Russia to more than halve deferred FX purchases in coming month
MOSCOW (Reuters) – Russia’s finance ministry said on Tuesday it would decrease the volume of deferred foreign currency purchases in the coming month by more than 2-1/2 times to a…
MOSCOW (Reuters) – Russia’s finance ministry said on Tuesday it would decrease the volume of deferred foreign currency purchases in the coming month by more than 2-1/2 times to a…
(Reuters) – Deutsche Bank plans to cut the number of its Postbank branches from around 550 to 300 by mid-2026 as it adapts to changing demand, a spokesperson said in…
(Reuters) – The capacity of coal-fired power plants in the United States by 2050 will decline by more than half from 2022 levels, as environmental regulations raise costs and new…
By Rachna Uppal DUBAI (Reuters) – The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2%…
BERLIN (Reuters) – German wholesalers can expect sales growth to halve in 2023 after a jump last year fuelled by rising prices, the BGA wholesale and foreign trade association said…
KYIV (Reuters) – Ukraine’s economy could shrink by 50% this year if Russia keeps attacking the national power grid and other critical infrastructure, Prime Minister Denys Shmyhal was quoted as…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and…
BUDAPEST (Reuters) – Hungarian Prime Minister Viktor Orban said on Friday that he has asked the finance minister and the governor of the central bank to at least halve the…
By Amina Ismail and Maha El Dahan ERBIL (Reuters) – Oil production in the Iraqi region of Kurdistan could almost halve by 2027 if there is no new exploration or…
BEIJING – China’s new yuan loans are expected to fall back in July after record lending in the first half, a Reuters poll showed, but they are still likely to…
(Reuters) – Russia’s Industry Ministry expects car sales to halve in 2022 as the country’s automobile industry grapples with supply issues, a senior official said. “We saw a sharp fall…
BERLIN – Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by the autumn, Der Spiegel magazine…
BERLIN – Russia’s war in Ukraine could reduce Germany’s 2022 economic expansion by 2 percentage points, more than halving the growth rate for this year, according to a study published…
KABUL – The Taliban on Monday warned that it would reconsider its policy towards the United States if President Joe Biden did not reverse his “unjustified” decision to return only…
By Simon Jessop LONDON – A group of the world’s largest asset owners managing $10.4 trillion said on Tuesday they would step up their response to climate change and aimed…