Price protests turn political in Iran as rallies spread

DUBAI, May 15 (Reuters) – Spreading protests across Iran over cuts in state food subsidies have turned political with slogans calling on top leaders to quit, according to social media posts , and unconfirmed reports indicate that at least four protesters were killed. . Protests began in some cities last week, sparked by the government’s … Read more

Shipping insurance costs across the Black Sea are skyrocketing

LONDON, Feb 25 (Reuters) – Insurers have raised the cost of cover for merchant ships crossing the Black Sea, adding to soaring freight rates in the region for vessels still ready to sail after the invasion of Ukraine by Russia. Shipowners pay war risk insurance annually as well as an additional “infraction” premium when entering … Read more

Analysis: Aircraft lessors prepare to fight insurers over Russian plane default

Passenger planes of Aeroflot – Russian Airlines are parked at Sheremetyevo International Airport in Moscow, Russia March 12, 2022. REUTERS/Marina Lystseva Join now for FREE unlimited access to Reuters.com Register Major landlord promises ‘vigorous’ pursuit of claims Legal expert says results could be unpredictable Soaring insurance rates ‘are not a pretty sight’ Lessors keep in … Read more

Explanation: Can companies leaving Russia recover their losses through insurance?

March 23 (Reuters) – Hundreds of companies said they were pulling out or suspending operations in Russia after it invaded Ukraine, by energy producer Shell Plc (SHELL) to car manufacturer Hyundai Motor Co (005380.KS) to PwC, a global professional services firm. Here’s a look at how insurance and international arbitration could soften the blow to … Read more

China signals easing tech pressure in bid to revive economy

People wearing face masks walk past a street amid snowfall, following the outbreak of the coronavirus disease (COVID-19), at a shopping area in Beijing, China March 17, 2022. REUTERS/Tingshu Wang Join now for FREE unlimited access to Reuters.com Register BEIJING/HONG KONG, April 29 (Reuters) – China on Friday signaled an easing of its crackdown on … Read more

Indonesia’s Palm Oil Export Ban Leaves Global Buyers Without a Plan B

People buy cooking oil made from palm oil at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan Join now for FREE unlimited access to Reuters.com Register All Vegetable Oil Prices Set to Jump Due to Supply Disruption Buyers can’t replace Indonesian palm oil shortage Soybean oil supply, canola oil hit by drought, sunflower … Read more

Indonesia’s Indrawati Says Palm Oil Export Ban Will Harm Other Countries, But It’s Necessary

WASHINGTON, April 22 (Reuters) – Indonesia’s new palm oil export ban will hurt other countries, but is needed to try to bring down a spike in domestic cooking oil prices sparked by the Russian war in Ukraine, Indonesia’s finance minister told Reuters on Friday. Sri Mulyani Indrawati said with demand outstripping supply, the ban announced … Read more

Indonesia to ban palm oil exports to curb domestic prices

People buy cooking oil made from palm oil at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan Join now for FREE unlimited access to Reuters.com Register ‘Totally unexpected’ ban says Indian trade group Government under pressure to control cooking oil prices Global prices hit record highs this year after Indonesian restrictions Food oil … Read more

Oil settles mixed on Russian supply, demand worries

An employee holds a crude oil sample at the Yarakta oilfield, owned by Irkutsk Oil Co, in Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily Fedosenko Join now for FREE unlimited access to Reuters.com Register U.S. Crude Stocks Crash as Exports Hit 2-Year High -EIA Libya loses 550,000 bpd from blockades, NOC says IMF lowers global … Read more

Oil prices stabilize on fears of slowing Chinese demand

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Join now for FREE unlimited access to Reuters.com Register China’s Q1 GDP beats expectations, but March weakness raises risk to outlook Libya suspends operations at El Feel oilfield due to protests Oil drilling … Read more