Artillery strike kills two civilians in Ukraine’s Luhansk region, says governor
(Reuters) – An artillery strike on the front line town of Zolote in Ukraine’s eastern Luhansk region killed two civilians on Saturday and wounded two others, Governor Serhiy Haidai said in an…
Thousands flee air strikes, shelling as fighting erupts in Myanmar
– Myanmar’s military deployed ground troops and launched air and artillery strikes against rebel forces in the country’s east, witnesses, local media and an aid group said on Thursday, prompting thousands of…
Ukraine’s energy infrastructure has not been damaged, Naftogas says
MOSCOW – Ukrainian energy firm Naftogas said on Thursday that the country’s energy infrastructure has not been the subject of systemic shelling and the “situation is under control” following Russia’s attack on…
Swedish Debt Office says bigger surplus reduces borrowing needs
STOCKHOLM – Sweden’s Debt Office said on Thursday that strong growth would lead to better government finances and lower the borrowing requirement meaning it would cut the supply of government debt. “The…
Hungary central bank raises one-week deposit rate by 30 bps to 4.6%
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two days after it raised its base rate…
Adecco does not expect Ukraine invasion to derail economic upswing
ZURICH – Staffing group Adecco does not expect the Russian invasion of Ukraine to derail the global economic upswing, Chief Financial Officer Coram Williams told Reuters on Thursday. “What is happening is…
‘Contrarian’ quant giant Dimensional focuses on U.S. curve short end, corporate debt
By Davide Barbuscia NEW YORK – Dimensional Fund Advisors, a pioneer of quantitative investment with $680 billion in assets under management, has increased exposure to the short end of the U.S. Treasury…
Kazakhstan central bank hikes policy rate amid Ukraine crisis
ALMATY – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the Russian rouble after Moscow launched attacks on…
Czech central bank vice-gov says Ukraine crisis will have inflationary effect
PRAGUE – The crisis around Ukraine will have an inflationary effect on the Czech economy via higher energy prices, the central bank vice-governor Tomas Nidetzky was quoted as saying on Thursday. Nidetzky…
Chinese ex-diplomat’s forced labor conviction overturned by U.S. appeals court
By Jonathan Stempel NEW YORK – A U.S. appeals court on Wednesday overturned the conviction of a former Chinese diplomat and head of U.S. operations for a Chinese construction company for engaging…
Brazilian shoemaker Alpargatas raises $492 million in share sale
SAO PAULO – Brazilian shoemaker Alpargatas has raised 2.49 billion reais ($492 million) in a planned follow-on share offering, a securities filing showed. Investment firm Itausa, which was already one of Alpargatas’…
First Abu Dhabi Bank set to sell $500 million sukuk
By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over U.S. Treasuries,…
Localiza, Unidas close to assets sale to win merger approval -report
SAO PAULO -Brazilian rental car firms Localiza and Unidas, formally known as Companhia de Locacao das Americas, are close to selling assets to win approval from antitrust watchdog Cade for their merger,…
Broker Peel Hunt flags profit miss on delay in investment banking deals
– 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 trading division,…
Insurer Phoenix Group appoints Alastair Barbour as interim chair
– 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 take up…
Column-Ukraine jolt sees more consensus trades hits the skids :Mike Dolan
By 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 boiled over…
Two winter systems blast the U.S. with heavy snow, gusty winds
By Brendan O’Brien CHICAGO – Two major winter storms will dump heavy snow and blow fierce winds in the Midwest, New England and Southwestern United States on Tuesday and into the next…
Blackrock increases its strategic overweight on equities
– Asset manager Blackrock said on Tuesday that it has increased its strategic overweight on equities, as an early-2022 selloff created “compelling opportunity.” “We see the combination of low real rates, strong…
ADM sets record for single soybean shipment from northern Brazil
By Nayara Figueiredo SAO PAULO – U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal…
Funds win again with U.S. curve flatteners: McGeever
By Jamie McGeever ORLANDO, Fla. -Another week, another big win for hedge funds betting on a flatter U.S. yield curve. Futures market data for the week through Feb. 15 show that funds’…
Airbus, Safran consortium to buy fighter jet parts maker A&D
By Gus Trompiz and Tim Hepher PARIS -A consortium backed by Airbus and Safran has agreed to buy superalloys supplier Aubert & Duval from Eramet after the French government stepped in to…
OECD expects Mexico economy to rebound by 3rd-qtr, growing in 2023
MEXICO CITY -Economic growth in Mexico is expected to return to pre-pandemic levels by the third quarter this year, the Organisation for Economic Cooperation and Development (OECD) said on Monday. “Exports will…
China’s Zhenro Properties slumps after debt warning
By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources might be insufficient to repay debt due…
Greek December current account deficit widens, tourism revenues up
ATHENS -Greece’s current account balance showed a wider deficit in December last year compared to the same month in 2020 while tourism revenues rose, the Bank of Greece said on Monday. Central…
Thai banks’ bad loans at 2.98% of lending at end-December
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support debtors, the…
French modelling agent who founded agency with Epstein dies in custody
PARIS – Jean-Luc Brunel, a longtime French modeling agent who was detained in December 2020 as part of an inquiry into allegations of rape, sexual assault and sexual harassment, was found dead…
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