(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 …
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Russia tweaks tax code to make it easier for foreign firms to pay in roubles
by Reutersby Reuters(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 …
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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 …
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Russia’s Rosneft seeks roubles up front in oil tenders – sources
by Reutersby ReutersBy 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 …
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(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 …
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IMF’s Georgieva says China should stimulate consumption as lockdowns mount
by Reutersby ReutersWASHINGTON – 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 …
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Yellen tells Indonesian finance minister: ‘No business-as-usual’ for Russia
by Reutersby ReutersWASHINGTON – 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 …
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(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 …
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U.S. has permitted more wind and solar under Biden, but needs to do more -report to Congress
by Reutersby Reuters(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 …
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Crypto exchange Coinbase launches NFT marketplace for some U.S. users
by Reutersby ReutersBy 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 …
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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 …
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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 …
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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 …
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Takeaway in talks with potential buyers for Grubhub, says CEO Groen
by Reutersby ReutersAMSTERDAM – 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. …
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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 …
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EU works to cut cost of Russia oil ban to win over sceptics – source
by Reutersby ReutersBy 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 …
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Inflation outlook may cloud resilient European earnings updates
by Reutersby ReutersBy 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 …
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Pakistan to cut expenditures, development funds to revive IMF programme
by Reutersby ReutersBy 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. …
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IMF says governments must protect the vulnerable ‘when things fall apart’, avert unrest
by Reutersby ReutersBy 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 …
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U.S. mortgage interest rates reach a 12 year high, demand falters
by Reutersby Reuters(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 …
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All large euro zone banks can withstand Russian write-off, ECB says
by Reutersby ReutersFRANKFURT – 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 …
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Anthem raises earnings forecast after lower medical costs drive profit beat
by Reutersby Reuters(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 …
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European Commission analysing higher 45% renewable energy target for 2030
by Reutersby ReutersBy 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 …
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Cathay to launch major corporate sustainable aviation fuel programme
by Reutersby Reuters(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 …
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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 …