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  • Financial News

    Toyota agrees to union’s pay hike demands

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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 …

  • Financial News

    China to step up policy support for economy, Xinhua cites politburo

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BEIJING -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. …

  • Financial News

    Russian central bank provides banks with $23 billion at 3-day repo auction

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    MOSCOW – 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 …

  • Financial News

    Cutting Russia off SWIFT is “very last resort” -France’s Le Maire

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    PARIS -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 …

  • Financial News

    Japan’s central bank lowers limits on CP, corporate bond purchases

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    TOKYO – 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 …

  • Financial News

    Greek lender Piraeus Bank’s Ukraine operations only 0.2% of assets

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    ATHENS – 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 …

  • Financial News

    Spain’s Amadeus stays cautiously optimistic about recovery

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    – 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 …

  • Financial News

    German storms cause insurers losses of $1.6 billion

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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 …

  • Financial News

    Germany’s Lindner says Europe will be able to shield its economies against inflation rising over Ukraine war

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    PARIS – 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 …

  • Financial News

    No signs of equity market capitulation yet – BoFA

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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 …

  • Financial News

    Jeep to launch two new SUVs in India to boost sales

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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 …

  • Financial News

    British Airways avoiding Russian airspace for overflights, IAG CEO says

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    LONDON – 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 …

  • Financial News

    French Finance Minister Le Maire: we want to isolate Russia financially

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    PARIS – 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 …

  • Financial News

    Goldman Sachs sees risks to European stocks from Ukraine crisis

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    – 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 …

  • Financial News

    Marketmind: A semblance of calm but for how long?

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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 …

  • Financial News

    Japan’s central bank plans experts’ workshop to scrutinise inflation

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By 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 …

  • Financial News

    Holcim confident it can handle energy price rises

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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 …

  • Financial News

    Russian central bank raises limit for Friday’s repo auction to 3 trln rbls

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    MOSCOW – 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 …

  • Financial News

    Analysis-Russia’s economic defences likely to crumble over time under sanctions onslaught

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By 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 …

  • Financial News

    Rightmove forecasts strong housing market after 2021 profit surge

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    – 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 …

  • Financial News

    Analysis-Shocks and missteps: how Sri Lanka’s economy ended in crisis

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    By 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 …

  • Financial News

    Lending to Swedish households up 6.7 pct in January

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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. …

  • Financial News

    Finnish retailer Stockmann sees better times ahead

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    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 …

  • Financial News

    Ukraine’s Zelenskiy says Russian actions show sanctions not enough

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    KYIV -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 …

  • Financial News

    Germany suspends Hermes export credit guarantees for Russia – Handelsblatt

    by Reuters February 25, 2022
    by Reuters February 25, 2022

    BERLIN – 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 …

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