By Uditha Jayasinghe COLOMBO – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help …
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China’s Tencent faces possible record fine for anti-money-laundering violations – WSJ
by Reutersby Reuters– Tencent Holdings Ltd is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile …
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By Nidhi Verma and Sethuraman N R New Delhi -India will take “appropriate” steps to calm the rise in oil prices, triggered by Russia’s invasion of Ukraine, the junior oil …
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By Mimosa Spencer PARIS – Gucci owner Kering is bolstering its high-end eyewear division with a deal to buy U.S.-based label Maui Jim, the French luxury group said Monday. European …
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ISTANBUL – Ford Motor Co’s Turkish joint venture will buy the U.S. company’s Craiova plant in Romania for 575 million euros ($630 million) and plans to move Courier van production …
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Velodyne says founder David Hall and wife Marta slash stake to about 10%
by Reutersby Reuters– Sensor maker Velodyne Lidar Inc said on Monday founder David Hall and wife Marta Hall have cut their stake in the company to 10.1% from 42.9%. David Hall also …
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Russia to use yuan from its forex reserves, finance minister says
by Reutersby Reuters– Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow’s access to the U.S. dollars and euros in the reserves, Finance Minister Anton Siluanov …
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Inflation-wary bond markets focused on Fed’s tricky balancing act
by Reutersby ReutersBy Karen Brettell – With the Federal Reserve almost certain to hike interest rates this week for the first time in more than three years, investors will be focused on …
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By Francesco Guarascio and Gabriela Baczynska BRUSSELS – Top European Union diplomats have agreed to add Chelsea football club owner Roman Abramovich to the EU list of Russian billionaires sanctioned …
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EU members should keep budgets ‘reactive’ over Ukraine crisis – France
by Reutersby ReutersPARIS – EU governments need to keep their fiscal stances “reactive” in the face of the current Ukraine crisis with targetted measures for households and firms, French Finance Minister Bruno …
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India’s top refiner IOC buys 3 million bbls Russian Urals crude via tender -sources
by Reutersby ReutersBy Nidhi Verma NEW DELHI – Indian Oil Corp, the country’s top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its …
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AT&T, One America News to keep ad deal even after DirecTV drops network
by Reutersby ReutersBy John Shiffman WASHINGTON – AT&T’s financial relationship with One America News is deeper than previously known and will continue even after DirecTV drops the far-right network from its satellite …
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Russian central bank raises 1.4 trln roubles at 1-day deposit auction
by Reutersby Reuters– Russia’s central bank on Monday said it had raised 1.4 trillion roubles ($12.44 billion) at one-day “fine-tuning” deposit auction. The bank earlier on Monday provided banks with 2.1 trillion …
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SHANGHAI – China’s industry regulator has given China Evergrande New Energy Vehicle Group approval to start sales of its inaugural electric car, the Hengchi 5 sport utility vehicle, according to …
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Russian energy import stop could cost Germany up to 3% of GDP -economists
by Reutersby ReutersBERLIN – A halt to Russian energy imports could cost Germany up to 3% of its gross domestic product (GDP) in the short term, estimates by the EconPol Europe network …
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U.S. step to delist Chinese ADRs worsens investment, listing outlook
by Reutersby ReutersBy Xie Yu and Selena Li HONG KONG – The U.S. securities regulator’s move to identify Chinese firms likely to be delisted from New York for not meeting auditing requirements …
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– The S&P 500 index will end 2022 about 1% lower as commodity prices surge and the outlook for global economic growth weakens amid the conflict in Ukraine, Goldman Sachs …
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By Ludwig Burger -Sanofi’s shares slid 5% on Monday after a drug candidate to fight a common type of breast cancer failed to slow progression of the disease in a …
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New wave of inflation – and disruptions – hits U.S. factory floors
by Reutersby ReutersBy Timothy Aeppel – Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories. At BCI Solutions Inc., a metal …
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Wall Street banks’ staff churn to double this year after bonus payouts – experts
by Reutersby ReutersBy Elizabeth Dilts Marshall NEW YORK – Staff turnover on Wall Street is set to surge in coming weeks as investment bankers who held off job-hunting during the pandemic cash …
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Stockpiling Russians buy electronics, pharmacy goods as crisis deepens -PSB
by Reutersby Reuters– Russians rushed to buy electronics and pharmaceuticals and spent more on clothes and food in the first week of March, Promsvyazbank (PSB) said, stockpiling goods as the rouble plunged …
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MADRID – Spain expects “in the coming hours” to approve emergency purchases of corn from Argentina and the United States for animal feed after supply gaps left by Russia’s invasion …
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Pet collars and casual clothing mark pandemic shift in UK inflation basket
by Reutersby ReutersBy David Milliken LONDON – Pet collars and casual clothing are replacing takeaway doughnuts and men’s two-piece suits this year as Britain’s statisticians update their inflation calculations to account for …
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LONDON -HSBC announced on Monday it has agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest …
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FRANKFURT – Swiss Re said on Monday that it was not taking on new business with Russian and Belarusian clients, and that it was not renewing existing business with Russian …