SINGAPORE – The Chinese capital Beijing will largely wean itself off coal by 2035, when its total energy use is expected to peak at the equivalent of 90 million tonnes …
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(Fixes to say the inflow amount is in U.S. dollars in the sixth para) (Reuters) -Global bond funds drew their first weekly inflow in about three months in the week …
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(Reuters) – AerCap Holdings NV will provide 12 new Airbus aircraft to Italian state-owned carrier ITA Airways starting next year, the world’s top aircraft lessor said on Friday. AerCap, which …
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(Reuters) – The European Union’s trade deficit with China grew by over a third last year, the bloc’s statistics office said on Friday, as it took in soaring imports from …
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By Kirsty Needham SYDNEY – Australia will sign a trade agreement with India on Saturday that will eliminate tariffs on 85% of Australian goods entering India, helping farmers and miners …
- Financial News
Cuba authorizes import of outboard motors, gives fishermen a boost
by Reutersby ReutersBy Dave Sherwood COJIMAR, Cuba – Since the days of Ernest Hemingway’s “The Old Man and the Sea”, whose main character toiled with oars to catch a marlin, few Cubans …
- Financial News
KKR, EQT among investors eyeing stake in Germany’s Stratec -sources
by Reutersby ReutersBy Emma-Victoria Farr LONDON – Financial investors including KKR and EQT are considering offers for a stake in listed German laboratory supplier Stratec, sources familiar with the matter told Reuters …
- Financial News
Swedish govt sees economy slowing this year amid high inflation
by Reutersby ReutersSTOCKHOLM – Sweden’s economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said in a pre-budget forecast on …
- Financial News
Ghana approves tax on electronic payments despite opposition protest
by Reutersby ReutersBy Cooper Inveen ACCRA -Ghana’s parliament approved a new 1.5% tax on electronic payments, known as the “e-levy,” on Tuesday after the opposition walked out in protest. Finance Minister Ken …
- Financial News
ECB needs time to analyse fallout from ‘very high’ inflation: Lane
by Reutersby ReutersFRANKFURT – Euro zone inflation is “very high” but the European Central Bank needs time to assess the net impact of higher energy prices on workers’ wage demands and costs …
- Financial News
Trading in over 30 Hong Kong-listed firms halted on results delay
by Reutersby ReutersBy Donny Kwok and Alun John HONG KONG – The Hong Kong stock exchange suspended from trade on Friday the shares of Chinese developers such as Sunac China, Shimao Group …
- Financial News
The chip challenge: Keeping Western semiconductors out of Russian weapons
by Reutersby ReutersBy Jane Lanhee Lee OAKLAND, Calif. – When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set …
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By Diana Mandia and Federica Mileo (Reuters) -French catering and food services company Sodexo lowered its annual revenue growth outlook on Friday citing the pandemic, the Ukraine conflict and the …
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By Jesús Aguado MADRID – Spain’s Santander on Friday said it was on track to meet its 2022 profitability target and maintained its mid-term goals thanks to solid performance in …
- Financial News
Ukraine asks EU, British, Japanese and U.S. central banks to ban rouble transactions
by Reutersby Reuters(Reuters) – The governor of Ukraine’s central bank urged the central banks of the European Union, the United States, Japan and Britain to ban transactions in the Russian or Belarusian …
- Financial News
Europe’s appetite for U.S. gas fast-tracks two new LNG projects
by Reutersby ReutersBy Marcy de Luna HOUSTON – Two U.S. liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives …
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By Sophie Yu and Brenda Goh SHANGHAI/BEIJING – Chinese exports to Russia have been buffeted as the rouble swings in value, clear evidence of a ripple effect that Western sanctions …
- Financial News
Massive S&P options trade may have roiled U.S. stocks on Thursday
by Reutersby ReutersBy Saqib Iqbal Ahmed NEW YORK -Traders are pointing to a massive quarterly options trade on Thursday they said was from a JPMorgan fund as one reason why the stock …
- Financial News
Europe can learn lessons from 1970s oil shock as rationing looms
by Reutersby ReutersBy Francesco Canepa FRANKFURT – With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of …
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MILAN – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which …
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By Ann Wang YUNLIN, Taiwan – A group of Taiwanese puppeteers are looking to use non-fungible tokens, or NFTs, to help bring their traditional art form into the modern era …
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By Tommy Wilkes LONDON – The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch …
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LONDON – British manufacturing expanded in March at the weakest pace in 13 months and price pressures, which had previously shown some signs of moderating, worsened, a survey showed on …
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(Reuters) -Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period. The bank said the measures, which raise an earlier …
- Financial News
Global factory activity slows as Ukraine crisis, inflation bite
by Reutersby ReutersBy Jonathan Cable and Leika Kihara LONDON/TOKYO – Global factory activity slowed in March as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, while soaring …