Russia-Linked Refinery in India Seeks Early Payment After Curbs
Nayara Energy Ltd., part-owned by Rosneft PJSC, said it was seeking advance payment or a documentary letter of credit, before loading a shipment of naphtha next month, according to a revised tender document seen by Bloomberg. An earlier tender asked for no such requirements.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
19 minutes ago
- Wall Street Journal
Oil Futures Mixed; Supply-Disruption Concerns May Support
0015 GMT — Oil futures are mixed in the early Asian session. However, prices may be supported by U.S. threats of more sanctions against Russia that could lead to supply disruptions. President Trump has reiterated that the U.S. may impose additional tariffs on countries that continue to buy Russian crude, ANZ Research analysts say in a research report. The latest warnings follow additional sanctions by the EU targeting Russia, the analysts add. Front-month WTI crude oil futures are little changed at $69.22/bbl; front-month Brent crude oil futures are 0.2% higher at $72.65/bbl. (
CNBC
an hour ago
- CNBC
Asia markets set to fall as U.S. trade talks with China hang in the balance
Asia-Pacific markets are expected to fall as U.S. Commerce Secretary Howard Lutnick affirmed that President Donald Trump's upcoming Friday deadline to impose major tariffs on a slew of trading partners will not be delayed further. However, Lutnick noted that trade negotiations with China are progressing on a separate timeline, he said on CNBC's "Squawk Box." Happy mid-week from Singapore. Asia markets are poised for a lower open. Futures for Hong Kong's Hang Seng Index stood at 25,344, pointing to a weaker open compared with the HSI's last close of 25,524.45 Similarly, Australia's S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,662, compared with its last close of 8,704.6. Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in Osaka last traded at 40,650 against the index's last close of 40,674.55. — Lee Ying Shan Stocks closed lower on Tuesday, as investors turn their attention to the Federal Reserve's interest rate decision. The S&P 500 slipped 0.30% to close at 6,370.86, while the Nasdaq Composite lost 0.38% to 21,098.29. The Dow Jones Industrial Average slipped 204.57 points, or 0.46%, to finish the session at 44,632.99. — Brian Evans Investors should remain vigilant and not look past the potential risks of tariffs, according to UBS. "The impact of tariffs can't be overlooked even though recent deals have provided greater clarity. While the 15% tariff rate on most EU and Japanese goods was lower than earlier threats from the U.S., the higher levies will still create headwinds for growth," said Ulrike Hoffmann-Burchardi, chief investment officer for the Americas and global head of equities at UBS Global Wealth Management. "While our base case is that the resilience of the US consumer should help the U.S. economy avoid recession, a larger-than-expected impact on inflation or more severe hit to corporate margins could quickly change the current optimistic market narrative," she added. — Brian Evans
The Verge
an hour ago
- The Verge
Opera is filing a complaint over Microsoft's tricks that push you to use Edge
Microsoft has used a variety of tricks to convince people to keep using the defaults of Bing and Microsoft Edge in Windows over the years, including modifying Chrome download sites and using malware-like popups. Now, Opera is fed up of what it calls Microsoft's 'manipulative design tactics' and filed a competition complaint in Brazil today, alleging that Microsoft is using anti-competitive practices to steer people toward using Edge. 'Microsoft thwarts browser competition on Windows at every turn,' says Aaron McParlan, general counsel at Opera. 'First, browsers like Opera are locked out of important preinstallation opportunities. And then Microsoft frustrates users' ability to download and use alternative browsers.' Opera's complaint alleges that Microsoft ignores a user's default browser choice in a variety of ways, from opening PDF files or links in Outlook and Teams, to opening links through Windows features like Search or Widgets. Opera also notes that Microsoft uses 'obtrusive banners and messages discouraging users from downloading alternative browsers at the very moment they are searching for those browsers on Edge.' Opera filed its complaint in Brazil because it's one of the company's main markets. 'Opera is already a major success in Brazil: it is the third most popular browser in Brazil and has millions of loyal users in Brazil who actively choose it, despite Microsoft's tactics,' McParlan says. 'The complaint, which concerns practices implemented globally by Microsoft, presents an opportunity for Brazil to be a leader on this international issue.' If Opera is successful with its complaint, it wants remedies from Microsoft, like allowing PC manufacturers to preload alternative default browsers, a halt to blocking consumers from downloading other browsers, and an end to 'dark patterns that push users towards Edge.' Opera also reveals that Microsoft requires OEMs to 'deliver S mode devices as a condition for rebates on a Windows OS license,' which is another practice it wants to see outlawed. While the complaint will be handled by Brazil's competition authority, it's part of a broader effort from Opera to challenge Microsoft's Edge practices around the world. Opera unsuccessfully challenged the EU's decision not to designate Microsoft Edge as a gatekeeper under its Digital Markets Act (DMA) rules last year. Microsoft escaped the designation, but it still had to make changes to Windows in EU markets in response to the DMA. These changes have led it to stop bugging Windows users about Edge. 'We believe that Microsoft's conduct, including the changes that it has announced in Europe, are insufficient to attain effective compliance with the DMA,' McParlan says. 'In this context, and as part of its global efforts to ensure free and effective consumer choice, Opera has appealed before the EU Courts the European Commission's decision not to designate Edge as a 'gatekeeper' service under the DMA.' Not only has Microsoft used Windows to urge people into switching to Edge in the past, the company also created a spoofed Google UI to try and convince Bing users they were using Google earlier this year. The search results looked a lot like Google, complete with a custom search bar, a Google Doodle-like image, and some small text under the search bar just like Google Search. Microsoft quickly killed the plug on its spoofed Google UI once people started noticing it. Opera also has a history of complaints against Microsoft's browser behavior in Windows. It originally filed an antitrust complaint with the EU in 2007, which eventually led to the browser ballot screen being created — allowing Windows users to pick one of the 12 most popular browsers rather than defaulting to Internet Explorer. Microsoft had to keep the browser choice screen in Windows for five years, but it was fined $730 million in 2013 for failing to include the ballot in Windows 7 Service Pack 1. Posts from this author will be added to your daily email digest and your homepage feed. See All by Tom Warren Posts from this topic will be added to your daily email digest and your homepage feed. See All Microsoft Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Policy Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech Posts from this topic will be added to your daily email digest and your homepage feed. See All Web Posts from this topic will be added to your daily email digest and your homepage feed. See All Windows
