By Anna Pruchnicka (Reuters) – DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, said it plans to stay in Russia, but could not give an outlook …
Financial News
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Financial News
Nissan delays Ariya electric SUV sales again, citing supply chain woes
by Reutersby ReutersTOKYO – Nissan Motor Co is pushing back the release date of the electric Ariya B6 SUV again due to a global shortage of semiconductors and other supply chain disruptions, …
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U.S. stops Russian bond payments in bid to raise pressure on Moscow
by Reutersby ReutersBy Megan Davies and Alexandra Alper NEW YORK/WASHINGTON -The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves …
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SOFIA – The Russian invasion of Ukraine and sanctions against Russia are likely to put the brakes on Bulgaria’s economic growth this year and keep annual inflation in double digits, …
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High commodity prices, comparative calm keeping investors interested in Latam M&A
by Reutersby ReutersBy Tatiana Bautzer SAO PAULO – Latin American bankers expect investors to overlook political worries in the region this year and keep investing in local companies, buoyed by strong commodities …
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Factbox-How U.S. banks are dipping their toes in the crypto water
by Reutersby ReutersBy Hannah Lang (Reuters) – Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity of cryptocurrencies to offer related services …
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Euro zone economy got March boost from reopening but prices soared -PMI
by Reutersby ReutersBy Jonathan Cable LONDON – Euro zone business growth got a boost last month from the re-opening of economies following the Omicron coronavirus variant, according to a survey which however …
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Boehringer’s operating income edges up on Jardiance, animal health
by Reutersby ReutersFRANKFURT – Germany’s unlisted Boehringer Ingelheim said operating income rose 1.8% in 2021, driven by more prescriptions of diabetes drug Jardiance and demand for its veterinary drugs as people purchased …
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By Svea Herbst-Bayliss BOSTON -Activist investment firm Macellum Advisors GP LLC on Monday urged Kohl’s Inc to be more open about its sales process, urging the retailer to give bidders …
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Russian magnate says charging roubles for exports would backfire – newspaper
by Reutersby Reuters(Reuters) – Steel baron Vladimir Lisin, listed by Forbes magazine as Russia’s third richest man, told Kommersant newspaper on Tuesday that Moscow’s plans to charge roubles for its exports would …
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BOJ Kuroda tones up warning on weak yen, says moves ‘somewhat rapid’
by Reutersby ReutersBy Leika Kihara and Tetsushi Kajimoto TOKYO -Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid”, joining a chorus of policymakers who …
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DUBLIN -Ryanair expects average air fares during this year’s summer peak season to be 5-10% higher than pre-pandemic prices in the same period of 2019, Group Chief Executive Michael O’Leary …
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Swiss finance faces “manageable” first-round effects from Ukraine conflict – FINMA
by Reutersby ReutersBERN – While Swiss financial firms’ business ties to Russia are “not insignificant”, financial market supervisor FINMA does not currently foresee a wide-scale threat to the Swiss financial market and …
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Asian equities face biggest foreign outflows in March in two years
by Reutersby ReutersBy Gaurav Dogra (Reuters) – Asian equities witnessed steep foreign outflows in March, hit by worries over higher inflation as commodity prices soared due to an escalating conflict between Russia …
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Spanish March service activity slows on war uncertainty, trucker strike -PMI
by Reutersby ReutersMADRID – Growth in Spain’s services sector slowed in March as uncertainty weighed after Russia invaded Ukraine, truckers went on strike and energy costs climbed, a survey showed on Tuesday. …
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UK shoppers turn to own-label food as inflation bites, research shows
by Reutersby ReutersLONDON – British shoppers are increasingly choosing own-label products to help counter surging inflation, according to research by NielsenIQ that showed overall supermarket spending down on a year ago when …
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A look at the day ahead in markets from Dhara Ranasinghe. Even the most dovish central banks are now caving in, and accepting the need to act against persistent inflation. …
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Australia’s central bank, no longer ‘patient’, opens door to tightening
by Reutersby ReutersBy Wayne Cole SYDNEY – Australia’s central bank on Tuesday opened the door to the first interest rate increase in more than a decade as it dropped a previous pledge …
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IMF says monitoring political and economic developments in Sri Lanka ‘very closely’
by Reutersby ReutersCOLOMBO – The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka “very closely” as public unrest in the island nation …
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Financial News
Huawei pays out $9.65 billion in dividends to current and retired staff
by Reutersby ReutersSHANGHAI – Huawei Technologies paid out dividends totalling 61.404 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme, according to a filing with the Shanghai …
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Financial News
Russian services sector shrinks in March at fastest pace since May 2020 – PMI
by Reutersby Reuters(Reuters) – Russia’s services sector activity shrank in March at the fastest rate since May 2020 when the COVID-19 pandemic hit, due to a slump in client demand and new …
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By Asha Sistla (Reuters) – Gold eased on Tuesday as the U.S. dollar held firm on rising prospects of more sanctions against Russia and possibly bigger interest rate hikes by …
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Financial News
Twitter options trades ahead of Musk disclosure raise analysts’ eyebrows
by Reutersby ReutersBy Saqib Iqbal Ahmed NEW YORK – Some well-timed trades in the options on Twitter Inc, in the days before Tesla Inc’s top boss Elon Musk revealed a large stake …
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Logistics giants hedge their bets in uncertain U.S. self-driving truck race
by Reutersby ReutersBy Tina Bellon TUCSON, Ariz. – U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and …
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Financial News
Saudi non-oil private sector keeps up solid growth in March – PMI
by Reutersby ReutersDUBAI – Saudi Arabia’s non-oil private sector kept up its solid pace of growth in March as output expanded at the fastest rate in over four years, a survey showed …