By Jesús Aguado MADRID -The chairman of Spanish bank Santander on Friday called for the European Union to define what kind of lending is considered consistent with a net zero …
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(Reuters) -The Russian rouble touched a more than five-week high in early Moscow trade on Friday before settling in the 83-84 range to the dollar, and Russian stocks climbed, with …
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Financial News
U.S. manufacturing sector activity slows in March; input prices surge – ISM
by Reutersby ReutersWASHINGTON – U.S. manufacturing activity unexpectedly slowed in March as tight supply chains continued to drive input prices higher, but factories boosted hiring, allowing them to reduce the backlog of …
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A cash-strapped Venezuela leans on scrap exports to raise hard currency
by Reutersby ReutersBy Mayela Armas and Maria Ramirez GUANTA/CARACAS – On the outskirts of the eastern Venezuelan port town of Guanta, hundreds of trucks line up everyday to unload tons of scrap …
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Sanofi to float drug ingredients manufacturing business on May 6
by Reutersby ReutersBy Sarah Morland and Ludwig Burger (Reuters) -Sanofi plans to list its drug ingredients subsidiary EUROAPI on May 6, saying the business is set to grow and improve its profitability …
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Car sales in India rise but automakers warn of supply chain disruptions
by Reutersby ReutersBy Aditi Shah NEW DELHI – Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global …
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Canadian factory activity grows at record pace despite surging costs
by Reutersby ReutersTORONTO – Canadian manufacturing activity expanded at a record pace in March as restrictions to contain the coronavirus pandemic eased and demand conditions improved, although the Russia-Ukraine war contributed to …
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Spain expects Easter bounce to lift tourism to 80% of pre-COVID levels
by Reutersby ReutersMADRID – Spain expects international tourist arrivals to reach 80% of pre-pandemic volumes in the second quarter as northern Europeans shrug off concerns over the Ukraine conflict and return en …
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Euro rises vs dollar as eurozone inflation fans rate hike expectations
by Reutersby Reuters(Adds dropped word from company name in 13th paragraph in story from Wednesday) By John McCrank NEW YORK -The dollar dropped to a nearly two-week low on Wednesday as optimism …
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By Gilles Guillaume PARIS – Sales of new electrified vehicles in France overtook petrol-powered equivalents for the first time in the first quarter, a major milestone for lower-emission vehicles amid …
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By Balazs Koranyi FRANKFURT – Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on …
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Financial News
Ford recalls 737,000 U.S. vehicles over software and fire-risk issues
by Reutersby ReutersBy David Shepardson WASHINGTON -Ford Motor Co is recalling 737,000 vehicles in the United States over a part that could develop an oil leak and a software error that could …
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UK-listed Evraz abandons coal assets demerger after Russia sanctions
by Reutersby ReutersBy Shanima A (Reuters) – Russian steelmaker Evraz, whose biggest shareholder is sanctioned billionaire Roman Abramovich, on Friday scrapped plans to separate its coal assets, citing sanctions on Moscow following …
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Spain March car sales slump as trucker strike adds to industry woes
by Reutersby ReutersMADRID – New car registrations in Spain fell more than 30% in March as a partial trucker strike delayed deliveries of vehicles and parts and deepened existing supply-chain issues, industry …
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NEW YORK – U.S. job growth continued at a brisk clip in March, with the unemployment rate falling to a new two-year low of 3.6% and wages re-accelerating, positioning the …
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Financial News
Fed’s Evans sees 7 rate hikes this year, but says that could change
by Reutersby ReutersBy Ann Saphir (Reuters) – Chicago Federal Reserve President Charles Evans on Friday repeated his view that the U.S. central bank will likely need to make seven quarter-of-a-percentage-point interest rate …
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JERUSALEM -Israel and the United Arab Emirates have concluded negotiations for a free trade agreement, Israel’s Economy Ministry and the UAE foreign trade minister said on Friday after formally establishing …
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By Lefteris Papadimas ATHENS – Greece’s economy is expected to expand 3.5% this year due to higher energy prices and the Ukraine crisis, the International Monetary Fund said on Friday, …
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Financial News
U.S. stocks, bonds flash diverging signals as volatile first quarter ends
by Reutersby ReutersBy David Randall NEW YORK – Which market has it right? With the first quarter of 2022 over, the U.S. stock and bond markets appear to be conveying drastically different …
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LONDON -An inflationary wave unleashed by the war in Ukraine and the response to COVID may be hard to stop because of an energy price shock, sanctions that are exacerbating …
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(Reuters) – Shares of GameStop Corp jumped 15% in premarket trading on Friday after the video game retailer at the heart of last year’s retail trading frenzy said it would …
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Financial News
Bank of Canada’s Macklem to chair Basel banking committee’s oversight body
by Reutersby Reuters(Reuters) – The oversight body of the Basel Committee on Banking Supervision (BCBS) said on Friday it has appointed Tiff Macklem as its new chair, effective immediately. The BCBS constitutes …
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(Reuters) – U.S. money market funds lured big inflows in the week to March 30 as investors flocked to safer assets due to concerns that the Federal Reserve’s aggressive stance …
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By Joseph White DETROIT – Major automakers are expected to report on Friday that first-quarter U.S. car and light truck sales fell sharply compared to a year ago, with more …
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Financial News
Chinese capital sees energy consumption peak, weaned off coal by 2035
by Reutersby ReutersSINGAPORE – The Chinese capital Beijing will largely wean itself off coal by 2035, when its total energy use is expected to peak at the equivalent of 90 million tonnes …