Chile central bank mulled 150 point rate increase at May meeting, minutes show

SANTIAGO (Reuters) – Chiles central bank considered raising the benchmark interest rate by up to 150 basis points at its last meeting due to persistent inflationary pressure, according to meeting minutes released by the bank on Friday.

الصناعة 2022-05-20 13:22

G7 mulling Russian asset seizures to help rebuild Ukraine – German Finance Minister

BERLIN (Reuters) – Seizing Russian state assets to help finance the rebuilding of war-torn Ukraine remains a possibility, German Finance Minister Christian Lindner said on Friday, but he added that no decision on the matter was taken at a meeting with his G7 counterparts.

الصناعة 2022-05-20 13:08

Putin instructs government to assess actions taken against Russia in WTO

(Reuters) – Russian President Vladimir Putin has instructed the government to assess measures taken by countries in the World Trade Organisation (WTO) that restrict trade with Moscow, a document published on the Kremlins website said.

الصناعة 2022-05-20 13:08

Polands Agora expects positive outcome despite setback in Eurozet takeover

GDANSK (Reuters) – Polish media group Agora expects a delay of at least several months to its planned takeover of Eurozet if the Polish competition watchdog appeals a recent court OK, management board member Anna Krynska-Godlewska said.

الصناعة 2022-05-20 13:07

U.S. says a second Abramovich plane likely violates export controls

WASHINGTON (Reuters) – The U.S Bureau of Industry and Security said on Friday a second airplane owned by Russian oligarch Roman Abramovich, a 787 Dreamliner, is likely in violation of U.S. export controls.

الصناعة 2022-05-20 13:07

Putin tells government to ‘optimise’ taxes for steel makers and coal miners

(Reuters) – Russian President Vladimir Putin has ordered the government to ‘optimise’ taxes for steel makers and coal miners, the Kremlin said on Friday.

الصناعة 2022-05-20 12:52

DUP expects new UK law on post-Brexit N. Ireland trade in early June

BELFAST (Reuters) – The British government plans to bring forward legislation in early June to unilaterally scrap some of the rules governing post-Brexit trade with Northern Ireland, the leader of the regions largest pro-British party said on Friday.

الصناعة 2022-05-20 12:52

Austrias gas importer OMV to transfer euros to Russia for payment

By Alexandra Schwarz-Goerlich BERLIN (Reuters) – Austrian energy group OMV joins other European companies that transfer euro payments for Russian gas to Gazprombank, it said on Friday, adding that it expects no problems through a conversion to roubles.

الصناعة 2022-05-20 12:52

India cenbank gives sharply lower surplus of 303 billion rupees to govt

MUMBAI (Reuters) – Indias central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 and decided to keep its contingency risk buffer at 5.5%, the bank said on Friday.

الصناعة 2022-05-20 12:52

Russian to ease restrictions on cash FX, apart from U.S dollars, euros

Banks would be allowed to sell citizens foreign currency without any restrictions from May 20, with the exception of U.S. dollars and euros.

الصناعة 2022-05-20 12:43

Catherine Colonna, French envoy to Britain, to be named foreign minister – BFM

BERLIN (Reuters) – Catherine Colonna, France‘s ambassador to the United Kingdom and former spokesperson for the late President Jacques Chirac, is set to be named as France’s new foreign minister, BFM TV reported on Friday, citing unidentified sources.

الصناعة 2022-05-20 12:37

Russian central bank to lift short selling ban on June 1, says leading broker

(Reuters) – Russia‘s central bank will lift a ban on short selling on June 1, Tinkoff Investments, one of Russia’s leading brokerage platforms said on Friday, citing a central bank note sent to brokerages.

الصناعة 2022-05-20 12:37

Volkswagen supervisory board demands more ambitious software roadmap – sources

HAMBURG (Reuters) – Volkswagen‘s supervisory board has called on management to present a reworked plan for the carmaker’s software division, which forms the backbone of its strategy but has run into problems, two people familiar with the matter said.

الصناعة 2022-05-20 12:37

Credit Suisse hires Barclays banker to take on Iberia investment banking – memo

By Andres Gonzalez and Pamela Barbaglia LONDON (Reuters) – Switzerlands second-largest bank Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Iberia in a bid to strengthen its presence in the region where deal volumes surged last year.

الصناعة 2022-05-20 12:37

Netflix to pay $59 million to settle Italian tax dispute

MILAN (Reuters) – U.S. streaming service Netflix has agreed to settle a tax dispute with Italy, the company and legal sources said on Friday.

الصناعة 2022-05-20 12:37

Chinas Sinosteel signs $680 million iron ore mine deal with Cameroon

By Amindeh Blaise Atabong YAOUNDE (Reuters) – Cameroons government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.

الصناعة 2022-05-20 12:37

Polands PGNiG says aims to maximise use of Baltic Pipe, reverses earlier stance

WARSAW (Reuters) – Polish gas company PGNiG said it aims to fully use its booked capacity on the Baltic Pipe from Norway, reversing its stance after saying it would not do so as soaring prices were likely to curb demand.

الصناعة 2022-05-20 12:37

Romania cenbank unanimously voted to raise key rate to 3.75%

BUCHAREST (Reuters) – Romanias central bank board unanimously voted to raise the benchmark interest rate by a bigger than expected 75 basis points to 3.75% at its May 10 meeting as it expected sharply higher inflation, minutes published on Friday showed.

الصناعة 2022-05-20 12:37

Kimberly-Clark to sell tissue paper assets in Brazil, Latam -report

SAO PAULO (Reuters) – Kimberly-Clark Corp is planning to sell its tissue paper assets in Brazil and Latin America, newspaper Valor Economico reported on Friday, saying the company is in talks with JPMorgan to reassess its business in the region.

الصناعة 2022-05-20 12:22

G7 determined to halt rise in inflation – German finance minister

KOENIGSWINTER, Germany (Reuters) – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday after hosting a meeting with his G7 counterparts.

الصناعة 2022-05-20 12:07
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