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 …
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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 …
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Financial News
World Bank approves $341 million loan to Turkey for ‘green’ agriculture
by Reutersby ReutersISTANBUL – 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 …
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Financial News
Bayer to invest 2 billion euros in drug production over next 3 years
by Reutersby ReutersFRANKFURT – German drugmaker Bayer said it would invest around 2 billion euros ($2.23 billion) at pharmaceutical manufacturing sites over the next three years, mainly to bolster production of biotechnology …
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A look at the day ahead in markets from Saikat Chatterjee. Whether you are a macro-guru or an astute stock picker, this is a quarter that most investors would like …
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Financial News
Air France-KLM renews CEO Smith’s mandate and names new KLM boss
by Reutersby Reuters(Reuters) – Air France-KLM will renew the mandate of CEO Ben Smith for an additional five years, the Franco-Dutch airline group said in a statement on Thursday. The group added …
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Department of Justice Press Releases
U.S. Attorney Andrew Luger Appointed to Serve on Attorney General Merrick B. Garland’s Advisory Committee
by DOJ Pressby DOJ PressMINNEAPOLIS – Attorney General Merrick B. Garland today announced the appointment of 12 U.S. Attorneys to serve on the Attorney General’s Advisory Committee of U.S. Attorneys (AGAC). Created in 1973, …
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By Anirban Sen and Pamela Barbaglia (Reuters) – The value of global merger and acquisition (M&A) activity took a 29% hit in the first quarter of 2022 as market volatility …
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By Rodrigo Campos NEW YORK – Latin America has served as a respite for whipsawed emerging market investors during the first quarter, as accelerating inflation and a more hawkish U.S. …
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Financial News
Analysis-Cyber insurers face hefty Ukraine war-related claims, despite fine print
by Reutersby ReutersBy Carolyn Cohn and Noor Zainab Hussain LONDON – Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get …
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Financial News
Europe would struggle to refill gas storage without Russian supplies
by Reutersby ReutersBy Susanna Twidale and Nora Buli LONDON/OSLO -Europe’s plans to build stocks and ensure gas supplies for next winter could be upended if exports from Russia are halted in a …
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Financial News
Property developer China Vanke expects 2022 profit to stabilise
by Reutersby ReutersHONG KONG – China Vanke, the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after Chairman Yu Liang apologised to …
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LONDON -Russia has managed to avoid defaulting on its international debt so far despite unprecedented Western sanctions. But the task is getting harder and Moscow’s threats to cut Europe’s gas …
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Financial News
France’s Sanofi offers 1.5 billion euro bond linked to access to medicine
by Reutersby Reuters(Reuters) – French healthcare group Sanofi said it had priced a first sustainability-linked bond issue that will be indexed on access to medicines, and worth 1.5 billion euros ($1.7 billion). …
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Financial News
GoTo to raise $1.1 billion after finalising IPO at top end of price range
by Reutersby ReutersBy Anshuman Daga SINGAPORE -GoTo Group, Indonesia’s biggest tech firm, said it plans to raise $1.1 billion in an initial public offering (IPO), pricing the deal in the top half …
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Financial News
IMF warns Russia sanctions threaten to chip away at dollar dominance – FT
by Reutersby Reuters(Reuters) – Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s …
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Financial News
Chinese manufacturing, services contract together for first time since 2020
by Reutersby ReutersBEIJING -Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country’s COVID-19 outbreak in 2020, adding to the urgency for …
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By Saqib Iqbal Ahmed NEW YORK – Freshly emboldened retail investors have continued piling into risky assets, supporting a bounce that has buoyed everything from so-called meme stocks to cryptocurrencies …
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Financial News
Analysis-U.S. and allies may find tapping stockpiles inadequate to plug Russian oil gap
by Reutersby ReutersBy Noah Browning and Timothy Gardner LONDON/WASHINGTON – Top oil consuming nations may find that one of their main tools to fight high global oil prices – the release of …
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By Kate Abnett and Susanna Twidale BRUSSELS/LONDON -Fears of a Russian gas supply crunch prompted some European countries on Wednesday to ask people to consume less energy in a move …
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Financial News
Apple mulls more memory chip suppliers, including China – Bloomberg News
by Reutersby Reuters(Reuters) – Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, …
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Financial News
Japan Q2 growth to be slower than first expected on price rises, Ukraine war – Reuters poll
by Reutersby ReutersBy Daniel Leussink TOKYO – Japan’s economy will grow at a slower pace than previously thought next quarter in part due to Russia’s invasion of Ukraine and its inflationary effect …
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Breaking NewsPolice BlotterVirginia News
Young Pedestrian Injured in Alexandria Crash
by Jeff Jonesby Jeff JonesAlexandria, VA – A 78-year-old driver struck a pedestrian after her vehicle left the roadway Tuesday afternoon in Alexandria. The Alexandria Police Department is investigating the motor vehicle crash that occurred …
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Breaking NewsNew York NewsPolice Blotter
DNA Links Deceased Man to 1980 Murder of Bay Shore Woman
by Adam Devineby Adam DevineBAY SHORE, NY – It has been 42 years since the death of Eve Wilkowitz, 20, of Bay Shore and during that time, her case went unsolved. Today, it was …
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Financial News
G7 must act quicker on closing digital loophole vs sanctions – BOJ official
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO – G7 policymakers must speed up creation of a common framework to regulate digital currencies, as the Ukraine war heightens the need to …