By Jonathan Stempel NEW YORK – Elon Musk on Tuesday likened himself to the rapper Eminem in seeking to throw out his 2018 agreement with the top U.S. securities regulator …
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- Financial News
French sportswear retailer Decathlon suspends activities in Russia
by Reutersby ReutersBy Dominique Vidalon PARIS -Decathlon, the sportswear arm of a French retail empire facing criticism for staying in Russia since its invasion of Ukraine, said on Tuesday it was now …
- Financial News
APRIL Group invests $2.3 billion in paperboard factory in Indonesia’s Sumatra
by Reutersby ReutersJAKARTA – Pulp and paper maker Asia Pacific Resources International Ltd (APRIL Group) on Tuesday began construction on a 33.4 trillion rupiah ($2.33 billion) paperboard production facility on Indonesia’s Sumatra …
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BRASILIA -Brazil created a net 328,507 formal jobs in February, Labor Ministry figures showed on Tuesday, well above market expectations, amid positive data in all sectors and a substantial contribution …
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By Leigh Thomas and Zuzanna Szymanska PARIS -France and Germany saw bigger than expected drops in consumer confidence this month as rising inflation and concern about the impact of Russia’s …
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PARIS – French provider of edible insects for animal and human feed Ynsect said on Tuesday it had purchased U.S. mealworm producer Jord Producers, expanding its footprint in the booming …
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FRANKFURT – The European Central Bank should raise its key interest rate to zero by year-end or it will risk having to raise it even more abruptly next year to …
- Financial News
Exclusive-Tesla supplier Aptiv stops some production in Shanghai over COVID issues – sources
by Reutersby ReutersSHANGHAI – Auto parts maker Aptiv on Tuesday sent home workers at a Shanghai production facility that supplies Tesla and a General Motors (GM) joint venture, citing COVID issues, sources …
- Financial News
Analysis-Colombia presidential candidate Petro’s oil, pension proposals give investors pause
by Reutersby ReutersBy Nelson Bocanegra BOGOTA – Leftist Colombia presidential candidate Gustavo Petro’s promises to halt new oil projects and redistribute pension funds could put the country’s economic stability at risk, investors …
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In China’s Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown
by Reutersby ReutersSHANGHAI – More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai’s Lujiazui district as they bid to keep China’s giant financial hub ticking …
- Financial News
UnitedHealth to buy LHC Group for $5.4 billion in home healthcare push
by Reutersby Reuters(Reuters) -UnitedHealth Group said on Tuesday it would buy LHC Group for about $5.4 billion in cash, as the largest U.S. health insurer expands its home health services. The deal …
- Financial News
Japan to ban Russia-bound exports of gold, may adopt more sanctions
by Reutersby ReutersBy Tetsushi Kajimoto and Daniel Leussink TOKYO -Japan will ban the shipment to Russia of precious metals, especially gold, in response to its invasion of Ukraine, the Ministry of Finance …
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Czech central bank seen raising rates to highest since 2001: Reuters poll
by Reutersby ReutersPRAGUE – The Czech National Bank is set to raise its main rate by 50 basis points to 5.00% on March 31, a Reuters poll showed on Tuesday, which would …
- Financial News
China regulator denies rumours about probes on Xiaomi-invested firms
by Reutersby ReutersSHANGHAI/BEIJING – China’s securities watchdog denied market rumours on Tuesday that Chinese regulators had launched probes on companies in Xiaomi Corp’s industrial chain or restricted such firms’ listing plans. The …
- Department of Justice Press Releases
Berkeley County woman sentenced for drug charges
by DOJ Pressby DOJ PressMARTINSBURG, WEST VIRGINIA – Kristina Gilmore, of Martinsburg, West Virginia, was sentenced today to four years of probation for drug charges, United States Attorney William Ihlenfeld announced. Gilmore, also known …
- Department of Justice Press Releases
Warren Man Sentenced to 10 years in Federal Prison for Coercion and Enticement of a Minor
by DOJ Pressby DOJ PressDETROIT, MI – Marvin Booker, 30, of Warren, MI, was sentenced in federal court for coercion and enticement of a minor, United States Attorney Dawn N. Ison announced today. Booker …
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By Yousef Saba DUBAI – Dubai’s Emirates expects to significantly reduce losses in the current financial year and return to profit next year, the airline’s president indicated on Tuesday. “We …
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By Aftab Ahmed and Krishna N. Das NEW DELHI – Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, finding time to visit to …
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By Maha El Dahan, Riham Alkousaa and Yousef Saba DUBAI – The energy ministers of Saudia Arabia and the United Arab Emirates, key members of OPEC+, said on Tuesday the …
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By Selena Li HONG KONG – A supervisory body of Hong Kong’s central bank has decided to replace a unit of State Street Corp as manager of the territory’s largest …
- Financial News
Exclusive-Italy to stick to 5.6% deficit target despite slashing growth outlook – sources
by Reutersby ReutersBy Giuseppe Fonte and Gavin Jones ROME – Italy plans to confirm its 2022 budget deficit target at 5.6% of national output, two sources close to the matter told Reuters, …
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Factbox-What are Europe’s options in case of Russian gas disruption?
by Reutersby ReutersBy Nina Chestney (Reuters) – European gas prices have risen further amid concerns about supply as Russia and the West remain at odds over Moscow’s demand for gas payments to …
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(Corrects headline to clarify LME board will evaluate what lessons can be learned, not that it will learn lessons, from the trading halt. Adds additional CEO quote) By Alun John …
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Barclays shares fall after top investor offloads $1.2 billion stake
by Reutersby ReutersBy Iain Withers and Lucy Raitano LONDON -Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion …
- Financial News
China Fangda Group aims to take over state-owned Anyang Iron & Steel Group
by Reutersby ReutersBEIJING – A unit of privately-owned Chinese firm Liaoning Fangda Group has offered to buy an 80% stake in state-backed Anyang Iron & Steel Group, the listed arm of Anyang …