By Huw Jones LONDON – The London Stock Exchange Group said on Thursday that applying financial sanctions on Russia following Moscow’s invasion of Ukraine would have only a minor impact …
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Euro zone unemployment at record lows, producer prices show record jump y/y
by Reutersby ReutersBRUSSELS – Euro zone unemployment fell to record lows in January as the economy continued to rebound from the pandemic slump, but industrial producer prices showed a record surge year-on-year …
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Amazon and India’s Future agree to talks after the U.S. retailer offers olive branch
by Reutersby ReutersBy Aditya Kalra and Abhirup Roy NEW DELHI – Amazon.com Inc and India’s second-largest retailer Future Group have agreed to talks proposed by the U.S. e-commerce giant, seeking to resolve …
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LONDON – More than four-fifths of British people reported a rise in the cost of living last month, according to official data on Thursday that also suggested stormy weather had …
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Smirnoff vodka maker Diageo pauses exports to Ukraine and Russia
by Reutersby ReutersLONDON – Spirits company Diageo, the maker of Smirnoff vodka and Guinness, has paused exports to Ukraine and Russia, the company said on Thursday. “Our priority is the safety of …
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UK services expand at fastest since June despite record price rises – PMI
by Reutersby ReutersBy David Milliken LONDON – Price rises in Britain’s services sector last month were the most widespread in more than 25 years as businesses recovered from the Omicron wave of …
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BRUSSELS – The European Union is considering excluding banks in Belarus from the SWIFT messaging system that underpins the global financial transactions, as it has already done for seven Russian …
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Citigroup hikes U.S. equities to ‘overweight’, sees demand for growth stocks
by Reutersby Reuters– Citigroup upgraded U.S. equities to “overweight” rating on Thursday on analysts’ expectations of a revival in appetite for growth stocks due to a sharp drop in bond yields following …
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Analysis-Sanctions response to Russia’s invasion offers clues for China
by Reutersby ReutersBy Tony Munroe BEIJING – Under President Xi Jinping, China has pushed for self-reliance in key areas of technology and the payments needed to settle trade to minimise its vulnerability …
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By Tassilo Hummel and Lawrence White PARIS/LONDON – Societe Generale warned it could be stripped of its business in Russia, where it has more than 18 billion euros ($19.97 billion) …
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Analysis-Chinese banks scramble for ‘workarounds’ as Russia sanctions impinge
by Reutersby ReutersBy Engen Tham and Julie Zhu – Top Chinese banks are rushing to ensure they can maintain business ties with Russian clients without running afoul of a barrage of Western …
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Exclusive – Russian firms rush to open Chinese bank accounts as sanctions bite – sources
by Reutersby ReutersBy Samuel Shen and Andrew Galbraith SHANGHAI – The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, …
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Brandenburg to hold news conference on Tesla gigafactory on Friday
by Reutersby ReutersBERLIN – The German state of Brandenburg has called a news conference for Friday at which it will announce its decision on approval for the planned Tesla gigafactory near Berlin, …
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MOSCOW – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a suspension of parts of its …
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Euro zone business growth accelerated in Feb as Omicron faded -PMI
by Reutersby ReutersLONDON – Business activity across the euro zone accelerated sharply last month as demand soared, particularly in the bloc’s dominant services industry, according to a survey mostly conducted before Russia …
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Indian trade, current account deficit seen widening, rupee under pressure
by Reutersby ReutersBy Swati Bhat MUMBAI – India’s trade and current account deficits are likely to widen, putting pressure on the rupee, as global oil prices surge and the domestic economy reopens …
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Lifting of COVID curbs boosts German private sector in Feb – PMI
by Reutersby ReutersBERLIN – Activity in Germany’s services sector grew further in February as the country began loosening the COVID containment measures that had pressured its economy in late 2021, although the …
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Fertiliser ban decimates Sri Lankan crops as government popularity ebbs
by Reutersby ReutersBy Uditha Jayasinghe and Devjyot Ghoshal AGBOPURA, Sri Lanka – W.M. Seneviratne sat watching a mechanised harvester slice through the jade green fields around him in eastern Sri Lanka’s Agbopura …
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Spanish Feb services activity bounced back from pandemic-induced dip in Jan -PMI
by Reutersby ReutersMADRID – Activity in Spain’s services sector bounced back in February from a brief contraction in January, when restrictions on travelling and socializing were reimposed to curb the Omicron variant …
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A look at the day ahead in markets from Sujata Rao Minutes from the European Central Bank’s February meeting are due later on Thursday but last month’s shock hawkish pivot …
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Lufthansa on course for recovery, Ukraine crisis limits visibility
by Reutersby ReutersBERLIN – Germany’s Lufthansa, which narrowed its losses in 2021 but remained in the red, said it could not provide a detailed outlook for 2022 due to the war in …
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German imports exceeded exports in 2021 trade with Russia – stats office
by Reutersby ReutersBERLIN – German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics Office reported on Thursday. In …
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By Ludwig Burger FRANKFURT -Germany’s Merck KGaA expects strong earnings growth this year as its laboratory gear division benefits from drugmakers’ efforts to explore new biotechnologies, even as demand related …
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Japan’s Renesas, India’s Tata Elxsi partner in EV design centre
by Reutersby ReutersTOKYO – Japanese chipmaker Renesas Electronics Corp announced on Thursday it will set up a design centre with India’s Tata Elxsi Ltd to jointly develop electric vehicle (EV) technology as …
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– Australian financial conglomerate Macquarie Group’s green investment unit said on Thursday it would launch an offshore wind energy business, with operations set to start in April. The new business, …