TOKYO – Global demand for nickel used in batteries is expected to rise more than 20% this year on solid demand for electric vehicles (EVs), Japan’s biggest smelter of the …
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Exclusive-ECB ready to set up money exchange for Ukrainian refugees with EU guarantee
by Reutersby ReutersBy Jan Strupczewski BRUSSELS – The European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros if the EU …
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Avolon says bruised jet lessors in no hurry to return to Russia
by Reutersby Reuters(Adds dropped word, paragraph 5) By Tim Hepher PARIS – Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s …
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Antofagasta expects high copper prices for next 12 months, CEO says
by Reutersby ReutersBy Fabian Cambero SANTIAGO – The copper market has solid fundamentals despite current market volatility and will maintain high prices for at least the next 12 months, Ivan Arriagada, CEO …
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BERLIN -Top Volkswagen shareholder Porsche SE supports plans to list luxury sportscar maker Porsche AG but the conflict in Ukraine could affect the timing of the proposed IPO, the holding …
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Irn-Bru maker won’t rule out more price hikes as inflation bites
by Reutersby ReutersBy Sinchita Mitra (Reuters) – The maker of Scottish soft drink Irn-Bru will keep prices unchanged for the next six months but won’t rule out future price hikes given Britain’s …
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Russia-Ukraine conflict to have huge impact on global steel demand -Japan steel group
by Reutersby ReutersTOKYO -The conflict between Russia and Ukraine, which are exporters of steel products, will have a huge impact on global steel demand and trade if it lasts for a long …
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ZURICH – Holcim is exiting the Russian market, the world’s biggest cement-maker said on Tuesday, the latest western company to quit the country following Moscow’s invasion of Ukraine. “The Holcim …
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ArcelorMittal idles three plants in Spain after truckers strike disrupts supplies
by Reutersby ReutersMADRID – Steel giant ArcelorMittal said on Tuesday it had idled three steel mills in Spain and partly closed two others after a two-week truckers strike disrupted supplies of scrap …
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Ukraine war could impact timing of Porsche AG listing, Porsche SE says
by Reutersby ReutersBERLIN – The timing of a possible listing of Porsche AG, currently foreseen for the fourth quarter of the year, could be pushed back by the conflict in Ukraine if …
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Australia govt splashes cash to soothe voters’ cost-of-living angst
by Reutersby ReutersBy Wayne Cole SYDNEY – Australia’s government is aiming to use billions in budget goodies to offset cost of living pressures for disgruntled voters ahead of an election in May, …
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Russia says it has fully paid $102 million coupon on 2035 Eurobond
by Reutersby Reuters(Reuters) -The Russian finance ministry said on Tuesday it has fully paid a coupon on the country’s Eurobond due in 2035, its third payout since unprecedented Western sanctions called Moscow’s …
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By Tom Wilson and Elizabeth Howcroft LONDON – Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping …
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Japan to ban Russia-bound exports of luxury cars, goods from April 5
by Reutersby ReutersBy Kantaro Komiya TOKYO -Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade …
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By Tetsushi Kajimoto TOKYO -Japan and the United States agreed to communicate closely on currency issues, Japan’s top currency diplomat said on Tuesday in his strongest statement yet since the …
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Simandou iron ore mine developers risk penalties if timeline missed, Guinea says
by Reutersby ReutersBy Helen Reid JOHANNESBURG – Rio Tinto and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron ore …
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Tata Motors says 20% rise in battery cell costs increasing short-term pressure
by Reutersby ReutersBy Aditi Shah NEW DELHI – Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20% because of a global surge in raw …
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(Reuters) – Rating agency Fitch said on Tuesday it has withdrawn its ratings of 27 Russian banks, four of their affiliates and related financing special purpose vehicles. The withdrawals are …
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BRUSSELS – The European Commission approved on Tuesday Sweden’s post-pandemic recovery plan that will allow the country to get 3.3 billion euros in grants from the European Union until 2026 …
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Shanghai says will hand out $22 billion in tax relief to firms amid COVID fight
by Reutersby ReutersSHANGHAI -China’s Shanghai on Tuesday said it would roll out policies to help the local economy cope with a surge in COVID-19 cases in the city, including offering refunds that …
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A look at the day ahead in markets from Sujata Rao It’s not just the costs of producing goods that’s going up, the price that must be paid to transport …
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PARIS – French consumer confidence fell in March to its lowest point in a little more than a year as inflation fears surged to their highest level ever, a monthly …
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BOJ ramps up battle to defend yield cap even as weakening yen raises economic risk
by Reutersby ReutersBy Leika Kihara TOKYO -The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on …
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Explainer-What would Japan’s currency intervention to combat a weak yen look like?
by Reutersby ReutersBy Leika Kihara and Tetsushi Kajimoto TOKYO – Japanese policymakers escalated their warning against sharp yen falls, with the country’s top currency diplomat saying Tokyo and Washington agreed to “communicate …
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Maersk warns Shanghai city lockdown to boost transport costs further
by Reutersby ReutersSHANGHAI – Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of COVID-19 further rattles …