PARIS – Major French trade unions said in a joint statement on Friday that a proposed pay rise for workers in the logistics sector was “unacceptable” and that they had …
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- Financial News
A Le Pen upset win would spark selloff in French bonds, euro -fund managers
by Reutersby ReutersBy Lisa Pauline Mattackal and Sanjana Shivdas (Reuters) – Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French …
- Financial News
Lagarde tells ECB policymakers to hold back criticism, leaks – sources
by Reutersby ReutersBy Balazs Koranyi and Francesco Canepa WASHINGTON – European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics …
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By Supantha Mukherjee STOCKHOLM – German business software group SAP on Friday flagged a 300 million euro ($325.3 million) hit to sales from its planned exit from Russia, after strength …
- Financial News
Honeywell seeks to invest about $200 million in Egypt -ministry
by Reutersby ReutersCAIRO – Honeywell International seeks to invest about $200 million in petrochemicals and the production of green fuels for aircraft in Egypt, the Ministry of Petroleum has quoted Honeywell’s country …
- Financial News
Russia faces risk of “orchestrated” default on state debt -VTB CEO
by Reutersby Reuters(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russia’s second-largest lender …
- Financial News
European equity funds hit by 10th straight week of outflows -BofA
by Reutersby ReutersLONDON – European equity funds suffered a tenth straight week of outflows at $2.9 bln, with financials leading the losses, a BofA report citing EPFR data on Friday showed. According …
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By Niklas Pollard STOCKHOLM -Swedish truck maker AB Volvo reported a surprise rise in first-quarter core earnings on Friday, as it juggled strong market demand with a strained supply chain …
- Financial News
French business activity grows in April at fastest rate in more than four years -flash PMI
by Reutersby ReutersPARIS – French business activity grew in April at the fastest pace in more than four years, a monthly survey showed, as the euro zone’s second-biggest economy benefited from fewer …
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(Reuters) – Japanese airline ANA Holdings Inc lifted on Friday its full-year operating loss estimate to 175 billion yen ($1.37 billion) from 125 billion yen previously because domestic and international …
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A look at the day ahead in markets from Dhara Ranasinghe. One would have thought markets would have got used to hawkish rhetoric from major central banks. Clearly not. Overnight, …
- Financial News
French Finance Minister: we are entering “new era” of higher inflation
by Reutersby ReutersPARIS -Inflation will be high in 2022 and although the price pressure should progressively ease next year, France and its partner countries are set to enter into “a new era …
- California NewsPolice Blotter
San Francisco Police Investigate Taraval District Homicide 22-055
by Your Newsby Your NewsOn Wednesday, April 20, 2022, at approximately 6:12 p.m., San Francisco Police officers from Taraval Police Station responded to the 200 block of Farallones Street for a report of a shooting. Officers …
- California NewsPolice Blotter
San Francisco Police make Arrests in Estes Robbery Series 22-056
by Your Newsby Your NewsOn March 30, 2022, at approximately 3:57 p.m., San Francisco Police Officers from Central Station responded to the 1100 block of Columbus Avenue on a report of a robbery. Officers …
- Financial News
Big business joins forces to bridge Germany’s growing skills gap
by Reutersby ReutersBy Victoria Waldersee BERLIN – Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs …
- Financial News
Australian lender Westpac fined A$113 million for multiple compliance breaches
by Reutersby Reuters(Reuters) – An Australian court ordered Westpac Banking Corp to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across its businesses, after hearing the last of the …
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STOCKHOLM -Swedish defence products company Saab will boost capacity to meet rising demand, it said on Friday after posting an increase in first-quarter profit and strong order intake. Shares in …
- Financial News
China securities watchdog expects audit deal soon with U.S. regulators
by Reutersby ReutersBy Kevin Yao BOAO, China -China’s securities watchdog is holding regular talks with U.S. regulators over audit cooperation and expects a deal soon, a Chinese regulatory official said on Thursday …
- Financial News
Zelenskiy says Ukraine needs $7 billion per month to make up for losses caused by invasion
by Reutersby ReutersWASHINGTON – Ukraine President Volodymyr Zelenskiy said on Thursday that Ukraine needs $7 billion per month to make up for economic losses caused by Russia’s invasion of his country. Zelenskiy, …
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By Laura Sanicola (Reuters) – Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been …
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By Kate Holton CHESTERFIELD, England – Steel boss James Brand raises his voice above the roar of metal being funnelled into a foundry furnace as he details how rampant costs …
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BEIJING -Industrial output in Shanghai, China’s most populous city, slumped in March, the first monthly decline in two years, after stringent lockdown measures halted production in some factories, a city …
- Financial News
Analysis-Some investors tiptoe back into Treasuries, as hawkish Fed clouds outlook
by Reutersby ReutersBy Davide Barbuscia NEW YORK – Expectations that a hawkish Federal Reserve will cause an economic slowdown are pushing some investors to increase exposure to long-term Treasuries, as policymakers continue …
- Financial News
Analysis-Dollar’s rally may be nearing ‘tipping point’ as Fed readies big hikes
by Reutersby ReutersBy Saqib Iqbal Ahmed and Gertrude Chavez-Dreyfuss (Reuters) – A months-long rally in the dollar may be reaching its peak as the Federal Reserve gears up to deploy more interest …
- Financial News
Growth slowdown fears temper bullishness on commodity currencies
by Reutersby ReutersBy Sujata Rao and Saikat Chatterjee LONDON -After huge rallies fed by blockbuster commodity price surges, the tide may be turning for currencies such as the Aussie dollar and Colombian …