Gazprom expects 4% fall in gas output in 2022
(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…
(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…
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…
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,…
(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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
– 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…
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…
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…
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…
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…
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…
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…