STOCKHOLM – Sweden’s economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said in a pre-budget forecast on …
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Ghana approves tax on electronic payments despite opposition protest
by Reutersby ReutersBy Cooper Inveen ACCRA -Ghana’s parliament approved a new 1.5% tax on electronic payments, known as the “e-levy,” on Tuesday after the opposition walked out in protest. Finance Minister Ken …
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ECB needs time to analyse fallout from ‘very high’ inflation: Lane
by Reutersby ReutersFRANKFURT – Euro zone inflation is “very high” but the European Central Bank needs time to assess the net impact of higher energy prices on workers’ wage demands and costs …
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Trading in over 30 Hong Kong-listed firms halted on results delay
by Reutersby ReutersBy Donny Kwok and Alun John HONG KONG – The Hong Kong stock exchange suspended from trade on Friday the shares of Chinese developers such as Sunac China, Shimao Group …
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The chip challenge: Keeping Western semiconductors out of Russian weapons
by Reutersby ReutersBy Jane Lanhee Lee OAKLAND, Calif. – When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set …
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By Diana Mandia and Federica Mileo (Reuters) -French catering and food services company Sodexo lowered its annual revenue growth outlook on Friday citing the pandemic, the Ukraine conflict and the …
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By Jesús Aguado MADRID – Spain’s Santander on Friday said it was on track to meet its 2022 profitability target and maintained its mid-term goals thanks to solid performance in …
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Ukraine asks EU, British, Japanese and U.S. central banks to ban rouble transactions
by Reutersby Reuters(Reuters) – The governor of Ukraine’s central bank urged the central banks of the European Union, the United States, Japan and Britain to ban transactions in the Russian or Belarusian …
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Europe’s appetite for U.S. gas fast-tracks two new LNG projects
by Reutersby ReutersBy Marcy de Luna HOUSTON – Two U.S. liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives …
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By Sophie Yu and Brenda Goh SHANGHAI/BEIJING – Chinese exports to Russia have been buffeted as the rouble swings in value, clear evidence of a ripple effect that Western sanctions …
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Financial News
Massive S&P options trade may have roiled U.S. stocks on Thursday
by Reutersby ReutersBy Saqib Iqbal Ahmed NEW YORK -Traders are pointing to a massive quarterly options trade on Thursday they said was from a JPMorgan fund as one reason why the stock …
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Europe can learn lessons from 1970s oil shock as rationing looms
by Reutersby ReutersBy Francesco Canepa FRANKFURT – With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of …
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MILAN – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which …
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By Ann Wang YUNLIN, Taiwan – A group of Taiwanese puppeteers are looking to use non-fungible tokens, or NFTs, to help bring their traditional art form into the modern era …
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By Tommy Wilkes LONDON – The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch …
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LONDON – British manufacturing expanded in March at the weakest pace in 13 months and price pressures, which had previously shown some signs of moderating, worsened, a survey showed on …
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(Reuters) -Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period. The bank said the measures, which raise an earlier …
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Global factory activity slows as Ukraine crisis, inflation bite
by Reutersby ReutersBy Jonathan Cable and Leika Kihara LONDON/TOKYO – Global factory activity slowed in March as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, while soaring …
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LONDON – Euro zone manufacturing growth slowed sharply last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy …
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Shanghai COVID curbs prompt half of U.S. firms in China to cut revenue forecasts – survey
by Reutersby ReutersSHANGHAI -More than half of U.S. multinational companies in China have reduced their annual revenue projections, mostly due to the recent COVID-19 outbreak in Shanghai, according to a joint survey …
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By Huw Jones LONDON – Banks should beware of fake news that could trigger a run on their deposits, the European Union’s banking watchdog said in a warning on Friday …
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Worldline takes controlling stake in ANZ’s commercial acquiring business
by Reutersby Reuters(Reuters) -Worldline has bought a controlling stake in ANZ’s commercial acquiring business, completing the creation of a 51%-49% joint venture that it will control, the French payments company said on …
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(Reuters) – As the second quarter gets underway, the biggest question is when soaring inflation will finally peak. Federal Reserve minutes and a Reserve Bank of Australia meeting will provide …
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BEIJING -China’s new home prices rose slightly in March with demand in small cities still weak despite more local policy easing steps, and renewed COVID-19 flare-ups curbing the appetite to …
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Tight supply chains, inflation slow Spain’s factory activity in March- PMI
by Reutersby ReutersMADRID – Factory activity in Spain grew for a 14th consecutive month in March though at a slower pace because of pressure on supply chains and rising inflation fuelled by …