ZURICH – Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be …
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PARIS – Carrefour, Europe’s largest food retailer, is joining forces with venture capital firm Daphni to invest in digital retail startups as part of a global plan to step up …
- Financial News
Peru targets copper price windfall in dialed-back tax reform, minister says
by Reutersby ReutersBy Marco Aquino LIMA -Peru, the world’s no. 2 copper producer, will target “excess profits” that mining firms have gained from soaring global metals prices for extra taxation, the country’s …
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(Reuters) – ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans …
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STOCKHOLM – Volvo Cars said on Monday car sales in March fell 22% to 58,677 cars as the automaker faced shortages of a specific semiconductor. Volvo, majority owned by China’s …
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LONDON – U.S. two-year Treasury yields climbed to their highest level since early 2019 on Monday, continuing to push higher on expectations that the Federal Reserve will deliver bigger rate …
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BERLIN – German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, as the effects of the war in Ukraine have yet to …
- Financial News
Column-Funds get steamrollered on steeper U.S. yield curve bets. Again: McGeever
by Reutersby ReutersBy Jamie McGeever ORLANDO, Fla. – It will probably come good one day, but hedge funds’ latest attempt to position for a steeper U.S. yield curve has once again backfired …
- Financial News
Delivery Hero launches 1.4-billion-euro debt financing syndication
by Reutersby ReutersBERLIN – Delivery Hero said on Monday it had launched a debt financing syndication equal to 1.4 billion euros ($1.55 billion) with proceeds to be used to bolster its liquidity …
- Financial News
Novartis to save at least $1 billion by 2024 thanks to simplified structure
by Reutersby ReutersZURICH -Novartis said on Monday it was integrating its pharmaceuticals and oncology units into an innovative medicines (IM) business to simplify its structure, targeting savings of at least $1 billion …
- Financial News
Singapore expected to tighten monetary policy – but by how much?
by Reutersby Reuters(Corrects and clarifies Bank of America forecast.) By Chen Lin and Aradhana Aravindan SINGAPORE -Singapore’s central bank is likely to tighten its policy settings at its review this month, the …
- Financial News
Gold slips as dollar, yields strengthen on robust U.S. jobs data
by Reutersby ReutersBy Asha Sistla (Reuters) – Gold prices fell on Monday as the dollar and Treasury yields firmed after a solid U.S. payrolls report raised expectations of aggressive rate hikes, although …
- Financial News
Digicel says PNG tax could impact Australian buyout of Pacific mobile networks
by Reutersby ReutersBy Kirsty Needham SYDNEY -Digicel Group said it is considering legal options after Papua New Guinea (PNG) imposed a tax of almost $100 million that the telco said could affect …
- Financial News
India’s factory activity slowed in March, optimism at two-year low – PMI
by Reutersby ReutersBy Indradip Ghosh BENGALURU – India’s factory activity expanded at a slower pace in March as rising prices meant new orders and output grew at their weakest rate since September, …
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By Nick Carey and Barbara Lewis WASHINGTON, England – An electric car is a clean car, right? If only it were so simple. From motor magnets with toxic histories to …
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By Yoruk Bahceli (Reuters) -Companies raced to bond markets last month, undeterred by the Ukraine war as they tried to lock in relatively cheap borrowing, though the March rush did …
- Financial News
Nearly half of crypto owners first bought digital assets in 2021 -survey
by Reutersby ReutersBy Hannah Lang (Reuters) – Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, …
- Financial News
Citi names M&A specialists to lead Australia, New Zealand advisory unit
by Reutersby Reuters(Reuters) – Citigroup Inc on Monday named Tony Osmond as chair of its Banking, Capital Markets and Advisory (BCMA) unit in Australia and New Zealand, and Alex Cartel to be …
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By Nina Chestney LONDON -Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges “unfriendly” unless …
- Financial News
BOJ to keep rates low as strong, not weak, yen still Kuroda’s enemy No. 1
by Reutersby ReutersBy Leika Kihara TOKYO -Haruhiko Kuroda built a career battling a strong yen and the Bank of Japan governor is unlikely to change course in his final year at the …
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By Sudarshan Varadhan NEW DELHI -India’s southern Andhra Pradesh has cancelled bids made for two separate tenders by India’s Adani Enterprises to supply imported coal as the prices quoted were …
- Financial News
Canada to support GM multi-billion-dollar investments in two plants – source
by Reutersby ReutersBy Steve Scherer OTTAWA -Canada on Monday will announce its support for General Motors Co’s multi-billion-dollar investment in two plants, including one that will produce electric commercial vehicles (EVs), a …
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By Stephanie Kelly NEW YORK -Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that …
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(Reuters) – The union that Amazon.com Inc workers recently voted to represent them has demanded the company start bargaining in early May and cease any changes to employment terms at …
- Financial News
Slovak minister says paying in roubles could be an option as country needs gas
by Reutersby ReutersPRAGUE – The economy minister of Slovakia, which relies on Russian gas for around 85% of its demand, said the country could not be cut off from Russian gas flows …