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  • Financial News

    U.S. oil drilling, output moving higher with energy prices

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    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 …

  • Financial News

    BlackRock expects 75% of company and govt assets to be net zero-aligned by 2030

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    Reducing inequality, hiking minimum wage could boost U.S. economy -White House

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    Hermes upbeat on China as strong U.S., European demand buoys sales

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    Lebanese central banker says ready to answer Swiss questions in probe

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    ZURICH – 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 …

  • Financial News

    High raw material prices having a “big” impact, Panasonic CEO says

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    TOKYO – 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 …

  • Financial News

    Analysts see price of “gargantuan” buyout offer for Atlantia as fair

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    MILAN -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 …

  • Financial News

    Toyota aims to rev up 67-year-old Crown with SUV model, sources say

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    Austrian leader says Putin told him gas payments in euros can continue

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    China’s GDP growth seen slowing to 5.0% in 2022 on COVID hit – Reuters poll

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    Veteran BOJ watcher predicts hawkish tweak to central bank’s guidance

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    TOKYO – 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 …

  • Financial News

    Australia’s Rio Tinto exits state mining lobby amid climate rift

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    (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 …

  • Financial News

    China securities regulator orders Legend Holdings to fix information disclosures

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    SHANGHAI/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 …

  • Financial News

    China commerce ministry says it hopes U.S. will remove tariffs on chinese goods as soon as possible

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    BEIJING – 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 …

  • Financial News

    Ericsson warns likely to be fined over Iraq scandal, reports profit slump

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    Singapore, Korea lead Asia’s central bank battle against inflation

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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, …

  • Financial News

    China set to loosen credit but economic woes may be too deep for quick turnaround

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    UK retailer Dunelm’s quarterly sales surge as stores reopen

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    (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 …

  • Financial News

    Marketmind: Central banks flying into storm clouds

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    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 …

  • Financial News

    Japan’s ruling party seeks jet fuel subsidies in govt relief package

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    China seen holding medium-term rate steady Friday, RRR cut seen more likely- Reuters poll

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    SHANGHAI/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 …

  • Financial News

    China’s anti-corruption watchdog involved in probe of Jack Ma’s Ant – Bloomberg News

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    (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 …

  • Financial News

    Publicis prepares for foggy year after organic growth beat

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    (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. …

  • Financial News

    Tencent to block Chinese gamers’ access to foreign, unapproved games

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    By 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 …

  • Financial News

    BOJ’s Wakatabe says Japan no longer suffering from sustained price falls

    by Reuters April 14, 2022
    by Reuters April 14, 2022

    TOKYO – 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 …

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