TAIPEI -Taiwan’s Pegatron Corp, which assembles iPhones for Apple Inc, said on Tuesday it had suspended operations at its Shanghai and Kunshan plants in China due to the government’s strict …
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Russia recommends no Eurobond payouts if Russian holders don’t get money
by Reutersby Reuters(Reuters) – Russian authorities recommended a halt in issuing permits for payouts on Eurobonds if Russian bondholders do not receive payments, the finance ministry said on Tuesday. “Now, due to …
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Ukraine’s Zelenskiy urges quick EU sanctions on Russian oil, all banks
by Reutersby ReutersVILNIUS – Ukrainian President Volodymyr Zelenskiy urged the European Union on Tuesday to impose sanctions on all Russian banks and Russian oil and to set a deadline for ending imports …
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U.S. small business sentiment ebbs as inflation worries mount -NFIB
by Reutersby ReutersWASHINGTON – U.S. small business confidence fell in March, with the share of owners reporting that inflation was their single most important problem the largest since 1981, a survey showed …
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DUBAI – Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public offering (IPO), the region’s biggest …
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German investor morale dips in April, inflation expectations ease
by Reutersby ReutersBERLIN – German investor sentiment fell by less than expected in April, a survey showed on Tuesday, as a decline in inflation expectations gave some cause for hope about the …
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By David Milliken and William Schomberg LONDON -Britons’ earnings shrank by the most since 2013 in February when adjusted for surging inflation, despite unemployment falling to its joint lowest in …
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Analysis-Pandemic jet deals in spotlight as Airbus axes Russia delivery
by Reutersby ReutersBy Tim Hepher PARIS – In the final hours of 2021 Airbus officially delivered two A350s to Russia’s Aeroflot, helping the jetmaker meet annual delivery targets. Months later, the jets …
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By Paul Sandle LONDON – EasyJet said it was yet to see an easing of crew sickness that is causing it to cancel flights and disrupt the Easter plans of …
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By Satoshi Sugiyama and Maki Shiraki TOKYO – The weak yen was once a cause for celebration for Japanese companies, as they could sell cars and cameras cheaper abroad and …
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Financial News
Global growth optimism at all-time low, fund manager survey finds
by Reutersby ReutersBy Saikat Chatterjee LONDON -Optimism among fund managers over global economic growth has hit an all-time low while concerns of possible stagflation have risen to the highest since August 2008, …
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SHANGHAI -German auto parts supplier Bosch on Tuesday said it has suspended production at two sites in the Chinese cities of Shanghai and Changchun as it follows government policies to …
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By James Davey LONDON -Supply chain snags hammered first-half profit at ASOS and the British online fashion retailer warned its expectations for a much better second half could be disrupted …
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Deliveroo warns of slower consumer spending after posting 12% rise in order value
by Reutersby ReutersBy Aby Jose Koilparambil (Reuters) – Britain’s Deliveroo said on Tuesday that consumer spending could slow for the remainder of the year after the food delivery firm reported higher order …
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Russia’s economy set for biggest contraction since 1994, Kudrin says
by Reutersby Reuters(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 …
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Euro zone banks to tighten corporate credit access on war fears: ECB
by Reutersby ReutersFRANKFURT -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 …
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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 …
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Global index funds seek to shift out of Chinese ADRs as delisting looms
by Reutersby ReutersBy 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 …
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S.Korea’s SK weighs investing in small nuclear reactors, eyes Bill Gates’ TerraPower
by Reutersby ReutersBy 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 …
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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 …
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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 …
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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 …
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Just Eat Takeaway.com partners with grocer Ahold in Netherlands
by Reutersby ReutersBy 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 …
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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 …
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U.S. surpasses Germany as top Swiss export market as pharma booms
by Reutersby ReutersZURICH – 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 …