By Gus Trompiz PARIS -World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and …
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- Financial News
Global sustainable bond issuance takes Q1 hit on Ukraine crisis
by Reutersby ReutersBy Patturaja Murugaboopathy (Reuters) – Global sustainable bond issuance slowed faster than the broader market in the first quarter, hit by a surge in market volatility after Russia invaded Ukraine …
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By Ron Bousso LONDON – Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted …
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By Sheila Dang (Reuters) -News of Tesla Chief Executive Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media firm’s …
- Financial News
Chile inflation surges to 1.9% in March, highest level since 1993
by Reutersby ReutersBy Fabian Cambero SANTIAGO – Chile’s consumer prices rocketed 1.9% in March, the highest monthly rise in almost thirty years, underscoring the challenge for authorities as they battle spiraling inflation …
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BERLIN – Germany’s flag carrier Lufthansa said on Friday it had signed a revolving credit facility of 2.0 billion euros ($2.17 billion) with a syndicate of international relationship banks to …
- Financial News
Afreximbank sets up $4 billion trade fund to cushion against Ukraine-related shocks
by Reutersby ReutersNAIROBI – Afreximbank said on Wednesday it had set up a $4 billion trade finance programme to cushion economies and businesses on the continent against shocks arising from the war …
- Financial News
Canada gains 72,500 jobs in March, jobless rate falls to record low of 5.3%
by Reutersby ReutersTORONTO – Canada’s economy gained a net 72,500 jobs in March, entirely in full-time work, Statistics Canada said on Friday. The jobless rate fell to a record low of 5.3%. …
- Financial News
Shell in race for $1.1 billion Spanish green energy projects, sources say
by Reutersby ReutersBy Isla Binnie and Andres Gonzalez MADRID – Oil major Shell and utilities Naturgy and Verbund are preparing binding bids to buy renewable energy assets in Spain valued at about …
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By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – The euro area economy is one of the most vulnerable to the fallout from Russia’s invasion of Ukraine, yet the message coming …
- Financial News
Brazil’s inflation tops forecasts with sharpest rise for March in 28 years
by Reutersby ReutersBy Marcela Ayres BRASILIA – Brazil’s inflation came above expectations with the sharpest rise for March in 28 years, official figures showed on Friday, as higher fuel prices weighed on …
- Financial News
China will step up policy support for the economy – state media
by Reutersby ReutersBEIJING – China will step up policy measures in timely way to support the economy while studying new stimulus plans, state media on Friday quoted Premier Li Keqiang as saying. …
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(Reuters) – U.S. investors remained net sellers of bond funds in the week to April 6 on rising prospects of rapid reductions to the Federal Reserve’s balance sheet alongside steady …
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By Kate Abnett BRUSSELS – The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance …
- Financial News
Mercedes-Benz accelerates in-house software push with new tech centre
by Reutersby ReutersBERLIN – Mercedes-Benz opened a new 200 million euro ($217 million) software centre in Sindelfingen on Friday, its latest investment in boosting in-house software capabilities as it works to bring …
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FRANKFURT – A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the cost, German coal importers’ …
- Financial News
Caixabank has sufficient provisions to withstand current uncertainty, CEO says
by Reutersby ReutersBy Jesús Aguado MADRID – Spain’s Caixabank has adequate provisions to face potential future losses given the current market uncertainty, the bank’s Chief Executive Officer Gonzalo Gortazar said on Friday. …
- Financial News
India cbank holds rates but starts to rein in loose policy as inflation risks rise
by Reutersby ReutersBy Swati Bhat and Aftab Ahmed MUMBAI -The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy even as it kept …
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(Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted …
- Financial News
Russian central bank cuts key rate to 17%, signals further easing
by Reutersby Reuters(Reuters) -The Russian central bank sharply cut its key rate to 17% on Friday and said future cuts were possible, as emergency steps had contained the risk to financial stability, …
- Financial News
Japan finance panel warns on higher rates pushing up borrowing costs
by Reutersby ReutersTOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to …
- Department of Justice Press Releases
Syracuse Man Sentenced to 366 Days for Assaulting a U.S. Postal Employee
by DOJ Pressby DOJ PressSYRACUSE, NEW YORK – Javon Mayo, 30, of Syracuse, New York, was sentenced yesterday to a 366-day term of imprisonment for assaulting a United States Postal Service letter carrier, announced …
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By David Henry NEW YORK – Big U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong …
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LONDON – The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists …
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By Phuong Nguyen HAIPHONG -Vietnamese automaker VinFast said on Thursday its Singapore-based holding company had filed for an initial public offering (IPO) with U.S. securities regulators, as it plans spending …