By David Stanway and Zoey Zhang SHANGHAI -Banks in Asia are “falling short” when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims …
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- Financial News
China’s Geely Automobile flags costs, chip shortage after 12% drop in 2021 profit
by Reutersby ReutersSHANGHAI -Geely Automobile Holdings Ltd expects rising raw material prices and global chip shortages to pressure its profitability and sales this year, the Chinese company said on Wednesday, after reporting …
- Financial News
Exclusive-Dutch bank ING ends financing for new oil and gas projects
by Reutersby ReutersBy Simon Jessop and Toby Sterling LONDON -ING Groep NV will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit …
- Financial News
Disney employees stage walkouts to protest company response to Florida bill
by Reutersby ReutersBy Lisa Richwine and Dawn Chmielewski LOS ANGELES – Employees of the Walt Disney Co staged walkouts and social media campaigns on Tuesday to protest the company’s response to Florida …
- Financial News
Workers at Deutsche Bank’s Postbank clinch pay deal after months of wrangling
by Reutersby ReutersFRANKFURT -A pay increase for thousands of workers at Deutsche Bank’s retail unit Postbank has been agreed with management, brightening prospects for a wage deal for the broader German industry …
- Financial News
TotalEnergies not in jeopardy by quitting Russian oil contracts-CEO
by Reutersby ReutersPARIS -TotalEnergies’ decision to quit Russian oil supply contracts does not put the overall future of the French energy company at risk, the company’s chairman and chief executive Patrick Pouyanne …
- Financial News
Indians tighten belts as Ukraine war drives up prices of necessities
by Reutersby ReutersBy Aftab Ahmed and Rajendra Jadhav NEW DELHI – Many Indians are cutting down on fried food and even vegetables as the Ukraine war inflates the prices of items from …
- Financial News
COVID vaccine maker Moderna flags Japan ambition with sumo sponsorship
by Reutersby ReutersBy Rocky Swift TOKYO -Moderna Inc is sponsoring sumo flags in its first such promotion in Japan, as the COVID-19 vaccine maker seeks to wrestle market share from compatriot Pfizer …
- Financial News
UK inflation hits 30-year high of 6.2% as Sunak readies response
by Reutersby ReutersBy Andy Bruce LONDON -British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi …
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A look at the day ahead in markets from Dhara Ranasinghe. Data this morning showing British inflation rose to a new 30-year high of 6.2% last month, is a reminder …
- Financial News
Exclusive-Activist fund Oasis backs call for Toshiba to solicit buyout offers -source
by Reutersby ReutersBy Scott Murdoch and Makiko Yamazaki SYDNEY/TOKYO -Hong Kong-based activist fund Oasis Management has voted in favour of a shareholder proposal demanding Toshiba Corp solicit buyout offers from private equity …
- Financial News
BOK chief reiterates need to further adjust rates as end of term nears
by Reutersby ReutersSEOUL – South Korea’s central bank chief reiterated on Wednesday the need to further raise the bank’s policy interest rate as the economy struggles to tame red-hot inflation and amid …
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By Cynthia Kim and Jihoon Lee SEOUL -South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as its new central bank chief, a pick who is widely …
- Financial News
China’s ZTE exits probation after U.S. court ruling, shares soar
by Reutersby ReutersBy Karen Freifeld -China’s ZTE Corp saw its shares soar as much as 60% in Hong Kong on Tuesday after the telecommunications equipment maker completed five years of probation in …
- Financial News
Column-Cruel to be kind – Fed seems tempted by 1994 playbook :Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted by its own playbook from …
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By Asha Sistla – Gold prices held steady on Wednesday as worries over the Ukraine crisis supported demand for the safe-haven metal, although calls from U.S. Federal Reserve officials for …
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SINGAPORE – Singapore’s February headline prices rose at their fastest pace in nine years due to higher private transport costs, while core prices eased for the first time since June …
- Financial News
‘Gloomy’ Dutch consumers hit by pessimism about economy, war in Ukraine
by Reutersby Reuters– Dutch consumer confidence deteriorated in March due to growing pessimism about the economy and the war in Ukraine, the Dutch Statistics Office CBS announced on Wednesday. The indicator dropped …
- Financial News
Explainer-Can companies leaving Russia recoup losses through insurance?
by Reutersby ReutersBy Tom Hals – Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai …
- Financial News
Thailand to ban use of digital assets as payments from April – SEC
by Reutersby ReutersBANGKOK – Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator said on Wednesday. The move …
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By Andrea Shalal and Marek Strzelecki WASHINGTON -The United States and its Western allies are assessing whether Russia should remain within the Group of Twenty (G20) grouping of major economies …
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Anchorage, AK – The U.S. Marshals Service and the Alaska State Troopers are warning the public today of a telephone scam involving a fraudulent caller contacting convicted sex offenders and …
- Police Blotter
Another ‘Fugitive of the Week’ Surrenders at U.S. Marshals Office
by DOJ Pressby DOJ PressConcord, NH – The United States Marshals Service is very pleased to announce that “Fugitive of the Week,” Ryan Paul Moore surrendered on Monday afternoon at the U.S. Marshals Office …
- Police Blotter
U.S. Marshals Fugitive Task Force Arrests Homicide Suspects
by DOJ Pressby DOJ PressHarrisburg, PA – Today, United States Marshal Martin J. Pane announced the arrest of Cordaryl Burns and Larry Burns – both charged with two homicides in Cumberland County.On February 23, …
- Department of Justice Press Releases
McDowell County Man Pleads Guilty to Federal Fraud Charge
by DOJ Pressby DOJ PressCHARLESTON, W.Va. – A McDowell County man pleaded guilty to a federal fraud charge relating to an arson and insurance fraud scheme. According to court documents and statements made in …