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Russia and China advance Power of Siberia 2 gas pipeline despite pricing and timeline issues

Market News
20 May 2026
CNBC
View Source
Neutral
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Russia and China have signed a legally binding memorandum to build the 2,600-kilometer Power of Siberia 2 pipeline, which will transport 50 billion cubic meters of gas annually from Russia's Yamal fields to China via Mongolia. Key issues like pricing, financing, and delivery timelines remain unresolved, with China seeking lower prices and Russia aiming for higher rates. The pipeline aims to reduce China's reliance on maritime energy routes disrupted by the Iran war, but analysts warn it could increase Beijing's dependence on Russian energy. The project highlights deepening Sino-Russian energy ties amid global geopolitical shifts.

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Visa opens street soccer park in Toronto with $200K donation ahead of FIFA World Cup 2026

Visa opens street soccer park in Toronto with $200K donation ahead of FIFA World Cup 2026

Visa Canada has inaugurated a street soccer park at Nathan Phillips Square in Toronto, contributing CA$200,000 to the city's Soccer for All Legacy program. This temporary park, open until July 19, features two professional-grade mini-fields and local...

Others
Bullish
1 hour ago
Mitsui Fudosan posts record earnings for FY2025, expects continued growth in FY2026 with 15th consecutive revenue high.

Mitsui Fudosan posts record earnings for FY2025, expects continued growth in FY2026 with 15th consecutive revenue high.

Mitsui Fudosan reported record-high earnings for fiscal year 2025, surpassing forecasts with growth across all key financial metrics including operating revenue, income, and profit. The company achieved an EPS of JPY 101 and an ROE of 8.7%, meeting i...

Company Fundamentals
Bullish
4 hours ago
Chatan Town launches online oversized garbage collection via LINE, boosting convenience and digital services.

Chatan Town launches online oversized garbage collection via LINE, boosting convenience and digital services.

Chatan Town in Okinawa Prefecture has launched an online system for applying for oversized garbage collection through its official LINE account, using the KANAMETO ECO platform. This shift from phone-based applications to a digital process allows res...

Others
Bullish
4 hours ago
Nvidia opens new AI research lab in Singapore to boost embodied AI and robotics innovation

Nvidia opens new AI research lab in Singapore to boost embodied AI and robotics innovation

Nvidia has launched its first research center in Singapore, focusing on embodied AI and improving AI infrastructure efficiency. This move aligns with Singapore's strategy to become a regional hub for AI development, especially in robotics, autonomous...

Market News
Bullish
4 hours ago
Target reports Q1 earnings amid CEO-led turnaround and consumer challenges.

Target reports Q1 earnings amid CEO-led turnaround and consumer challenges.

Target is set to report its fiscal first-quarter earnings as CEO Michael Fiddelke leads a turnaround effort amid ongoing sales slumps and consumer uncertainty due to rising gas prices and economic concerns. Analysts expect earnings per share of $1.46...

Company Fundamentals
Neutral
4 hours ago
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