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BUDAPEST – Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signalling more pressure on foreign companies …

(Reuters) – Russia will service its external debt obligations in roubles if the United States blocks other options and will not call itself in default, Finance Minister Anton Siluanov said. …

SHANGHAI – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing …

By Julie Gordon and Nichola Saminather TORONTO – Toronto home prices are falling, but not everywhere. The median home price in the greater Toronto area has slipped 8.9% in the …

By Pushkala Aripaka (Reuters) – Two major British pub operators on Wednesday warned that expenses stemming from the Russia-Ukraine war and the cost of living crisis would crimp their profits, …

By Foo Yun Chee BRUSSELS -Japanese camera and printer maker Canon lost its challenge against a 28 million euros ($29.4 million) EU fine on Wednesday after Europe’s second-top court upheld …

LONDON – British house prices in March were 9.8% higher than a year earlier, down from 11.3% in February, the Office for National Statistics said on Wednesday. London saw the …

(Reuters) – Australian tech billionaire Mike Cannon-Brookes’ firm Grok Ventures said on Wednesday it settled a 11.28% stake purchase in AGL Energy worth A$650 million ($455.33 million) with J.P. Morgan. …

FRANKFURT – Euro zone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU’s statistics agency said on Wednesday, lowering its …

FRANKFURT – The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the economy and a sudden surge …

FRANKFURT – Holiday group TUI said on Wednesday it raised about 425 million euros ($447 million) in its capital increase to pay back parts of a German state bailout it …

(Reuters) – JPMorgan & Chase has resigned as a depositary of global depositary receipts (GDR) of Russia’s largest oil producer Rosneft on May 13, the U.S. bank said on its …

LONDON – Companies need to be incentivised and pushed to make green investments, British trade minister Anne-Marie Trevelyan said on Wednesday. “We need to do all we can to both …

By Gaurav Dogra (Reuters) – Emerging Asia ex-China bonds witnessed foreign outflows for a second straight month in April, due to higher U.S. yields and concerns over strict coronavirus lockdowns …

By Engen Tham SHANGHAI – Three banks in China’s central Henan province have frozen at least $178 million of deposits, offering scant information on why or for how long, leaving …

By Supantha Mukherjee STOCKHOLM -Ericsson on Wednesday laid out plans to restructure its operations to focus on business customers and mobile infrastructure, announcing two senior executives will leave the company. …

LONDON – U.S. investment bank JPMorgan backed Sri Lanka’s crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks …

BANGKOK – Thailand’s industries sentiment index dropped to a five-month low in April, hit by higher production costs as Russia’s invasion of Ukraine pushed up the price of energy and …

DUESSELDORF – Thyssenkrupp’s top shareholder has no plans to sell its 20.93% stake in the German conglomerate, its head said. “We are a stable, reliable anchor shareholder of the company,” …

(Reuters) – The Russian rouble weakened against the dollar on Wednesday but steadied not far from a five-year high against the euro, after losing the support of some capital controls …

TOKYO -A major water leak in central Japan on Wednesday disrupted supply to more than 130 businesses near the production centre of Toyota Motor Corp. The accident in Japan’s manufacturing …

By Christoph Steitz and Andres Gonzalez FRANKFURT/MADRID -Germany’s Siemens Energy is mulling a bid to buy the third of Siemens Gamesa it does not already own, the company said on …

By Tim Hepher PARIS -Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital’s deal to buy smaller rival Goshawk Aviation for $6.7 billion. The move comes …

STATEN ISLAND, NEW YORK – Two lucky TAKE 5 tickets were sold in Ridgewood and Staten Island. They were the top-prize winning tickets for the May 15th evening drawing. The …

(Reuters) – An investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what …