By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according …
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BlackRock expects 75% of company and govt assets to be net zero-aligned by 2030
by Reutersby ReutersBy Simon Jessop LONDON – BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a …
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Reducing inequality, hiking minimum wage could boost U.S. economy -White House
by Reutersby ReutersBy Andrea Shalal WASHINGTON – Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S. economic growth, a new report …
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Hermes upbeat on China as strong U.S., European demand buoys sales
by Reutersby ReutersBy Mimosa Spencer PARIS -Sales at Birkin bag maker Hermes beat estimates in the first quarter, lifted by strong appetite for its luxury accessories, particularly in the United States and …
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Lebanese central banker says ready to answer Swiss questions in probe
by Reutersby ReutersZURICH – Lebanese central bank chief Riad Salameh is ready to meet Swiss prosecutors in person to answer questions about their money-laundering investigation, he said in a television interview. Salameh …
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High raw material prices having a “big” impact, Panasonic CEO says
by Reutersby ReutersTOKYO – Rising prices for raw materials, including nickel and copper, accelerated by Russia’s invasion of Ukraine were having a “big” impact on Panasonic Corp, with the Japanese industrial giant …
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Analysts see price of “gargantuan” buyout offer for Atlantia as fair
by Reutersby ReutersMILAN -Shares in Atlantia rose more than 5% on Thursday after Italy’s Benetton family and U.S. investment fund Blackstone tabled their offer to buy out investors in the airport and …
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Toyota aims to rev up 67-year-old Crown with SUV model, sources say
by Reutersby ReutersBy Maki Shiraki TOKYO -Toyota Motor Corp plans to launch a sport utility vehicle version of its Crown sedan for Japan, China and North America, three people said, revamping a …
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Austrian leader says Putin told him gas payments in euros can continue
by Reutersby ReutersBy Francois Murphy VIENNA – Russian President Vladimir Putin told Chancellor Karl Nehammer during their meeting this week that Austria’s supply of gas can continue to be paid for in …
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China’s GDP growth seen slowing to 5.0% in 2022 on COVID hit – Reuters poll
by Reutersby ReutersBy Kevin Yao BEIJING – China’s economic growth is likely to slow to 5.0% in 2022 amid renewed COVID-19 outbreaks and a weakening global recovery, a Reuters poll showed, raising …
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Veteran BOJ watcher predicts hawkish tweak to central bank’s guidance
by Reutersby ReutersTOKYO – The Bank of Japan (BOJ) will give a slightly hawkish tilt to its guidance on the future path of monetary policy by phasing out a pledge to ramp …
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Australia’s Rio Tinto exits state mining lobby amid climate rift
by Reutersby Reuters(Reuters) – Rio Tinto, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion …
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China securities regulator orders Legend Holdings to fix information disclosures
by Reutersby ReutersSHANGHAI/BEIJING – China’s securities regulator on Thursday ordered Legend Holdings Corp to rectify information disclosure issues. The China Securities Regulatory Commission (CSRC) said in a statement that a regular on-site …
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China commerce ministry says it hopes U.S. will remove tariffs on chinese goods as soon as possible
by Reutersby ReutersBEIJING – China’s commerce ministry hopes the United States will remove tariffs on Chinese goods and stop cracking down on Chinese firms as soon as possible, ministry spokersperson Shu Jueting …
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Ericsson warns likely to be fined over Iraq scandal, reports profit slump
by Reutersby ReutersBy Supantha Mukherjee STOCKHOLM – Swedish telecom provider Ericsson said on Thursday it would likely be fined by U.S. regulators for its handling of a bribery investigation in Iraq and …
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Singapore, Korea lead Asia’s central bank battle against inflation
by Reutersby ReutersBy Cynthia Kim and Aradhana Aravindan SEOUL/SINGAPORE – Singapore and South Korea both tightened monetary policy on Thursday, hot on the heels of rate hikes in Canada and New Zealand, …
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China set to loosen credit but economic woes may be too deep for quick turnaround
by Reutersby ReutersBy Ryan Woo BEIJING -China’s explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing, but economists …
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(Reuters) -Dunelm said on Thursday its total sales jumped in the third quarter, as the British homeware retailer benefited from the reopening of stores after coronavirus curbs were eased. The …
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A look at the day ahead in markets from Sujata Rao After a hectic period, traders (and reporters) will be looking forward to the long Easter weekend but they must …
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Japan’s ruling party seeks jet fuel subsidies in govt relief package
by Reutersby ReutersBy Kaori Kaneko and Takaya Yamaguchi TOKYO -Japan’s ruling Liberal Democratic Party (LDP) on Thursday urged the government to introduce jet fuel subsidies and launch a tourism campaign as part …
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China seen holding medium-term rate steady Friday, RRR cut seen more likely- Reuters poll
by Reutersby ReutersSHANGHAI/BEIJING – China’s central bank is set to step up monetary easing efforts, but a vast majority of market participants in a Reuters poll conducted on Thursday believe the central …
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China’s anti-corruption watchdog involved in probe of Jack Ma’s Ant – Bloomberg News
by Reutersby Reuters(Reuters) – The Chinese Communist Party’s anti-corruption watchdog was among the agencies involved in a recent inquiry into links between billionaire Jack Ma’s Ant Group and state-owned Chinese companies, Bloomberg …
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(Reuters) – Publicis, the world’s third-biggest advertising group, beat market expectations of organic growth in the first quarter but stuck to its full-year outlook on Thursday, hindered by economic uncertainties. …
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Tencent to block Chinese gamers’ access to foreign, unapproved games
by Reutersby ReutersBy Josh Ye HONG KONG – Tencent Holdings Ltd said it will shut down a service that allowed Chinese gamers to access overseas platforms to play unapproved foreign games, in …
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BOJ’s Wakatabe says Japan no longer suffering from sustained price falls
by Reutersby ReutersTOKYO – Japan has yet to emerge completely from deflation but is no longer suffering from a sustained period of price falls, Bank of Japan Deputy Governor Masazumi Wakatabe said …