Factbox-Companies sell their businesses in Russia
(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and…
(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and…
By Richa Naidu LONDON – Imperial Brands said on Tuesday it was starting to see some recovery of sales of cigarettes in duty-free shops at airports and in popular European…
By Marco Aquino LIMA – Peru, the world’s second-largest copper producer, risks losing out on billions of dollars of mining investment if the government fails to defuse protests that are…
LISBON -The normalisation of the European Central Bank’s monetary policy after a long period of ultra-low interest rates is needed and must happen in a sustainable way, increasing the ECB’s…
LONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four…
Richard G. Frohling, United States Attorney for the Eastern District of Wisconsin, announced that Kevin J. Mueller (age: 60) of Oshkosh, Wisconsin, was charged via a criminal complaint following his…
MLADA BOLESLAV, Czech Republic – Czech carmaker Skoda, owned by Germany’s Volkswagen, is confident that its parent will take a decision on its fourth large battery factory in Europe by…
PARIS – Environmental activists briefly disrupted BNP Paribas’ annual shareholder meeting in Paris on Tuesday, accusing France’s largest listed bank of being Europe’s main financing partner for the fossil energies…
By Victoria Waldersee BERLIN -Daimler Truck Holding said rising raw materials prices and inflationary pressures could weigh into its second quarter, but the truckmaker expected to continue passing high costs…
By Greg Roumeliotis and Krystal Hu (Reuters) -A unilateral pronouncement that the acquisition of Twitter Inc is “on hold”. Fierce criticism of the social media company’s handling of spam accounts.…
By Tarek Amara TUNIS – Tunisia has resumed phosphate exports after 11 years, and expects to ship more than 300,000 tonnes this year due to a sharp increase in global…
DAKAR – The International Monetary Fund (IMF) and Niger have reached a staff-level agreement on a first programme review that will allow for a disbursement of about $53 million if…
MILAN – Italy’s Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted last year, the fashion group…
By Hannah Lang, Savio Shetty and Lisa Pauline Mattackal WASHINGTON/MUMBAI – Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost…
By Nupur Anand and Chris Thomas MUMBAI – Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut on Tuesday, a fresh setback for the…
By Katie Paul, Krystal Hu and Hyunjoo Jin (Reuters) – Elon Musk said on Tuesday his $44-billion offer would not move forward until Twitter Inc shows proof that spam bots…
By Timothy Gardner WASHINGTON – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping…
LONDON – Investors are becoming increasingly concerned about global growth with optimism at an all-time low, as they increase their cash holdings to the highest level in two decades, according…
By Paul Sandle LONDON -Rising inflation and a tough economic backdrop will hold back Vodafone’s earnings this year and could complicate its dealmaking efforts, the mobile phone group warned on…
(Reuters) -The Kremlin said on Tuesday it would be “outright theft” for the Group of Seven economic powers and European Union to seize Russia’s frozen reserves and spend them on…
BRUSSELS – Euro zone economic growth was stronger than previously expected in the first quarter, revised data showed on Tuesday, and employment rose too, showing the euro zone expanded at…
By Kitiphong Thaichareon BANGKOK – Thailand’s finance minister said on Tuesday this year’s economic outlook was still good despite the state planning agency’s downgrade of its growth forecast, adding he…
By Bernadette Christina and Fransiska Nangoy (Reuters) – Indonesia, the world’s biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood…
NEW DELHI -India will allow overseas wheat shipments awaiting customs clearance, the government said on Tuesday, introducing some relaxation in exports after it banned overseas sales of the staple on…
BEIJING – The economy of China’s capital Beijing took a hit in April as authorities wrestled with a new COVID outbreak, telling residents to avoid going out or work from…