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  • Department of Justice Press Releases

    Fentanyl Trafficker Pleads Guilty to Federal Distribution Charge for 30,000 ‘Pressed Pills’

    by DOJ Press March 31, 2022
    by DOJ Press March 31, 2022

    ABINGDON, Va. – A Smyth County man, who ordered approximately 30,000 fentanyl pills from California and sold them in Southwest Virginia, pleaded guilty yesterday in U.S. District Court. Zachary Ryan …

  • Financial News

    EV startup Faraday Future gets SEC subpoena on inaccurate statements

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    (Reuters) -The U.S. Securities and Exchange Commission has subpoenaed some members of Faraday Future Intelligent Electric Inc’s management team as part of a probe into inaccurate statements made to its …

  • Financial News

    Russia’s Yandex winds down e-grocery in Paris, hints at London exit

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    (Reuters) – Russian internet giant Yandex is gradually winding down the Paris operations of its e-grocery service Yango Deli, a spokesperson said on Thursday, citing poor performance and hinting that …

  • Financial News

    Global fund managers turned more defensive in March- Reuters poll

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Tushar Goenka BENGALURU – Global fund managers maintained a cautious stance in March, increasing recommended bond holdings and cash reserves and suggesting reduced equities exposure, a Reuters poll found. …

  • Financial News

    Russia to ban sunflower seed exports, impose quota on sunoil

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    (Reuters) – Russia will ban exports of sunflower seeds from Friday until the end of August and impose an export quota on sunflower oil to avoid shortages and ease pressure …

  • Financial News

    Spain’s 2021 budget gap narrows more than expected, further cut seen

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    MADRID – Spain’s budget deficit narrowed to 6.76% of gross domestic product last year from over 10% in 2020, beating forecasts from international organisations and the government, which expects a …

  • Financial News

    Euro zone growth barely positive in first half: ECB’s de Guindos

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    FRANKFURT – Euro zone growth will remain positive this year but the first half will be especially weak with barely any positive growth, European Central Bank Vice President Luis de …

  • Financial News

    BHP prepares for fresh battle against $6.6 billion Brazil dam lawsuit

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Kirstin Ridley LONDON – Anglo-Australian mining giant BHP is preparing to battle a resurrected 5 billion pound ($6.6 billion) lawsuit in London’s Court of Appeal next week, launched by …

  • Financial News

    Global energy crunch stirs hope of oil reboot in Peru’s Amazon

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Marcelo Rochabrun NUEVO ANDOAS, Peru – Peru’s government wants to ramp up oil production in some of its dormant Amazonian fields as global crude prices soar on supply fears …

  • Financial News

    OPEC+ says prolonged Ukraine conflict would be major blow to global economy

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    LONDON – OPEC+ has warned the global economy would see a major blow from a prolonged conflict in Ukraine, the oil producing group said in an internal report, seen by …

  • Financial News

    Ryanair sees annual loss near the middle of forecast range

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    BRUSSELS – Ryanair expects its loss for the just-ending financial year at around the middle of its forecasted range and is well placed for next year depending on traffic recovery …

  • Financial News

    Oil above $100/barrel to stay as market struggles to replace Russian barrels: Reuters poll

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Seher Dareen (Reuters) – A rally in oil is set to continue with prices staying well above $100 this year as a parched market struggles to wean itself off …

  • Financial News

    Euro zone inflation surge intensifies ECB policy dilemma

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Balazs Koranyi FRANKFURT -Inflation continued to surge across Europe’s biggest economies this month while growth took a hit, leaving households poorer as they picked up the bill for soaring …

  • Financial News

    Russia paid coupons on seven OFZ bond issues -finance ministry

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    (Reuters) -Russia’s finance ministry has paid 50.2 billion roubles ($616 million) in coupons on seven OFZ treasury bond issues, data on its website showed. The payments come as the finance …

  • Financial News

    Tesla extends Shanghai plant suspension amid lockdown -internal notice

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    SHANGHAI -Tesla has cancelled plans to resume production at its Shanghai factory on Friday and Saturday, an internal notice seen by Reuters showed, further delaying reopening of the manufacturing hub …

  • Financial News

    China-U.S. audit dispute outcome depends on wisdom of both parties – CSRC

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Jason Xue and Xie Yu SHANGHAI/Hong Kong – China’s securities regulator said on Thursday both China and the United States have a willingness to solve their audit disputes, and …

  • Financial News

    Bank of Japan offers to boost April-June bond buying in yield cap defence

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Leika Kihara and Junko Fujita TOKYO – Japan’s central bank on Thursday pledged to ramp up scheduled bond purchases in the second quarter, signalling it will continue to aggressively …

  • Financial News

    Hong Kong retail sales fall 14.6% in Feb, snapping 12 months of growth

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    HONG KONG – Hong Kong’s retail sales fell in February after 12 straight months of growth as a wave or COVID-19 infections hit the city and anti-epidemic measures weakened consumer …

  • Financial News

    Stellantis’ Russian van plant running short on parts

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Giulio Piovaccari TURIN -A Stellantis van plant in Russia will have to close shortly as it is running out of parts, the company’s chief executive Carlos Tavares said on …

  • Financial News

    Thai March economic activity pressured by rising inflation, infections

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    BANGKOK – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the …

  • Financial News

    Giga-casting and robots: How Volkswagen’s Trinity aims to catch up with Tesla

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Victoria Waldersee, Jan Schwartz and Nadine Schimroszik BERLIN – As Tesla kicks off production at its new German plant this month, Volkswagen is weeks away from finalising plans for …

  • Financial News

    EU regulators look to streamline antitrust rules

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Foo Yun Chee BRUSSELS – Regulators are looking to update rules, which target companies abusing their market power and those setting up illegal cartels, to make them more efficient, …

  • Financial News

    New company sustainability standards body drafts first guidelines

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    By Huw Jones LONDON – A new global standard setter for company sustainability reporting set out its first draft guidelines on Thursday, entering a crowded field as trillions of dollars …

  • Financial News

    Russian oil refiners signal deeper cuts to refinery runs amid overstocking

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    (Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp …

  • Financial News

    Moody’s withdraws all credit ratings on Russian entities

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    (Reuters) – Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities. The company said it had decided to withdraw the ratings for …

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