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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tunisias current account deficit to widen to 10% of gdp in 2022
TUNIS (Reuters) – Tunisias current account deficit is expected to widen to around 10% of GDP in 2022, against 6.8% initially forecast, the central bank governor said on Friday, as the North Africa country is suffering its worst financail crisis.
Money markets price in 50-50 chance of 50 bps July ECB hike
By Yoruk Bahceli (Reuters) – Euro zone money markets on Friday ramped up their bets on a 50 basis-point interest rate hike from the European Central Bank in July that would bring the banks policy rate to 0%.
Saudi crown prince signals family unity as succession looms
By Aziz El Yaakoubi and Ghaida Ghantous RIYADH (Reuters) – An unlikely royal joined a Saudi delegation to the UAE this week, and readers of the Kingdoms political landscape are viewing the move as a message of family unity from its de facto ruler after fractious
U.S. bond funds see outflows for 19th straight week
(Reuters) – U.S. bond funds continued to face huge outflows in the week to May 19 on fears that the Federal Reserve would raise interest rates higher than previously expected to keep inflation under control.
Match Group says Google to allow for alternate payment systems
(Reuters) – Match Group Inc said on Friday that Alphabet Inc‘s Google will allow the dating apps maker to offer users a choice in payment systems, eliminating Google’s control over user data.
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