By Mark Trevelyan and Jacob Gronholt-Pedersen LONDON – Russia can afford to wage a long war in Ukraine despite being hammered by Western sanctions aimed at crippling its ability to …
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By Paul Sandle LONDON – EasyJet said it was yet to see an easing of crew sickness that is causing it to cancel flights and disrupt the Easter plans of …
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By Satoshi Sugiyama and Maki Shiraki TOKYO – The weak yen was once a cause for celebration for Japanese companies, as they could sell cars and cameras cheaper abroad and …
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Financial News
Global growth optimism at all-time low, fund manager survey finds
by Reutersby ReutersBy Saikat Chatterjee LONDON -Optimism among fund managers over global economic growth has hit an all-time low while concerns of possible stagflation have risen to the highest since August 2008, …
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SHANGHAI -German auto parts supplier Bosch on Tuesday said it has suspended production at two sites in the Chinese cities of Shanghai and Changchun as it follows government policies to …
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By James Davey LONDON -Supply chain snags hammered first-half profit at ASOS and the British online fashion retailer warned its expectations for a much better second half could be disrupted …
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Financial News
Deliveroo warns of slower consumer spending after posting 12% rise in order value
by Reutersby ReutersBy Aby Jose Koilparambil (Reuters) – Britain’s Deliveroo said on Tuesday that consumer spending could slow for the remainder of the year after the food delivery firm reported higher order …
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Financial News
Russia’s economy set for biggest contraction since 1994, Kudrin says
by Reutersby Reuters(Reuters) -Russia’s economy is on track to contract by more than 10% in 2022, the biggest fall in gross domestic product since the years following the 1991 fall of the …
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Financial News
Euro zone banks to tighten corporate credit access on war fears: ECB
by Reutersby ReutersFRANKFURT -Euro zone banks plan to sharply tighten access to corporate credit in the second quarter as the war in Ukraine weighs on the outlook and cuts deep into their …
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By Jihoon Lee and Yena Park SEOUL -South Korea’s finance minister will lobby for the country to be included in the Morgan Stanley Capital International (MSCI) developed market index when …
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Financial News
Global index funds seek to shift out of Chinese ADRs as delisting looms
by Reutersby ReutersBy Samuel Shen and Selena Li SHANGHAI/HONG KONG – Global index-tracking fund managers with exposure to U.S.-listed Chinese firms are pushing index providers to swap into their Hong Kong-traded peers …
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Financial News
S.Korea’s SK weighs investing in small nuclear reactors, eyes Bill Gates’ TerraPower
by Reutersby ReutersBy Joyce Lee and Byungwook Kim (Reuters) – South Korea’s SK Group said on Tuesday it was mulling investments in small-sized nuclear reactors and that one of the candidates was …
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Top HeadlinesUS and World News
UK says ‘all options are on the table’ if Russia uses chemical weapons in Ukraine
by Reutersby ReutersLONDON – All options would be on the table in how the West responds to any use of chemical weapons in Ukraine by Russia, British armed forces minister James Heappey …
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A look at the day ahead in markets from Sujata Rao There it is: an admission from a central banker that rapid policy tightening may cause a hard landing for …
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By Supantha Mukherjee STOCKHOLM -Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson, which said on Monday …
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ZURICH – Swiss drugmaker Novartis will cut thousands of jobs worldwide as it combines its pharma and oncology businesses in a reorganisation announced last week, Swiss newspaper Tages-Anzeiger reported on …
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Financial News
Just Eat Takeaway.com partners with grocer Ahold in Netherlands
by Reutersby ReutersBy Toby Sterling AMSTERDAM -Just Eat Takeaway.com, Europe’s largest online food ordering service, said on Tuesday it will partner with supermarket operator Ahold’s flagship Dutch Albert Heijn chain to deliver …
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Top HeadlinesUS and World News
Drugs running out, surgeries cancelled as Sri Lanka’s health system buckles
by Reutersby ReutersBy Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – Rosanne White was first diagnosed with cancer eight years ago and lost a kidney. After the cancer returned five years ago, an …
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ZURICH -Fragrance and flavour maker Givaudan on Tuesday confirmed its mid-term targets and said it would keep raising prices this year to offset higher input costs after like-for-like sales rose …
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Financial News
U.S. surpasses Germany as top Swiss export market as pharma booms
by Reutersby ReutersZURICH – The United States overtook Germany as Switzerland’s biggest export market last year, mainly thanks to strong growth in chemical and pharmaceutical products over the last two decades, the …
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Financial News
Asian bonds record biggest monthly foreign outflow since March 2020
by Reutersby ReutersBy Gaurav Dogra (Reuters) – Asian bonds witnessed their biggest monthly foreign outflow in two years last month, weighed down by a strengthening dollar and higher interest rates overseas, and …
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Financial News
Japan warns on rapid yen weakening, stresses importance of stability
by Reutersby ReutersBy Tetsushi Kajimoto TOKYO -Japanese policymakers warned on Tuesday against any rapid moves in the foreign exchange market, underscoring the importance of stability as authorities kept a wary watch on …
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ZURICH – The Swiss Financial Market Supervisory Authority (FINMA) has determined violation of market conduct rules at Blackstone Resources AG and one of its directors, the watchdog said on Tuesday. …
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Financial News
China’s March trade growth likely slowed due to virus curbs, Ukraine war- Reuters poll
by Reutersby ReutersBEIJING – China’s export growth likely slowed in March as the Ukraine war inhibited global demand, while imports probably eased amid signs that widespread anti-COVID lockdowns have weakened domestic consumption, …
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Financial News
China nudges listed firms, investors to buy stocks to stabilise market
by Reutersby ReutersHONG KONG -China is encouraging long-term investors to buy more equities and major shareholders of listed firms to increase their holdings when stocks slump, in a bid to stabilise a …