Asia

LIV Golf's Sergio Garcia has actually sent his application to return to the Europebased DP World Tour for the 2025 season, a relocation that breathes life into the Spaniard's hopes of completing in next year's Ryder Cup. A DP World Tour representative confirmed to Reuters on Monday that Garcia sent his application ahead of the Nov. 17 deadline and paid his fines but must serve his suspensions before he can play once again on the European circuit. The spokesman said the DP World Tour could not divulge information of the sanctions, however some reports said Garcia's fines totalled more than...

Russia's fullscale intrusion of Ukraine reaches its 1,000 th day on Tuesday, and the conflict has wrought considerable damage to the nation's large agriculture and steel sectors. Following are some realities about production, processing and export losses Ukraine has suffered as an effect of war. FARMING Before the Russian intrusion of Ukraine in 2022, Ukraine was the world's 6th largest producer of corn and 7th biggest manufacturer of wheat. It also represented more than 30% of worldwide sunflower seed production and dominated the worldwide sunoil market, according to USDA data. The sector represented 10% of Ukrainian GDP and 42% of...

China is planning its first export quota for marine bunker that is combined with biodiesel, partly to support biofuel manufacturers hit earlier this year by European Union antidumping tariffs, according to 2 traders and a Chinese consultancy. The government is thinking about the issue of 500,000 metric tons of such quotas and all will likely go to the nation's. state oil companies CNPC, Sinopec and CNOOC, according to one. state-oil trader and consultancy JLC. The B24 marine fuel mix, separate from China's exports of. low-sulphur fuel oil which is likewise under quota management,. includes 24% biodiesel and 76% low-sulphur fuel...

World number 3 Rory McIlroy ended the season on a high by winning the DP World Tour Championship in Dubai on Sunday, two strokes ahead of Rasmus Hojgaard, to seal his 6th Race to Dubai title. The 35-year-old Northern Irishman carded a 69 in the final round at the Jumeirah Golf Estates to finish on 15 under par after two birdies in the final 3 holes saw off the challenge of Denmark's Hojgaard. McIlroy equalled the six titles won by the late Seve Ballesteros in the European Tour's season-long Race to Dubai, formerly called the Order of Merit. Scotland's Colin...

World number three Rory McIlroy ended the season on a high by winning the DP World Tour Championship in Dubai on Sunday, 2 strokes ahead of Rasmus Hojgaard, to seal his sixth Race to Dubai title. The 35-year-old Northern Irishman carded a 69 in the final round at the Jumeirah Golf Estates to complete on 15 under par after 2 birdies in the last 3 holes saw off the obstacle of Denmark's Hojgaard. McIlroy equalled the six titles won by Seve Ballesteros in the European Tour's season-long Race to Dubai, previously called the Order of Benefit. Scotland's Colin Montgomerie holds...

Wartime Ukraine could reopen a first airport in its western Lviv area next year, as it tries to bring back air travel that has been suspended across the country considering that Russia's 2022 invasion, a senior partner at insurance coverage broker Marsh McLennan said. Moscow has actually routinely conducted missile and drone strikes on Ukraine throughout more than 2-1/2 years of fighting. Ukraine's. national flag carrier and several other business have gone. bankrupt due to the suspension of air travel. Kyiv has actually participated in discussions with European aviation. authorities and airlines on restoring some air travel for practically. a...

According to two traders, and a Chinese consulting firm, China plans to set up its first export quota of marine bunker blended with biodiesel. This is partly to help biofuel producers who were hit by anti-dumping duties imposed earlier this year in the European Union. According to a state-owned oil trader and consultancy JLC, the government is considering granting 500,000 metric tonnes of these quotas. These will be distributed to CNPC and CNOOC. According to the two traders, B24 marine fuel is separate from China’s low-sulphur oil exports, which are also subject to quota control. It contains 24% biodiesel, and...

Finnish engineering firm Cargotec Corp said on Thursday it would sell its freight handler business MacGregor to European private equity firm Triton in a. deal valued at 480 million euros ($ 506 million), consisting of financial obligation. The offer would be pursued to help its on-road load handling. service, Hiab, operate as a standalone company, Cargotec said,. including that its CEO Casimir Lindholm would step down and be. replaced by Hiab President Scott Phillips as a part of the. arrangement. Hiab would consequently be the only organization staying under. Cargotec as an outcome of the deal, which would likewise see...

The Chinese President Xi Jinping is scheduled to arrive in Lima, Peru, on Thursday. He will begin a diplomatic blitz of a week in Latin America, inaugurating the Chancay Deep-Water Port, Beijing's largest infrastructure investment in Latin America. Xi will attend the summit of the Asia-Pacific Economic Cooperation in Lima, and then next week the summit of the Group of 20 in Rio de Janeiro. Xi is also planning to make state visits in Peru and Brazil. Both countries are major suppliers of metal ores and soybeans that support key Chinese industries such as electric vehicles and pork. They will...

Sources in the industry said that Berlin has refused to allow an LNG shipment from Russia to be delivered to the Brunsbuttel Terminal in northern Germany, in accordance with its policy of not importing LNG from Russia. The Financial Times reported on Thursday morning that Germany's Economy Ministry BMWK had ordered the Deutsche Energy Terminal to refuse any Russian LNG deliveries after the company had informed Berlin that it was planning to import a Russian cargo to its Brunsbuttel facility on Sunday. The order was unclear. LSEG data shows that three LNG tankers left the Yamal facility in Russia recently...

Bumi armada, a Malaysian provider of offshore energy facilities, said that it is in discussions with MISC about a possible merger with its offshore unit. Bumi Armada stated in a Bursa filing that they had entered into an non-binding Memorandum of Understanding with MISC, to explore a possible merger with their offshore business. It stated that "the parties intend to work together in good faith, exclusively and with each other, to achieve the goals of the proposed merger." Bumi Armada stated that the agreement would be in effect for nine months after its date of signing, and will not have...

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. THE GLOBE AND MAIL Canadian Labour Minister Steven MacKinnon ordered the country's Labor Relations Board to end disputes at the ports in Vancouver and Montreal citing economic damage. Dye and Durham unveiled its proposed slate of directors in advance of its annual meeting. Four of the seven directors are newcomers. The Canadian Union of Postal Workers has said that the ongoing labour dispute between Canada Post and its employees is a result...

Russia's secondlargest oil manufacturer Lukoil shut operations at its catalytic cracker system (KK1) at the NORSI oil refinery from Nov. 13 for emergency situation repair, three industry sources said on Tuesday. Lukoil did not immediately respond to an ask for remark. Among the sources stated that the catalytic cracker was broken. He said it was unclear how long it would take to repair the system. Another source stated that the concern led to substantial decrease in fuel production on NORSI and Lukoil might have to make up for the missing out on volumes by buying the fuel in the Russian...

Austrian steelmaker Voestalpine stated on Monday its gas supply is safe and secure even if Russia's Gazprom stops shipments to Austria completely. Gazprom on Saturday halted supplies to Austrian energy company OMV after OMV won an arbitration case against Gazprom awarding it more than 230 million euros ($ 244 million). in damages and stated it would recuperate that money by not paying. Gazprom's invoices. Gazprom's deliveries to Austria via pipeline through Ukraine. and Slovakia have actually continued, nevertheless. Flows into Austria are. down by less than a 5th. We have actually gotten assurances from our suppliers that we will. receive...

RBC reported Monday that the Russian finance ministry had proposed increasing the tax on the profits of the state-owned oil pipeline company Transneft from 20% to 40%, citing government documents. The Finance Ministry did not respond immediately to a comment request. According to the existing law, Transneft's profit tax was scheduled to rise to 25% in 2019. RBC reported that Transneft’s net income for the period January-October, according to Russian accounting standards, almost halved at 97 billion Russian roubles (970 million dollars), and its total tax payments for this time period dropped by 59% on an annual basis to 18.1...

Blasts sounded out throughout Ukraine's capital Kyiv and other cities early on Sunday, as Russia staged its greatest rocket attack because August and targeted power facilities with the winter setting in, officials stated. Ukrainians have been bracing for a major attack on the hobbled power system for weeks, fearing debilitating damage to the grid that would trigger long blackouts and develop mental pressure at a critical moment in the war Russia introduced in February 2022. Another massive attack on the power system is under method. The opponent is assaulting electrical power generation and transmission centers throughout Ukraine, Ukrainian Energy Minister...

The company has said that the Russian gas supply to OMV, an Austrian oil and gas company, could be stopped before the end the year because of an arbitration case against Gazprom. Austria is still one of few European countries that are dependent on Russian Gas, as the rest of Europe has cut back imports after Moscow's invasion of Ukraine. OMV announced on Wednesday that it received an arbitration award of over 230 million euro ($243.06 millions) from the International Chamber of Commerce due to irregular supplies of gas to its German unit from Gazprom, which will end in September...

Slovakia's primary gas buyer SPP has signed a shortterm pilot contract to buy natural gas from Azerbaijan and will think about a longerterm deal as it prepares for a possible stop to Russian products via Ukraine, it stated on Wednesday. An offer in between Moscow and Kyiv on Russian gas exports through Ukraine to Europe ends at the end of the year, forcing SPP and others in the European Union to search for alternative sources, including Azerbaijan. Russia has stated it wants to continue to provide gas through Ukraine in spite of the war with its neighbour, while Kyiv has...

The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, lowered oil materials in January October by around 1.2%. year on year to 1.378 million barrels per day, two market. sources said on Wednesday. In October alone, CPC exports declined to 4.632 million. metric tons from 4.682 million lots in September in the middle of. upkeep at the Kashagan oilfield, according to the sources. The consortium does not comment on its operational. activities. It prepares to boost CPC Blend oil exports in November. to 5.4 million heaps. CPC said in May it expected its oil exports to...

Blue Energy Motors, an Indian startup that makes liquefied natural gas (LNG) sustained. trucks, plans to raise $100 million by January to fund capability. expansion, its president said, showing a shift to. cleaner fuel alternatives. The business intends to triple its sales to 3,000 LNG-powered. trucks next financial year, which begins in April 2025, and will. quickly introduce its very first electric truck, CEO Anirudh Bhuwalka told. Reuters in an interview. We are raising $100 million to scale up business. This. funding will support the production of both electrical and LNG. trucks. Blue Energy, India's very first LNG truck producer,...

The harmful smog that has enveloped India's capital intensified on Wednesday morning as temperatures dropped and the seasonal winter season haze set in, minimizing exposure in some areas and perhaps impacting flights. Delhi overtook Pakistan's Lahore as the world's most polluted city in Swiss group IQAir's live rankings, with an air quality index (AQI) score of more than 1,000. The group categorizes readings above 301 as dangerous. The Indian capital battles serious pollution every winter season as cold, heavy air traps dust and emissions, along with smoke from illegal farm fires in the adjacent states of Punjab and Haryana. IQAir...

India's Adani Power has actually further minimized electrical power supply to neighbouring Bangladesh as it seeks to recuperate more than $800 million in dues, according to data from Bangladesh's grid operator and two sources knowledgeable about the relocation. Adani Power, which exports power to Dhaka from its dedicated 1,600 megawatt (MW) Godda plant in eastern India's Jharkhand state, had minimized supply this month to 700 MW-750 MW from around 1,400-1,500 MW in early August. Late on Thursday, supply was even more minimized to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development...

Russian Deputy Prime Minister Alexander Novak stated on Wednesday that Moscow was all set to keep supplying gas to Europe via Ukraine but this should be concurred by Kyiv and the European countries included. The present transit offer expires at the end of the year. Of course, in my viewpoint, the European nations that currently receive gas through this passage have an interest in continuing such cooperation, Novak, who supervises of Russia's energy policy, told press reporters on the sidelines of the Valdai Conversation Club in the Black Sea resort of Sochi. We are ready to supply (gas), however not...

Iraq's cabinet said on Tuesday it had bought the semiautonomous Kurdish area to instantly transfer its oil output to the nation's staterun company SOMO. Iraq's cabinet likewise approved a budget plan measure to compensate the Kurdish government for production and transport costs, and set a $16 per barrel rate for foreign oil companies running in Iraqi Kurdistan. Oil flows through the Kurdistan Regional Federal government's (KRG). pipeline were stopped by Turkey in March last year after the. International Chamber of Commerce bought Ankara to pay Baghdad. damages of $1.5 billion for unauthorised exports by the KRG. between 2014 and 2018....