record hunt from the past few days? Impulses for this come from politics and the economy.

Stock market: Tech sell-off weighs on Dax – TKMS slightly higher

The zenith of the AI boom appears to have been reached and is also weighing on the German stock market. After the rally at the start of the week, the Dax is weakening slightly.

◇ unclassifiedchina · asia

Dear You: Beijing holds movie night for diplomats to help them ‘better understand’ China

Beijing has staged a special screening of a blockbuster film that sparked a debate about propaganda in Southeast Asia, inviting 150 foreign diplomats and their families to the event to help them “better understand China”. Diplomats from 74 embassies, including Indonesia, Thailand, the United Arab Emirates and Peru, attended Monday’s screening of the film Dear You, which was organised by the Chinese foreign ministry. The movie was shot in the Teochew dialect spoken in the Chaoshan region of...

◇ unclassifiedchina · asia · germany

South Korea’s Incheon airport hits 1 billion passengers in record-breaking time

South Korea’s Incheon International Airport achieved a historic milestone in global aviation by recording 1 billion cumulative passengers in the shortest period among the world’s major hub airports, the airport operator said on Tuesday. According to Incheon International Airport Corp (IIAC), the airport crossed the 1 billion passenger mark just 25 years and three months after its opening in March 2001, outpacing all historic rival global hubs. Germany’s Munich Airport required 33 years and 10...

Energy policy: Government plans strategic gas reserve

There are already oil reserves for crises. The federal government is now working on a natural gas reserve. What is known about it.