Europe's Gas Traders on Edge as Drama Mounts Over Russia Flows [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Instead of partying on Dec. 31, traders will be refreshing their screens to check headlines and grid data for clues on a last-minute solution — if there is one. Most Read from Bloomberg New York City's Historic Preservation Movement Is Having a Midlife Crisis NYPD Car Chases Are Becoming More Frequent — and More Dangerous Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal Major banks and the European Commission are preparing for pipeline flows across Ukraine to come to a stop on Jan. 1, forcing the continent to turn to other sources to replace them and likely driving up prices. Russia delivers about 15% of Europe's gas imports, and while only a third of that goes through Ukraine, traders remain on high alert. Moscow and Kyiv both said this week that the current deal won't be renewed, as Ukraine doesn't want Russian gas moving through its pipelines. But several central European countries which still rely on the fuel are desperate to find a workaround. Last-min
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