LONDON – JPMorgan’s emerging market strategists said on Wednesday that new U.S. sanctions on Russian sovereign debt announced this week were likely to have limited implications for the international investors …
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Tesla to expand parts production in Shanghai to meet export demand -document
by Reutersby ReutersSHANGHAI – Tesla Inc plans to expand parts production at its Shanghai factory to meet growing demand for exports, according to a document it filed with the city government. The …
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Broker Peel Hunt flags profit miss on delay in investment banking deals
by Reutersby Reuters– British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit and a slowdown in its …
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Filmstar Leonardo DiCaprio invests in French champagne brand Telmont
by Reutersby ReutersPARIS -Hollywood actor Leonardo DiCaprio has bought an equity stake in French champagne house Telmont, its majority owner Remy Cointreau said on Wednesday, as luxury brands strike partnership deals with …
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UK calls in finance heads and regulators to talk sanctions – BBC editor
by Reutersby ReutersLONDON – British Prime Minister Boris Johnson’s office and the Treasury have called in finance bosses and regulators to discuss how to ensure recently-announced sanctions on Russia are effective, the …
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Bringing up a child costlier in China than in U.S., Japan – research
by Reutersby ReutersBy David Stanway SHANGHAI -The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than in the United States and Japan, …
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French finance minister: keeping close eye on rising wheat prices
by Reutersby ReutersPARIS – French Finance Minister Bruno Le Maire told BFM TV and RMC Radio on Wednesday that he was keeping a close eye on rising wheat prices, which could add …
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MADRID – Spanish pharmaceutical group Rovi raised its 2022 revenue guidance as it posted a 151% jump in annual net profit on Wednesday, citing strong growth in contract manufacturing and …
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Russia sanctions would only have limited impact on French economy -Le Maire
by Reutersby ReutersPARIS – French Finance Minister Bruno Le Maire said on Wednesday that the sanctions imposed by the Western countries on Russia for ordering troops into separatist regions of eastern Ukraine …
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A look at the day ahead in markets from Dhara Ranasinghe. The Ukraine crisis may be tempering the most aggressive rate hike bets but New Zealand’s latest interest rate rise …
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Insurer Phoenix Group appoints Alastair Barbour as interim chair
by Reutersby Reuters– British insurer Phoenix Group on Wednesday appointed senior independent director Alastair Barbour as interim chairman to replace current Chairman Nicholas Lyons, who will go on a sabbatical. Barbour will …
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ECB could raise rates in summer before ending bond buys: Holzmann
by Reutersby ReutersZURICH -The European Central Bank could begin increasing interest rates before ending its bond purchasing programme, ECB policymaker Robert Holzmann said, challenging the bank’s long-held view on the sequence of …
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By Lucy Raitano LONDON – Inflation will have the biggest impact on global markets in 2022, traders said, while liquidity was the top daily trading challenge for a sixth year, …
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Column-Ukraine jolt sees more consensus trades hits the skids :Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON – The new year is proving unkind to the global investor consensus yet again and low visibility now becomes a major problem. As simmering Russia-Ukraine tensions …
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FRANKFURT -German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims …
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BERLIN – German consumer morale is projected to deteriorate in March as a sharp increase in COVID infection rates in early February and high inflation figures overshadowed positive medium-term expectations, …
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By David Lawder and Jason Lange WASHINGTON – The United States is poised to unleash a wider array of sanctions against Russia if Moscow escalates the conflict in Ukraine, denying …
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IMF starts discussions in Ukraine for next tranche disbursement
by Reutersby ReutersKYIV – The mission of the International Monetary Fund is starting its work in Ukraine for the second review of the Fund-supported programme, the global lender said on Wednesday. Ukraine …
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HONG KONG -Here are highlights of Hong Kong’s budget for the fiscal year starting in April 2022, unveiled by Financial Secretary Paul Chan on Wednesday: KEY FIGURES * Counter-cyclical measures …
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By Karin Strohecker and Megan Davies LONDON/NEW YORK -The U.S. government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up …
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Singapore core inflation rises at fastest pace in nearly a decade
by Reutersby ReutersSINGAPORE -Singapore’s key consumer price gauge rose in January by its fastest pace in nearly a decade, largely in line with economist forecasts, driven by higher inflation for food, electricity …
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– Wells Fargo & Co said on Tuesday U.S. government agencies, including the Department of Labor, are reviewing certain transactions in the bank’s 401(k) plan. The fourth-largest U.S. bank said …
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Trump-linked SPAC’s shares surge as Truth Social app tops Apple downloads
by Reutersby ReutersBy Medha Singh -Shares of Digital World Acquisition Corp, the blank-check company behind former U.S. President Donald Trump’s new social media venture, Truth Social, rose about 14% on Tuesday as …
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New Zealand raises interest rates, signals more aggressive tightening
by Reutersby ReutersBy Praveen Menon WELLINGTON -New Zealand’s central bank delivered a third straight interest rate hike on Wednesday that took borrowing costs back to pre-pandemic levels and signalled a more aggressive …
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Thai economic recovery to continue but still fragile-central bank minutes
by Reutersby ReutersBy Orathai Sriring BANGKOK – Thailand’s economy would continue to recover in 2022, but a rebound would remain fragile and uneven, as an Omicron outbreak puts less pressure on activity …