By Dhara Ranasinghe LONDON – The path to permanent joint bond sales by euro zone governments will be long and bumpy, but Russia’s invasion of Ukraine may have helped clear …
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PARIS – The world’s two top central banks will move out of sync in the foreseeable future, as the war in Ukraine has vastly different effects on their economies, European …
- Financial News
Germans face higher inflation, weaker growth from Ukraine war – Bundesbank
by Reutersby ReutersFRANKFURT – Germans should brace for higher prices and weaker economic growth as Russia’s invasion of Ukraine disrupts trade and makes fuel as well as wheat more expensive, the Bundesbank …
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Denmark sees lower economic growth this year due to Ukraine war
by Reutersby ReutersCOPENHAGEN -The war in Ukraine will drive up inflation and could shave between 0.6 and 2.8 percentage points off Denmark’s expected economic growth this year, the Finance Ministry said on …
- Financial News
Anaplan to go private in $9.65 billion deal with Thoma Bravo, shares jump
by Reutersby Reuters-Shares of Anaplan Inc rose over 26% in premarket trading on Monday after the software maker agreed to be taken private by Thoma Bravo LP for $9.65 billion, in a …
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By Huw Jones LONDON -Global financial regulators are closely scrutinising the use of cryptoassets during the war in Ukraine after concerns they could be used to evade Western sanctions on …
- Financial News
Malaysia industries urge government to rethink minimum wage hike
by Reutersby ReutersKUALA LUMPUR – Malaysian industries are protesting against a government plan to raise a national minimum wage, warning companies could lose competitive edge as well as suffer higher costs and …
- Financial News
Wheat prices soar on Ukraine fears, but U.S. growers can’t cash in
by Reutersby ReutersBy Julie Ingwersen and P.J. Huffstutter CHICAGO – After Russia’s invasion of Ukraine sent global wheat futures soaring, U.S. farmer Vance Ehmke was eager to sell his grain. Local prices …
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By Uday Sampath Kumar -Wall Street is taking a gloomy view of Nike Inc ahead of its quarterly results on Monday, as rising COVID-19 cases in China, the Russia-Ukraine crisis …
- Financial News
Volkswagen unveils Asian ventures to secure e-battery materials supply
by Reutersby ReutersBy Brenda Goh and Dominique Patton SHANGHAI -Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China, the …
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– Gennady Timchenko, a long-time ally of Russian President Vladimir Putin, resigned from the board at gas producer Novatek on Monday after he was targeted by sanctions over Russia’s military …
- Financial News
Ericsson investigating how it addressed Iraq probe, board backs CEO
by Reutersby ReutersSTOCKHOLM – Ericsson Chairman Ronnie Leten said on Monday a comprehensive review is underway led by its new chief legal officer over the company’s conduct relating to Iraq and how …
- Financial News
LSE owner sells wealth technology platform for $1 billion – Sky News
by Reutersby Reuters– The London Stock Exchange Group entered into a $1 billion deal to sell a wealth technology platform to a consortium of investors, Sky News reported on Monday. LSEG will …
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– French carmaker Renault resumed production at its Moscow plant on Monday, a company spokesperson told Reuters. Renault suspended operations at its car assembly plant in Moscow in late February, …
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– As the Russia-Ukraine conflict rages, hectic diplomacy is underway. U.S. and European Union leaders will meet and so will the NATO alliance, while all sides are courting China for …
- Financial News
Sri Lanka in talks with China for $2.5 billion credit support -Chinese official
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO – China is considering offering a $1.5 billion credit facility to Sri Lanka and a decision is expected soon, a top Chinese official said on Monday, …
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A look at the day ahead in markets from Julien Ponthus. There’s arguably little central banks can do to tame surging energy and commodity prices other than try to limit …
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BERLIN – German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. The jump …
- Financial News
Smartphone shipments within China down 31.8% year-on-year in Feb -govt data
by Reutersby ReutersSHANGHAI – Shipments of smartphones within China fell 31.8% year-on-year to 14.5 million handsets in February, the China Academy of Information and Communications (CAICT) reported on Monday. Shipments were down …
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Chevron pulls union workers from California refinery ahead of strike
by Reutersby ReutersBy Gary McWilliams and Erwin Seba – Union workers were removed from a Chevron Corp oil refinery near San Francisco hours ahead of a deadline to begin the first labor …
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Russian car maker Avtovaz partially halts production over shortages
by Reutersby Reuters– Top Russian carmaker Avtovaz said on Monday it was partially halting production at its plants in Togliatti and Izhevsk on March 21-25 due because of to shortages of electronic …
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By Byron Kaye SYDNEY – Australia’s media regulator will be able to force internet companies to share data about how they have handled misinformation and disinformation under new laws that …
- Financial News
Trading in China Evergrande shares, onshore bonds halted pending announcement
by Reutersby ReutersHONG KONG – Shares of embattled property developer China Evergrande Group and onshore bonds issued by its flagship unit Hengda Real Estate Group were suspended from trading on Monday, pending …
- Financial News
Column-Hedge funds go long dollars, curve steepeners before Fed lift-off: McGeever
by Reutersby ReutersBy Jamie McGeever ORLANDO, Fla. – Hedge funds went into the Fed’s interest rate lift-off wagering on a stronger dollar and steeper U.S. yield curve, but have so far been …
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Tesla’s Musk appears headed to Berlin from Austin – Twitter user @elonjet
by Reutersby ReutersFRANKFURT – Tesla Chief Executive Officer Elon Musk appears to be headed to Berlin from Austin, Texas, the Twitter user @ElonJet, who tracks the movements of Musk’s private jet, posted …