By Leah Douglas – U.S. ethanol producers are betting heavily on carbon capture and storage (CCS) technology to lower their greenhouse gas emissions and secure a place for the corn-based …
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MILAN – Stellantis should be able to catch up with electric vehicle pioneer Tesla in the coming years, its chief executive Carlos Tavares said on Friday, adding that competition would …
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SHANGHAI -Shares in Yum China and four other Chinese companies tumbled on Friday after they were ensnared in an auditing dispute between Beijing and Washington, though China’s securities regulator said …
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ZURICH – A Swiss court has rejected an Arab businessman’s appeal seeking to block Japanese prosecutors from getting bank account details for their investigation of fugitive former car executive Carlos …
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Financial News
Italy’s Leonardo sees Ukraine crisis accelerating EU defence project
by Reutersby ReutersBy Francesca Landini MILAN – Italian aerospace and defence group Leonardo believes Russia’s invasion of Ukraine will accelerate plans to create European common defence capabilities and expects to see higher …
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SHANGHAI – China’s securities regulator on Friday published draft rules on how fines for securities fraud offenses will be prioritised to compensate investors in civil cases, part of a broader …
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Financial News
Analysis-Drugmakers look to help Ukrainians in drug trials after Russian invasion
by Reutersby ReutersBy Manas Mishra – The Russian invasion of Ukraine has left drugmakers scrambling to find ways for patients enrolled in clinical trials there to receive their medicines as millions seek …
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Financial News
Toyota to cut quarterly production to ease strain on beleaguered suppliers
by Reutersby ReutersBy Satoshi Sugiyama TOKYO – Toyota Motor Corp will scale back domestic production by up to 20% during the months of April, May and June, it said on Friday, to …
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Financial News
UK year-ahead inflation expectations rise to highest since 2008
by Reutersby ReutersLONDON – The British public’s expectations for the rate of inflation in a year’s time rose to the highest since 2008, although the increase in longer-term expectations has been less …
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By Tom Sims, Carolyn Cohn and Jesús Aguado LONDON – Deutsche Bank said it was not withdrawing completely from Russia, drawing anger from investors and contrasting with Wall Street banks …
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Financial News
Uniqlo operator, Japan Tobacco to suspend some Russia operations in U-turn
by Reutersby ReutersTOKYO -Uniqlo owner Fast Retailing Co and Japan Tobacco Inc on Thursday said they would suspend some operations in Russia, in a U-turn by the Japanese consumer giants which had …
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Financial News
Credit Suisse aims to nearly halve emissions financing to fossil fuels by 2030
by Reutersby Reuters(This March 10 story corrects unit in paragraph 3 to 21.9 million tonnes (not 21.9 tonnes)) By Brenna Hughes Neghaiwi ZURICH – Credit Suisse set new targets on Thursday to …
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Financial News
Musk’s plan for Tesla-built batteries has an acceleration challenge
by Reutersby ReutersBy Hyunjoo Jin SAN FRANCISCO – Elon Musk wants to make cheaper batteries – fast. But the Tesla Inc chief executive is unlikely to hit ambitious targets for Tesla to …
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Financial News
Exclusive-Nokia set to replace Huawei gear in parts of Vodafone Idea’s India network – sources
by Reutersby ReutersBy Supantha Mukherjee and Abhirup Roy STOCKHOLM/MUMBAI – Nokia is in talks to replace Huawei 4G radio equipment from parts of Vodafone Idea’s telecom network in India, in one of …
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Financial News
UK economy surges unexpectedly, bolstering case for rate hike next week
by Reutersby ReutersBy Andy Bruce and David Milliken LONDON – Britain’s economy rebounded much more than expected in January from its coronavirus-related lull in late 2021, according to data on Friday, raising …
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BERLIN – Russia’s war in Ukraine could reduce Germany’s 2022 economic expansion by 2 percentage points, more than halving the growth rate for this year, according to a study published …
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STOCKHOLM – Volvo Cars will establish a tech hub in the Swedish capital of Stockholm it said on Friday, as it seeks to reach its goal to sell at least …
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Financial News
Major Toshiba shareholder Farallon calls on it to solicit buy-out offers
by Reutersby ReutersTOKYO – One of Toshiba Corp’s largest shareholders on Friday called on it to solicit buy-out offers, joining a chorus of investors who have opposed the Japanese conglomerate’s plan to …
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Financial News
Russian billionaire Moshkovich cuts stake in Rusagro to below 50%
by Reutersby Reuters– Billionaire Vadim Moshkovich, the founder and top shareholder of Russia’s Rusagro, has cut his stake in the farming conglomerate to below 50%, the London-listed company said after he was …
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A look at the day ahead in markets from Julien Ponthus. European markets are about to start trading with news emerging that Western nations are set to ramp up sanctions …
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By Mike Dolan LONDON – The European Central Bank’s decision to keep on tightening despite fear of war and stagflation has been criticised as either bluff or error – but …
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By Paul Carrel BERN – While the rest of Europe grapples with surging prices, in Switzerland inflation is so tame that some key costs are actually falling. The price of …
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Financial News
Factbox – Airline hedging and surcharges offset some oil price pain
by Reutersby Reuters– The price of oil this week surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been …
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Financial News
China premier confident of hitting 2022 growth target despite obstacles
by Reutersby ReutersBy Ryan Woo BEIJING – Chinese Premier Li Keqiang said on Friday he is confident of hitting this year’s economic growth target, despite headwinds including the war in Ukraine, pledging …
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Financial News
U.S. push to export LNG amid Ukraine crisis slowed by climate concerns, sources say
by Reutersby ReutersBy Jarrett Renshaw and Timothy Gardner WASHINGTON – White House efforts to boost U.S. liquefied natural gas exports and cut Europe’s reliance on Russian gas after the invasion of Ukraine …