Styles Homepage

LONDON, Oct 20 (Reuters) - Russian diesel cargoes are returning to their ​traditional destinations after the US suspended sanctions and secured the lifting of an export ban, with at least two tankers ‌signalling trips to Turkey and Brazil in recent days, according to shipping data from Kpler and LSEG. Russia lifted its self-imposed ban on October 9 on diesel exports, introduced to tackle domestic shortages triggered by Ukrainian drone attacks on refineries, after striking a deal  with US President Donald Trump to supply diesel to global markets. The deal ​included a temporary lifting of US sanctions on Russian fuel supply, though EU and UK embargoes on Russian fuel imports remain ​in force. Trump has set his sights on trying to calm diesel prices ahead of the midterm elections  on ⁠November 3. Diesel is a key fuel used in industry, agriculture and transportation. Usually the world's second-largest exporter of diesel after the United States, ​Russia had already redu...

WASHINGTON, Oct 21 (Reuters) - Ukrainian President Volodymyr Zelenskiy said he hoped for a positive outcome from US envoy Steve Witkoff meeting in Russi  on Wednesday and that he supports talks between the ‌leaders of Kyiv, Washington and Moscow. Zelenskiy said in an interview with Fox News that his talks with Witkoff in Oslo a day earlier were productive and that Ukraine ​was ready for diplomacy. He thanked the US for restoring intelligence ​sharing and said he hoped the limitations on Starlink and ⁠Starshield satellite services would end soon. "I hope that ... in -- I don't know, some ​hours -- we will have some result, God bless, positive," he said of Witkoff's meeting ​with Russian President Vladimir Putin. Zelenskiy said it was important to have a freeze in the fighting and move to diplomacy and toward an agreement that includes security guarantees, praising Trump's ​call for ceasefires. "It's important to negotiate trilateral...

HAVANA, Oct 21 (Reuters) - Cuban Foreign Minister Bruno Rodriguez accused the United States on Wednesday of threatening member states of the United ​Nations with sanctions should they side with Cuba in next week's annual ‌UN vote on a resolution calling for an end to a US embargo on the island. "The US State Department is exerting unprecedented pressure — at times in a personal and brazen manner by ​the secretary of state himself — to get UN member states to change their ​votes," Rodriguez said. Tensions between the two nations are soaring ahead of ⁠the vote on the non-binding resolution, which has passed in favor of Cuba in ​the UN General Assembly by wide margins every year since 1992. Rodriguez told reporters at ​a press conference in Havana that US officials had threatened to deny visas and impose trade and economic sanctions on UN members that side with Cuba at the United Nations. “These methods of pressure ​include the threat of imposing punitive tariffs...

New Delhi, India — United States Secretary of State Marco Rubio has arrived in India for a two-day visit, during which he is set to tour the Jamnagar refinery complex in Gujarat, owned by billionaire Mukesh Ambani’s Reliance Industries, a major player in global oil markets. Reliance’s crude refinery in Prime Minister Narendra Modi’s home state is the world’s largest single-site refinery. In many ways, Reliance Industries’ businesses sit at the crossroads of the ongoing global energy crisis. The conglomerate is central to Washington’s efforts to punish Russian energy buyers, while also trying to contain oil prices amid the war on Iran, on top of rising diesel costs in the US, where a crucial midterm election looms. Reliance has also only recently committed to a major investment in the US, which President Donald Trump’s administration has cited as an example of its successes in luring global capital. Rubio is skipping the capital, New Delhi, at a time when the US-India bilat...

BANIYAS, Syria Oct 20 (Reuters) - US bank J.P. Morgan ‌helped Syria to issue its first letter of credit in more than a decade, a senior Syrian energy official told Reuters, allowing the country to execute a commercial agreement ​this month for fuel products from Saudi Aramco The move marks a ​step towards restoring Syria's access to international banking channels after the ⁠ousting of former Syrian President Bashar al-Assad nearly two years ago. Syria's new ​leadership has prioritised the rebuilding of the country's political and financial ties after ​years of isolation. The US lifted sweeping sanctions on the country last year and removed Syria's designation as a state sponsor of terrorism last August. The Central Bank of Syria said ​in a statement on October 11 that it had issued its first letter ​of credit in 14 years through a major US financial institution to back a deal ‌with ⁠Aramco, but did not name the bank. Mohammad Qawja, executive director of fin...

Al-Nassr have entered a new phase of investment activity. Saudi Arabia's Public Investment Fund has opened talks with a consortium led by American firm "RedBird Capital", owners of AC Milan, over a 70% stake in "Al-Alami".  The potential deal could be worth around one billion Saudi riyals, according to the Saudi newspaper " Arriyadiyah ".  The targeted stake is valued at roughly 267 million dollars. Portugal's Cristiano Ronaldo, captain of the first team, could keep a stake of up to 20%, making him a potential co-owner alongside the investment consortium. The negotiations remain in their early stages, though, and the final terms are yet to be settled. RedBird Capital have held at least two meetings with the Public Investment Fund to discuss the acquisition, the report says. But a source close to the fund described the American company's interest as still early, warning that the talks may not end in an agreement. Multiple...

BANGKOK, Oct 17 (Reuters) - The global economy is showing great resilience but ​there is no room for complacency, the head of the International Monetary Fund's steering committee said on Saturday, while divisions over Russia's war against Ukraine  sparked a walkout of delegates. Saudi Finance Minister ‌Mohammed Al-Jadaan, who heads the IMF's steering committee, asked about the walkout by nearly half of delegates during remarks by Russia's finance minister at a meeting on Saturday, said the important thing was that members ultimately agreed to the chair's statement. "We came here for a reason, and we achieved it. Look at this chair statement, it clearly says that all members agreed to the statement, so that's what matters," the chair of the International Monetary and Financial Committee told Reuters. Al-Jadaan told a press conference that the global economy was demonstrating" remarkable resilience "in the face of profound ongoing ...

SHANGHAI/BANGKOK, Oct 16 (Reuters) - China's central bank chief pledged to further open up the country's vast financial markets, ​saying in a speech that yuan assets can meet global investors' growing need for diversification ‌amid trade uncertainty. Bank Governor Pan Gongsheng cited rising geopolitical risks, profound changes in the global economic landscape and rapid advances in AI as reasons for China to continue promoting yuan internationalization. "China’s steady economic growth, and rapid development of ​high-tech industries provide solid support for RMB assets," a People’s Bank of China (PBOC) ​statement quoted Pan as saying in a Thursday speech given on the sidelines ⁠of the annual meetings of the International Monetary Fund and World Bank. The remarks came ​a day after IMF Managing Director Kristalina Georgieva said China must pivot  from export-led growth towards more ​domestic consumption. In Pan's speech, given to international policyma...