KOENIGSWINTER, Germany (Reuters) – The Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their existing commitment on exchange rates, a final communique showed.
(Reuters) – The European Union has targeted magnesium as a priority critical mineral to cut dependence on China and three firms are gearing up to produce it in Europe for the first time since 2001.
TURIN (Reuters) – Stellantis is aiming to make 50% of Lancia sales online as the carmaker gears up to relaunch the premium brand across Europe, Lancia CEO Luca Napolitano said on Friday.
(Reuters) – Slovak state gas importer SPP has paid a bill for Russian natural gas in euros and has also opened a rouble account with Gazprombank, its CEO Richard Prokypcak said on Friday.
(Reuters) – THGs shares surged 27% in early trading on Friday after the e-commerce company rejected a takeover proposal from two investment groups and saw buyout interest from property tycoon Nick Candy.
LONDON (Reuters) -Nationwide Building Society reported its annual profit nearly doubled on Friday, as it largely shrugged off the impact of the COVID-19 crisis and rising inflation on Britains economy.
LONDON (Reuters) – British retail sales volumes rose by 1.4% in April from March, the Office for National Statistics said on Friday.
ZURICH (Reuters) – Luxury goods group Richemont said on Friday discussions about its “Luxury New Retail” partnership should be concluded “in the near future”, after strong American demand for its jewellery and watches boosted net profit and sales in the 12 months to March.
ZURICH (Reuters) – Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurance became the latest company to announce its exit from the Russian market.
By Toby Sterling VELDHOVEN, Netherlands (Reuters) – ASML, a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger.
(Reuters) – Australias Woolworths Group on Friday offered to buy 80% stake in online retailer MyDeal.com, as it looks to take on major internet retail giants operating in the country that includes Amazon.com.
TOKYO (Reuters) – Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is withdrawn faster than expected, International Monetary Fund(IMF) Deputy Managing Director Kenji Okamura said.
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will lift interest rates higher by the end of this year than anticipated just a month ago, keeping alive already-significant risks of a recession, a Reuters poll of economists found.
By Daniel Leussink TOKYO (Reuters) – Japan‘s core consumer inflation in April rose above the central bank’s 2% target, hitting a more than seven-year high as increases in energy and commodity costs are causing broader price hikes that are pressuring households.
By Andy Bruce LONDON (Reuters) – Pessimism weighing on Britains households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to its joint lowest, a survey showed.
OSLO (Reuters) – Wage talks involving around 8,000 oil drilling workers in Norway broke down on Thursday, labour unions said, raising the risk of strike action that would disrupt oil and gas exploration.
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday suggested that because household finances are in some cases in better shape than before the pandemic, the Fed may end up needing to raise rates further to bring inflation under control.
(Reuters) – Applied Materials forecast third-quarter revenue below expectations on Thursday, suggesting that supply bottlenecks, exacerbated by the lockdowns in China, would hamper its ability to meet demand for its chipmaking tools.
(Reuters) – Five foreign vice-presidents of Russias Rosneft have resigned because of European Union sanctions forbidding European citizens or Russians living in the EU to work at the Kremlin oil major, six sources familiar with the matter said.
By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. Senate passed a bill on Thursday that would provide some $40 billion in additional military, economic and humanitarian aid to Ukraine following Russias invasion as the Biden administration predicts a prolonged conflict.