By Tetsushi Kajimoto TOKYO -Toyota Motor Corp has accepted labour union pay demands, Toyota CEO Akio Toyoda told reporters late Thursday, wrapping up annual wage negotiations with unusual speed amid …
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China to step up policy support for economy, Xinhua cites politburo
by Reutersby ReutersBEIJING -China will step up policy support to stabilise the economy, Xinhua news agency quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying on Friday. …
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Russian central bank provides banks with $23 billion at 3-day repo auction
by Reutersby ReutersMOSCOW – Russia’s central bank on Friday said it had provided banks with 1.9 trillion roubles ($22.87 billion) out of 3 trillion roubles on offer at a “fine-tuning”, three-day repo …
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Cutting Russia off SWIFT is “very last resort” -France’s Le Maire
by Reutersby ReutersPARIS -French Finance Minister Bruno Le Maire said on Friday the option of cutting off Russia from the SWIFT global interbank payments system remained open, but that he viewed this …
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Japan’s central bank lowers limits on CP, corporate bond purchases
by Reutersby ReutersTOKYO – The Bank of Japan (BOJ) said on Friday it had decided to reduce the maximum amounts of commercial paper (CP) and corporate bonds it can buy in a …
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Greek lender Piraeus Bank’s Ukraine operations only 0.2% of assets
by Reutersby ReutersATHENS – Piraeus Bank, one of Greece’s four largest lenders, said on Friday its operations in Ukraine comprise a financial institution, JSC Piraeus Bank ICB, and investments in real estate …
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– Spanish travel booking group Amadeus posted on Friday a second consecutive profitable quarter since the start of the coronavirus pandemic, helped by stronger demand as travel curbs were partly …
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BERLIN – German insurers will have to pay around 1.4 billion euros ($1.57 billion) for nearly a million property units damaged in winter storms that swept across large parts of …
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Germany’s Lindner says Europe will be able to shield its economies against inflation rising over Ukraine war
by Reutersby ReutersPARIS – European sanctions against Russia over the war in Ukraine will lead to cost increases, German Finance Minister Christian Lindner said, but the bloc will be able to protect …
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LONDON – Investors pulled money from bonds and pumped money into cash and stocks in the week to Wednesday as equity positioning showed “zero signs of capitulation despite flows and …
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By Aditi Shah NEW DELHI – Stellantis’ Jeep will launch two new sport-utility vehicles (SUVs) in India this year to boost sales in a market where it has struggled to …
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British Airways avoiding Russian airspace for overflights, IAG CEO says
by Reutersby ReutersLONDON – British Airways owner IAG is now avoiding Russian airspace for overflights and cancelled its flight to Moscow on Friday after Prime Minister Boris Johnson banned Russia’s flagship airline …
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French Finance Minister Le Maire: we want to isolate Russia financially
by Reutersby ReutersPARIS – French Finance Minister Bruno Le Maire said on Friday that the European Union wanted to isolate Russia financially, as he spoke alongside his German counterpart Christian Lindner at …
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Goldman Sachs sees risks to European stocks from Ukraine crisis
by Reutersby Reuters– Goldman Sachs on Friday cut its target for Europe’s major stock index, saying equities in the region are likely to face risks for some time as the Russia-Ukraine crisis …
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A look at the day ahead in markets from Dhara Ranasinghe. World markets may have recovered some of their worst losses after Russia’s attack on Ukraine but a sombre mood …
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Japan’s central bank plans experts’ workshop to scrutinise inflation
by Reutersby ReutersBy Leika Kihara TOKYO -The Bank of Japan said on Friday it would scrutinise factors behind the country’s low inflation and the divergence of price trends from other parts of …
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By John Revill ZURICH -Holcim is confident it can handle energy price spikes caused by the Ukraine crisis, CEO Jan Jenisch said on Friday, after the world’s biggest cement-maker reported …
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Russian central bank raises limit for Friday’s repo auction to 3 trln rbls
by Reutersby ReutersMOSCOW – The Russian central bank on Friday said it was raising the limit at a “fine-tuning” repo auction later on Friday to 3 trillion roubles ($35.55 billion) from 2 …
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Analysis-Russia’s economic defences likely to crumble over time under sanctions onslaught
by Reutersby ReutersBy Sujata Rao and Marc Jones LONDON – Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to …
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Rightmove forecasts strong housing market after 2021 profit surge
by Reutersby Reuters– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven by rising inflation and a …
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Analysis-Shocks and missteps: how Sri Lanka’s economy ended in crisis
by Reutersby ReutersBy Uditha Jayasinghe and Devjyot Ghoshal COLOMBO – In late November 2019, after winning Sri Lanka’s presidential election and months ahead of a parliamentary ballot that would again test his …
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STOCKHOLM, Feb 25 – Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the statistics office said on Friday. …
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HELSINKI – Finnish premium department store chain Stockmann on Friday posted a rise in fourth-quarter earnings and said it expected the positive development to continue as long as no major …
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Ukraine’s Zelenskiy says Russian actions show sanctions not enough
by Reutersby ReutersKYIV -Ukrainian President Volodymyr Zelenskiy said on Friday that continued Russian aggression against his country showed that sanctions imposed on Moscow by the West were not enough. Zelenskiy said the …
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Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
by Reutersby ReutersBERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the economy …