– Goldman Sachs on Friday cut its target for Europe’s major stock index, saying equities in the region are likely to face risks for some time as the Russia-Ukraine crisis …
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Financial News
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A look at the day ahead in markets from Dhara Ranasinghe. World markets may have recovered some of their worst losses after Russia’s attack on Ukraine but a sombre mood …
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Financial News
Japan’s central bank plans experts’ workshop to scrutinise inflation
by Reutersby ReutersBy Leika Kihara TOKYO -The Bank of Japan said on Friday it would scrutinise factors behind the country’s low inflation and the divergence of price trends from other parts of …
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By John Revill ZURICH -Holcim is confident it can handle energy price spikes caused by the Ukraine crisis, CEO Jan Jenisch said on Friday, after the world’s biggest cement-maker reported …
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Financial News
Russian central bank raises limit for Friday’s repo auction to 3 trln rbls
by Reutersby ReutersMOSCOW – The Russian central bank on Friday said it was raising the limit at a “fine-tuning” repo auction later on Friday to 3 trillion roubles ($35.55 billion) from 2 …
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Financial News
Analysis-Russia’s economic defences likely to crumble over time under sanctions onslaught
by Reutersby ReutersBy Sujata Rao and Marc Jones LONDON – Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to …
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Financial News
Rightmove forecasts strong housing market after 2021 profit surge
by Reutersby Reuters– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven by rising inflation and a …
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Financial News
Analysis-Shocks and missteps: how Sri Lanka’s economy ended in crisis
by Reutersby ReutersBy Uditha Jayasinghe and Devjyot Ghoshal COLOMBO – In late November 2019, after winning Sri Lanka’s presidential election and months ahead of a parliamentary ballot that would again test his …
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STOCKHOLM, Feb 25 – Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the statistics office said on Friday. …
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HELSINKI – Finnish premium department store chain Stockmann on Friday posted a rise in fourth-quarter earnings and said it expected the positive development to continue as long as no major …
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Financial News
Ukraine’s Zelenskiy says Russian actions show sanctions not enough
by Reutersby ReutersKYIV -Ukrainian President Volodymyr Zelenskiy said on Friday that continued Russian aggression against his country showed that sanctions imposed on Moscow by the West were not enough. Zelenskiy said the …
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Financial News
Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
by Reutersby ReutersBERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the economy …
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FRANKFURT -Swiss Re swung to a smaller-than-expected full-year profit in 2021, the reinsurance company said on Friday, marking a partial rebound from the coronavirus pandemic despite big claims from natural …
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Companies shut Ukraine operations, assess impact of sanctions on Russia
by Reutersby ReutersBy Jacob Gronholt-Pedersen and Yadarisa Shabong -Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion, while UPS and FedEx …
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Financial News
S.Korea exports to rise for 16th month in Feb; CPI seen up 3.5% – Reuters poll
by Reutersby ReutersSEOUL – South Korea’s exports likely increased for a 16th month in February, and at a faster pace, a Reuters poll showed on Friday, though Russia’s invasion of Ukraine may …
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Financial News
Consumer inflation in Japan’s capital perks up, Ukraine crisis to add pressure
by Reutersby ReutersBy Takahiko Wada and Leika Kihara TOKYO -Consumer inflation in Japan’s capital accelerated in February at the fastest annual pace in more than two years, suggesting that soaring fuel and …
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By Liangping Gao and Ryan Woo BEIJING -Shaken by a liquidity crunch among developers, China’s property market is expected to stay soft in the first half of 2022 before rebounding …
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Financial News
Global central banks were on the same page. Ukraine may reshape that
by Reutersby ReutersBy Howard Schneider and Leika Kihara – The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been thrown into doubt by Russia’s invasion of Ukraine, a …
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MOSCOW – Russia reserves the right to respond to Britain’s ban on Aeroflot flights with similar measures, the TASS news agency cited Russia’s aviation authority as saying on Friday. (Reporting …
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KYIV – Ukraine’s central bank has banned payments to entities in Russia and Belarus as well as operations involving both nations’ currencies, the regulator said on Friday, a day after …
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Financial News
Taiwan’s TSMC says to comply with export control rules on Russia
by Reutersby ReutersTAIPEI – Chipmaker TSMC is fully committed to complying with new export control rules, the company said on Friday, after Taiwan’s government said it would join international sanctions on Russia …
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Financial News
Alibaba reports slowest revenue growth since going public as competition bites
by Reutersby ReutersBy Josh Horwitz and Nivedita Balu – Chinese e-commerce giant Alibaba Group Holding Ltd reported on Thursday its slowest quarterly revenue growth since going public in 2014, hit by a …
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Financial News
Chinese firms expect limited impact from Ukraine crisis; some seek to benefit
by Reutersby ReutersSHANGHAI – A growing number of Chinese firms with business in Ukraine or Russia say the impact from the region’s crisis is limited for now, as some sought to reassure …
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Financial News
Japan Jan factory output likely fell for 2nd month on hit from Omicron – Reuters poll
by Reutersby ReutersBy Kantaro Komiya TOKYO – Japan’s industrial output likely fell for a second month in January as the fast spread of the Omicron COVID-19 variant disrupted car production, a Reuters …
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Financial News
Vietnam to import additional 2.4 million cu m of petroleum products in Q2
by Reutersby ReutersHANOI – Vietnam will import an additional 2.4 million cubic metres of petroleum products in the second quarter to compensate for a fall in domestic output, the industry and trade …