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Category: Industry

Explainer-Weakest link? Why Russian gas puts Europe in a bind over Ukraine

Published by Reuters UK By Edmund Blair LONDON (Reuters) – Escalating tensions between the West and Russia over Ukraine have raised concerns about vital Russian oil and gas flows to Europe, prompting the United States to offer reassurances that it will help its European allies find alternative supplies. But that task may be mission impossible for Washington. Even without a

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Asian shares slide after more losses on Wall Street

Washington, Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street, said an AP report. Tokyo fell 1.4% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regiona…

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Abu Dhabi leads most Gulf markets higher

Abu Dhabi, Most stock markets in the Gulf ended higher on Wednesday, supported by strong oil prices, with the Abu Dhabi index outperforming the region.   Crude prices, a key catalyst for the Gulf’s financial markets, rose for a fourth day after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight

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