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Tag Archives: Bloomberg

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Russian economy more resilient than expected – Bloomberg

Russia appears to be on track for a much shallower recession than was initially expected this year, Bloomberg reported on Wednesday, citing experts. Surging oil shipments have blunted the impact of US and EU sanctions, they say. According to the publication, economists from JPMorgan Chase, Citigroup, and other big banks …

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German banks prepare for energy-related defaults – Bloomberg

Banks in Germany are expected to put aside extra funds to be able to tackle a potential spike in defaults if Russia cuts off natural gas supplies, several high-ranking banking officials said, as quoted by Bloomberg. In case of a complete suspension of Russian gas supplies, Europe’s largest economy is …

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US hypersonic missile test fails – Bloomberg

A hypersonic missile test flight ended in a failure in Hawaii on Wednesday, Bloomberg reported citing the Pentagon. The Department of Defense offered few details of what happened, stating only that “an anomaly occurred following ignition of the test asset.” “While the Department was unable to collect data on the …

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US oil reserves running low – Bloomberg

Washington has been actively selling from its Strategic Petroleum Reserve (SPR) over the past year to keep energy prices from rising even higher, Bloomberg reported on Friday, noting that the government can’t keep tapping the reserves forever. According to the report, over the past year almost 115 million barrels were …

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Wall Street stops servicing Russian debt – Bloomberg

JPMorgan Chase and Goldman Sachs are withdrawing from handling trades of Russian debt, Bloomberg reported on Tuesday. The pullout follows Washington’s announcement last week that it was banning US investors from holding such assets. According to the report, which cited market professionals, JPMorgan Chase and Goldman Sachs were still matching …

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US ‘quietly’ pressing firms to buy Russian fertilizer – Bloomberg

US officials are “quietly” urging agricultural firms to boost Russian fertilizer imports amid growing shortages and a looming international food crisis, Bloomberg news agency reported on Monday, citing unnamed sources familiar with the discussions.  Companies fearful of US sanctions have apparently all but ceased purchases, despite loopholes built into the penalties. The US and most EU …

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US to run out of Javelin missiles for Ukraine – Bloomberg

The US will soon have no new Javelin anti-tank missiles to spare for Ukraine, Bloomberg reported on Tuesday. “The war has already consumed as much as one-third of the US military’s inventory of Javelins. Within months, the Pentagon will be unable to deliver new ones without emptying out its own …

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US seeks to ban Russian uranium – Bloomberg

A $4.3 billion plan aimed at weaning the US off Russian supplies of enriched uranium is awaiting approval from Congress, according to unnamed sources close to the matter, as quoted by Bloomberg. If approved, the plan will provide funds to purchase the nuclear-reactor fuel directly from US producers, allowing Washington …

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Biden administration split over Russia sanctions – Bloomberg

The Biden administration is split over how much further the US can push sanctions against Russia without undermining its own economy and Western unity, Bloomberg reports.  According to the news agency, US President Joe Biden’s team has largely backed the sanctions plan Washington set in motion after Russia attacked Ukraine …

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