FRANKFURT – Volkswagen’s luxury division Porsche will suspend production of its electric Taycan model at the group’s Stuttgart-Zuffenhausen plant until the end of next week, the company said in a …
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- Financial News
Eni and Livestream to raise $230 million in green SPAC listing in London
by Reutersby ReutersMILAN – Eni and Livestream LLC plan to float their New Energy One Acquisition (NEOA) Corporation on the London Stock Exchange to raise up to 175 million pounds ($230 million) …
- Financial News
Cathay seeks to boost cargo capacity amid pain from new quarantine rules
by Reutersby ReutersBy Jamie Freed -Cathay Pacific Airways Ltd returned to profit in the second half of last year but has since been hamstrung by tough new quarantine rules for crew and …
- Financial News
Chinese firms that aid Russia may be cut off from U.S. equipment -commerce secretary
by Reutersby Reuters-Chinese companies that defy U.S. restrictions against exporting to Russia may be cut off from American equipment and software they need to make their products, U.S. Commerce Secretary Gina Raimondo …
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By Huw Jones LONDON -Britain said on Tuesday it would force Google, Facebook, Twitter and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups …
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By Huw Jones LONDON -The London Metal Exchange (LME) took emergency measures to halt trading in nickel on Tuesday as prices doubled to more than $100,000 a tonne. The surge …
- Financial News
China Feb factory inflation eases, spotlight on global commodities
by Reutersby ReutersBy Liangping Gao and Ryan Woo BEIJING – China’s factory inflation in February eased to the slowest annual pace in eight months, but analysts expect a pick-up in the coming …
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A look at the day ahead in markets from Dhara Ranasinghe. When McDonald’s opened in central Moscow’s Pushkin Square in 1990, it became a symbol of thriving American capitalism as …
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By Gaurav Dogra – Japanese investors in February sold the most overseas debt in a month in nearly two years on concerns over monetary tightening by the world’s major central …
- Financial News
UniCredit flags up to $8 billion in losses on Russia, prudent on buyback
by Reutersby ReutersBy Valentina Za MILAN -Italy’s second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border exposure, would cost around 7.4 billion euros ($8.1 billion), leaving its capital …
- Financial News
Banks in talks with distressed buyers on Russian assets – sources
by Reutersby ReutersBy Davide Barbuscia and Yoruk Bahceli NEW YORK/LONDON – Banks are having conversations with potential buyers on how to get rid of their exposure to Russian corporate loans, but sanctions …
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LVIV, Ukraine – Ukraine’s government has banned exports of rye, barley, buckwheat, millet, sugar, salt, and meat until the end of this year, according to a cabinet resolution published on …
- Financial News
Palm oil prices set for new record highs in coming months – analyst James Fry
by Reutersby ReutersKUALA LUMPUR – Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil stocks and a decline in …
- Financial News
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
by Reutersby ReutersBy Isabel Kua SINGAPORE – Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to …
- Financial News
U.S. crypto exchange CoinZoom pausing new accounts within Russia -CEO
by Reutersby ReutersBy Hannah Lang – Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country’s escalating conflict in Ukraine, the company’s chief executive officer told Reuters. …
- Financial News
IMF board to consider $1.4 billion in funding for Ukraine on Wednesday – Georgieva
by Reutersby ReutersWASHINGTON – The International Monetary Fund’s executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia’s invasion, IMF Managing …
- Department of Justice Press Releases
Assumption Parish Man Pleads Guilty to Bank Fraud
by DOJ Pressby DOJ PressNEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that RODNEY ROUSSELL (“ROUSSELL”), age 40, of Belle Rose, Louisiana, pled guilty today to bank fraud, in violation of …
- Financial News
BOJ has little room to move as Ukraine clouds recovery, prices soar
by Reutersby ReutersBy Leika Kihara TOKYO – The crisis in Ukraine is giving the Bank of Japan a headache not facing other major central banks, forcing it to maintain a more dovish …
- Financial News
Singapore central bank poll of economists sees 2023 GDP growth at 3%
by Reutersby ReutersSINGAPORE – Singapore’s economy is expected to grow 3% in 2023, as the city-state gradually reopens its borders to international travel, a survey of economists conducted by the city-state’s central …
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By Saqib Iqbal Ahmed and Ira Iosebashvili -Plummeting stocks, soaring commodity prices and tightening global financial conditions following Russia’s invasion of Ukraine are clouding the outlook for markets already unsettled …
- Financial News
Factbox-Airline hedging and surcharges offset some oil price pain
by Reutersby Reuters-The price of oil has surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to …
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Biden bans Russia oil imports to U.S., warns gasoline to rise further
by Reutersby ReutersBy Trevor Hunnicutt, Steve Holland and Andrea Shalal WASHINGTON -U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the …
- Department of Justice Press Releases
Wagner Woman Charged with Child Abuse and Neglect and Involuntary Manslaughter
by DOJ Pressby DOJ PressUnited States Attorney Dennis R. Holmes announced that a Wagner, South Dakota, woman has been indicted by a federal grand jury for Child Abuse and Neglect and Involuntary Manslaughter. Chelsea …
- Department of Justice Press Releases
Pine Ridge Man Pleads Not Guilty to Sexual Abuse of a Minor
by DOJ Pressby DOJ PressUnited States Attorney Dennis R. Holmes announced that a Pine Ridge, South Dakota, man has been indicted by a federal grand jury for Sexual Abuse of a Minor and Abusive …
- Department of Justice Press Releases
Rapid City Man Sentenced to Four Years in Federal Prison for Drug Trafficking Conspiracy
by DOJ Pressby DOJ PressUnited States Attorney Dennis R. Holmes announced that a Rapid City, South Dakota, man convicted of Conspiracy to Distribute a Controlled Substance was sentenced on February 24, 2022, by U.S. …