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  • Financial News

    ‘Panicked’ Russians withdrew $9.8 billion in FX from banks in March

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) – Russian households withdrew foreign currency worth $9.8 billion from their accounts in March and banks cut new corporate lending by around one third, the central bank said on …

  • Financial News

    Russia tweaks tax code to make it easier for foreign firms to pay in roubles

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) – Russian lawmakers on Wednesday passed an amendment to the tax code that they said would make it easier for foreign companies to open accounts with Russian banks and …

  • Financial News

    Baker Hughes earnings miss profit outlook, sending shares down

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Liz Hampton and Rithika Krishna (Reuters) -U.S. oilfield services and equipment firm Baker Hughes Co on Wednesday disclosed first-quarter earnings that missed analysts’ forecasts, sending its shares down about …

  • Financial News

    Russia’s Rosneft seeks roubles up front in oil tenders – sources

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Florence Tan (Reuters) – Russia’s Rosneft has asked for roubles and full prepayments in tenders for crude, sources have told Reuters, as the country’s top oil exporter aligns itself …

  • Financial News

    Russian rouble firms past 77 vs dollar, stocks reverse losses

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) -The Russian rouble firmed past 77 to the dollar in volatile trade on Wednesday, while stock indexes reversed earlier losses as the market watched developments around Ukraine and sanctions …

  • Financial News

    IMF’s Georgieva says China should stimulate consumption as lockdowns mount

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    WASHINGTON – International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that China should use fiscal space to stimulate consumption as it faces an economic slowdown prompted by renewed …

  • Financial News

    Yellen tells Indonesian finance minister: ‘No business-as-usual’ for Russia

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    WASHINGTON – U.S. Treasury Secretary Janet Yellen told her counterpart from Indonesia that there will be no “business-as-usual” for Russia in the global economy given its invasion of Ukraine, the …

  • Financial News

    Russia set to ban sharing of ‘banking secrets’ overseas

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) – Russia’s lower house of parliament has approved a draft bill that would ban Russian banks from sharing “banking secrets” with foreigners, the State Duma said in a statement …

  • Financial News

    U.S. has permitted more wind and solar under Biden, but needs to do more -report to Congress

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) – The U.S. has accelerated the permitting of wind and solar projects on federal lands under President Joe Biden, but his administration needs more staff and less administrative red …

  • Financial News

    Crypto exchange Coinbase launches NFT marketplace for some U.S. users

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Elizabeth Howcroft LONDON – Major U.S. crypto exchange Coinbase Global Inc launched its NFT marketplace on Wednesday, in a sign of confidence in the niche digital asset even as …

  • Financial News

    Gold steadies as dollar, bond yields ease

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Eileen Soreng (Reuters) – Gold steadied on Wednesday, recouping some losses after hitting a near two-week trough, as the dollar and U.S. Treasury yields eased off recent peaks. But …

  • Financial News

    BMW launches new 7 Series with all-electric model

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Doyinsola Oladipo NEW YORK – BMW began pre-sales of the seventh generation of the BMW 7 Series on Wednesday, featuring for the first time an all-electric luxury sedan as …

  • Financial News

    China’s fiscal revenue growth slows in March

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    BEIJING -The growth of China’s government fiscal revenue slowed in March compared with the first two months of the year, finance ministry data showed on Wednesday, further weighing on a …

  • Financial News

    Takeaway in talks with potential buyers for Grubhub, says CEO Groen

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    AMSTERDAM – Food delivery company Just Eat Takeaway.com is in talks with potential buyers over a possible sale of its U.S. arm Grubhub, Chief Executive Jitse Groen said on Wednesday. …

  • Financial News

    Investors cheer Danone’s strong start to 2022, M&A talk

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Dominique Vidalon PARIS – Shares in Danone rose over 8% on Wednesday, lifted by a media report of merger interest from French dairy rival Lactalis and stronger than expected …

  • Financial News

    EU works to cut cost of Russia oil ban to win over sceptics – source

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Francesco Guarascio BRUSSELS – The European Commission is working to speed up the availability of alternative energy supplies to try to cut the cost of banning Russian oil and …

  • Financial News

    Inflation outlook may cloud resilient European earnings updates

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Joice Alves and Danilo Masoni LONDON – European companies are forecast to have coped with record inflation in the first quarter, but the big question for investors during the …

  • Financial News

    Pakistan to cut expenditures, development funds to revive IMF programme

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Asif Shahzad ISLAMABAD -Pakistan will need to cut expenditures and development funds to try and revive an International Monetary Fund (IMF) programme, Finance Minister Miftah Ismail said on Wednesday. …

  • Financial News

    IMF says governments must protect the vulnerable ‘when things fall apart’, avert unrest

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Andrea Shalal WASHINGTON – Governments must target fiscal support to vulnerable populations hit hardest by rising energy and food prices, and now facing growing food insecurity as a result …

  • Financial News

    U.S. mortgage interest rates reach a 12 year high, demand falters

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) – The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that …

  • Financial News

    All large euro zone banks can withstand Russian write-off, ECB says

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    FRANKFURT – All large euro zone banks can withstand a full write-off of their Russian exposure and still respect their capital requirements, the European Central Bank’s top supervisor Andrea Enria …

  • Financial News

    Anthem raises earnings forecast after lower medical costs drive profit beat

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) -Health insurer Anthem Inc raised its forecast for full-year adjusted earnings on Wednesday, as lower-than-expected medical costs due to the waning impact of the pandemic helped it beat Wall …

  • Financial News

    European Commission analysing higher 45% renewable energy target for 2030

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Kate Abnett BRUSSELS -The European Commission is assessing whether the European Union could achieve a higher target of a 45% share of renewable energy by 2030, instead of its …

  • Financial News

    Cathay to launch major corporate sustainable aviation fuel programme

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on Wednesday it would work with corporate customers to launch a major corporate sustainable aviation fuel (SAF) programme in Asia, as …

  • Financial News

    America’s mask manufacturers take it on the chin

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    By Timothy Aeppel (Reuters) – A U.S. judge’s ruling this week that the Biden administration’s mask mandate for public transportation was unlawful dealt another blow to an industry that built …

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