Vietnam, Russia signed an agreement on the construction of the Southeast Asian nation’s first nuclear power plant as Hanoi moves to bolster energy security amid Middle East disruptions that are disrupting global fuel supplies. The agreement was signed during Vietnamese Prime Minister Pham Minh Chinh ’s visit to Russia, according to a statement on the government’s website, which did not specify whe...
Vietnam, Russia signed an agreement on the construction of the Southeast Asian nation’s first nuclear power plant as Hanoi moves to bolster energy security amid Middle East disruptions that are disrupting global fuel supplies. The agreement was signed during Vietnamese Prime Minister Pham Minh Chinh ’s visit to Russia, according to a statement on the government’s website, which did not specify when construction will begin. During the trip, Russia’s largest LNG producer Novatek also signed a preliminary deal to supply Vietnam, news website Tass reported Monday. Vietnam has moved to shore up energy security after the Iran war all but halted oil and gas exports through the Strait of Hormuz, leading to fuel price hikes and long queues at gas stations. The government has set out a plan for fuel-saving measures, including a shift to electric vehicles and accelerating the use of biofuels. Read More: Vietnam Taps Fuel Fund to Steady Prices Amid Risks of Shortages It’s also been seeking help from partners including Japan, South Korea, Angola and Algeria to diversify crude oil sources. Vietnam has two domestic refineries that provide around 70% of its domestic needs, however more than 80% of the crude oil it imports comes from Middle East. Vietnam had been pushing Russia to accelerate the development of the Ninh Thuan 1 nuclear power plant, which it’s seeking to have online before the end of 2031 at the latest. The project is set to have two Russian-designed reactors with a combined capacity of about 2,400 MW. The two countries also agreed to expand cooperation in the fields of new energy, clean and renewable energies, according to the statement. Read More: Vietnam Seeks Urgent Talks With Russia to Speed Nuclear Energy Vietnam and Russia have extensive energy cooperation ties going back decades, including joint ventures between PetroVietnam and Russian state-owned firms including Zarubezhneft and Gazprom . Vietsovpetro, a JV formed between the Southeast Asian country and the ...
A pumpjack stands at the Inglewood Oil field in Los Angeles, California on March 17, 2026. Patrick T. Fallon | Afp | Getty Images Oil prices gained in Asia trading Tuesday after clocking steep declines overnight, as traders assess developments related to the Middle East conflict. Brent crude futures for May rose over 3% to $102.96 per barrel while the West Texas Intermediate futures for May jumped...
A pumpjack stands at the Inglewood Oil field in Los Angeles, California on March 17, 2026. Patrick T. Fallon | Afp | Getty Images Oil prices gained in Asia trading Tuesday after clocking steep declines overnight, as traders assess developments related to the Middle East conflict. Brent crude futures for May rose over 3% to $102.96 per barrel while the West Texas Intermediate futures for May jumped 3.6% to $91.27 per barrel. The uptick follows a sharp sell-off on Monday, with Brent crude falling about 11% to around $99 per barrel on Monday after topping $112 on Friday. Stock Chart Icon Stock chart icon Oil prices since the start of the year "I AM PLEASE TO REPORT THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST," Trump said Monday in a Truth Social post. "I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD," Trump wrote. Trump's statement sent oil lower, while equities jumped. Still, the recovery on Tuesday suggests lingering skepticism over Trump's claims — that were also refuted by Iran. "Despite the exuberance on Wall Street, ladies and gentlemen, oil is well off its lows after Tehran denied conducting any weekend negotiations with Washington," said José Torres, senior economist at Interactive Brokers, who added that the risk of an extended war remains at the top of the mind for the market. Torres noted that repeated attacks on critical energy infrastructure in the Middle East are fueling continued concerns over potential disruptions to production and transportation. "Additionally, in consideration of the vast number of attacks that have affected critical energy in the Middle East … there's nervousness that there could be capacity and transportation disruptions that keep costs higher than at the beg...
据国家市场监督管理总局消息，华晨宝马汽车有限公司与宝马汽车贸易有限公司宣布召回部分国产和进口车型。召回涉及2023年12月5日至2025年4月12日期间生产的13.38万台国产5系汽车，以及多批次进口5系、7系和M5车型，总计超过45000台。原因是前排座舱空调（884113）线束可能因安装不当受损，存在短路和起火风险。宝马将为受影响车辆免费检查并修复问题。用户可通过My BMW APP或拨打售后...
据国家市场监督管理总局消息，华晨宝马汽车有限公司与宝马汽车贸易有限公司宣布召回部分国产和进口车型。召回涉及2023年12月5日至2025年4月12日期间生产的13.38万台国产5系汽车，以及多批次进口5系、7系和M5车型，总计超过45000台。原因是前排座舱空调（884113）线束可能因安装不当受损，存在短路和起火风险。宝马将为受影响车辆免费检查并修复问题。用户可通过My BMW APP或拨打售后服务热线获取更多信息。
Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge ...
Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge in redemption requests across the biggest (and certainly smallest) names in the industry, last week we said that debt funds managed by powerhouse firms including Blackstone, BlackRock, Cliffwater, Morgan Stanley and Monroe Capital have agreed to honor only 70% of the $10.1bn of redemption requests they have faced, according to FT calculations , as fund after fund is gating investors. We also said that the number of both redemptions and gates is expected to spike over the coming weeks, as funds managed by Ares Management, Apollo Global, Blue Owl, Oaktree and Goldman Sachs tally up how many of their investors are heading for the exits, as discussed here . According to the above table, Apollo's private credit fund, APODS, was supposed to report its Q1 outflow in early May. However, the surge in redemptions was so big the private equity giant decided not to wait that long, and according to Bloomberg, Apollo Global Management has joined a growing number of its peers in gating redemptions from one of its largest non-traded private credit funds for retail investors, becoming the latest alternative asset manager to be flooded by a surge in such requests. The $25 billion business development company, Apollo Debt Solutions (APODS), capped withdrawals at 5% of outstanding shares Monday after clients sought to redeem 11.2%, according to a shareholder letter seen by Bloomberg, thus gating more than half of the redemption requests. "Periods of complexity and uncertainty can create some of the most attractive investment opportunities, but only for those with the flexibility to act decisiv...
Country Garden Holdings is expected to return to profit for the year ended 2025 due to the non-cash gain recorded from the completion of the group’s debt restructuring. According to its filings to the Hong Kong Stock Exchange on Monday night, the group will record “a profit ranging from approximately one billion yuan to 2.2 billion yuan (US$145 million to US$320 million) for the year ended 31 Dece...
Country Garden Holdings is expected to return to profit for the year ended 2025 due to the non-cash gain recorded from the completion of the group’s debt restructuring. According to its filings to the Hong Kong Stock Exchange on Monday night, the group will record “a profit ranging from approximately one billion yuan to 2.2 billion yuan (US$145 million to US$320 million) for the year ended 31 December 2025”. This compared with the loss of about 35.15 billion yuan over the same period in 2024. Advertisement The remarkable turnaround was mainly attributable to the completion of the group’s debt restructuring , the Guangdong-based property development company said. Excluding the impact of this factor, the loss recorded by the group was primarily due to factors such as the pressure on the gross profit margin of the group’s development business affected by the industry and further impairment provisions made for certain assets and property projects, it said. Advertisement The stock of the Chinese property developer rallied 6.7 per cent to HK$0.32 in Hong Kong on Tuesday, paring to 24 per cent its decline this year.