Egypt gets Gulf help again as eyes turn to currency flexibility
By Patrick Werr CAIRO – Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third such rescue in a decade,…
By Patrick Werr CAIRO – Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third such rescue in a decade,…
LONDON – Wall Street banks predicted on Monday more price pressures ahead for Turkey after the country reported annual inflation rates climbing to a 20-year high of 61.14% in March.…
(Reuters) -The Russian rouble rose on Monday, reversing earlier losses, and the MOEX benchmark stock index climbed to levels last seen before Russia sent thousands of troops into Ukraine, as…
By Marc Jones LONDON – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since…
BERLIN – Henkel will continue doing business in Russia for the time being, the German consumer goods group’s chairperson said on Monday, adding that the company’s activities in the country…
By Daren Butler and Ali Kucukgocmen ISTANBUL -Turkey’s annual consumer inflation leapt to a 20-year high of 61.14% in March, data showed on Monday, fuelled by rising energy and commodity…
GENOA -A potential increase in military spending could add to growth estimates released last month by Italian defence group Leonardo, Chief Executive Alessandro Profumo said on Monday. “We already have…
A look at the day ahead in markets from Saikat Chatterjee Is this 2000? Or 2006 or even 2019? Financial markets in the last two weeks have had analysts reaching…
(Reuters) -British insurer Aviva on Monday named Charlotte Jones as its next chief financial officer, saying it has become only the second FTSE 100 firm with a female CEO-CFO duo…
By Huw Jones LONDON – The European Union said on Monday it has widened access for U.S. exchanges and clearing houses to investors in the bloc, a move which contrasts…
BERLIN -German airport services provider Fraport cannot sell its stake in St. Petersburg airport before 2025, and even then such a sale would be subject to conditions and not necessarily…
By Belén Carreño (Reuters) – Spain’s labour market withstood soaring inflation and a crippling truckers’ strike in March to see a drop in unemployment, data showed on Monday, helped in…
TOKYO – Japan’s Nippon Steel Corp has completed its acquisition of majority stakes in two electric arc furnace steelmakers in Thailand, paying about $477 million in total, it said on…
DUBLIN – Workday Inc will add 1,000 jobs at its European headquarters in Dublin over the next two years and construct a 51,000 square metre campus in the capital to…
By Leigh Thomas PARIS – French President Emmanuel Macron risks seeing high inflation eroding economic gains achieved during his presidency as he seeks a second term. Macron was elected in…
(Corrects spelling of executive’s name in 10th paragraph) By Anshuman Daga SINGAPORE -Australian venture capital firm Square Peg is raising $550 million to expand its commitment to back startups in…
FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday.…
BERLIN – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing to the beginning of a…
By Graham Fahy DUBLIN -Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday as passenger numbers topped pre-pandemic levels for the first time ahead of the key…
ZURICH – Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be…
PARIS – Carrefour, Europe’s largest food retailer, is joining forces with venture capital firm Daphni to invest in digital retail startups as part of a global plan to step up…
By Marco Aquino LIMA -Peru, the world’s no. 2 copper producer, will target “excess profits” that mining firms have gained from soaring global metals prices for extra taxation, the country’s…
(Reuters) – ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans…
STOCKHOLM – Volvo Cars said on Monday car sales in March fell 22% to 58,677 cars as the automaker faced shortages of a specific semiconductor. Volvo, majority owned by China’s…
LONDON – U.S. two-year Treasury yields climbed to their highest level since early 2019 on Monday, continuing to push higher on expectations that the Federal Reserve will deliver bigger rate…