Russia says it will decide on future use of Moscow’s Renault plant next week
– Russian authorities will decide how to use Renault’s plant in Moscow by the end of next week, the Ministry of Industry and Trade said on Thursday, after the carmaker…
– Russian authorities will decide how to use Renault’s plant in Moscow by the end of next week, the Ministry of Industry and Trade said on Thursday, after the carmaker…
By Tom Wilson LONDON – Decentralised finance – or DeFi – is throwing up new risks for investors as it evolves to mirror traditional markets, a global body for securities…
By Tassilo Hummel and Gilles Guillaume PARIS -Renault SA, the Western carmaker most exposed to the Russian market, said on Wednesday it would suspend operations at its plant in Moscow…
By Victoria Waldersee BERLIN -Daimler Truck expects high raw material prices to drive price increases this year but limited impact from events in Ukraine, the German truck and bus maker…
– Moderna Inc on Thursday raised its full-year forecast for sales of its COVID-19 vaccine to roughly $21 billion from $19 billion. The company in February forecast sales of $19…
By Andrea Shalal WASHINGTON – The United States and Japan on Thursday announced an agreement that will allow American farmers and ranchers to meet Japan’s growing demand for U.S. beef…
SHANGHAI – Chinese electric vehicle (EV) maker BYD said on Thursday it has signed a strategic cooperation agreement with Shell that will see the two partner up on ventures in…
FRANKFURT – The European Central Bank will tighten banks’ access to its liquidity from July by phasing out exceptionally easy collateral rules introduced at the onset of the coronavirus pandemic,…
By Scott Murdoch SYDNEY – JD Logistics is looking to raise $1.1 billion from a $700 million share placement with its parent company JD.Com plus a $400 million primary capital…
ZURICH – The Swiss National Bank (SNB) has sold most of its Russia-related assets and sees only limited risk for the Swiss financial sector from the war in Ukraine, its…
By William James LONDON -Britain sanctioned another wave of Russia’s banks, critical industries and a host of members of its elite on Thursday, including Gazprombank, Alfa Bank, and a woman…
BRUSSELS – European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next…
(Refiles Wednesday story to fix typo in National Wealth Fund abbreviation) -Russia’s National Wealth Fund (NWF), which accumulates the country’s oil revenues, fell 11.5% month-on-month to $154.8 billion in February…
By Jonathan Cable LONDON – Euro zone business growth was stronger than expected this month, a survey showed on Thursday, although prices rose at a record pace, likely adding to…
By Samuel Shen and Selena Li SHANGHAI/HONG KONG – A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty…
TOKYO -Japan’s SMBC Nikko Securities said on Thursday that executives had been arrested and indicted for alleged market manipulation, following charges from the country’s financial watchdog. The brokerage unit of…
By Huw Jones LONDON – New York has extended its lead among the world’s top financial centres, with runner up London losing ground to increasingly competitive rivals in the United…
BEIJING – China will exempt the 3% Value Added Tax (VAT) levied on some small firms, the country’s main source of jobs, the finance ministry said on Thursday, to help…
By Mark Miller – If you need help filing for Social Security, Medicare or disability benefits, I have good news and bad news. The good news: The sprawling network of…
LONDON – Britain’s private sector has reported the steepest rise in prices charged by companies since at least 1999 and optimism is at its lowest ebb in almost a year…
By Jacob Gronholt-Pedersen COPENHAGEN -Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials…
(In story published Friday, corrects big firms’ median capital spending forecast to +4.0% from +4.4% in paragraph 8, after a contributor corrected its forecast) TOKYO -Japan’s big manufacturers’ business mood…
By Carolyn Cohn LONDON -Lloyd’s of London faces major claims this year related to Russia’s invasion of Ukraine, but this will not lead to solvency issues, the commercial insurance market…
By Aditi Shah and Chandini Monnappa HYDERABAD, India -Airbus expects Indian airlines to order 2,210 planes over the next 20 years, up from a previous forecast of 1,900, it said…
STOCKHOLM – Swedish automotive technology group Veoneer said on Thursday that the deal that will see it bought by Qualcomm Inc and SSW Partners would close on April 1. Chipmaker…