Yellen says G7 to give Ukraine funds it needs ‘to get through this’
By David Lawder KOENIGSWINTER, Germany (Reuters) – U.S. Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide Ukraine the financial resources it needs in its struggle against Russias invasion, and that policymakers are determined to meet their inflation targets.
Analysis-‘Retail apocalypse’: Wall Street shaken by inflation-induced earnings hits
By Siddharth Cavale and Uday Sampath Kumar
Tesla investor calls for share buyback after Musks Twitter deal hurts stocks
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Leo KoGuan, a major individual investor in Tesla, on Thursday called on the electric carmaker to buy back shares, after Tesla stocks took a hit from CEO Elon Musks deal to buy Twitter.
UKs THG rejects bid approach; entrepreneur Candy shows interest
LONDON (Reuters) – British e-commerce company THG was at the centre of a bid battle on Thursday, rejecting an offer from two investment groups and learning that local entrepreneur Nick Candy was considering making a bid.
Shell to partner with Brazils Açu to build green hydrogen plant
By Gram Slattery (Reuters) – Shell and Brazil‘s Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America’s largest nation.
El Salvador‘s credibility would benefit from IMF deal – Moody’s
By Jorgelina do Rosario LONDON (Reuters) – El Salvador lacks credibility in managing its finances and would benefit from a program with the International Monetary Fund, an official at ratings agency Moodys said on Thursday.
South African central bank governors comments on rate decision
JOHANNESBURG (Reuters) – Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago on Thursday as he announced the central banks decision to raise benchmark repo rate by 50 basis points to 4.75%.
Egypts central bank raises key interest rates by 200 basis points
CAIRO (Reuters) – Egypts central bank raised its key interest rates by 200 basis points on Thursday, it said in a statement.
Russian to ease restrictions on cash FX, apart from U.S dollars, euros
(Reuters) – Russias central bank said on Thursday banks would be allowed to sell citizens foreign currency without any restrictions from May 20, with the exception of U.S. dollars and euros.
Inflation-focused macro investment firm Ruffer expanding in U.S. market
By Davide Barbuscia NEW YORK (Reuters) – British fund manager Ruffer Investment Management is in talks with institutional investors to expand a recently launched U.S. investment vehicle it hopes will grow to $5 billion in assets over the next five years, according to a Ruffer executive.
Foreign investors should be able to withdraw from Russian market, lobby says
(Reuters) – Russian stock market lobby NAUFOR believes non-residents should be able to gradually withdraw from Russian assets so the securities they own can return to the market, the head of the group said on Thursday.
Brazils Guedes says 10% tax on dividends could be approved this year
BRASILIA (Reuters) – Brazil Economy Minister Paulo Guedes said a small tax reform may be approved by Congress this year that would include a 10% tax on dividends, which are currently exempt.
Eight hurt in explosion at S.Koreas S-Oil refinery- Yonhap
(Reuters) – At least eight people were hurt in a blast at S-Oil Corps Onsan refinery in Ulsan, South Korea on Thursday, the Yonhap news agency reported https://en.yna.co.kr/view/AEN20220519011051320？section=news.
Pelosi says she hopes U.S. Congress can pass China competition bill by July 4
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Thursday she hoped the Congress can pass the legislation authorizing hundreds of billions of dollars to boost the countrys ability to compete with Chinese technology, by July 4.
Germanys Ottobock delays IPO due to market turmoil
MUNICH, Germany (Reuters) – German artificial limb maker Ottobock is putting off its planned IPO due to turbulence on financial markets, majority owner and Chairman Hans Georg Naeder said on Thursday.
H&M reaches $36 million settlement with New York over unused gift cards
NEW YORK (Reuters) -H&M will pay $36 million to settle accusations that the fashion retailer illegally kept millions of dollars in gift cards that customers never used, New York Attorney General Letitia James said on Thursday.
German gas importers can open rouble accounts to pay for Russian gas -sources
BERLIN (Reuters) – Germanys gas importers are allowed to open rouble accounts to pay for Russian gas, according to two people familiar with the matter, as a deadline to switch to a new mechanism proposed by Moscow draws nearer.
IMF says Sri Lanka talks conclude May 24, monitoring developments closely
(Reuters) – An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman Gerry Rice said on Thursday.
Polands LPP decides to sell its Russian company to Chinese consortium
(Reuters) – Polands biggest clothing retailer LPP has decided to sell its Russian company RE Trading to a Chinese consortium, LPP said on Thursday.
Abbott baby formula plant on track to reopen within 1-2 weeks -FDA commissioner
WASHINGTON (Reuters) – Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen the companys Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said on Thursday.
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