All News

MADRID – Spain’s budget deficit narrowed to 6.76% of gross domestic product last year from over 10% in 2020, beating forecasts from international organisations and the government, which expects a …

FRANKFURT – Euro zone growth will remain positive this year but the first half will be especially weak with barely any positive growth, European Central Bank Vice President Luis de …

By Kirstin Ridley LONDON – Anglo-Australian mining giant BHP is preparing to battle a resurrected 5 billion pound ($6.6 billion) lawsuit in London’s Court of Appeal next week, launched by …

By Marcelo Rochabrun NUEVO ANDOAS, Peru – Peru’s government wants to ramp up oil production in some of its dormant Amazonian fields as global crude prices soar on supply fears …

LONDON – OPEC+ has warned the global economy would see a major blow from a prolonged conflict in Ukraine, the oil producing group said in an internal report, seen by …

BRUSSELS – Ryanair expects its loss for the just-ending financial year at around the middle of its forecasted range and is well placed for next year depending on traffic recovery …

By Seher Dareen (Reuters) – A rally in oil is set to continue with prices staying well above $100 this year as a parched market struggles to wean itself off …

By Balazs Koranyi FRANKFURT -Inflation continued to surge across Europe’s biggest economies this month while growth took a hit, leaving households poorer as they picked up the bill for soaring …

(Reuters) -Russia’s finance ministry has paid 50.2 billion roubles ($616 million) in coupons on seven OFZ treasury bond issues, data on its website showed. The payments come as the finance …

SHANGHAI -Tesla has cancelled plans to resume production at its Shanghai factory on Friday and Saturday, an internal notice seen by Reuters showed, further delaying reopening of the manufacturing hub …

By Jason Xue and Xie Yu SHANGHAI/Hong Kong – China’s securities regulator said on Thursday both China and the United States have a willingness to solve their audit disputes, and …

By Leika Kihara and Junko Fujita TOKYO – Japan’s central bank on Thursday pledged to ramp up scheduled bond purchases in the second quarter, signalling it will continue to aggressively …

HONG KONG – Hong Kong’s retail sales fell in February after 12 straight months of growth as a wave or COVID-19 infections hit the city and anti-epidemic measures weakened consumer …

By Giulio Piovaccari TURIN -A Stellantis van plant in Russia will have to close shortly as it is running out of parts, the company’s chief executive Carlos Tavares said on …

BANGKOK – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the …

By Victoria Waldersee, Jan Schwartz and Nadine Schimroszik BERLIN – As Tesla kicks off production at its new German plant this month, Volkswagen is weeks away from finalising plans for …

By Foo Yun Chee BRUSSELS – Regulators are looking to update rules, which target companies abusing their market power and those setting up illegal cartels, to make them more efficient, …

By Huw Jones LONDON – A new global standard setter for company sustainability reporting set out its first draft guidelines on Thursday, entering a crowded field as trillions of dollars …

(Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp …

(Reuters) – Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities. The company said it had decided to withdraw the ratings for …

FRANKFURT – Euro zone inflation is increasingly likely to stabilise around 2% but the European Central Bank should be ready to change course if the outlook deteriorates due to Russia’s …

ZURICH – Zurich Insurance on Thursday said it aimed to achieve net-zero greenhouse gas emissions in its own operations by 2030, bringing forward its target by 20 years. “Zurich Insurance …

By David Lawder WASHINGTON -The United States will vigorously defend its economic interests and values against the negative impacts of China’s economic policies as Beijing doubles down on its state-centered …

By William Schomberg and Andy Bruce LONDON -Britain’s economy grew more quickly than previously thought in late 2021 but the increase was largely due to COVID-related activity in the health …

ISTANBUL – The World Bank said on Wednesday it had approved a loan of $341.27 million as part of a project to support Turkey’s agricultural sector and encourage the use …