The volatility in financial markets is expected to continue over the next week. While central bank rate policy continues to be the major issue, blue-chip companies report on both sides
Trader’s Café with Zak Mir: A Week In Small Caps, Saturday 24th September 2022
Once again, the world of small caps was overshadowed by macroeconomic and political factors. A plunging US market, a Bank of England interest rate rise, and the much-flagged UK mini-budget.
Coal rush! Global search for polluting fuels fueled by the energy crisis
The small port of Mtwara in Tanzania was primarily delt in cashew nuts until last year. It bustles now with ships loading up coal as Russia’s invasion of Ukraine prompts
UK paid Belgium 50 times the going rate to keep London’s lights on
To get to the bottom of British energy humiliation, we need a public inquiry.
Russia’s cash reserves run dry as West ramps up sanctions – shuns Putin’s energy
Russia’s budget surplus has fallen significantly, the latest indication that Russia’s public finances are under pressure from sanctions and the Kremlin cutting off gas supplies to Europe.
Rocketing energy prices hit as EU debates gas price cap
Europe felt the chill from soaring energy costs Monday. France said it couldn’t pay all the additional costs for consumers while Britain is at greater risk of falling into recession.
Don’t let Putin fool you, Russian banks lose $25bn as sanctions take their toll
Russian banks lost 1.5 trillion roubles ($25bn), in the first half year of sanctions imposed by western countries that deprived the country of large parts of the global financial system.
The UK goes big to ease energy shock, EU meets on Friday
Britain will limit consumer energy bills over two years and channel billions of dollars to power companies, Liz Truss, the new leader of the country’s energy department, said Thursday. This
Russia warns of economic damage that will last for years, according to an internal report
According to an internal report, Russia could face a deeper and longer recession due to the spread of US and European sanctions, which will impact sectors that Russia has depended
The Kremlin says that Europe is to blame for Nord Stream 1 shutdown
Monday’s Kremlin statement stated that sanctions from Western countries were responsible for the complete shutdown of the Nord Stream 1 pipeline, which links Russia and Germany.
Siemens Energy accuses Gazprom of lying over the closure of the Nord Stream 1 pipeline
Gazprom (GAZP.MM.) stated that an engine oil leak was found at the Portovaya compressor stations’ last turbine. However, it does not mean that there is a technical reason to stop
Europe’s Worst Nightmare Has Come To Fruition, Gazprom Nord Stream 1 Gas Pipeline To Stay Shut
Gazprom, Russia’s state energy company, stated late on Friday that natural gas supplies via Nord Stream 1 would be cut off following the discovery of engine oil in the main