(Reuters) – Russia’s Gazprom expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, in another sign of the …
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SAO PAULO – Telefonica Brasil said on Wednesday it estimates the assets acquired from Brazilian telecom Oi Movel will create 5.4 billion reais ($1.09 billion) in value. In a presentation …
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By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able to sell a state-owned bank, …
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(Reuters) – Air Lease Corp said on Friday it would write off the value of the 27 jets it has remaining in sanctions-hit Russia, a move that is expected to …
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RIO DE JANEIRO – Brazil’s shopping mall sector is expected to grow 10% this year compared to 2019, before the COVID-19 pandemic, said Jose Isaac Peres, mall operator Multiplan’s chief …
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BERLIN – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with …
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Russia Expects To Get Richer Despite Being Slapped With Western Sanctions Thomas Catenacci on April 5, 2022 The Russian government is projecting an increase of nearly $10 billion in energy …
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By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this …
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MADRID – Spain expects international tourist arrivals to reach 80% of pre-pandemic volumes in the second quarter as northern Europeans shrug off concerns over the Ukraine conflict and return en …
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ZURICH – Swiss agrochemicals group Syngenta expects crops output in Ukraine to slump substantially this year, it said on Thursday, as it announced fourth-quarter results. “We hope to be able …
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HONG KONG – China Vanke, the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after Chairman Yu Liang apologised to …
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WASHINGTON – The White House expects an influx of people to the border if Title 42, which is a COVID-era order that has blocked over a million migrants at the …
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HONG KONG – Goldman Sachs said Hong Kong residential property prices could drop as much as 20% through 2025, hurt by a drag on household income and homebuyer demand caused …
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SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit said on Tuesday, adding that …
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By Fabian Cambero SANTIAGO – The copper market has solid fundamentals despite current market volatility and will maintain high prices for at least the next 12 months, Ivan Arriagada, CEO …
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By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is …
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JAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming months as the government keeps …
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By Nelson Renteria SAN SALVADOR – El Salvador postponed an unprecedented issue of a bitcoin-backed bond planned for last week, as the government decided to wait for favorable conditions in …
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– Bank of New York Mellon Corp said on Thursday it has paused new banking business in Russia and expects a $100-million revenue impact in the first quarter as it …
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FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as fuel costs off, European Central …
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AMSTERDAM – Dutch paints and coatings maker Akzo Nobel expects its four plants in Russia to be out of business within a few months due to economic sanctions and a …
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SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported on …
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By Huw Jones LONDON – Companies in the United States and elsewhere will voluntarily use new global climate-related disclosures even if making them a mandatory requirement takes longer, the chair …
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FRANKFURT – TUI, the world’s largest holiday company, is seeing a rise in holiday bookings towards pre-pandemic levels, the head of the group’s German business told a newspaper. “Our customers …
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FRANKFURT – The German carmaker BMW said on Tuesday it had halted the export of cars to Russia and would stop production on the ground there. The company also said …