Venezuela looks to Russia for oil exports as US sanctions bite the Maduro regime March 18, 2019 Venezuela may divert its US oil exports to Russia, the country’s oil minister said today after the Trump administration slapped sanctions on the country. Manuel Quevedo, who is also president of state-run oil company PDVSA, said oil initially headed to the US could be re-routed to other countries. Read more: Venezuelan opposition prepares to confront [...]
Chief executive of bitcoin exchange Mt Gox sentenced by Japanese court March 15, 2019 The former chief executive of defunct bitcoin exchange MT Gox has been sentenced to two-and-a-half years in jail by a Japanese court after being found of guilty of falsifying electronic records. Mark Karpeles was on trial for a number of charges but was found innocent of the more serious allegations of embezzlement and aggravated breach [...]
City Moves for 15 March 2019 – Who’s switching jobs at WBD, Deezer and BBC? March 14, 2019 Today's City Moves includes Womble Bond Dickinson, Deezer and the BBC. Womble Bond Dickinson Transatlantic law firm Womble Bond Dickinson (WBD) has appointed Audrey Koh as a partner in the firm’s London office. Specialising in white collar crime, Audrey will strengthen the firm’s key sectors of expertise, in particular financial institutions, energy and natural resources, [...]
Donald Trump’s former campaign chairman Paul Manafort sentenced to a further three and half years in prison March 13, 2019 Donald Trump’s former campaign chairman Paul Manafort has been sentenced to a further three and half years in prison after pleading guilty to two counts of conspiracy. Manafort was handed a sentence of six years and one month after admitting to two charges related to money laundering, illegal foreign lobbying in Ukraine and attempted witness [...]
Formula One at a crossroads: Successful 2019 is key to keeping motor sport series on track March 13, 2019 In cars. It’s the only way to live, according to Gary Numan, post-punk’s foremost petrolhead. For decades, this attitude has ensured that motorsport, and Formula One in particular, has become a way of life for millions. But as the new season approaches, the sport faces a new wave of challenges and, to paraphrase the Tubeway [...]
Shares hit by investor shyness of Russian firms at gold miner Polymetal, despite strong results – CEO March 11, 2019 Investor uncertainty around Russian firms has held back Polymetal’s share price even though sanctions have not hit the company, its boss said yesterday as the miner showed gold sales up 10 per cent. Tensions between Russia and the west have not impacted operations at the company, chief executive Vitaly Nesis said. Read more: Russia denies 'rubbing [...]
Metro Exodus review: Back in the USSR, this long-running series hits an incredible high March 6, 2019 Nobody glorifies misery quite like the Russians. Across centuries of literature, poetry and music, some of humanity’s most brilliant minds have elevated the struggles of ordinary Russian men and women to incredible symphonies of suffering. Times of unparalleled political and social upheaval – the Bolshevik revolution, the rise of Leninism, the Stalinist purges, the threat [...]
Three reasons why investors should consider the UK stock market March 6, 2019 By Tom Bailey from interactive investor. UK shares are now at their 'cheapest' since the First World War, says JPMorgan fund manager. It's no secret that the UK market is out of favour right now, and has been since the EU referendum in mid 2016. Fearing the still-to-be-decided outcome of Brexit and the potential for [...]
Brazil overtakes Russia as biggest exporter to small Chinese refineries as trade war slashes US imports March 5, 2019 Brazil overtook Russia as the biggest supplier of crude oil to China’s independent refineries last month, as the trade war with the US transformed global oil supply lines. Crude shipments from the South American country hit 2.17 million tonnes in February, overtaking Russia, however they were down 5.4 per cent from January, data from S&P [...]
Plexus shares hit oil as licensee pens deal with Russian energy giant Gazprom March 4, 2019 Plexus Holdings soared today as the small oil and gas service provider said a licensee had signed a deal with energy giant Gazprom. The contract becomes the first major deal for its Russian licensing partner LLC Gusar, which has will supply so-called pos-grip equipment to Gazprom. Read more: Gulf Marine drops 75 per cent on profit warnings Shares [...]