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The US is likely to impose a limit on the chip production capabilities of Samsung Electronics Co. and SK Hynix Inc. in China, a senior American official said, as Washington works with allies to curb Beijing’s access to cutting-edge technologies. “We’re working with those companies on the way forward there,” Under Secretary of Commerce for […]

Following a decision by The Price Cap Coalition of the G7, the European Union and Australia, the European Union introduced a price cap on Russian petroleum products on 4 February 2023.1 The United States (“US”) issued its own guidance documents on the price cap on Russian petroleum products on 3 February 2023.2 This price cap entered […]

IMF wants Pakistan to adopt market based exchange rate Pakistan desperately needs IMF funding Banks to be told to supply dollars to exchange companies Artificial cap at Pakistani rupee encouraged black market

WASHINGTON, Jan 15 (Reuters) – House of Representatives Speaker Kevin McCarthy said on Sunday he believes Democrats would agree to cap government spending to avoid a U.S. debt default and he wants to discuss the idea with President Joe Biden. Republicans now in control of the House have threatened to use the debt ceiling as […]

To get a sense of who is truly in control of Western Digital Corporation (NASDAQ:WDC), it is important to understand the ownership structure of the business. With 88% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into […]

In both robberies, the accused was spotted wearing a black cap that said “police” Stealing and robbery are typically motivated by the desire to obtain money. However, a man in Florida left cops stunned when he revealed the reason behind two of his robberies. The Florida man who was arrested after the police connected him […]

WASHINGTON, Dec 6 (Reuters) – Western powers’ leverage over Russia has increased with their $60-a-barrel price cap on Russian crude oil, and any adjustments to the limit will consider a range of factors from Russian and global economic conditions to oil markets, a U.S. Treasury official told Reuters on Tuesday. The price cap was imposed […]

NEW YORK, Nov 30 (Reuters) – The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution. A U.S. official told Reuters that recently quoted Urals prices in […]

WSJ News Exclusive World Cap will only apply to the first point of sale of Russian oil that takes place on land, U.S. and its allies have determined Source link

WASHINGTON—The U.S. and its partners are rushing to hammer out an agreement on a level for a price cap on Russian oil in the next couple of weeks as they seek to contain global oil costs in the wake of


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