(Reuters) -Miner Barrick Gold, said on Thursday first-quarter production fell 17.7% from the previous three months, hurt by lower output at its Carlin and Cortez mines in Nevada. Barrick said…
DUESSELDORF – Thyssenkrupp is cutting working hours for 1,300 of its steel workers, the German conglomerate said on Thursday, responding to the impact of the war in Ukraine on the…
(Reuters) – Profits at Ma Hong’s spicy hotpot restaurant have been squeezed by about a fifth since he opened in downtown Beijing last year, crushed by beef tripe prices that…
FRANKFURT – U.S. investor Capital Group sold most of its 5.2% stake in Deutsche Bank, according to a disclosure on Thursday. The filing makes official the name of the seller,…
By Xie Yu HONG KONG – UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss bank said in a statement,…
By David Milliken and William Schomberg LONDON -British consumers spent more in early April, partly due to soaring fuel prices, but fewer people left their homes to go to work,…
By Rocky Swift TOKYO -The owner of Japanese clothing brand Uniqlo on Thursday flagged a big profit drop in China due to COVID-19 restrictions, while its chief executive sounded alarm…
(Reuters) – Russia has pledged 19.5 billion roubles ($238 million) in state support for airlines to refund passengers flying on routes that have been cancelled due to sanctions, Russian Prime…
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according…
By Simon Jessop LONDON – BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a…
By Andrea Shalal WASHINGTON – Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S. economic growth, a new report…
By Mimosa Spencer PARIS -Sales at Birkin bag maker Hermes beat estimates in the first quarter, lifted by strong appetite for its luxury accessories, particularly in the United States and…
ZURICH – Lebanese central bank chief Riad Salameh is ready to meet Swiss prosecutors in person to answer questions about their money-laundering investigation, he said in a television interview. Salameh…
TOKYO – Rising prices for raw materials, including nickel and copper, accelerated by Russia’s invasion of Ukraine were having a “big” impact on Panasonic Corp, with the Japanese industrial giant…
MILAN -Shares in Atlantia rose more than 5% on Thursday after Italy’s Benetton family and U.S. investment fund Blackstone tabled their offer to buy out investors in the airport and…
By Maki Shiraki TOKYO -Toyota Motor Corp plans to launch a sport utility vehicle version of its Crown sedan for Japan, China and North America, three people said, revamping a…
By Francois Murphy VIENNA – Russian President Vladimir Putin told Chancellor Karl Nehammer during their meeting this week that Austria’s supply of gas can continue to be paid for in…
By Kevin Yao BEIJING – China’s economic growth is likely to slow to 5.0% in 2022 amid renewed COVID-19 outbreaks and a weakening global recovery, a Reuters poll showed, raising…
TOKYO – The Bank of Japan (BOJ) will give a slightly hawkish tilt to its guidance on the future path of monetary policy by phasing out a pledge to ramp…
(Reuters) – Rio Tinto, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion…
SHANGHAI/BEIJING – China’s securities regulator on Thursday ordered Legend Holdings Corp to rectify information disclosure issues. The China Securities Regulatory Commission (CSRC) said in a statement that a regular on-site…
BEIJING – China’s commerce ministry hopes the United States will remove tariffs on Chinese goods and stop cracking down on Chinese firms as soon as possible, ministry spokersperson Shu Jueting…
By Supantha Mukherjee STOCKHOLM – Swedish telecom provider Ericsson said on Thursday it would likely be fined by U.S. regulators for its handling of a bribery investigation in Iraq and…
By Cynthia Kim and Aradhana Aravindan SEOUL/SINGAPORE – Singapore and South Korea both tightened monetary policy on Thursday, hot on the heels of rate hikes in Canada and New Zealand,…
By Ryan Woo BEIJING -China’s explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing, but economists…