Russia’s economy set for biggest contraction since 1994, Kudrin says
(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…
(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…
FRANKFURT -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…
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…
By 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…
By 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…
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…
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…
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…
By 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…
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…
ZURICH – 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…
By 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…
By 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…
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.…
BEIJING – 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,…
HONG 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…
By Aradhana Aravindan and Chen Lin SINGAPORE – Singapore’s economy likely expanded at a slower pace in the first quarter, but is expected to stay on its recovery path this…
JAKARTA – Shares of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia fell as much as 3.14% on its second day of trading on Tuesday, after raising $1.1 billion in…
ATLANTIC CITY, NJ – Two New Jersey sub shops have been named for the top 10 best Italian Subs in America by Mashed. For those in Pennsylavania, that’s a hoagie.…
NEW CASTLE, DE – Police are searching for a man wanted for the murder of a 45-year-old New Castle man outside a motel this weekend. The Delaware State Police Homicide…
UTICA, NY – A juvenile has been charged for burglary and arson after trying to burn down a home with eight people inside it in Utica. According to the police,…
UTICA, NY – Utica police have arrested Leroy Thomas for a robbery hat took place Saturday on Genesee Street. According to police, at approximately 9:00 PM officers were dispatched to…
TOMS RIVER, NJ – Two men, Craig Dillard, 56, of Berkeley Township and George Burke, IV, 40, of Freehold Borough have been charged with numerous offenses related to a shooting…
HONG KONG – Citigroup Inc said on Tuesday it appointed Angel Ng to lead its Asia Pacific global wealth management business. Ng, currently Citigroup’s Hong Kong chief executive, will oversee…
HARTLY, DE – The Delaware State Police have announced the arrest of 36-year-old Joseph Jackson of Clayton following a traffic stop on Thursday evening. According to police, “On April 7th…