Indonesia to lift palm oil export ban from Monday -president
JAKARTA (Reuters) – Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.
Daily FX trading volumes reach $1.86 trln in April, up 5% – CLS
LONDON (Reuters) – Average daily foreign exchange trading volumes in April hit $1.86 trillion, 5% higher than a year earlier as volatility shot higher and investors bought and sold more in spot and forward markets, CLS said on Thursday.
Euro zone swings to a rare current account deficit in March
FRANKFURT (Reuters) – The euro zone recorded its first current account deficit in a decade in March on a small trade deficit and an outflow of secondary incomes, or transfers between residents and non-residents, European Central Bank data showed on Thursday.
U.S. crypto lobbyists in push to contain fallout from stablecoin meltdown
By Hannah Lang WASHINGTON (Reuters) – The cryptocurrency industry is scrambling to respond to U.S. lawmakers concerns about stablecoins following the collapse of TerraUSD, which wiped billions off the cryptocurrency market.
By Dragon‘s Rock, world’s policymakers plot how to slay stagflation
By Francesco Canepa KOENIGSWINTER, Germany (Reuters) – The world‘s top central bankers and finance ministers gathering near Germany’s Dragons Rock on Thursday have their own beast to slay: stagflation.
Friendly fire: Redistricting forces incumbent-versus-incumbent midterm battles across U.S
By Joseph Ax (Reuters) – U.S. Representative Lucy McBath has been a rising Democratic star since 2018, when she ended 40 years of Republican dominance in a suburban Atlanta seat.
Russias economy will shrink by no more than 5% in 2022 -Kremlin aide
(Reuters) – Russias economy will contract by no more than 5% in 2022, presidential adviser Maxim Oreshkin said on Thursday, giving a much more optimistic forecast than the economy ministry.
Kremlin aide Oreshkin says Russias year-end inflation will not exceed 15%
(Reuters) – Russian presidential aide Maxim Oreshkin on Thursday said year-end inflation in Russia would not exceed 15% and would be on a steady disinflationary trend in the coming weeks.
German airline Condor eyes return to profitability next year
By Zuzanna Szymanska and Ilona Wissenbach
Advisory firm PIRC opposes Shell climate plan for lacking ambition
By Shadia Nasralla LONDON (Reuters) – Advisory group PIRC recommended shareholders vote against Shell‘s non-binding climate resolution at the energy company’s annual general meeting (AGM) on Tuesday, according to a document seen by Reuters.
Britains pound inches up, but growth fears dominate
By Lucy Raitano LONDON (Reuters) – Britains pound inched up against the dollar on Thursday, but stayed clear of recent two-week highs as soaring inflation combined with a murky growth outlook prevented a stronger rebound.
Exclusive-TikTok plans big push into gaming, conducting tests in Vietnam -sources
By Josh Ye and Phuong Nguyen HONG KONG/HANOI (Reuters) – TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said.
UK card spending slowed last week, ONS says
LONDON (Reuters) – British consumer spending on credit and debit cards slowed last week after a rebound the previous week when a public holiday boosted spending, while restaurant reservations also fell, the Office for National Statistics said on Thursday.
German ex-chancellor Schroeder under EU pressure to quit Rosneft
By Francesco Guarascio BRUSSELS (Reuters) – The European Parliament is set to urge the blacklisting of former German Chancellor Gerhard Schroeder if he does not quit as a board member of Russian state-owned oil company Rosneft.
UK sanctions Russian airlines to prevent them selling landing slots
LONDON (Reuters) – Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports.
Russia to revive Moskvich brand using Chinese platform – sources
(Reuters) – Production of Russia‘s Soviet-era car brand the Moskvich could resume using a Chinese platform in partnership with truckmaker Kamaz, two sources told Reuters on Thursday, with the model to be built at Renault’s former Moscow factory.
Renault unveils hydrogen-powered prototype SUV in race to cleaner driving
PARIS (Reuters) – Renault unveiled on Thursday a prototype hydrogen fuel cell-powered sports utility vehicle (SUV), as the French carmaker scrambles to catch up with rivals in the race to cleaner driving.
Fed nominee Barr says hes committed to bringing down inflation
By Lindsay Dunsmuir and Pete Schroeder (Reuters) – U.S. Federal Reserve nominee Michael Barr, nominated by Democratic President Joe Biden to be the central banks Wall Street cop, said on Wednesday that he is committed to bringing inflation back down to 2%.
Russias TCS says first quarter net profit fell, without giving figures
(Reuters) – TCS Group Holding, which runs online bank Tinkoff, Russias second-largest credit card issuer, said on Wednesday its net profit had fallen year-on-year and quarter-on-quarter, but declined to disclose figures.
How Turkey spoiled NATOs historic moment with Finland, Sweden
By Jonathan Spicer, Humeyra Pamuk and Robin Emmott
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